LTC - NYSE

LTC Properties, Inc.

LTC·NYSE

$34.82

-0.68%

Real EstateREIT - Healthcare Facilities

LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds 181 investments in 27 states with 29 operating partners. The portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$1.78B

EPS2.5500

P/E Ratio13.65

Earnings Date08/03/2026

262.85M

Revenue

25%

3Y+50.0%

5Y+65.0%

10Y+63.0%

117.97M

Net Income

30%

3Y+18.0%

5Y+24.0%

10Y+39.0%

135.98M

Operating Cash Flow

3Y+29.0%

5Y+17.0%

10Y+29.0%

LTC Properties, Inc. Profit Bridge

LTC · NYSE

Revenue & Cost of Sales

Revenue262.85M

Cost of Goods Sold (65.37M)

Gross Profit197.48M

Operating Expenses

Operating Expenses (70.74M)

Operating Income126.74M

Other Income & Taxes

Interest Expense (35.31M)

Other Income/Expense-2.68M

Pretax Income124.06M

Income Tax (179.00K)

Net Income117.97M

Net Income

117.97M

Profitability Analysis

Gross Margin

75.1%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

48.2%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

44.9%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

0.1%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

LTC Properties, Inc. Income Statement

LTC • NYSE

LTC Properties, Inc. Income Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
REVENUE
Revenue	262.9M	209.8M	197.2M	175.2M	155.3M	159.3M	185.3M	168.6M	168.1M	161.6M	136.2M	119M	105M	92.5M	83.6M	74.3M	69.4M	68.8M	74.8M	73.2M
GROSS PROFIT
Cost of Revenue	(65.4M)	(12.9M)	(13.3M)	(15.5M)	(15.4M)	(15.1M)	(16.8M)	(0.0)	(0.0)	(26.4M)	(17.5M)	(13.1M)	(11.4M)	(9.9M)	(6.4M)	(2.7M)	(0.0)	(0.0)	(0.0)	(0.0)
Gross Profit	197.5M	196.9M	184M	159.7M	139.9M	144.3M	168.5M	168.6M	168.1M	135.1M	118.7M	105.8M	93.6M	82.6M	77.2M	71.6M	0.0	0.0	0.0	0.0
OPERATING INCOME
Operating Expenses	(70.7M)	(104.5M)	(94M)	(60.6M)	(85.1M)	(48.6M)	(86.7M)	(16.4M)	(83M)	(51.2M)	(48M)	(37.4M)	(38.2M)	(32.2M)	(77.2M)	(71.6M)	(25M)	(25.6M)	(26.8M)	(20.8M)
Selling, General & Administrative	(32M)	(27.2M)	(24.3M)	(23.7M)	(21.5M)	(19.7M)	(18.5M)	(19.2M)	(17.5M)	(17.4M)	(15M)	(11.6M)	(11.5M)	(10.7M)	(9.7M)	(9.8M)	(7.5M)	(7M)	(7.9M)	(0.0)
Operating Income	126.7M	92.4M	90M	99.1M	54.8M	95.6M	81.9M	152.2M	85.1M	84M	70.7M	68.4M	55.4M	50.3M	55.1M	48.6M	44.4M	43.2M	48M	52.4M
PRE-TAX INCOME
Interest Expense	(35.3M)	(40.3M)	(47M)	(31.4M)	(27.4M)	(29.7M)	(30.6M)	(30.2M)	(29.9M)	(26.4M)	(17.5M)	(13.1M)	(11.4M)	(9.9M)	(6.4M)	(2.7M)	(2.4M)	(4.1M)	(5M)	(0.0)
Net Interest Income	-35.3M	-40.3M	-47M	-31.4M	-27.4M	-29.7M	-30.6M	-30.2M	-29.9M	-26.4M	-17.5M	-13.1M	-11.4M	-9.9M	-6.4M	-2.7M	-2.4M	-4.1M	-5M	0.0
Other Expenses	(38.8M)	(77.2M)	(69.7M)	(36.9M)	(63.7M)	(28.9M)	(68.2M)	-2.8M	(65.5M)	(33.8M)	(33M)	(25.8M)	(26.7M)	(21.5M)	(67.5M)	(61.8M)	(17.5M)	(18.6M)	(18.9M)	(20.8M)
Total Other Income Expenses Net	-2.7M	2.4M	1.5M	1.5M	1.4M	47K	-1M	2.9M	2.3M	1.1M	2.4M	5M	0.0	0.0	-6.4M	-3M	0.0	-43.2M	0.0	-52.4M
Income Before Tax	124.1M	94.9M	91.5M	100.6M	56.2M	95.7M	80.9M	155.1M	87.3M	85.1M	73.1M	73.4M	55.4M	50.3M	48.6M	45.6M	44.4M	0.0	48M	0.0
NET INCOME
Income Tax Expense	(179K)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Net Income	118M	91M	89.7M	100M	55.9M	95.3M	80.5M	155M	87.3M	85.1M	73.1M	73.4M	57.8M	51.3M	49.3M	45.9M	44.1M	43M	47.8M	78.8M

SEC Filings

LTC - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 27, 2026	May 20, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 06, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 06, 2026	May 06, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 08, 2026	May 20, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 24, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 24, 2026	February 24, 2026	2026	View Filing
8-K 8-K 2025 N/A	December 15, 2025	December 15, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 04, 2025	November 04, 2025	2025	View Filing
10-Q 10-Q 2025 Q3 Q3	November 04, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	October 03, 2025	September 29, 2025	2025	View Filing

Showing 1 to 10 of 386 filings

Related Guides

Blog Categories

Continue your LTC research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.