secwatch.observer — SEC 8-K summary
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Issuer:     LTC PROPERTIES INC (LTC)
CIK:        0000887905
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0001104659-22-052262
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LTC Q1 net income $14.3M ($0.36 EPS); FFO $0.60/share; acquires 4 SNFs for $51.5M
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- Net income $14.3M, up from $13.6M; diluted EPS $0.36 vs $0.35 YoY.
- NAREIT FFO $23.6M ($0.60/share) down from $24.3M ($0.62/share) YoY.
- Originated $25M mezzanine loan at 8% with 11% IRR for 5 seniors housing properties in OR/MT.
- Completed acquisitions: 4 TX transitional care centers for $51.5M; expects $1M rent in each of Q3 and Q4 2022.
- Reduced Anthem Memory Care Q2 rent estimate to $2.1M from $2.7M; expects $10.8M total cash rent in 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887905/000110465922052262/0001104659-22-052262-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887905/000110465922052262/tm2212697d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-052262

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