---
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"
generated_at: "2026-06-06T01:48:19.336819+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LTC Properties Q4 net income $28.1M, FFO $0.57/diluted; resolves Brookdale, cuts leverage to 5.5x

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-001244
- JSON: https://secwatch.observer/filing/0001558370-24-001244.json
- Plain text: https://secwatch.observer/filing/0001558370-24-001244.txt

## Key facts
- Earnings Releases
  LTC PROPERTIES INC reported fourth quarter ended December 31, 2023 results: net income $28,057, EPS $0.67.
  - Period: fourth quarter ended December 31, 2023
  - Net income: $28,057
  - EPS: $0.67
  - 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 fourth quarter ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/887905/000155837024001244/0001558370-24-001244-index.htm

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