LTC Properties, Inc. (LTC) 10-Year Financial Performance & Capital Metrics

LTC • • REIT / Real Estate

Real EstateHealthcare REITsSenior housing and skilled nursing

AboutLTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds 181 investments in 27 states with 29 operating partners. The portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties.Show more

Revenue $263M +25.3%
FFO $156M +22.3%
FFO/Share 3.35 +16.2%
FFO Payout 0% -100.0%
FFO per Share 3.35 +16.2%
NOI Margin 96.87% +3.2%
FFO Margin 59.29% -2.3%
ROE 10.65% +15.2%
ROA 6.13% +22.6%
Debt/Assets 31.23% -18.5%
Net Debt/EBITDA 2.55 -51.3%
Book Value/Share 24.97 +4.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓FFO growing 22.3% TTM
✓High NOI margin of 96.9%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y6.8%

5Y10.53%

3Y14.49%

TTM25.26%

Profit (Net Income) CAGR

10Y4.91%

5Y4.36%

3Y5.66%

TTM29.58%

EPS CAGR

10Y2.65%

5Y0.81%

3Y0.53%

TTM22.93%

ROCE

10Y Avg7.1%

5Y Avg7.16%

3Y Avg8.53%

Latest13.87%

Peer Comparison

Senior housing and skilled nursing

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OHIOmega Healthcare Investors, Inc.	13.47B	48.27	31.14	10.7%	50.19%	10.98%	5.56%	1.02
NHINational Health Investors, Inc.	4.06B	84.07	27.84	12.07%	380.47%	92.81%	5.83%
CTRECareTrust REIT, Inc.	9.05B	40.62	25.87	108.71%	80.64%	6.51%	4.35%
STRWStrawberry Fields REIT LLC	167.94M	12.80	22.46	17.29%	4.83%	11.22%	21.04%	8.04
LTCLTC Properties, Inc.	1.92B	39.68	15.75	25.26%	44.88%	10.15%	7.07%	0.55
SBRASabra Health Care REIT, Inc.	5.17B	20.55		10.15%	19.99%	5.48%	6.74%	0.45

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue+	161.58M	168.06M	168.65M	185.3M	159.34M	155.32M	175.15M	197.24M	209.85M	262.85M
Revenue Growth %	18.63%	4.01%	0.35%	9.88%	-14.01%	-2.52%	12.77%	12.61%	6.39%	25.26%
Property Operating Expenses	26.44M	0	0	16.75M	15.06M	15.39M	15.49M	13.27M	12.93M	8.22M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	51.16M	82.99M	16.43M	86.68M	48.64M	85.12M	60.59M	94.02M	104.48M	45.87M
G&A Expenses	17.41M	17.51M	19.19M	18.45M	19.71M	21.46M	23.71M	24.29M	27.24M	31.12M
EBITDA+	119.91M	122.69M	189.77M	121.09M	134.7M	93.1M	136.58M	127.37M	128.8M	246.64M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	35.93M	37.61M	37.55M	39.22M	39.07M	38.3M	37.5M	37.42M	36.37M	37.87M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	83.98M	85.08M	152.21M	81.87M	95.63M	54.81M	99.08M	89.96M	92.44M	208.77M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	26.44M	29.95M	30.2M	30.58M	29.7M	27.38M	31.44M	47.01M	40.34M	35.31M
Interest Coverage	3.18x	2.84x	5.04x	2.68x	3.22x	2.00x	3.15x	1.91x	2.29x	5.91x
Non-Operating Income	-27.58M	-32.21M	-33.06M	-29.58M	-29.75M	-28.79M	-32.94M	-48.52M	-42.78M	55.67M
Pretax Income+	85.11M	87.34M	155.08M	80.87M	95.68M	56.22M	100.58M	91.46M	94.88M	117.79M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	0	0	0	0	0	0	0	0	-179K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	85.11M	87.34M	154.98M	80.53M	95.29M	55.86M	100.02M	89.73M	91.04M	117.97M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	16.47%	2.61%	77.45%	-48.04%	18.34%	-41.38%	79.06%	-10.29%	1.45%	29.58%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	18.08%	3.22%	54.09%	-37.81%	12.21%	-29.92%	46.05%	-7.54%	0.2%	22.32%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	2.21	2.20	3.89	2.02	2.42	1.41	2.48	2.16	2.04	2.52
EPS Growth %	13.92%	-0.45%	76.82%	-48.07%	19.8%	-41.74%	75.89%	-12.9%	-5.56%	23.53%
EPS (Basic)	2.21	2.21	3.93	2.03	2.42	1.41	2.49	2.16	2.07	2.54
Diluted Shares Outstanding	38.6M	39.64M	39.84M	39.76M	39.26M	39.16M	40.07M	41.36M	44.24M	46.56M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets+	1.39B	1.47B	1.51B	1.51B	1.46B	1.5B	1.66B	1.86B	1.79B	2.06B
Asset Growth %	9.37%	5.07%	3.28%	0.04%	-3.61%	3.11%	10.05%	12.02%	-3.72%	15.45%
Real Estate & Other Assets+	1.03B	810K	17.43M	263.93M	266.35M	1.04B	1.02B	989.52M	927.26M	0
PP&E (Net)	1.03B	1.08B	1.1B	1.11B	1.1B	0	0	0	0	1.2B
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Total Current Assets+	342.13M	352.6M	362.82M	121.32M	79.44M	448.48M	615.22M	846.24M	828.28M	1.62B
Cash & Equivalents	7.99M	5.21M	2.66M	4.24M	7.77M	5.16M	10.38M	20.29M	9.41M	14.39M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	245.39M	2.11M	71.37M	47.21M	0	389K	-2.42M	15.22M	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Total Liabilities	654.85M	706.92M	680.65M	728.78M	683.68M	759.7M	805.8M	938.83M	733.14M	899.68M
Total Debt+	609.39M	667.5M	645.03M	693.39M	649.38M	722.72M	767.85M	891.32M	684.6M	643.97M
Net Debt	601.4M	662.29M	642.37M	689.14M	641.61M	717.56M	757.48M	871.03M	675.19M	629.58M
Long-Term Debt	609.39M	667.5M	645.03M	693.39M	649.38M	722.72M	767.85M	589.07M	540.25M	0
Short-Term Borrowings	0	0	0	0	0	0	0	302.25M	144.35M	643.97M
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Total Current Liabilities+	45.46M	39.42M	35.62M	35.4M	34.3M	36.98M	37.94M	349.76M	192.89M	643.97M
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Deferred Revenue	654.85M	706.92M	680.65M	0	0	0	0	0	0	0
Other Liabilities	-456.83M	-531.58M	0	0	0	0	0	0	0	255.71M
Total Equity+	1.34B	758.65M	832.97M	785.43M	775.81M	745.13M	850.31M	916.27M	1.05B	1.16B
Equity Growth %	103.5%	-43.45%	9.8%	-5.71%	-1.22%	-3.95%	14.12%	7.76%	14.92%	10.39%
Shareholders Equity	740.05M	755.16M	825.49M	776.94M	767.4M	736.71M	828.37M	881.28M	960.63M	1.07B
Minority Interest	601.4M	3.49M	7.48M	8.48M	8.4M	8.41M	21.94M	34.99M	92.38M	87.4M
Common Stock	392K	396K	397K	398K	392K	394K	412K	430K	455K	485K
Additional Paid-in Capital	839M	856.99M	862.71M	867.35M	852.78M	856.89M	931.12M	991.66M	1.08B	0
Retained Earnings	-99.35M	-102.23M	-37.62M	0	0	-120.4M	-111.89M	-116.92M	-126.41M	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0
Return on Assets (ROA)	6.37%	6.11%	10.4%	5.32%	6.41%	3.77%	6.33%	5.11%	5%	6.13%
Return on Equity (ROE)	8.51%	8.32%	19.47%	9.95%	12.21%	7.35%	12.54%	10.16%	9.25%	10.65%
Debt / Assets	43.69%	45.55%	42.61%	45.79%	44.49%	48.03%	46.37%	48.05%	38.33%	31.23%
Debt / Equity	0.45x	0.88x	0.77x	0.88x	0.84x	0.97x	0.90x	0.97x	0.65x	0.55x
Net Debt / EBITDA	5.02x	5.40x	3.39x	5.69x	4.76x	7.71x	5.55x	6.84x	5.24x	2.55x
Book Value per Share	34.76	19.14	20.91	19.75	19.76	19.03	21.22	22.15	23.80	24.97

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	105.71M	105.31M	115.53M	121.8M	116.1M	91.18M	105.59M	104.4M	125.17M	135.98M
Operating CF Growth %	3.29%	-0.38%	9.71%	5.42%	-4.68%	-21.46%	15.79%	-1.12%	19.89%	8.63%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	85.11M	87.34M	155.08M	80.14M	95.68M	55.86M	100.58M	91.46M	94.88M	123.88M
Depreciation & Amortization	35.93M	37.61M	37.55M	39.48M	39.07M	40.03M	37.5M	37.42M	36.37M	37.87M
Stock-Based Compensation	4.28M	5.25M	5.87M	0	7.01M	7.76M	7.96M	8.48M	9.05M	9.33M
Other Non-Cash Items	-9.63M	-6.6M	-8.14M	8.99M	22.68M	-7.35M	-36.47M	-18.06M	-3.58M	-35.11M
Working Capital Changes	-8.19M	-14.79M	-3.74M	-6.8M	-8.95M	-5.11M	-3.99M	-14.9M	-11.54M	0
Cash from Investing+	-139.9M	-92.01M	-3.61M	-77.42M	43.93M	-69.79M	-119.95M	-174.91M	90.68M	-269.94M
Acquisitions (Net)	-1.77M	-3.85M	-670K	965K	9.33M	0	50K	0	0	0
Purchase of Investments	-157.44M	-121.51M	-97.84M	-100.72M	-45.13M	0	-191.59M	0	0	0
Sale of Investments	1000K	1000K	1000K	1000K	1000K	0	1000K	0	0	0
Other Investing	-136.72M	-87.26M	-1.69M	0	-16.24M	-69.79M	-50K	-174.91M	90.68M	-269.94M
Cash from Financing+	29.24M	-16.07M	-112.38M	-44.91M	-156.5M	-24.01M	19.58M	80.42M	-226.72M	138.94M
Dividends Paid	-84.57M	-90.22M	-90.37M	-90.9M	-90.26M	-90.49M	-91.51M	-94.76M	-100.53M	0
Common Dividends	-84.57M	-90.22M	-90.37M	0	-90.26M	-90.49M	-91.51M	-94.76M	-100.53M	0
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	-1000K	1000K	1000K	1000K	-1000K	0
Share Repurchases	0	0	0	0	-18.01M	-3.57M	0	0	0	0
Other Financing	-2.22M	1.34M	-342K	-2.36M	-4.07M	-3.78M	-3.01M	-1.69M	-1.54M	138.94M
Net Change in Cash+	-4.95M	-2.78M	-449K	-520K	3.53M	-2.61M	5.22M	9.91M	-10.87M	4.97M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	12.94M	7.99M	5.21M	4.76M	4.24M	7.77M	5.16M	10.38M	20.29M	9.41M
Cash at End	7.99M	5.21M	4.76M	4.24M	7.77M	5.16M	10.38M	20.29M	9.41M	14.39M
Free Cash Flow+	104.3M	104.4M	114.29M	118.96M	115.75M	91.18M	96.59M	104.4M	125.17M	135.98M
FCF Growth %	2.74%	0.09%	9.47%	4.09%	-2.7%	-21.22%	5.93%	8.09%	19.89%	8.63%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
FFO per Share	3.14	3.15	4.83	3.01	3.42	2.4	3.43	3.07	2.88	3.35
FFO Payout Ratio	69.86%	72.2%	46.94%	75.91%	67.18%	96.11%	66.54%	74.53%	78.9%	0%
NOI Margin	83.64%	100%	100%	90.96%	90.55%	90.09%	91.16%	93.27%	93.84%	96.87%
Net Debt / EBITDA	5.02x	5.40x	3.39x	5.69x	4.76x	7.71x	5.55x	6.84x	5.24x	2.55x
Debt / Assets	43.69%	45.55%	42.61%	45.79%	44.49%	48.03%	46.37%	48.05%	38.33%	31.23%
Interest Coverage	3.18x	2.84x	5.04x	2.68x	3.22x	2.00x	3.15x	1.91x	2.29x	5.91x
Book Value / Share	34.76	19.14	20.91	19.75	19.76	19.03	21.22	22.15	23.8	24.97
Revenue Growth	18.63%	4.01%	0.35%	9.88%	-14.01%	-2.52%	12.77%	12.61%	6.39%	25.26%

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LTC Properties, Inc. (LTC) 10-Year Financial Performance & Capital Metrics

LTC • • REIT / Real Estate

Real EstateHealthcare REITsSenior housing and skilled nursing

Revenue $263M +25.3%
FFO $156M +22.3%
FFO/Share 3.35 +16.2%
FFO Payout 0% -100.0%
FFO per Share 3.35 +16.2%
NOI Margin 96.87% +3.2%
FFO Margin 59.29% -2.3%
ROE 10.65% +15.2%
ROA 6.13% +22.6%
Debt/Assets 31.23% -18.5%
Net Debt/EBITDA 2.55 -51.3%
Book Value/Share 24.97 +4.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓FFO growing 22.3% TTM
✓High NOI margin of 96.9%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y6.8%

5Y10.53%

3Y14.49%

TTM25.26%

Profit (Net Income) CAGR

10Y4.91%

5Y4.36%

3Y5.66%

TTM29.58%

EPS CAGR

10Y2.65%

5Y0.81%

3Y0.53%

TTM22.93%

ROCE

10Y Avg7.1%

5Y Avg7.16%

3Y Avg8.53%

Latest13.87%

Peer Comparison

Senior housing and skilled nursing

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OHIOmega Healthcare Investors, Inc.	13.47B	48.27	31.14	10.7%	50.19%	10.98%	5.56%	1.02
NHINational Health Investors, Inc.	4.06B	84.07	27.84	12.07%	380.47%	92.81%	5.83%
CTRECareTrust REIT, Inc.	9.05B	40.62	25.87	108.71%	80.64%	6.51%	4.35%
STRWStrawberry Fields REIT LLC	167.94M	12.80	22.46	17.29%	4.83%	11.22%	21.04%	8.04
LTCLTC Properties, Inc.	1.92B	39.68	15.75	25.26%	44.88%	10.15%	7.07%	0.55
SBRASabra Health Care REIT, Inc.	5.17B	20.55		10.15%	19.99%	5.48%	6.74%	0.45

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue+	161.58M	168.06M	168.65M	185.3M	159.34M	155.32M	175.15M	197.24M	209.85M	262.85M
Revenue Growth %	18.63%	4.01%	0.35%	9.88%	-14.01%	-2.52%	12.77%	12.61%	6.39%	25.26%
Property Operating Expenses	26.44M	0	0	16.75M	15.06M	15.39M	15.49M	13.27M	12.93M	8.22M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	51.16M	82.99M	16.43M	86.68M	48.64M	85.12M	60.59M	94.02M	104.48M	45.87M
G&A Expenses	17.41M	17.51M	19.19M	18.45M	19.71M	21.46M	23.71M	24.29M	27.24M	31.12M
EBITDA+	119.91M	122.69M	189.77M	121.09M	134.7M	93.1M	136.58M	127.37M	128.8M	246.64M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	35.93M	37.61M	37.55M	39.22M	39.07M	38.3M	37.5M	37.42M	36.37M	37.87M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	83.98M	85.08M	152.21M	81.87M	95.63M	54.81M	99.08M	89.96M	92.44M	208.77M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	26.44M	29.95M	30.2M	30.58M	29.7M	27.38M	31.44M	47.01M	40.34M	35.31M
Interest Coverage	3.18x	2.84x	5.04x	2.68x	3.22x	2.00x	3.15x	1.91x	2.29x	5.91x
Non-Operating Income	-27.58M	-32.21M	-33.06M	-29.58M	-29.75M	-28.79M	-32.94M	-48.52M	-42.78M	55.67M
Pretax Income+	85.11M	87.34M	155.08M	80.87M	95.68M	56.22M	100.58M	91.46M	94.88M	117.79M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	0	0	0	0	0	0	0	0	-179K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	85.11M	87.34M	154.98M	80.53M	95.29M	55.86M	100.02M	89.73M	91.04M	117.97M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	16.47%	2.61%	77.45%	-48.04%	18.34%	-41.38%	79.06%	-10.29%	1.45%	29.58%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	18.08%	3.22%	54.09%	-37.81%	12.21%	-29.92%	46.05%	-7.54%	0.2%	22.32%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	2.21	2.20	3.89	2.02	2.42	1.41	2.48	2.16	2.04	2.52
EPS Growth %	13.92%	-0.45%	76.82%	-48.07%	19.8%	-41.74%	75.89%	-12.9%	-5.56%	23.53%
EPS (Basic)	2.21	2.21	3.93	2.03	2.42	1.41	2.49	2.16	2.07	2.54
Diluted Shares Outstanding	38.6M	39.64M	39.84M	39.76M	39.26M	39.16M	40.07M	41.36M	44.24M	46.56M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets+	1.39B	1.47B	1.51B	1.51B	1.46B	1.5B	1.66B	1.86B	1.79B	2.06B
Asset Growth %	9.37%	5.07%	3.28%	0.04%	-3.61%	3.11%	10.05%	12.02%	-3.72%	15.45%
Real Estate & Other Assets+	1.03B	810K	17.43M	263.93M	266.35M	1.04B	1.02B	989.52M	927.26M	0
PP&E (Net)	1.03B	1.08B	1.1B	1.11B	1.1B	0	0	0	0	1.2B
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Total Current Assets+	342.13M	352.6M	362.82M	121.32M	79.44M	448.48M	615.22M	846.24M	828.28M	1.62B
Cash & Equivalents	7.99M	5.21M	2.66M	4.24M	7.77M	5.16M	10.38M	20.29M	9.41M	14.39M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	245.39M	2.11M	71.37M	47.21M	0	389K	-2.42M	15.22M	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Total Liabilities	654.85M	706.92M	680.65M	728.78M	683.68M	759.7M	805.8M	938.83M	733.14M	899.68M
Total Debt+	609.39M	667.5M	645.03M	693.39M	649.38M	722.72M	767.85M	891.32M	684.6M	643.97M
Net Debt	601.4M	662.29M	642.37M	689.14M	641.61M	717.56M	757.48M	871.03M	675.19M	629.58M
Long-Term Debt	609.39M	667.5M	645.03M	693.39M	649.38M	722.72M	767.85M	589.07M	540.25M	0
Short-Term Borrowings	0	0	0	0	0	0	0	302.25M	144.35M	643.97M
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Total Current Liabilities+	45.46M	39.42M	35.62M	35.4M	34.3M	36.98M	37.94M	349.76M	192.89M	643.97M
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Deferred Revenue	654.85M	706.92M	680.65M	0	0	0	0	0	0	0
Other Liabilities	-456.83M	-531.58M	0	0	0	0	0	0	0	255.71M
Total Equity+	1.34B	758.65M	832.97M	785.43M	775.81M	745.13M	850.31M	916.27M	1.05B	1.16B
Equity Growth %	103.5%	-43.45%	9.8%	-5.71%	-1.22%	-3.95%	14.12%	7.76%	14.92%	10.39%
Shareholders Equity	740.05M	755.16M	825.49M	776.94M	767.4M	736.71M	828.37M	881.28M	960.63M	1.07B
Minority Interest	601.4M	3.49M	7.48M	8.48M	8.4M	8.41M	21.94M	34.99M	92.38M	87.4M
Common Stock	392K	396K	397K	398K	392K	394K	412K	430K	455K	485K
Additional Paid-in Capital	839M	856.99M	862.71M	867.35M	852.78M	856.89M	931.12M	991.66M	1.08B	0
Retained Earnings	-99.35M	-102.23M	-37.62M	0	0	-120.4M	-111.89M	-116.92M	-126.41M	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0
Return on Assets (ROA)	6.37%	6.11%	10.4%	5.32%	6.41%	3.77%	6.33%	5.11%	5%	6.13%
Return on Equity (ROE)	8.51%	8.32%	19.47%	9.95%	12.21%	7.35%	12.54%	10.16%	9.25%	10.65%
Debt / Assets	43.69%	45.55%	42.61%	45.79%	44.49%	48.03%	46.37%	48.05%	38.33%	31.23%
Debt / Equity	0.45x	0.88x	0.77x	0.88x	0.84x	0.97x	0.90x	0.97x	0.65x	0.55x
Net Debt / EBITDA	5.02x	5.40x	3.39x	5.69x	4.76x	7.71x	5.55x	6.84x	5.24x	2.55x
Book Value per Share	34.76	19.14	20.91	19.75	19.76	19.03	21.22	22.15	23.80	24.97

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	105.71M	105.31M	115.53M	121.8M	116.1M	91.18M	105.59M	104.4M	125.17M	135.98M
Operating CF Growth %	3.29%	-0.38%	9.71%	5.42%	-4.68%	-21.46%	15.79%	-1.12%	19.89%	8.63%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	85.11M	87.34M	155.08M	80.14M	95.68M	55.86M	100.58M	91.46M	94.88M	123.88M
Depreciation & Amortization	35.93M	37.61M	37.55M	39.48M	39.07M	40.03M	37.5M	37.42M	36.37M	37.87M
Stock-Based Compensation	4.28M	5.25M	5.87M	0	7.01M	7.76M	7.96M	8.48M	9.05M	9.33M
Other Non-Cash Items	-9.63M	-6.6M	-8.14M	8.99M	22.68M	-7.35M	-36.47M	-18.06M	-3.58M	-35.11M
Working Capital Changes	-8.19M	-14.79M	-3.74M	-6.8M	-8.95M	-5.11M	-3.99M	-14.9M	-11.54M	0
Cash from Investing+	-139.9M	-92.01M	-3.61M	-77.42M	43.93M	-69.79M	-119.95M	-174.91M	90.68M	-269.94M
Acquisitions (Net)	-1.77M	-3.85M	-670K	965K	9.33M	0	50K	0	0	0
Purchase of Investments	-157.44M	-121.51M	-97.84M	-100.72M	-45.13M	0	-191.59M	0	0	0
Sale of Investments	1000K	1000K	1000K	1000K	1000K	0	1000K	0	0	0
Other Investing	-136.72M	-87.26M	-1.69M	0	-16.24M	-69.79M	-50K	-174.91M	90.68M	-269.94M
Cash from Financing+	29.24M	-16.07M	-112.38M	-44.91M	-156.5M	-24.01M	19.58M	80.42M	-226.72M	138.94M
Dividends Paid	-84.57M	-90.22M	-90.37M	-90.9M	-90.26M	-90.49M	-91.51M	-94.76M	-100.53M	0
Common Dividends	-84.57M	-90.22M	-90.37M	0	-90.26M	-90.49M	-91.51M	-94.76M	-100.53M	0
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	-1000K	1000K	1000K	1000K	-1000K	0
Share Repurchases	0	0	0	0	-18.01M	-3.57M	0	0	0	0
Other Financing	-2.22M	1.34M	-342K	-2.36M	-4.07M	-3.78M	-3.01M	-1.69M	-1.54M	138.94M
Net Change in Cash+	-4.95M	-2.78M	-449K	-520K	3.53M	-2.61M	5.22M	9.91M	-10.87M	4.97M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	12.94M	7.99M	5.21M	4.76M	4.24M	7.77M	5.16M	10.38M	20.29M	9.41M
Cash at End	7.99M	5.21M	4.76M	4.24M	7.77M	5.16M	10.38M	20.29M	9.41M	14.39M
Free Cash Flow+	104.3M	104.4M	114.29M	118.96M	115.75M	91.18M	96.59M	104.4M	125.17M	135.98M
FCF Growth %	2.74%	0.09%	9.47%	4.09%	-2.7%	-21.22%	5.93%	8.09%	19.89%	8.63%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
FFO per Share	3.14	3.15	4.83	3.01	3.42	2.4	3.43	3.07	2.88	3.35
FFO Payout Ratio	69.86%	72.2%	46.94%	75.91%	67.18%	96.11%	66.54%	74.53%	78.9%	0%
NOI Margin	83.64%	100%	100%	90.96%	90.55%	90.09%	91.16%	93.27%	93.84%	96.87%
Net Debt / EBITDA	5.02x	5.40x	3.39x	5.69x	4.76x	7.71x	5.55x	6.84x	5.24x	2.55x
Debt / Assets	43.69%	45.55%	42.61%	45.79%	44.49%	48.03%	46.37%	48.05%	38.33%	31.23%
Interest Coverage	3.18x	2.84x	5.04x	2.68x	3.22x	2.00x	3.15x	1.91x	2.29x	5.91x
Book Value / Share	34.76	19.14	20.91	19.75	19.76	19.03	21.22	22.15	23.8	24.97
Revenue Growth	18.63%	4.01%	0.35%	9.88%	-14.01%	-2.52%	12.77%	12.61%	6.39%	25.26%

LTC Properties, Inc. (LTC) 10-Year Financial Performance & Capital Metrics

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Price & Volume

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Revenue History

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LTC Properties, Inc. (LTC) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare LTC vs Peers

vs OHI

vs CTRE

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios