LTC Properties, Inc. operates as a health care real estate investment trust (REIT) in the United States. It invests in senior housing and long term healthcare properties, including skilled nursing properties, assisted living properties, independent living properties, and combinations through mortgage loans, property lease transactions, and other investments. Its portfolio consists of 89 skilled nursing properties, 102 assisted living properties, 14 other senior housing properties, 2 schools, and a parcel of land under development. As a REIT, the company would not be subject to federal income tax, if it distributes at least 90% of net taxable income to its stockholders.

Type
Public
HQ
Westlake Village, US
Founded
1992
Size (employees)
24 (est)
LTC Properties was founded in 1992 and is headquartered in Westlake Village, US
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LTC Properties Office Locations

LTC Properties has an office in Westlake Village
Westlake Village, US (HQ)
350 2829 Townsgate Rd
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LTC Properties Financials and Metrics

LTC Properties Revenue

LTC Properties's revenue was reported to be $168.07 m in FY, 2017
USD

Revenue (Q1, 2018)

41.8 m

Net income (Q1, 2018)

20.4 m

EBIT (Q1, 2018)

19.7 m

Market capitalization (11-Jul-2018)

1.7 b

Closing share price (11-Jul-2018)

42.4

Cash (31-Mar-2018)

3.8 m
LTC Properties's current market capitalization is $1.7 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

105 m119 m136.2 m161.6 m168.1 m

Revenue growth, %

13%14%19%

General and administrative expense

17.4 m17.5 m

Operating expense total

17.4 m86.8 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

32.4 m34.9 m38.6 m40 m40.8 m42.6 m42.5 m41.8 m

General and administrative expense

4 m3.7 m4.5 m4.1 m4.5 m4.7 m4.4 m4.8 m

Operating expense total

15.2 m16 m19 m19.9 m20.5 m21.6 m22.7 m22.1 m

Depreciation and amortization

9.4 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

6.8 m25.2 m12.9 m8 m5.2 m

Accounts Receivable

702 k597 k4.5 m9.7 m15.1 m

Inventories

Total Assets

931.4 m965.8 m1.3 b1.4 b1.5 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

60.3 m7.5 m8.1 m7.6 m3.4 m8.1 m11.7 m24.3 m17.8 m3.6 m8.7 m9.3 m3.8 m

Accounts Receivable

726 k677 k655 k661 k1.2 m2.1 m3.4 m5.8 m7.1 m8.4 m10.9 m12.3 m16.5 m

Total Assets

841.2 m942.2 m945.2 m952.6 m995.4 m1 b1.2 b1.3 b1.4 b1.4 b1.4 b1.4 b1.5 b

Long-term debt

2 m1.4 m1.4 m1.4 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

57.8 m73.4 m73.1 m85.1 m87.3 m

Depreciation and Amortization

25.5 m29.4 m35.9 m37.6 m

Inventories

Accounts Payable

418 k601 k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

43.2 m17 m35.3 m52.4 m17.6 m35.5 m55.1 m19.9 m42 m64.4 m21.5 m46.9 m20.4 m

Depreciation and Amortization

6.3 m12.6 m18.9 m6.8 m13.8 m21.1 m8.6 m17.5 m26.6 m9.4 m18.7 m9.4 m

Accounts Payable

(1.1 m)(1 m)(1.1 m)18 k(1 m)(1.1 m)72 k(358 k)(416 k)(1.2 m)

Cash From Operating Activities

60.2 m19.8 m45.2 m69.3 m17.9 m44 m70.5 m19.6 m50.8 m79.6 m21.1 m47.3 m21.6 m
USDY, 2018

Financial Leverage

2 x
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LTC Properties News and Updates

LTC Properties inks joint venture with Tealwood Senior Living and Tukka Properties

LTC Properties, a real estate investment trust that invests in senior housing and health care properties, has agreed to a real estate joint venture with affiliates of Tealwood Senior Living and Tukka Properties. The venture will focus on acquiring a land parcel and develop Cedarburg, Wisconsin-based…
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LTC Properties Company Life and Culture

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