{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-21-131053","form_type":"8-K","ticker":"LTC","cik":"0000887905","company_name":"LTC PROPERTIES INC","filed_at":"2021-10-28T23:59:59+00:00","discovered_at":"2026-05-14T18:04:16.017805+00:00","generated_at":"2026-06-28T17:09:08.721092+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"LTC Q3 2021 net income $10.9M; FFO $17.7M down 22% YoY on lease defaults","bullets":["Net income $10.9M ($0.28 diluted EPS) vs $12.1M in Q3 2020; NAREIT FFO $17.7M ($0.45/share) down from $22.8M.","Rental income hit by unpaid lease obligations from Senior Care and Senior Lifestyle non-payment; partially offset by $5.5M straight-line rent write-off in 2020.","Transitions: re-leased 6 assisted living communities (Wisconsin, Pennsylvania, Nebraska); sold Washington SNF for $7.7M with $2.6M gain.","Settlement with Senior Care: $3.25M payment to facilitate transition of 11 SNFs to HMG; transition completed post-Q3.","Post-Q3: funded $27M and $12.5M loans, provided $25M working capital loan to HMG, and granted rent deferrals/abatements."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-21-131053","json":"https://secwatch.observer/filing/0001104659-21-131053.json","markdown":"https://secwatch.observer/filing/0001104659-21-131053.md","text":"https://secwatch.observer/filing/0001104659-21-131053.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/887905/000110465921131053/0001104659-21-131053-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/887905/000110465921131053/tm2126594d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T17:09:08.721092+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}