LTC Properties cuts 2025 GAAP EPS guidance by ~$0.88 on $41.5M non-cash write-off

LTC PROPERTIES INC

GAAP net income guidance lowered to $2.57-$2.59/share from $3.45-$3.48 due to non-cash write-off of $41.5M effective interest receivable.
Write-off stems from July 2025 amendment to $180.4M Prestige mortgage loan (14 skilled nursing centers in Michigan) allowing prepayment option starting July 2026.
Core FFO guidance unchanged at $2.68-$2.71/share; Core FAD guidance slightly raised to $2.81-$2.83.
Originated new $58M five-year loan at 8.25% secured by two seniors housing communities (171 units) in California.
Senior management to participate in non-deal roadshow starting September 17, 2025; presentation materials on IR website.

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