---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-016862"
form_type: "8-K"
ticker: "LTC"
cik: "0000887905"
company_name: "LTC PROPERTIES INC"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T09:25:50.521472+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# LTC Q3 net income $22.05M ($0.54 EPS) vs $13.16M ($0.32) YoY; FFO $0.65

## Summary
- Net income $22.05M vs $13.16M; diluted EPS $0.54 vs $0.32; NAREIT FFO $0.65 vs $0.60.
- Originated $17M mezzanine loan (8.75% yield, 12% IRR); committed $19.5M mortgage for MI construction.
- Sold five assisted living communities for $14.1M; entered agreements to sell seven Brookdale properties for ~$27.2M.
- Brookdale re-lease: new master lease starts Jan'24 with initial rent $8.0M, 2% escalations; amended post-Q3 to add 7 properties, rent $9.3M.
- Prestige Healthcare: deferred interest paid via LC draw; Jan'24 min current pay rate set at 8.5% (contractual 10.8% unchanged).

## SEC filing metadata
- accession: 0001558370-23-016862
- form_type: 8-K
- ticker: LTC
- cik: 0000887905
- company_name: LTC PROPERTIES INC
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887905/000155837023016862/0001558370-23-016862-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887905/000155837023016862/ltc-20231026x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-016862
- JSON: https://secwatch.observer/filing/0001558370-23-016862.json
- Plain text: https://secwatch.observer/filing/0001558370-23-016862.txt

## Key facts
- Earnings Releases
  LTC PROPERTIES INC reported the third quarter ended September 30, 2023 results: net income $ 22,050, EPS $ 0.54.
  - Period: the third quarter ended September 30, 2023
  - Net income: $ 22,050
  - EPS: $ 0.54
  - Result: reported results
  source text: LTC Properties, Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust that primarily invests in seniors housing and health care properties, today announced operating results for the third quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/887905/000155837023016862/0001558370-23-016862-index.htm

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