secwatch.observer — SEC 8-K summary
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Issuer:     LTC PROPERTIES INC (LTC)
CIK:        0000887905
Form:       8-K
Filed at:   2021-07-29T23:59:59+00:00
Accession:  0001104659-21-097597
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887905/000110465921097597/0001104659-21-097597-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887905/000110465921097597/tm2123133d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-097597

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