---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-022626"
form_type: "8-K"
ticker: "LTC"
cik: "0000887905"
company_name: "LTC PROPERTIES INC"
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T10:05:19.731589+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# LTC Q4 net income rises 40% YoY to $17.8M; announces $121.3M JV

## Summary
- Diluted EPS $0.44 vs $0.32; NAREIT FFO per share $0.72 vs $0.56.
- Net rental income up from transitioned portfolios, Anthem rent reduction, acquisitions.
- Recorded $2.1M impairment on assisted living and memory care communities in FL and CO.
- Post-quarter: $121.3M JV for 11 ALF/MC units in NC, 7.25% initial annual rent, purchase options.
- Originated $10.8M mortgage loan at 7.25% (9% IRR); received $4.5M mezz prepayment including fee.

## SEC filing metadata
- accession: 0001104659-23-022626
- form_type: 8-K
- ticker: LTC
- cik: 0000887905
- company_name: LTC PROPERTIES INC
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887905/000110465923022626/0001104659-23-022626-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887905/000110465923022626/tm233075d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-022626
- JSON: https://secwatch.observer/filing/0001104659-23-022626.json
- Plain text: https://secwatch.observer/filing/0001104659-23-022626.txt

## Key facts
- Earnings Releases
  LTC PROPERTIES INC reported financial results for fourth quarter ended December 31, 2022.
  - Period: fourth quarter ended December 31, 2022
  - Result: reported results
  source text: On February 16, 2023, LTC Properties, Inc. announced the operating results for the three months ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/887905/000110465923022626/0001104659-23-022626-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.