---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-097597"
form_type: "8-K"
ticker: "LTC"
cik: "0000887905"
company_name: "LTC PROPERTIES INC"
filed_at: "2021-07-29T23:59:59+00:00"
generated_at: "2026-06-30T01:20:05.541857+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# LTC Properties Q2 2021 net income $18.1M ($0.46/diluted) vs $1.8M ($0.05) YoY; FFO $0.57 per share

## Summary
- Net income available to common stockholders was $18.1M ($0.46/diluted) vs $1.8M ($0.05) in Q2 2020, boosted by $5.5M gain on sale.
- FFO per diluted share was $0.57, up from $0.31; FFO excluding non-recurring items was $22.2M, down from $29.7M YoY.
- Sold three Wisconsin communities and a closed Nebraska property for $35.9M; proceeds $34.8M, net gain $5.4M.
- Paid down $41M on unsecured line of credit; subsequent to quarter end borrowed $19M at 1.2% and paid $25.2M on senior notes.
- Senior Lifestyle and other operators continue to not pay rent; LTC provided $366K deferred rent and $323K abatement in July 2021.

## SEC filing metadata
- accession: 0001104659-21-097597
- form_type: 8-K
- ticker: LTC
- cik: 0000887905
- company_name: LTC PROPERTIES INC
- filed_at: 2021-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887905/000110465921097597/0001104659-21-097597-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887905/000110465921097597/tm2123133d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-097597
- JSON: https://secwatch.observer/filing/0001104659-21-097597.json
- Plain text: https://secwatch.observer/filing/0001104659-21-097597.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.