LTC Properties, Inc. (LTC)

LTC Properties Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	130.17	132.28	127.35	128.24	121.13	126.09
Other Revenue	5.73	2.44	1.5	1.5	1.42	0.43
Total Revenue	202.69	201.6	191.82	172.11	155.35	157.92
Revenue Growth (YoY	3.98%	5.10%	11.45%	10.79%	-1.63%	-14.70%
Property Expenses	13.65	13.75	14.41	16.31	19.83	15.36
Selling, General & Administrative	27.72	27.24	24.29	23.71	21.46	19.71
Depreciation & Amortization	36.43	36.37	37.42	37.5	38.3	39.07
Total Operating Expenses	80.95	77.47	81.79	79.04	80.6	74.14
Operating Income	121.74	124.13	110.03	93.07	74.75	83.78
Interest Expense	-37.2	-40.34	-47.01	-31.44	-27.38	-29.71
Interest & Investment Income	10.56	10.69	6.93	4.55	1.39	1.85
EBT Excluding Unusual Items	95.09	94.48	69.94	66.18	48.76	55.92
Gain (Loss) on Sale of Investments	-	-	-	-	-	-0.76
Gain (Loss) on Sale of Assets	4.9	7.98	37.3	37.83	7.46	44.12
Total Insurance Settlements	-	-	-	-	-	0.37
Asset Writedown	-6.95	-6.95	-15.78	-3.42	-	-3.98
Other Unusual Items	-0.63	-0.63	-	-	-	-
Pretax Income	92.41	94.88	91.46	100.58	56.22	95.68
Earnings From Continuing Operations	92.41	94.88	91.46	100.58	56.22	95.68
Minority Interest in Earnings	-4.92	-3.84	-1.73	-0.56	-0.36	-0.38
Net Income	87.49	91.04	89.74	100.02	55.86	95.29
Preferred Dividends & Other Adjustments	0.68	0.68	0.59	0.58	0.46	0.42
Net Income to Common	86.81	90.36	89.15	99.44	55.4	94.87
Net Income Growth	8.24%	1.45%	-10.29%	79.06%	-41.38%	18.34%
Basic Shares Outstanding	44	44	41	40	39	39
Diluted Shares Outstanding	45	44	41	40	39	39
Shares Change (YoY)	7.38%	6.97%	3.22%	2.33%	-0.27%	-1.24%
EPS (Basic)	1.96	2.07	2.16	2.49	1.41	2.42
EPS (Diluted)	1.93	2.04	2.16	2.48	1.41	2.42
EPS Growth	0.36%	-5.56%	-12.90%	75.89%	-41.74%	19.80%
Dividend Per Share	2.280	2.280	2.280	2.280	2.280	2.280
Operating Margin	60.06%	61.57%	57.36%	54.07%	48.12%	53.05%
Profit Margin	42.83%	44.82%	46.47%	57.78%	35.66%	60.08%
EBITDA	158.18	160.5	147.45	130.56	113.05	122.85
EBITDA Margin	78.04%	79.61%	76.87%	75.86%	72.77%	77.79%
D&A For Ebitda	36.43	36.37	37.42	37.5	38.3	39.07
EBIT	121.74	124.13	110.03	93.07	74.75	83.78
EBIT Margin	60.06%	61.57%	57.36%	54.07%	48.12%	53.05%
Funds From Operations (FFO)	125.3	125.7	105.04	102.53	86.24	94.56
FFO Per Share	2.79	2.84	2.54	2.56	2.20	2.41
Adjusted Funds From Operations (AFFO)	-	123.43	107.12	102.53	86.24	94.56
AFFO Per Share	-	2.77	2.57	2.54	2.20	2.41
FFO Payout Ratio	82.34%	79.98%	90.21%	89.25%	104.94%	95.45%
Revenue as Reported	207.51	209.85	197.24	175.15	155.32	159.34

Updated May 5, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q