LTC Properties, Inc. (LTC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 95.54M | 84.29M | 69.29M | 60.24M | 49.03M | 52.58M | 55.78M | 50.12M | 51.37M | 50.2M | 49.3M | 48.25M | 49.5M | 47.84M | 43.5M | 43.02M | 40.79M | 39.44M | 37.47M | 38.13M |
| Revenue Growth % | 94.86% | 60.31% | 24.21% | 20.2% | -4.55% | 4.76% | 13.14% | 3.88% | 3.77% | 4.92% | 13.33% | 12.14% | 21.36% | 21.29% | 16.09% | 12.84% | 1.26% | -14.76% | -1.84% | 33.88% |
| Property Operating Expenses | 63.5M | 30.11M | 19.94M | 12.21M | 3.11M | 3.11M | 3.19M | 3.25M | 3.38M | 3.52M | 3.27M | 3.19M | 3.29M | 3.31M | 4.18M | 4.02M | 3.98M | 3.68M | 3.93M | 3.8M |
| Net Operating Income (NOI) | 32.04M | 54.19M | 49.35M | 48.03M | 45.92M | 49.47M | 52.6M | 46.87M | 47.98M | 46.68M | 46.03M | 45.06M | 46.21M | 44.53M | 39.32M | 39.01M | 36.8M | 35.76M | 33.54M | 34.33M |
| NOI Margin % | 33.53% | 64.28% | 71.22% | 79.72% | 93.66% | 94.08% | 94.29% | 93.52% | 93.41% | 92.99% | 93.37% | 93.39% | 93.35% | 93.09% | 90.39% | 90.66% | 90.24% | 90.67% | 89.51% | 90.03% |
| Operating Expenses | -3.52M | 9.05M | 16.71M | 17.61M | 27.37M | 30.58M | 22.43M | 27.8M | 23.67M | 18.38M | 23.78M | 38.83M | 13.02M | 26.71M | 26.31M | -15.11M | 22.67M | 23.21M | 22.8M | 16.38M |
| G&A Expenses | 0 | 9.05M | 7.52M | 8.45M | 6.97M | 7.23M | 6.76M | 6.76M | 6.49M | 5.94M | 5.96M | 6.09M | 6.29M | 6.3M | 5.89M | 5.71M | 5.81M | 5.77M | 5.32M | 5.34M |
| EBITDA | 47.67M | 56.08M | 41.62M | 39.19M | 27.72M | 28.08M | 39.22M | 28.09M | 33.41M | 37.62M | 31.75M | 15.6M | 42.4M | 27.11M | 22.4M | 63.49M | 23.57M | 22M | 20.2M | 27.46M |
| EBITDA Margin % | 49.9% | 66.53% | 60.07% | 65.06% | 56.53% | 53.4% | 70.32% | 56.05% | 65.04% | 74.96% | 64.4% | 32.34% | 85.65% | 56.68% | 51.49% | 147.58% | 57.79% | 55.79% | 53.91% | 72.02% |
| Depreciation & Amortization | 12.11M | 10.95M | 8.99M | 8.78M | 9.16M | 9.19M | 9.05M | 9.02M | 9.1M | 9.33M | 9.5M | 9.38M | 9.21M | 9.29M | 9.38M | 9.38M | 9.44M | 9.45M | 9.46M | 9.51M |
| D&A / Revenue % | 12.68% | 12.99% | 12.97% | 14.57% | 18.69% | 17.49% | 16.23% | 18.01% | 17.71% | 18.59% | 19.27% | 19.43% | 18.61% | 19.43% | 21.57% | 21.8% | 23.14% | 23.96% | 25.25% | 24.94% |
| Operating Income | 35.56M | 45.13M | 32.63M | 30.42M | 18.56M | 18.89M | 30.17M | 19.07M | 24.31M | 28.29M | 22.25M | 6.23M | 33.19M | 17.82M | 13.01M | 54.11M | 14.13M | 12.55M | 10.74M | 17.95M |
| Operating Margin % | 37.22% | 53.55% | 47.1% | 50.49% | 37.85% | 35.92% | 54.08% | 38.05% | 47.33% | 56.37% | 45.13% | 12.91% | 67.04% | 37.25% | 29.91% | 125.78% | 34.65% | 31.83% | 28.66% | 47.09% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 3.32x | 10.81x | -1.10x | 3.05x | 3.81x | 3.34x | 4.08x | 2.81x | 3.24x | 3.31x | 2.79x | 1.58x | 4.16x | 3.06x | 2.69x | 8.24x | 3.03x | 2.86x | 2.68x | 3.67x |
| Non-Operating Income | -285K | -69.32M | 42.34M | 5.93M | -11.58M | -9.07M | -10.71M | -11.57M | -11.42M | -12.8M | -13.05M | -11.69M | -10.98M | -9.21M | -8.32M | -7.9M | -7.52M | -7.31M | -6.99M | -7.24M |
| Pretax Income | 25.07M | 103.87M | -18.5M | 16.47M | 22.22M | 19.59M | 30.86M | 19.74M | 24.69M | 28.67M | 22.63M | 6.6M | 33.56M | 18.2M | 13.39M | 54.49M | 14.51M | 12.93M | 11.11M | 18.33M |
| Pretax Margin % | 26.24% | 123.22% | -26.7% | 27.34% | 45.32% | 37.26% | 55.33% | 39.38% | 48.06% | 57.12% | 45.89% | 13.69% | 67.8% | 38.04% | 30.78% | 126.65% | 35.57% | 32.78% | 29.66% | 48.07% |
| Income Tax | 110K | 218K | 42K | -81K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0.44% | 0.21% | -0.23% | -0.49% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 23.59M | 102.19M | -20M | 15.09M | 20.68M | 18.08M | 29.37M | 19.36M | 24.23M | 28.23M | 22.2M | 6.17M | 33.13M | 17.94M | 13.29M | 54.38M | 14.41M | 12.84M | 11.02M | 18.24M |
| Net Margin % | 24.69% | 121.24% | -28.86% | 25.05% | 42.18% | 34.39% | 52.64% | 38.63% | 47.17% | 56.24% | 45.02% | 12.8% | 66.94% | 37.5% | 30.55% | 126.4% | 35.33% | 32.55% | 29.41% | 47.83% |
| Net Income Growth % | 14.09% | 465.14% | -168.09% | -22.05% | -14.65% | -35.94% | 32.3% | 213.59% | -26.87% | 57.37% | 67.02% | -88.65% | 129.91% | 39.73% | 20.58% | 198.17% | 4.72% | -26.94% | -9.78% | 875.35% |
| Funds From Operations (FFO) | 35.7M | 113.14M | -11.01M | 23.87M | 29.84M | 27.28M | 38.42M | 28.39M | 33.33M | 37.56M | 31.7M | 15.55M | 42.34M | 27.23M | 22.68M | 63.76M | 23.85M | 22.29M | 20.48M | 27.75M |
| FFO Margin % | 37.37% | 134.23% | -15.89% | 39.62% | 60.86% | 51.88% | 68.87% | 56.64% | 64.88% | 74.83% | 64.29% | 32.23% | 85.54% | 56.93% | 52.12% | 148.2% | 58.47% | 56.51% | 54.66% | 72.77% |
| FFO Growth % | 19.64% | 314.8% | -128.65% | -15.91% | -10.45% | -27.38% | 21.21% | 82.54% | -21.3% | 37.92% | 39.78% | -75.61% | 77.54% | 22.19% | 10.7% | 129.8% | 0.89% | -18.7% | -6.82% | 137.82% |
| FFO per Share | 0.73 | 2.43 | -0.24 | 0.52 | 0.65 | 0.60 | 0.87 | 0.65 | 0.77 | 0.89 | 0.77 | 0.38 | 1.03 | 0.67 | 0.56 | 1.61 | 0.61 | 0.57 | 0.52 | 0.71 |
| FFO Payout Ratio % | 81.7% | 24.2% | -240.33% | 110.18% | 91.34% | 94.75% | 65.8% | 87.32% | 73.87% | 63.89% | 74.47% | 151.76% | 55.65% | 85.58% | 101.82% | 35.5% | 94.26% | 100.7% | 109.56% | 80.87% |
| EPS (Diluted) | 0.48 | 2.19 | -0.44 | 0.32 | 0.45 | 0.39 | 0.66 | 0.44 | 0.56 | 0.67 | 0.54 | 0.15 | 0.80 | 0.44 | 0.32 | 1.36 | 0.36 | 0.32 | 0.28 | 0.46 |
| EPS Growth % | 6.67% | 461.54% | -166.67% | -27.27% | -19.64% | -41.79% | 22.22% | 193.33% | -30% | 52.27% | 68.75% | -88.97% | 122.22% | 37.5% | 14.29% | 195.65% | 2.86% | -28.89% | -9.68% | 913.22% |
| EPS (Basic) | 0.48 | 2.21 | -0.44 | 0.33 | 0.45 | 0.40 | 0.66 | 0.44 | 0.56 | 0.67 | 0.54 | 0.15 | 0.80 | 0.44 | 0.33 | 1.37 | 0.36 | 0.32 | 0.28 | 0.46 |
| Diluted Shares Outstanding | 48.97M | 46.56M | 46.12M | 46.03M | 45.68M | 45.52M | 44.39M | 43.46M | 43.03M | 42.05M | 41.21M | 41.23M | 41.19M | 40.77M | 40.55M | 39.66M | 39.35M | 39.18M | 39.18M | 39.17M |