---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-051359"
form_type: "8-K"
ticker: "LTC"
cik: "0000887905"
company_name: "LTC PROPERTIES INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T10:41:54.709028+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LTC Q1 net income $32.9M, FFO $0.66; invests $179M in seniors housing

## Summary
- Net income $32.9M ($0.80 EPS) vs $14.3M ($0.36) YoY; NAREIT FFO $27.2M ($0.66).
- Invested $179.4M: $117.5M JV for 11 ALF/MC communities (7.25% yield) and $61.9M in mortgage loans.
- Sold four properties for $37.2M: two SNFs ($21.3M, gain $15.3M) and two ALFs ($15.9M).
- Provided $645k rent abatement in Q1; agreed to defer up to $1.5M interest on Michigan loan.
- Expects $9.7M GAAP and $8.8M cash interest income from ALG Senior JV in 2023.

## SEC filing metadata
- accession: 0001104659-23-051359
- form_type: 8-K
- ticker: LTC
- cik: 0000887905
- company_name: LTC PROPERTIES INC
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887905/000110465923051359/0001104659-23-051359-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887905/000110465923051359/tm238092d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-051359
- JSON: https://secwatch.observer/filing/0001104659-23-051359.json
- Plain text: https://secwatch.observer/filing/0001104659-23-051359.txt

## Key facts
- Earnings Releases
  LTC PROPERTIES INC reported first quarter ended March 31, 2023 results: net income $32,929, EPS $0.80.
  - Period: first quarter ended March 31, 2023
  - Net income: $32,929
  - EPS: $0.80
  - Result: reported results
  source text: LTC Properties, Inc. (NYSE: LTC) ("LTC" or the "Company"), a real estate investment trust that primarily invests in seniors housing and health care properties, today announced operating results for the first quarter ended March 31, 2023. Three Months Ended March 31, 2023 2022 (unaudited) Net income available to common stockholders $ 32,929 $ 14,275 Diluted earnings per common share $ 0.80 $ 0.36
  evidence_url: https://www.sec.gov/Archives/edgar/data/887905/000110465923051359/0001104659-23-051359-index.htm

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