---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-090013"
form_type: "8-K"
ticker: "LTC"
cik: "0000887905"
company_name: "LTC PROPERTIES INC"
filed_at: "2025-09-15T23:59:59+00:00"
generated_at: "2026-05-17T06:42:14.487070+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-090013
- form_type: 8-K
- ticker: LTC
- cik: 0000887905
- company_name: LTC PROPERTIES INC
- filed_at: 2025-09-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887905/000110465925090013/0001104659-25-090013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887905/000110465925090013/tm2526077d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-090013
- JSON: https://secwatch.observer/filing/0001104659-25-090013.json
- Plain text: https://secwatch.observer/filing/0001104659-25-090013.txt

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