Highest-materiality recent filing
LTC Properties enters $500M ATM equity program, replaces $400M program
New Equity Distribution Agreement allows sale of up to $500M of common stock at market.
LTC Q2 revenue up 64% to $98.9M; raises 2026 SHOP investment guidance mid-point to $900M
Q2 total revenues $98.9M vs $60.2M YoY; net income $29.5M ($0.56 diluted EPS) vs $14.9M ($0.32).
LTC Properties expands credit facility by $300M to $1.1B; fixes $150M at 4.97%
Aggregate lender commitments increased from $800M to $1.1B via incremental facility.
All six director nominees elected: Wendy L. Simpson, David L. Gruber, Cornelia Cheng, Jeffrey C. Hawken, Bradley J. Preber, Timothy J. Triche, M.D.
LTC Q1 revenue $95.4M (+95% YoY); SHOP acquisitions $108M, EPS $0.48 vs $0.45
Total revenues $95.4M, up 95% YoY from $49.0M; diluted EPS $0.48 vs $0.45.
Revenue $84.3M (+60% YoY); net income $101.6M vs $17.9M largely due to gains/transactions.
LTC Properties increases credit facility to $800M, adds term loans through 2032
Aggregate commitment increased from $600M to $800M via incremental facility and new term loans.
LTC reports Q3 net loss of $20.1M on $41.5M write-off; Core FFO rises; guidance raised
Total revenues $69.3M, up 24% YoY from $55.8M; net loss $(0.44)/share vs net income $0.66.
LTC Properties acquires five Wisconsin seniors housing communities for $195M
Acquired five seniors housing communities totaling 520 units in Wisconsin from local developers.
LTC Properties cuts 2025 GAAP EPS guidance by ~$0.88 on $41.5M non-cash write-off
GAAP net income guidance lowered to $2.57-$2.59/share from $3.45-$3.48 due to non-cash write-off of $41.5M effective interest receivable.
LTC Properties amends equity distribution program, adds RBC/BTIG/Nomura, drops BMO/Wedbush
Amended $400M at-the-market stock offering on Aug 5, 2025, adding RBC Capital Markets, BTIG, and Nomura as agents/forward sellers.
Total revenues $60.2M vs $50.1M YoY (+20%); diluted EPS $0.32 vs $0.44 YoY.
LTC Properties enters new $600M credit facility, ups capacity to $1.2B
New $600M unsecured revolving credit facility, expandable to $1.2B, matures July 21, 2029, with one-year extension option.
LTC Properties operator Genesis Healthcare files for Chapter 11 bankruptcy
Genesis filed for Chapter 11 bankruptcy on July 9, 2025; it leases 6 skilled nursing centers (782 beds) from LTC.
LTC Properties shareholders approve increase in authorized shares from 60M to 110M
Shareholders approved amendment to increase authorized common shares from 60M to 110M (35.2M for, 1.5M against).
LTC Q1 revenue falls to $49M; Core FFO per share rises to $0.65; transitions 12 properties to SHOP
Total revenues $49.0M vs $51.4M YoY; diluted EPS $0.45 vs $0.56.
LTC Q4 2024 revenue $52.6M; net income down to $17.9M but FFO per share rises to $0.72
Q4 2024 total revenues $52.6M vs $50.2M a year ago (+4.8%).
Wendy Simpson, 75, becomes Executive Chairman, effective Dec 31, 2024; previously CEO since 2007.
LTC Properties enters into $400M at-the-market equity distribution agreement
New ATM program enables sale of up to $400M of common stock through six sales agents and forward sellers.
LTC Q3 2024 net income $29.2M ($0.66/sh), revenues $55.8M up 13% YoY
Net income available to common stockholders $29.2M ($0.66 diluted EPS), up from $22.1M ($0.54) YoY.
LTC Q2 net income $19.2M, EPS $0.44; revenues rise to $50.1M
Net income available to common stockholders $19.2M vs $6.0M YoY; diluted EPS $0.44 vs $0.15.
Six director nominees elected; broker non-votes of ~5.73M on each.
LTC Q1 net income falls 27% to $24.1M; FFO per share rises to $0.69
Net income available to common stockholders of $24.1M ($0.56 diluted EPS) vs $32.9M ($0.80) year ago.
LTC Properties Q4 net income $28.1M, FFO $0.57/diluted; resolves Brookdale, cuts leverage to 5.5x
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.
LTC Properties extends credit facility maturity to November 2026
Amended credit agreement to accelerate extension option notice to Jan 4, 2024 and exercised extension to Nov 19, 2026.
LTC Q3 net income $22.05M ($0.54 EPS) vs $13.16M ($0.32) YoY; FFO $0.65
Net income $22.05M vs $13.16M; diluted EPS $0.54 vs $0.32; NAREIT FFO $0.65 vs $0.60.
LTC Q2 net income drops to $6M from $54M; records $12.1M impairment; FFO per share up to $0.66
Net income $6.0M ($0.15 diluted EPS) vs $54.1M ($1.36) YoY; includes $12.1M impairment on two assisted living communities.
LTC Properties elects David Gruber to Board, adding capital markets expertise
David Gruber elected to LTC Board effective July 25, 2023; board expands from six to seven members.
LTC Properties amends bylaws, adopts universal proxy rules; shareholders reelect directors
Bylaws amended to incorporate SEC Rule 14a-19 universal proxy and require additional stockholder disclosures and proxy card color.
LTC Q1 net income $32.9M, FFO $0.66; invests $179M in seniors housing
Net income $32.9M ($0.80 EPS) vs $14.3M ($0.36) YoY; NAREIT FFO $27.2M ($0.66).
LTC Q4 net income rises 40% YoY to $17.8M; announces $121.3M JV
Diluted EPS $0.44 vs $0.32; NAREIT FFO per share $0.72 vs $0.56.
LTC Properties amends credit agreement to replace LIBOR with SOFR plus 10 bps spread
First Amendment dated Dec 19, 2022 replaces LIBOR with Term SOFR plus 10 bps credit spread adjustment.
LTC Properties Q3 2022 net income up 21% to $13.2M; FFO per share $0.60 vs $0.45 YoY
Diluted EPS $0.32 vs $0.28 YoY; net income available to common stockholders $13.2M, up from $10.9M.
CEO Wendy Simpson adopts 10b5-1 plan to sell up to 83,672 shares of LTC common stock
CEO Wendy Simpson entered into a 10b5-1 plan for sale of up to 83,672 shares of LTC common stock.
LTC Q2 net income $54.1M ($1.36 EPS), FFO $0.64; acquires $51.5M in skilled nursing
Net income $54.1M ($1.36 diluted EPS) vs $18.1M ($0.46) in Q2 2021; FFO per share $0.64 vs $0.57.
All six director nominees elected; Wendy Simpson received 22,050,589 votes for, 897,265 against.
LTC Properties issues $75M senior unsecured notes at 3.66% to repay credit line
$75M senior unsecured notes at 3.66%, avg. life ~10 yrs, mature May 2033.
LTC Q1 net income $14.3M ($0.36 EPS); FFO $0.60/share; acquires 4 SNFs for $51.5M
Net income $14.3M, up from $13.6M; diluted EPS $0.36 vs $0.35 YoY.
Amendment corrects error on slide 17 of supplemental package: collected rent now 94.5% ($34,089) vs previously 97.3% ($72,114).
LTC Properties files new S-3 registration to replace expiring shelf for ATM program
Filed new S-3 (File 333-262837) on Feb 18, 2022, replacing expiring S-3 (File 333-229966).
LTC Q4 2021 net income down 27% to $12.7M; FFO per share $0.56 vs $0.78 prior
Net income $12.7M ($0.32 diluted EPS), down from $17.5M ($0.45) YoY.
LTC Properties enters $500M credit facility; maturities extended to 2025/2026
New $500M unsecured credit facility: $400M revolver + two $50M term loans.
LTC Properties replaces two ATM sales agents, adds Huntington, keeps $200M capacity
Terminated 2019 equity distribution agreements with Credit Agricole and Mizuho effective Nov 19, 2021.
LTC Q3 2021 net income $10.9M; FFO $17.7M down 22% YoY on lease defaults
Net income $10.9M ($0.28 diluted EPS) vs $12.1M in Q3 2020; NAREIT FFO $17.7M ($0.45/share) down from $22.8M.
LTC Properties Q2 2021 net income $18.1M ($0.46/diluted) vs $1.8M ($0.05) YoY; FFO $0.57 per share
Net income available to common stockholders was $18.1M ($0.46/diluted) vs $1.8M ($0.05) in Q2 2020, boosted by $5.5M gain on sale.
On July 25, 2023, the Board of Directors of LTC Properties, Inc. elected Mr. David Gruber to the Board effective July 25, 2023.
Max materiality 0.85 · Median 0.65 · Most common event earnings