secwatch.observer — SEC 8-K summary
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Issuer:     LTC PROPERTIES INC (LTC)
CIK:        0000887905
Form:       8-K
Filed at:   2022-02-17T23:59:59+00:00
Accession:  0001104659-22-024751
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LTC Q4 2021 net income down 27% to $12.7M; FFO per share $0.56 vs $0.78 prior
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887905/000110465922024751/0001104659-22-024751-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887905/000110465922024751/tm226973d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-024751

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer