Ltc Properties IncLTC

NYSEReal EstateReal Estate Investment Trusts
Price (close)
$43.36
Market cap
$2.3B
P/E
17.3x
Revenue (TTM)
$347.9M
Net income
$135.4M
Dividend yield
4.82%
1-year total return
26.8%
Net margin
38.9%
Revenue growth
59.8%
Debt / equity
0.61x

What Ltc Properties Inc does.

LTC Properties, Inc., a real estate investment trust (“REIT”), was incorporated on May 12, 1992 in the State of Maryland and commenced operations on August 25, 1992. Historically we have invested primarily in seniors housing and health care properties primarily through ownership, sale-leasebacks, mortgage financing, joint ventures, construction financing and structured finance solutions including preferred equity, bridge and mezzanine lending.

Unless otherwise expressly stated or the context otherwise requires, when we refer to “we,” “our,” “us,” “registrant,” “our company,” “the Company” or similar terms in this Annual Report on Form 10-K, we mean LTC Properties, Inc. and its consolidated subsidiaries.

Our investment policy is to invest primarily in seniors housing and health care properties. Over the past three years, we have underwritten investments in seniors housing communities and health care centers for a total of approximately $781.5 million. Additionally, during the past three years, we have disposed of properties for a total sales price of $252.2 million.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$159.3M$155.3M$175.2M$197.2M$209.8M$262.9M
Net income$95.3M$55.9M$100.0M$89.7M$91.0M$118.0M
Free cash flow$109.2M$84.9M$96.6M$94.8M$112.2M$128.7M

More on LTC.

Figures from Ltc Properties Inc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.