LTC PROPERTIES INC

For the period ended Jun 30, 2025. Filed Aug 4, 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.

Jun 30, 2025 · Filed Aug 4, 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 · · Six Months Ended ·
· · June 30, · · June 30, · ·
· 2025 · 2024 · 2025 · 2024
Revenues:
Rental income	$30,177	$31,657	$61,621	$65,206
Resident fees and services	11,950	—	11,950	—
Interest income from financing receivables	7,084	3,830	14,086	7,660
Interest income from mortgage loans	9,680	12,661	18,859	25,109
Interest and other income	1,349	1,968	2,755	3,507
Total revenues	60,240	50,116	109,271	101,482
Expenses:
Interest expense	8,014	10,903	15,927	21,948
Depreciation and amortization	8,776	9,024	17,938	18,119
Seniors housing operating expenses	9,419	—	9,419	—
Provision for credit losses	387	703	3,439	727
Transaction costs	6,706	380	7,147	646
Property tax expense	2,795	3,247	5,902	6,630
General and administrative expenses	8,447	6,760	15,418	13,251
Total expenses	44,544	31,017	75,190	61,321

Income before unconsolidated joint ventures, real estate dispositions and other items	15,696	19,099	34,081	40,161

Gain (loss) on sale of real estate, net	332	(32)	503	3,219
Income from unconsolidated joint ventures	439	671	4,104	1,047
Income tax benefit	81	—	81	—
Net income	16,548	19,738	38,769	44,427
Income allocated to non-controlling interests	(1,456)	(377)	(2,997)	(836)
Net income attributable to LTC Properties, Inc.	15,092	19,361	35,772	43,591
Income allocated to participating securities	(154)	(173)	(317)	(338)
Net income available to common stockholders	$14,938	$19,188	$35,455	$43,253

Earnings per common share:
Basic	$0.33	$0.44	$0.78	$1.01
Diluted	$0.32	$0.44	$0.77	$1.00

Weighted average shares used to calculate earnings per common share:
Basic	45,714	43,171	45,524	43,030
Diluted	46,028	43,463	45,838	43,322

Dividends declared and paid per common share	$0.57	$0.57	$1.14	$1.14

See accompanying notes.

ContentsView on SEC.gov

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