{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-012411","form_type":"8-K","ticker":"LTC","cik":"0000887905","company_name":"LTC PROPERTIES INC","filed_at":"2023-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.892706+00:00","generated_at":"2026-06-13T01:50:00.364931+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"LTC Q2 net income drops to $6M from $54M; records $12.1M impairment; FFO per share up to $0.66","bullets":["Net income $6.0M ($0.15 diluted EPS) vs $54.1M ($1.36) YoY; includes $12.1M impairment on two assisted living communities.","NAREIT FFO per share $0.66 vs $0.64; FAD $27.9M vs $26.8M. Core FFO and FAD excluding non-recurring items also increased.","New investments: $45M JV contribution for Ohio campus (8.25% yield), $16.5M mortgage loan (8.75%), and subsequent $17M mezzanine loan (8.75% initial, 12% IRR).","Operator stress: deferred up to $1.5M in interest on Prestige mortgage; provided $645K rent abatements in Q2, up to $215K/month through year-end 2023.","Liquidity: borrowed $56.3M under revolver in Q2; post-Q2 borrowed $34M and paid $17.2M scheduled principal on senior unsecured notes."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-012411","json":"https://secwatch.observer/filing/0001558370-23-012411.json","markdown":"https://secwatch.observer/filing/0001558370-23-012411.md","text":"https://secwatch.observer/filing/0001558370-23-012411.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/887905/000155837023012411/0001558370-23-012411-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/887905/000155837023012411/ltc-20230727x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T01:50:00.364931+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}