LTC Properties, Inc.
Real EstateNYSE:LTC · New York Stock Exchange
+$0.01 today
Vol 0.33M · Avg 0.40M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$309.4M of revenue converted into $120.9M of net income for the selected period. Gross margin is 62.2% and net margin is 35.5%, showing how much revenue survives after costs and taxes. EPS is $2.55, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $262.9M +25.3% | $209.8M +6.4% | $197.2M +12.6% | $175.2M +12.8% | $155.3M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $65.4M +405.6% | $12.9M -2.6% | $13.3M -14.3% | $15.5M +0.6% | $15.4M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $197.5M +0.3% | $196.9M +7.0% | $184.0M +15.2% | $159.7M +14.1% | $139.9M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 75.1% -18.7pp | 93.8% +0.6pp | 93.3% +2.1pp | 91.2% +1.1pp | 90.1% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $32.0M +17.4% | $27.2M +12.2% | $24.3M +2.4% | $23.7M +10.5% | $21.5M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $70.7M -32.3% | $104.5M +11.1% | $94.0M +55.2% | $60.6M -28.8% | $85.1M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $37.9M +4.1% | $36.4M -2.8% | $37.4M -0.2% | $37.5M -2.1% | $38.3M | $374.2M | $1.2B | $631.8M |
| EBITDA | $197.2M +15.0% | $171.6M -2.5% | $175.9M +3.8% | $169.5M +39.1% | $121.9M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 75.0% -6.7pp | 81.8% -7.4pp | 89.2% -7.6pp | 96.8% +18.3pp | 78.5% | 5.6% | 46.3% | 42.0% |
| Operating Income | $126.7M +37.1% | $92.4M +2.8% | $90.0M -9.2% | $99.1M +80.8% | $54.8M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 48.2% +4.2pp | 44.0% -1.6pp | 45.6% -11.0pp | 56.6% +21.3pp | 35.3% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $35.3M -12.5% | $40.3M -14.2% | $47.0M +49.5% | $31.4M +14.8% | $27.4M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$2.7M -209.8% | $2.4M +62.4% | $1.5M +0.0% | $1.5M +6.1% | $1.4M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $124.1M +30.8% | $94.9M +3.7% | $91.5M -9.1% | $100.6M +78.9% | $56.2M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 47.2% +2.0pp | 45.2% -1.2pp | 46.4% -11.1pp | 57.4% +21.2pp | 36.2% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $179.0K | $0 | $0 | $0 | $0 | $1.3B | -$1.6B | $745.2M |
| Net Income | $118.0M +29.6% | $91.0M +1.5% | $89.7M -10.3% | $100.0M +79.1% | $55.9M | $4.9B | $4.8B | $4.7B |
| Net Margin | 44.9% +1.5pp | 43.4% -2.1pp | 45.5% -11.6pp | 57.1% +21.1pp | 36.0% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $3 +23.2% | $2 -4.2% | $2 -13.3% | $2 +76.6% | $1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $3 +23.5% | $2 -5.6% | $2 -12.9% | $2 +75.9% | $1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $46.2M +5.7% | $43.7M +6.0% | $41.3M +3.5% | $39.9M +1.9% | $39.2M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $46.6M +5.2% | $44.2M +7.0% | $41.4M +3.2% | $40.1M +2.3% | $39.2M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
EPR Properties
NYSE:EPR
$4.58B
DiamondRock Hospitality Company
NASDAQ:DRH
$2.44B
Getty Realty Corp.
NYSE:GTY
$2.02B
Global Net Lease, Inc.
NYSE:GNL
$2.00B
Dynex Capital, Inc.
NYSE:DX
$1.96B
Innovative Industrial Properties, Inc.
NYSE:IIPR
$1.74B
Sila Realty Trust, Inc.
NYSE:SILA
$1.67B
PennyMac Mortgage Investment Trust
NYSE:PMT
$882.49M
TPG RE Finance Trust, Inc.
NYSE:TRTX
$664.08M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does LTC generate?
LTC Properties, Inc. (LTC) reported $262.85M of revenue in fiscal 2025.
Is LTC profitable?
LTC Properties, Inc. (LTC) reported $117.97M of net income, with a net margin of 44.9%.
Explore More
Continue the stock analysis
Jump to another research area for this company.