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LTC

LTC Properties, Inc.

LTC

LTC Properties, Inc. • NYSE
$36.49 ▼ -0.27% (-0.10)
Market Cap $1.66 B
52w High $38.69
52w Low $31.70
Dividend Yield 2.28%
P/E 50.68
Volume 228.36K
Outstanding Shares 45.55M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $67.436M ▲ $7.547M ▲ $-19.995M ▼ -29.65% ▼ $-0.44 ▼ $-3.013M ▼
Q2-2025 $59.33M ▲ $823K ▼ $15.092M ▼ 25.437% ▼ $0.33 ▼ $39.587M ▲
Q1-2025 $49.031M ▼ $27.368M ▼ $20.68M ▲ 42.177% ▲ $0.45 ▲ $39.296M ▲
Q4-2024 $52.582M ▼ $30.581M ▲ $18.083M ▼ 34.39% ▼ $0.4 ▼ $37.149M ▼
Q3-2024 $55.783M $22.427M $29.366M 52.643% $0.66 $49.939M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $17.933M ▲ $2.044B ▲ $999.17M ▲ $957.85M ▲
Q2-2025 $7.609M ▼ $1.795B ▲ $750.45M ▲ $957.507M ▼
Q1-2025 $23.295M ▲ $1.776B ▼ $726.207M ▼ $961.902M ▲
Q4-2024 $9.414M ▼ $1.786B ▼ $733.137M ▼ $960.627M ▲
Q3-2024 $35.04M $1.872B $830.2M $947.819M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-738K ▼ $0 ▼ $0 ▲ $0 ▲ $0 ▲ $0 ▼
Q2-2025 $16.548M ▼ $30.005M ▲ $-38.326M ▼ $-7.365M ▲ $-15.686M ▼ $28.836M ▼
Q1-2025 $22.221M ▲ $29.571M ▼ $11.629M ▼ $-27.319M ▲ $13.881M ▲ $29.571M ▼
Q4-2024 $20.764M ▼ $33.293M ▼ $50.301M ▲ $-109.22M ▼ $-25.626M ▼ $33.293M ▼
Q3-2024 $30.862M $33.853M $41.388M $-46.375M $28.866M $33.853M

Five-Year Company Overview

Income Statement

Income Statement LTC’s income statement shows a story of steady, rather than spectacular, progress. Revenue and gross profit have crept up over the last several years, and profitability has stayed generally healthy. Operating profit and net income are relatively stable, with only modest swings from year to year. Earnings per share jumped around a bit, which likely reflects one‑off items or timing effects more than big shifts in the underlying business. Overall, the income profile fits a mature, income‑oriented REIT: slow growth, solid margins, and no dramatic surprises, but not rapid expansion either.

Balance Sheet

Balance Sheet The balance sheet looks conservative for a specialized REIT. The asset base has grown over time, suggesting continued investment in properties, while shareholders’ equity has also built up, which points to retained value in the business. Debt increased earlier in the period but has started to ease back more recently, improving leverage somewhat. Cash on hand is small, which is typical for a real estate vehicle that prefers to keep capital deployed. In plain terms, LTC appears to be managing growth and debt in a measured way, without stretching the balance sheet aggressively.

Cash Flow

Cash Flow Cash flow is one of the stronger aspects of the story. Operating cash generation has been consistent and has generally improved, which is what you want to see from a rent‑driven portfolio. Free cash flow tracks closely with operating cash flow, because ongoing capital spending needs have been modest. That indicates the properties don’t require heavy reinvestment at this stage. For an income‑oriented REIT, this pattern supports the idea of predictable, recurring cash, though the shift toward more operational exposure could make future cash flows a bit more sensitive to occupancy and operating performance.

Competitive Edge

Competitive Edge LTC’s competitive position rests more on specialization and relationships than on size. It focuses squarely on senior housing and healthcare, which gives it deep familiarity with regulations, reimbursement dynamics, and operator needs. Long‑standing relationships with regional and national operators are a key asset; they can lead to repeat deals and off‑market opportunities. The company is known as a flexible capital partner, offering various financing structures instead of only plain sale‑leasebacks. On the other hand, it operates in a competitive niche with many other healthcare REITs, and it remains exposed to operator health, regulatory change, and interest‑rate conditions, so its edge is meaningful but not untouchable.

Innovation and R&D

Innovation and R&D LTC’s “innovation” is strategic and financial rather than traditional R&D. The move into a more hands‑on operating structure (the SHOP model) is a significant shift, allowing the company to share more directly in property performance instead of relying mainly on fixed rents. It is also leaning on data to track property‑level metrics, and has rolled out health‑focused building improvements and climate‑risk analysis to make the portfolio more resilient. These are thoughtful, incremental innovations rather than radical technology bets. The still‑vague “IDEA platform” hints at more data and analytics to come, but the impact will depend on execution and how well these tools actually improve returns and risk management.

Summary

Taken together, LTC looks like a steady, specialized healthcare REIT that is carefully evolving its business model. Financials show stable earnings, a gradually expanding asset base, and reliable cash flow, supported by measured use of debt. Its main strengths lie in its focus on senior care real estate, long‑term operator relationships, and flexibility in how it structures deals. The strategic move toward operating exposure and data‑driven oversight could unlock more growth, but it also introduces more complexity and potential earnings volatility. The big picture is a conservative income‑oriented platform, slowly reshaping itself to capture more upside in a changing senior housing landscape, while still facing the usual sector risks around operators, regulation, and interest rates.

NEWS

November 11, 2025 · 8:35 AM UTC

LTC Properties, Inc. (NYSE: LTC) Co-CEOS Pam Kessler and Clint Malin Interviewed by Advisor Access

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November 6, 2025 · 6:25 PM UTC

Lotus Creek Exploration Inc. Announces Third Quarter 2025 Operating Results and Operational Update

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November 4, 2025 · 4:17 PM UTC

LTC Reports 2025 Third Quarter Results

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November 3, 2025 · 9:30 AM UTC

LTC Continues to Execute on External Growth Strategy with $23 Million SHOP Acquisition

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November 3, 2025 · 3:01 AM UTC

Hyper Bit Announces That DMTC Has Commenced Mining DOGE and LTC at 11 MW Renewable Powered Datacenter Facility in Quebec

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