earnings
confidence high
sentiment negative
materiality 0.70
LTC Q4 2021 net income down 27% to $12.7M; FFO per share $0.56 vs $0.78 prior
LTC PROPERTIES INC
2021-FY EPS reported
$1.41
revenue$155,322,000
- Net income $12.7M ($0.32 diluted EPS), down from $17.5M ($0.45) YoY.
- NAREIT FFO $22.1M ($0.56/share), compared to $30.4M ($0.78) in Q4 2020.
- Originated $96.2M in mortgage loans during Q4; amended credit facility to $500M.
- Subsequent to Q4, expects ~$27.3M total gains from property sales in Q2 2022.
- Provided $1.3M in rent deferrals/abatements in Jan-Feb 2022; up to $692k for March.