LTC Properties, Inc.(LTC)Earnings, Financials & Key Ratios

LTC•NYSE•REIT / Real Estate

$38.20

$1.85B mkt cap·15.2× P/E·Price updated May 6, 2026

SectorReal Estate IndustryHealthcare REITs Sub-IndustrySenior 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/Share3.35+16.2%
FFO Payout0%-100.0%
FFO per Share3.35+16.2%
NOI Margin96.87%+3.2%
FFO Margin59.29%-2.3%
ROE10.65%+15.2%
ROA6.13%+22.6%
Debt/Assets31.23%-18.5%
Net Debt/EBITDA2.55-51.3%
Book Value/Share24.97+4.9%

Technical→

LTC Key Insights

LTC Properties, Inc. (LTC) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

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

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

LTC Price & Volume

LTC Properties, Inc. (LTC) stock price & volume — 10-year historical chart

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LTC Growth Metrics

LTC Properties, Inc. (LTC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.8%

5 Years10.53%

3 Years14.49%

TTM25.26%

Profit CAGR

10 Years4.91%

5 Years4.36%

3 Years5.66%

TTM29.58%

EPS CAGR

10 Years2.65%

5 Years0.81%

3 Years0.53%

TTM22.93%

Return on Capital

10 Years7.1%

5 Years7.16%

3 Years8.53%

Last Year13.87%

LTC Recent Earnings

LTC Properties, Inc. (LTC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 7/12 qtrs (58%)●Beat Revenue 8/12 qtrs (67%)

Q1 2026Latest

Feb 24, 2026

EPS

$0.70

Est $1.30

-46.2%

Revenue

$46M

Est $84M

-45.0%

Q4 2025

Nov 4, 2025

EPS

$0.69

Est $0.65

+6.2%

Revenue

$69M

Est $84M

-17.7%

Q3 2025

Aug 4, 2025

EPS

$0.68

Est $0.67

+1.5%

Revenue

$59M

Est $57M

+3.3%

Q2 2025

May 5, 2025

EPS

$0.65

Est $0.66

-1.5%

Revenue

$49M

Est $50M

-1.6%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 24, 2026	$0.70vs $1.30-46.2%	$46Mvs $84M-45.0%
Q4 2025	Nov 4, 2025	$0.69vs $0.65+6.2%	$69Mvs $84M-17.7%
Q3 2025	Aug 4, 2025	$0.68vs $0.67+1.5%	$59Mvs $57M+3.3%
Q2 2025	May 5, 2025	$0.65vs $0.66-1.5%	$49Mvs $50M-1.6%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
NHINational Health Investors, Inc.Direct Competitor	3.54B	73.09	24.20	12.93%	36.81%	9.77%	6.22%	0.76
SBRASabra Health Care REIT, Inc.Direct Competitor	5.14B	20.38	31.84	10.15%	19.21%	5.6%	6.78%	0.90
CTRECareTrust REIT, Inc.Direct Competitor	8.76B	39.34	25.06	108.71%	80.64%	6.51%	4.5%
GMREGlobal Medical REIT Inc.Direct Competitor	94.26M	35.74	115.29	-1.79%	1.69%	0.49%		1.18
CHCTCommunity Healthcare Trust IncorporatedDirect Competitor	504.01M	17.64	227.91	4.67%	4.96%	1.41%	11.2%	1.25
VTRVentas, Inc.Product Competitor	41.26B	86.78	160.70	18.47%	4.25%	2.08%	3.19%	1.05
WELLWelltower Inc.Product Competitor	150.14B	214.30	154.17	35.82%	12.31%	3.49%	1.9%	0.49
OHIOmega Healthcare Investors, Inc.Product Competitor	13.73B	46.12	23.77	13.95%	51.02%	11.85%	6.4%	0.78

Compare LTC vs Peers

LTC Properties, Inc. (LTC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NHI

Most directly comparable listed peer for LTC.

Scale Benchmark

vs WELL

Larger-name benchmark to compare LTC against a more recognizable public peer.

Peer Set

Compare Top 5

vs NHI, SBRA, CTRE, GMRE

LTC Income Statement

LTC Properties, Inc. (LTC) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Revenue	168.06M	168.65M	185.3M	159.34M	155.32M	175.15M	197.24M	209.85M	262.85M
Revenue Growth %	4.01%	0.35%	9.88%	-14.01%	-2.52%	12.77%	12.61%	6.39%	25.26%
Property Operating Expenses	0	0	16.75M	15.06M	15.39M	15.49M	13.27M	12.93M	8.22M
Net Operating Income (NOI)	168.06M▲ 0%	168.65M▲ 0.3%	168.55M▼ 0.1%	144.27M▼ 14.4%	139.93M▼ 3.0%	159.67M▲ 14.1%	183.97M▲ 15.2%	196.92M▲ 7.0%	254.63M▲ 29.3%
NOI Margin %	100%	100%	90.96%	90.55%	90.09%	91.16%	93.27%	93.84%	96.87%
Operating Expenses	82.99M	16.43M	86.68M	48.64M	85.12M	60.59M	94.02M	104.48M	45.87M
G&A Expenses	17.51M	19.19M	18.45M	19.71M	21.46M	23.71M	24.29M	27.24M	31.12M
EBITDA	122.69M	189.77M	121.09M	134.7M	93.1M	136.58M	127.37M	128.8M	246.64M
EBITDA Margin %	73%	112.52%	65.35%	84.54%	59.94%	77.98%	64.58%	61.38%	93.83%
Depreciation & Amortization	37.61M	37.55M	39.22M	39.07M	38.3M	37.5M	37.42M	36.37M	37.87M
D&A / Revenue %	22.38%	22.27%	21.16%	24.52%	24.66%	21.41%	18.97%	17.33%	14.41%
Operating Income	85.08M▲ 0%	152.21M▲ 78.9%	81.87M▼ 46.2%	95.63M▲ 16.8%	54.81M▼ 42.7%	99.08M▲ 80.8%	89.96M▼ 9.2%	92.44M▲ 2.8%	208.77M▲ 125.8%
Operating Margin %	50.62%	90.26%	44.18%	60.02%	35.29%	56.57%	45.61%	44.05%	79.42%
Interest Expense	29.95M	30.2M	30.58M	29.7M	27.38M	31.44M	47.01M	40.34M	35.31M
Interest Coverage	2.84x	5.04x	2.68x	3.22x	2.00x	3.15x	1.91x	2.29x	5.91x
Non-Operating Income	-32.21M	-33.06M	-29.58M	-29.75M	-28.79M	-32.94M	-48.52M	-42.78M	55.67M
Pretax Income	87.34M▲ 0%	155.08M▲ 77.6%	80.87M▼ 47.9%	95.68M▲ 18.3%	56.22M▼ 41.2%	100.58M▲ 78.9%	91.46M▼ 9.1%	94.88M▲ 3.7%	117.79M▲ 24.2%
Pretax Margin %	51.97%	91.95%	43.64%	60.05%	36.2%	57.43%	46.37%	45.21%	44.81%
Income Tax	0	0	0	0	0	0	0	0	-179K
Effective Tax Rate %	0%	0%	0%	0%	0%	0%	0%	0%	-0.15%
Net Income	87.34M▲ 0%	154.98M▲ 77.4%	80.53M▼ 48.0%	95.29M▲ 18.3%	55.86M▼ 41.4%	100.02M▲ 79.1%	89.73M▼ 10.3%	91.04M▲ 1.5%	117.97M▲ 29.6%
Net Margin %	51.97%	91.9%	43.46%	59.81%	35.96%	57.11%	45.49%	43.38%	44.88%
Net Income Growth %	2.61%	77.45%	-48.04%	18.34%	-41.38%	79.06%	-10.29%	1.45%	29.58%
Funds From Operations (FFO)	124.95M▲ 0%	192.54M▲ 54.1%	119.74M▼ 37.8%	134.36M▲ 12.2%	94.16M▼ 29.9%	137.52M▲ 46.1%	127.15M▼ 7.5%	127.41M▲ 0.2%	155.85M▲ 22.3%
FFO Margin %	74.35%	114.17%	64.62%	84.33%	60.62%	78.51%	64.46%	60.71%	59.29%
FFO Growth %	3.22%	54.09%	-37.81%	12.21%	-29.92%	46.05%	-7.54%	0.2%	22.32%
FFO per Share	3.15	4.83	3.01	3.42	2.40	3.43	3.07	2.88	3.35
FFO Payout Ratio %	72.2%	46.94%	75.91%	67.18%	96.11%	66.54%	74.53%	78.9%	0%
EPS (Diluted)	2.20▲ 0%	3.89▲ 76.8%	2.02▼ 48.1%	2.42▲ 19.8%	1.41▼ 41.7%	2.48▲ 75.9%	2.16▼ 12.9%	2.04▼ 5.6%	2.52▲ 23.5%
EPS Growth %	-0.45%	76.82%	-48.07%	19.8%	-41.74%	75.89%	-12.9%	-5.56%	23.53%
EPS (Basic)	2.21	3.93	2.03	2.42	1.41	2.49	2.16	2.07	2.54
Diluted Shares Outstanding	39.64M	39.84M	39.76M	39.26M	39.16M	40.07M	41.36M	44.24M	46.56M

LTC Balance Sheet

LTC Properties, Inc. (LTC) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Assets	1.47B	1.51B	1.51B	1.46B	1.5B	1.66B	1.86B	1.79B	2.06B
Asset Growth %	5.07%	3.28%	0.04%	-3.61%	3.11%	10.05%	12.02%	-3.72%	15.45%
Real Estate & Other Assets	810K	17.43M	263.93M	266.35M	1.04B	1.02B	989.52M	927.26M	0
PP&E (Net)	1.08B	1.1B	1.11B	1.1B	0	0	0	0	1.2B
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Total Current Assets	352.6M	362.82M	121.32M	79.44M	448.48M	615.22M	846.24M	828.28M	1.62B
Cash & Equivalents	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
Other Current Assets	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
Total Liabilities	706.92M	680.65M	728.78M	683.68M	759.7M	805.8M	938.83M	733.14M	899.68M
Total Debt	667.5M	645.03M	693.39M	649.38M	722.72M	767.85M	891.32M	684.6M	643.97M
Net Debt	662.29M	642.37M	689.14M	641.61M	717.56M	757.48M	871.03M	675.19M	629.58M
Long-Term Debt	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	302.25M	144.35M	643.97M
Capital Lease Obligations	0	0	0	0	0	0	0	0	0
Total Current Liabilities	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
Deferred Revenue	706.92M	680.65M	0	0	0	0	0	0	0
Other Liabilities	-531.58M	0	0	0	0	0	0	0	255.71M
Total Equity	758.65M▲ 0%	832.97M▲ 9.8%	785.43M▼ 5.7%	775.81M▼ 1.2%	745.13M▼ 4.0%	850.31M▲ 14.1%	916.27M▲ 7.8%	1.05B▲ 14.9%	1.16B▲ 10.4%
Equity Growth %	-43.45%	9.8%	-5.71%	-1.22%	-3.95%	14.12%	7.76%	14.92%	10.39%
Shareholders Equity	755.16M	825.49M	776.94M	767.4M	736.71M	828.37M	881.28M	960.63M	1.07B
Minority Interest	3.49M	7.48M	8.48M	8.4M	8.41M	21.94M	34.99M	92.38M	87.4M
Common Stock	396K	397K	398K	392K	394K	412K	430K	455K	485K
Additional Paid-in Capital	856.99M	862.71M	867.35M	852.78M	856.89M	931.12M	991.66M	1.08B	0
Retained Earnings	-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
Return on Assets (ROA)	6.11%	10.4%	5.32%	6.41%	3.77%	6.33%	5.11%	5%	6.13%
Return on Equity (ROE)	8.32%	19.47%	9.95%	12.21%	7.35%	12.54%	10.16%	9.25%	10.65%
Debt / Assets	45.55%	42.61%	45.79%	44.49%	48.03%	46.37%	48.05%	38.33%	31.23%
Debt / Equity	0.88x	0.77x	0.88x	0.84x	0.97x	0.90x	0.97x	0.65x	0.55x
Net Debt / EBITDA	5.40x	3.39x	5.69x	4.76x	7.71x	5.55x	6.84x	5.24x	2.55x
Book Value per Share	19.14	20.91	19.75	19.76	19.03	21.22	22.15	23.80	24.97

LTC Cash Flow Statement

LTC Properties, Inc. (LTC) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	105.31M	115.53M	121.8M	116.1M	91.18M	105.59M	104.4M	125.17M	135.98M
Operating CF Growth %	-0.38%	9.71%	5.42%	-4.68%	-21.46%	15.79%	-1.12%	19.89%	8.63%
Operating CF / Revenue %	62.66%	68.51%	65.73%	72.87%	58.71%	60.28%	52.93%	59.65%	51.73%
Net Income	87.34M	155.08M	80.14M	95.68M	55.86M	100.58M	91.46M	94.88M	123.88M
Depreciation & Amortization	37.61M	37.55M	39.48M	39.07M	40.03M	37.5M	37.42M	36.37M	37.87M
Stock-Based Compensation	5.25M	5.87M	0	7.01M	7.76M	7.96M	8.48M	9.05M	9.33M
Other Non-Cash Items	-6.6M	-8.14M	8.99M	22.68M	-7.35M	-36.47M	-18.06M	-3.58M	-35.11M
Working Capital Changes	-14.79M	-3.74M	-6.8M	-8.95M	-5.11M	-3.99M	-14.9M	-11.54M	0
Cash from Investing	-92.01M	-3.61M	-77.42M	43.93M	-69.79M	-119.95M	-174.91M	90.68M	-269.94M
Acquisitions (Net)	-3.85M	-670K	965K	9.33M	0	50K	0	0	0
Purchase of Investments	-121.51M	-97.84M	-100.72M	-45.13M	0	-191.59M	0	0	0
Sale of Investments	1000K	1000K	1000K	1000K	0	1000K	0	0	0
Other Investing	-87.26M	-1.69M	0	-16.24M	-69.79M	-50K	-174.91M	90.68M	-269.94M
Cash from Financing	-16.07M	-112.38M	-44.91M	-156.5M	-24.01M	19.58M	80.42M	-226.72M	138.94M
Dividends Paid	-90.22M	-90.37M	-90.9M	-90.26M	-90.49M	-91.51M	-94.76M	-100.53M	0
Common Dividends	-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	0
Share Repurchases	0	0	0	-18.01M	-3.57M	0	0	0	0
Other Financing	1.34M	-342K	-2.36M	-4.07M	-3.78M	-3.01M	-1.69M	-1.54M	138.94M
Net Change in Cash	-2.78M▲ 0%	-449K▲ 83.8%	-520K▼ 15.8%	3.53M▲ 778.5%	-2.61M▼ 174.0%	5.22M▲ 299.8%	9.91M▲ 89.9%	-10.87M▼ 209.7%	4.97M▲ 145.7%
Exchange Rate Effect	0	0	0	0	0	0	0	0	0
Cash at Beginning	7.99M	5.21M	4.76M	4.24M	7.77M	5.16M	10.38M	20.29M	9.41M
Cash at End	5.21M	4.76M	4.24M	7.77M	5.16M	10.38M	20.29M	9.41M	14.39M
Free Cash Flow	104.4M▲ 0%	114.29M▲ 9.5%	118.96M▲ 4.1%	115.75M▼ 2.7%	91.18M▼ 21.2%	96.59M▲ 5.9%	104.4M▲ 8.1%	125.17M▲ 19.9%	135.98M▲ 8.6%
FCF Growth %	0.09%	9.47%	4.09%	-2.7%	-21.22%	5.93%	8.09%	19.89%	8.63%
FCF / Revenue %	62.12%	67.77%	64.2%	72.64%	58.71%	55.15%	52.93%	59.65%	51.73%

LTC Key Ratios

LTC Properties, Inc. (LTC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet 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 SEC Filings & Documents

LTC Properties, Inc. (LTC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Feb 24, 2026·SEC

Material company update

Dec 15, 2025·SEC

Material company update

Nov 4, 2025·SEC

10-K Annual Reports

FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 24, 2025·SEC

FY 2024

Feb 15, 2024·SEC

10-Q Quarterly Reports

FY 2025

Nov 4, 2025·SEC

FY 2025

Aug 4, 2025·SEC

FY 2025

May 5, 2025·SEC

LTC Frequently Asked Questions

LTC Properties, Inc. (LTC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

LTC Properties, Inc. (LTC) reported $262.9M in revenue for fiscal year 2025. This represents a 379% increase from $54.9M in 1996.

LTC Properties, Inc. (LTC) grew revenue by 25.3% over the past year. This is strong growth.

Yes, LTC Properties, Inc. (LTC) is profitable, generating $118.0M in net income for fiscal year 2025 (44.9% net margin).

Dividend & Returns

LTC Properties, Inc. (LTC) has a return on equity (ROE) of 10.7%. This is reasonable for most industries.

Industry Metrics

LTC Properties, Inc. (LTC) generated Funds From Operations (FFO) of $155.8M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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LTC Properties, Inc. (LTC) financial analysis — history, returns, DCA and operating performance tools

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LTC Properties, Inc.(LTC)Earnings, Financials & Key Ratios

LTC Key Insights

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✗Weaknesses

LTC Price & Volume

LTC Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

LTC Recent Earnings

LTC Peer Comparison

Compare LTC vs Peers

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vs WELL

Compare Top 5

LTC Income Statement

LTC Balance Sheet

LTC Cash Flow Statement

LTC Key Ratios

LTC SEC Filings & Documents

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10-K Annual Reports

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