secwatch.observer — SEC 8-K summary
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Issuer:     LTC PROPERTIES INC (LTC)
CIK:        0000887905
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001104659-22-112009
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LTC Properties Q3 2022 net income up 21% to $13.2M; FFO per share $0.60 vs $0.45 YoY
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- Diluted EPS $0.32 vs $0.28 YoY; net income available to common stockholders $13.2M, up from $10.9M.
- NAREIT FFO per share $0.60, FAD $26.0M; both significantly above prior year period.
- Contributed $61.7M to JV for three Florida skilled nursing centers leased to PruittHealth.
- Terminated master lease on 12 assisted living communities; abated $7.1M deferred rent and paid $500K termination fee.
- Provided $900K temporary rent reduction to Anthem in Q3; expects full $10.8M annual rent by year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887905/000110465922112009/0001104659-22-112009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887905/000110465922112009/tm2225307d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-112009

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