LTC PROPERTIES INC

For the period ended Mar 31, 2025. Filed May 5, 2025.

About 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.

Mar 31, 2025 · Filed May 5, 2025

LTC$44.47-1.1%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

(amounts in thousands, except per share, unaudited)


· · Three Months Ended ·
· · March 31, · ·
	2025		2024
Revenues:
Rental income		$31,444		$33,549
Interest income from financing receivables		7,002		3,830
Interest income from mortgage loans		9,179		12,448
Interest and other income		1,406		1,539
Total revenues		49,031		51,366
Expenses:
Interest expense		7,913		11,045
Depreciation and amortization		9,162		9,095
Provision for credit losses		3,052		24
Transaction costs		441		266
Property tax expense		3,107		3,383
General and administrative expenses		6,971		6,491
Total expenses		30,646		30,304
Other operating income:
Gain on sale of real estate, net		171		3,251
Operating income		18,556		24,313
Income from unconsolidated joint ventures		3,665		376
Net income		22,221		24,689
Income allocated to non-controlling interests		(1,541)		(459)
Net income attributable to LTC Properties, Inc.		20,680		24,230
Income allocated to participating securities		(163)		(165)
Net income available to common stockholders		$20,517		$24,065

Earnings per common share:
Basic		$0.45		$0.56
Diluted		$0.45		$0.56

Weighted average shares used to calculate earnings per common share:
Basic		45,333		42,891
Diluted		45,683		43,032

Dividends declared and paid per common share		$0.57		$0.57

See accompanying notes.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.