Every 10-Q that LTC Properties, Inc. (LTC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow LTC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LTC filings page.
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. reported solid growth for the quarter ended March 31, 2026 as it expanded its seniors housing operating platform. Total revenues rose to $95.4 million from $49.0 million a year earlier, driven mainly by $49.6 million of resident fees and services from the SHOP segment.
Net income increased to $25.0 million, with net income available to common stockholders of $23.4 million, or $0.48 per diluted share, up from $0.45. Cash from operations was $30.8 million, while investing activity reflected continued portfolio growth, including a $108.1 million Georgia seniors housing acquisition and additional SHOP capital improvements.
Total assets reached $2.10 billion and total equity was $1.18 billion. LTC maintained an unsecured credit platform with $867.4 million of total debt and used its at-the-market equity program to raise $43.4 million, supporting both acquisitions and balance sheet flexibility while continuing to pay a $0.57 per-share quarterly dividend.
LTC Properties, Inc. reported a Q3 2025 net loss driven by a $41,455 write-off of effective interest receivable. Total revenue was $69,290, up year over year, but the write-off pushed net loss attributable to LTC to $(19,995) and diluted EPS to $(0.44). The company declared and paid a quarterly dividend of $0.57 per share.
LTC expanded its seniors housing operating portfolio (“SHOP”) after terminating the Anthem and New Perspective triple-net leases, converting those communities to SHOP, and acquiring eight seniors housing communities in the quarter. As of September 30, 2025, SHOP includes 21 properties managed by five operators. Assets rose to $2,044,420 from $1,786,142 at year-end, supported by net investing cash outflows of $(317,100) including $(268,169) in property acquisitions and $(99,200) in mortgage loans. Operating cash flow was $98,038.
On the balance sheet, the revolving line of credit increased to $548,450, term loans were repaid to $0, and senior unsecured notes decreased to $396,065. Shares outstanding were 47,614,192 as of October 28, 2025.
LTC Properties (NYSE: LTC) Q2 2025 10-Q highlights
- Top-line growth: Revenue rose 20% YoY to $60.2 m, driven by the new Seniors Housing Operating Portfolio (SHOP) segment, which generated $12.0 m of resident fees and now represents 13% of gross real-estate investment.
- Earnings pressure: Net income fell 16% to $16.5 m and diluted EPS slid to $0.32 (-27%), weighed by a $6.7 m spike in transaction costs, the addition of SHOP operating expenses ($9.4 m) and higher G&A.
- Stable cash flow: Operating cash flow was $59.6 m (+3%), sufficient to cover common dividends of $53.6 m YTD ($0.57 per share quarterly).
- Balance-sheet moves: Revolver borrowings increased $24.2 m to $168.6 m, while senior unsecured notes were amortized by $12.4 m, holding total debt at 39% of gross assets. Cash ended at $7.6 m.
- Portfolio actions: 121 owned properties (108 triple-net, 13 SHOP). Year-to-date cap-ex $2.5 m; $3.2 m proceeds from dispositions. Twenty-one triple-net assets (gross $198 m) had lease terms extended.
- Key risks: Post-quarter Genesis Healthcare, a skilled-nursing tenant, filed Chapter 11; rent current through Aug-25 but future payments uncertain. Properties held for sale jumped to $42.5 m (vs. $0.7 m).
Overall, LTC is shifting mix toward an operating model while navigating higher costs and tenant stress. Leverage remains moderate, but earnings coverage of the dividend has tightened.