earnings
confidence high
sentiment positive
materiality 0.85
LTC Q1 revenue $95.4M (+95% YoY); SHOP acquisitions $108M, EPS $0.48 vs $0.45
LTC PROPERTIES INC
2026-Q1 EPS reported
$0.48
revenue$95,411,000
- Total revenues $95.4M, up 95% YoY from $49.0M; diluted EPS $0.48 vs $0.45.
- Nareit FFO per share $0.72 (vs $0.65); Core FFO per share $0.69 (vs $0.65).
- SHOP NOI $12.7M in Q1; completed $108M SHOP acquisitions in Q1, $9M in April, expects $250M more in Q2.
- SHOP as % of gross investments 29%, projected to 45% by year-end; skilled nursing down to 33% from 46% at year-end 2024.
- Reiterated full-year 2026 SHOP guidance; $265M skilled nursing divestitures planned.