{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-001244","form_type":"8-K","ticker":"LTC","cik":"0000887905","company_name":"LTC PROPERTIES INC","filed_at":"2024-02-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.159738+00:00","generated_at":"2026-06-06T01:48:19.336819+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"LTC Properties Q4 net income $28.1M, FFO $0.57/diluted; resolves Brookdale, cuts leverage to 5.5x","bullets":["Net income $28.1M (diluted EPS $0.67) vs $17.8M ($0.44) a year ago; NAREIT FFO per share $0.57 vs $0.72.","Completed resolution of original Brookdale master lease (35 communities), more than fully replacing income; received all 2023 contractual interest from Prestige mortgage loan.","Reduced debt to adjusted EBITDA ratio from 6.0x to 5.5x; repaid $60M on revolver; subsequently extended revolver maturity to Nov 2026.","Sold 9 assisted living communities for $16.8M net gain; recorded $3.6M provision for credit losses on ALG master lease (12 properties)."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-001244","json":"https://secwatch.observer/filing/0001558370-24-001244.json","markdown":"https://secwatch.observer/filing/0001558370-24-001244.md","text":"https://secwatch.observer/filing/0001558370-24-001244.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/887905/000155837024001244/0001558370-24-001244-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/887905/000155837024001244/ltc-20240215x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T01:48:19.336819+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":[{"claim_id":"29eef347d92fab11e20a056b374657389ae6c14f","claim":"LTC PROPERTIES INC reported fourth quarter ended December 31, 2023 results: net income $28,057, EPS $0.67.","evidence_excerpt":"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 fourth quarter ended December 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/887905/000155837024001244/0001558370-24-001244-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2023"},{"label":"Net income","value":"$28,057"},{"label":"EPS","value":"$0.67"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}