LTC Properties, Inc. filings document the reporting profile of a Maryland healthcare real estate investment trust with common stock listed on the New York Stock Exchange under LTC. Form 8-K reports furnish quarterly operating results, supplemental financial packages, Regulation FD disclosures, material agreements and completed property acquisition or disposition activity.
Proxy filings describe board elections, executive compensation, equity awards and shareholder voting matters. Other disclosures address credit agreements, line-of-credit funding, at-the-market common stock activity, capital structure, registered securities and governance topics tied to LTC's seniors housing, skilled nursing, SHOP, triple-net lease, joint venture and structured finance investments.
LTC Properties, Inc. expanded its board from six to eight members on September 22, 2026, electing Co-Presidents and Co-CEOs Pamela J. Shelley-Kessler and Clint B. Malin as directors. Both executives have served as Co-Presidents since May 2020 and Co-CEOs since December 2024, and will continue in those roles. Their director terms run until the next annual meeting and until successors are duly elected and qualified, or their earlier death, resignation or removal.
Neither was appointed to a board committee, and the company said their compensation arrangements are unchanged as a result of the elections. LTC's portfolio includes 180 properties; based on gross real estate investments, 77% of its assets are seniors housing communities, with the remainder in skilled nursing centers. The company said five of the eight directors are independent.
Director David L. Gruber of LTC Properties Inc reported open-market purchases of company common stock. On August 11, 2026, he purchased 3,500 shares at $38.30 per share, followed by an additional 500 shares at $38.30 on August 12, 2026, for total reported purchases of 4,000 shares. A portion of his reported holdings includes 689 shares acquired under LTC Properties, Inc.'s dividend reinvestment plan.
LTC Properties, Inc. entered into a new Equity Distribution Agreement allowing the company to issue and sell, from time to time, up to an aggregate offering price of $500 million of common stock through multiple financial institutions acting as principals, sales agents and/or forward sellers. Sales may be made in negotiated or block transactions or as "at the market" offerings on the New York Stock Exchange or through market makers.
The company also executed Master Forward Confirmations with several forward purchasers, enabling forward sale agreements in which a forward purchaser borrows and sells shares now, with LTC generally expecting to physically settle later and receive cash equal to the shares delivered multiplied by the applicable forward price. LTC will not initially receive proceeds from the sale of borrowed shares and may alternatively elect cash or net share settlement for particular forwards.
LTC intends to use net cash proceeds from share issuances to pay down its unsecured revolving credit line, fund acquisitions and originations, and for working capital and other general corporate purposes. In connection with the new program, LTC terminated its prior at-the-market equity distribution agreement, which had authorized up to $400 million of common stock sales and had approximately $90 million of capacity remaining at termination.
LTC Properties, Inc. is establishing a new at-the-market equity program to offer and sell shares of its common stock, having an aggregate offering price of up to $500,000,000, through multiple sales agents and via forward sale agreements. Sales may be made on the NYSE or through other brokered or negotiated transactions, with agent or forward-selling commissions up to 2.0% of the gross sales price.
The company may also have forward purchasers borrow and sell shares, with LTC receiving cash proceeds later upon physical settlement at an adjusted forward sale price. LTC intends to use net proceeds, including any from forward settlements, to repay amounts outstanding under its $900 million unsecured revolving credit facility, fund acquisitions and originations, and for working capital and other general corporate purposes. As of July 31, 2026, approximately $356 million was outstanding under the revolver, which matures on July 21, 2029 and bears interest at 105 basis points over SOFR. Common stock trades on the NYSE under the symbol LTC, and the last reported sale price on August 5, 2026 was $38.72 per share.
LTC Properties, a healthcare REIT focused on seniors housing and skilled nursing, reported strong mid‑2026 results. Total assets were $2,176,858 (thousands) at June 30, 2026, with a portfolio spanning triple‑net leases, its SHOP operating segment, financing receivables, mortgage loans and notes receivable.
For the quarter ended June 30, 2026, total revenues were $98,859 (thousands) versus $60,240 (thousands) a year earlier. Net income attributable to LTC was $29,637 (thousands), and net income available to common stockholders was $29,479 (thousands), equal to basic and diluted EPS of $0.57 and $0.56, respectively. Six‑month net income available to common stockholders was $52,916 (thousands), with diluted EPS of $1.05; dividends were $1.14 per share year‑to‑date.
LTC continued expanding its SHOP segment, acquiring five seniors housing communities for a purchase price of $171,455 (thousands) and converting four leased communities (247 units, gross book value $59,387 (thousands)) into SHOP. Operating cash flow for the first half was $65,142 (thousands). Debt totaled $777,090 (thousands), and the amended unsecured credit facility increased revolving capacity to $900,000 (thousands), with additional term loans and interest rate swaps used as cash flow hedges.
LTC Properties, Inc., a seniors housing and health care REIT, reported second quarter 2026 results with total revenues of $98,859 (amounts in thousands) and net income available to common stockholders of $29,479, compared with $60,240 and $14,938 in the prior-year quarter. Diluted EPS was $0.56 versus $0.32.
Nareit FFO attributable to common stockholders was $34,288 (thousands), or $0.66 per diluted share, and FAD was $35,605 (thousands), or $0.68 per share. The SHOP platform reached 39 communities, representing 37% of total gross real estate investments at July 31, 2026, and generated quarterly SHOP NOI of $13,924 (thousands).
Management raised the mid-point of 2026 SHOP investment guidance to $900 million, expects about $700 million of year-to-date SHOP acquisitions by the end of the third quarter, and projects SHOP to contribute 40% of proforma annualized NOI by that time and nearly 50% by year-end. Full-year 2026 diluted EPS guidance is $8.08–$8.10, with diluted Core FFO per share of $2.76–$2.78 and diluted Core FAD per share of $2.83–$2.85, supported by planned dispositions and payoffs now projected at $730 million and an expanded $1 billion credit facility.
LTC Properties Inc director Timothy Triche reported an open-market sale of 3,125 shares of Common Stock on 2026-07-13 at $39.54 per share. Following the transaction, he holds 37,786 shares directly, including 187 shares acquired through LTC Properties, Inc.'s dividend reinvestment plan. No derivative securities are reported in this filing.
LTC proposes the sale of common stock under a Form 144 notice. A holder plans to sell 3,125 shares of common stock through Morgan Stanley Smith Barney LLC Executive Financial Services on the NYSE, with an indicated aggregate value of $123,562.50. The shares were acquired on May 20, 2026 in a private acquisition from the issuer or an affiliate as compensation for services rendered.
LTC Properties, Inc. expanded its main bank credit facility by amending its existing Credit Agreement. The amendment increases total lender commitments from $800 million to $1.1 billion by using the agreement’s incremental facility feature.
The revolving credit commitments within this facility rise from $600 million to $900 million, and the total maximum commitments permitted under the agreement grow from up to $1.2 billion to up to $2.0 billion. Other material terms of the credit agreement remain unchanged.
LTC also entered into three-year interest rate swap agreements that effectively fix the interest rate on $150 million of borrowings under the credit facility at 4.97% per year, providing more predictable borrowing costs on that portion of its debt.
LTC Properties executive David M. Boitano, EVP & CIO, bought 10,000 shares of LTC Properties common stock in open-market transactions. He purchased 5,000 shares at $34.85 and 5,000 shares at $34.69 on June 4, 2026, bringing his direct holdings to 46,160 shares.