---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-006116"
form_type: "8-K"
ticker: "LTC"
cik: "0000887905"
company_name: "LTC PROPERTIES INC"
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T06:05:17.915860+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# LTC Q1 net income falls 27% to $24.1M; FFO per share rises to $0.69

## Summary
- Net income available to common stockholders of $24.1M ($0.56 diluted EPS) vs $32.9M ($0.80) year ago.
- NAREIT FFO per share of $0.69 vs $0.66; FAD of $31.3M vs $30.1M.
- Sold seven assisted living communities for net gain of $3.3M; sold JV interest for $23.1M.
- After quarter end: originated $12.7M mortgage loan at 9.15% and amended HMG master lease (11 SNFs) with rent increasing to $9.0M in 2024.
- HMG agreed to repay $11.9M working capital note; LTC repaid $25.2M on credit line and raised $4.5M via equity issuance.

## SEC filing metadata
- accession: 0001558370-24-006116
- form_type: 8-K
- ticker: LTC
- cik: 0000887905
- company_name: LTC PROPERTIES INC
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887905/000155837024006116/0001558370-24-006116-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887905/000155837024006116/ltc-20240429x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-006116
- JSON: https://secwatch.observer/filing/0001558370-24-006116.json
- Plain text: https://secwatch.observer/filing/0001558370-24-006116.txt

## Key facts
- Earnings Releases
  LTC PROPERTIES INC reported first quarter ended March 31, 2024 results: net income $24,065, EPS $0.56 per diluted share.
  - Period: first quarter ended March 31, 2024
  - Net income: $24,065
  - EPS: $0.56 per diluted share
  - 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 first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/887905/000155837024006116/0001558370-24-006116-index.htm

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