secwatch.observer — SEC 8-K summary
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Issuer:     LTC PROPERTIES INC (LTC)
CIK:        0000887905
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001104659-22-083690
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LTC Q2 net income $54.1M ($1.36 EPS), FFO $0.64; acquires $51.5M in skilled nursing
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- Net income $54.1M ($1.36 diluted EPS) vs $18.1M ($0.46) in Q2 2021; FFO per share $0.64 vs $0.57.
- Acquired 4 skilled nursing centers in Texas for $51.5M; originated $35.9M mortgage loans on 4 assisted living communities.
- Sold 3 assisted living and 1 skilled nursing property for total proceeds of $73.9M, recognizing combined gains of $38.0M.
- Issued $75M 3.66% senior unsecured notes due 2033; subsequent to quarter, terminated master lease on 12 AL communities.
- Provided temporary rent reductions and deferrals; Anthem received $600K deferral in Q2 and $900K for Q3 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887905/000110465922083690/0001104659-22-083690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887905/000110465922083690/tm2217382d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-083690

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