LTC Properties, Inc. LTC
LTC is a real estate investment trust (REIT) focused on seniors housing and health care properties, principally investing through SHOP, triple-net leases, joint ventures, and structured finance solutions. The Company's portfolio includes nearly 190 properties throughout the United States. Based on gross real estate investments, 66% of the Company's assets are seniors housing communities with the remainder skilled nursing centers.
Snapshot
Reported FFO / Core FAD / leverage are from the Q1 2026 earnings release (filed 2026-05-06) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $262.85M | $117.97M | $37.87M | $197.24M | $135.98M |
| 2024 | $209.85M | $91.04M | $36.37M | $171.58M | $125.17M |
| 2023 | $197.24M | $89.73M | $37.42M | $175.89M | $104.40M |
| 2022 | $175.15M | $100.02M | $37.50M | $169.52M | $105.59M |
| 2021 | $155.32M | $55.86M | $38.30M | $121.89M | $91.18M |
| 2020 | $159.34M | $95.29M | $39.07M | $164.45M | $116.10M |
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-22 | 2026-06-22 | 2026-06-30 | 2026-04-01 | $0.19 | Monthly |
| 2026-05-21 | 2026-05-21 | 2026-05-29 | 2026-04-01 | $0.19 | Monthly |
| 2026-04-22 | 2026-04-22 | 2026-04-30 | 2026-04-01 | $0.19 | Monthly |
| 2026-03-23 | 2026-03-23 | 2026-03-31 | 2026-01-02 | $0.19 | Monthly |
| 2026-02-20 | 2026-02-20 | 2026-02-27 | 2026-01-02 | $0.19 | Monthly |
| 2026-01-22 | 2026-01-22 | 2026-01-30 | 2026-01-02 | $0.19 | Monthly |
| 2025-12-23 | 2025-12-23 | 2025-12-31 | 2025-10-01 | $0.19 | Monthly |
| 2025-11-20 | 2025-11-20 | 2025-11-28 | 2025-10-01 | $0.19 | Monthly |
| 2025-10-23 | 2025-10-23 | 2025-10-31 | 2025-10-01 | $0.19 | Monthly |
| 2025-09-22 | 2025-09-22 | 2025-09-30 | 2025-07-01 | $0.19 | Monthly |
| 2025-08-21 | 2025-08-21 | 2025-08-29 | 2025-07-01 | $0.19 | Monthly |
| 2025-07-23 | 2025-07-23 | 2025-07-31 | 2025-07-01 | $0.19 | Monthly |
| 2025-06-20 | 2025-06-20 | 2025-06-30 | 2025-04-01 | $0.19 | Monthly |
| 2025-05-22 | 2025-05-22 | 2025-05-30 | 2025-04-01 | $0.19 | Monthly |
| 2025-04-22 | 2025-04-22 | 2025-04-30 | 2025-04-01 | $0.19 | Monthly |
| 2025-03-21 | 2025-03-21 | 2025-03-31 | 2025-01-02 | $0.19 | Monthly |
| 2025-02-20 | 2025-02-20 | 2025-02-28 | 2025-01-02 | $0.19 | Monthly |
| 2025-01-23 | 2025-01-23 | 2025-01-31 | 2025-01-02 | $0.19 | Monthly |
| 2024-12-23 | 2024-12-23 | 2024-12-31 | 2024-10-01 | $0.19 | Monthly |
| 2024-11-21 | 2024-11-21 | 2024-11-29 | 2024-10-01 | $0.19 | Monthly |
| 2024-10-23 | 2024-10-23 | 2024-10-31 | 2024-10-01 | $0.19 | Monthly |
| 2024-09-20 | 2024-09-20 | 2024-09-30 | 2024-07-01 | $0.19 | Monthly |
| 2024-08-22 | 2024-08-22 | 2024-08-30 | 2024-07-01 | $0.19 | Monthly |
| 2024-07-23 | 2024-07-23 | 2024-07-31 | 2024-07-01 | $0.19 | Monthly |
Coverage (payout of operating cash flow): 78.07%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.