LTC Q2 net income $19.2M, EPS $0.44; revenues rise to $50.1M

LTC PROPERTIES INC

2024-Q2 EPS reported $1.00 revenue$101,482,000

Net income available to common stockholders $19.2M vs $6.0M YoY; diluted EPS $0.44 vs $0.15.
Total revenues $50.1M, up 3.9% from $48.2M in Q2 2023.
NAREIT FFO $28.2M ($0.65 per share) vs $27.2M ($0.66) prior year.
FAD increased to $29.5M from $27.9M; FFO ex non-recurring items $29.3M vs $27.2M.
Company reported strong income growth driven by higher rental revenue and lower impairment charges.

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