LTC PROPERTIES INC
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 4, 2025
LTC$44.47-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
(amounts in thousands, except per share, unaudited)
| | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended · · Nine Months Ended · | ||||||||||||||
| · · September 30, · · September 30, · · | ||||||||||||||
| · 2025 · 2024 · 2025 · 2024 | ||||||||||||||
| Revenues: | | | | | | | | | | | | | | |
| Rental income | | $27,842 | | $32,258 | | $89,463 | | $97,464 | | | ||||
| Resident fees and services | | | 22,203 | | | — | | | 34,153 | | | — | | |
| Interest income from financing receivables | | | 7,096 | | | 7,001 | | | 21,182 | | | 14,661 | | |
| Interest income from mortgage loans | | 9,856 | | | 10,733 | | 28,715 | | 35,842 | | | |||
| Interest and other income | | 2,293 | | 5,791 | | 5,048 | | 9,298 | | | ||||
| Total revenues | | 69,290 | | 55,783 | | 178,561 | | 157,265 | | | ||||
| Expenses: | | | | | | | | | | | | | | |
| Interest expense | | 8,791 | | 10,023 | | 24,718 | | 31,971 | | | ||||
| Depreciation and amortization | | 8,987 | | 9,054 | | 26,925 | | 27,173 | | | ||||
| Seniors housing operating expenses | | | 17,362 | | | — | | | 26,781 | | | — | | |
| Write-off of effective interest receivable | | | 41,455 | | | — | | | 41,455 | | | — | | |
| Provision for credit losses | | 203 | | 215 | | 3,642 | | 942 | | | ||||
| Transaction costs | | | 587 | | | 33 | | | 7,734 | | | 679 | | |
| Triple-net lease property tax expense | | | 2,581 | | | 3,186 | | | 8,483 | | | 9,816 | | |
| General and administrative expenses | | 7,523 | | 6,765 | | 22,941 | | 20,016 | | | ||||
| Total expenses | | 87,489 | | 29,276 | | 162,679 | | 90,597 | | | ||||
| | | | | | | | | | | | | | | |
| (Loss) income before unconsolidated joint ventures, real estate dispositions and other items | | | (18,199) | | | 26,507 | | | 15,882 | | | 66,668 | | |
| | | | | | | | | | | | | | | |
| (Loss) gain on sale of real estate, net | | | (738) | | | 3,663 | | | (235) | | | 6,882 | | |
| Income from unconsolidated joint ventures | | | 439 | | | 692 | | | 4,543 | | | 1,739 | | |
| Income tax (expense) benefit | | | (42) | | | — | | | 39 | | | — | | |
| Net (loss) income | | | (18,540) | | | 30,862 | | | 20,229 | | | 75,289 | | |
| Income allocated to non-controlling interests | | (1,455) | | (1,496) | | (4,452) | | (2,332) | | | ||||
| Net (loss) income attributable to LTC Properties, Inc. | | (19,995) | | 29,366 | | | 15,777 | | 72,957 | | | |||
| Income allocated to participating securities | | (154) | | | (201) | | | (471) | | (511) | | | ||
| Net (loss) income available to common stockholders | | $(20,149) | | $29,165 | | $15,306 | | $72,446 | | | ||||
| | | | | | | | | | | | | | | |
| Earnings per common share: | | | | | | | | | | | | | | |
| Basic | | $(0.44) | | $0.66 | | $0.33 | | $1.67 | | | ||||
| Diluted | | $(0.44) | | $0.66 | | $0.33 | | $1.65 | | | ||||
| | | | | | | | | | | | | | | |
| Weighted average shares used to calculate earnings per common share: | | | | | | | | | | | | | | |
| Basic | | 46,123 | | 43,868 | | 45,726 | | 43,313 | | | ||||
| Diluted | | 46,123 | | 44,394 | | 46,107 | | 43,839 | | | ||||
| | | | | | | | | | | | | | | |
| Dividends declared and paid per common share | | $0.57 | | $0.57 | | $1.71 | | $1.71 | | | ||||
See accompanying notes.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.