secwatch.observer — SEC 8-K summary
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Issuer:     LTC PROPERTIES INC (LTC)
CIK:        0000887905
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0001104659-23-022626
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887905/000110465923022626/0001104659-23-022626-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887905/000110465923022626/tm233075d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-022626

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