LTC Q2 revenue up 64% to $98.9M; raises 2026 SHOP investment guidance mid-point to $900M

LTC PROPERTIES INC

Q2 total revenues $98.9M vs $60.2M YoY; net income $29.5M ($0.56 diluted EPS) vs $14.9M ($0.32).
Core FFO per share flat at $0.68; FAD per share $0.68 vs $0.56; Core FAD per share $0.70 vs $0.71.
Full-year 2026 SHOP investment guidance mid-point raised 50% to $900M; expects $700M YTD SHOP acquisitions by end of Q3.
SHOP projected to be 40% of proforma annualized NOI by end of Q3, nearly 50% by year-end; credit facility expanded to $1B.
Anticipated proceeds from asset sales and Prestige loan payoff total $730M.

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