LTC Properties

OverviewSuggest Edit

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.

TypePublic
Founded1992
HQWestlake Village, USMap
Websiteltcreit.com

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Latest Updates

Employees (est.) (Feb 2019)20
Revenue (FY, 2018)$168.6 M
Share Price (Mar 2019)$44.6 (-1%)

Key People/Management at LTC Properties

Wendy Simpson

Wendy Simpson

Chairman, CEO & President
Clint Malin

Clint Malin

Executive Vice President and Chief Investment Officer
Peter Lyew

Peter Lyew

Vice President and Director of Tax
Gibson Satterwhite

Gibson Satterwhite

Vice President, Asset Management
Mandi Hogan

Mandi Hogan

Vice President, Marketing
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LTC Properties Office Locations

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

LTC Properties Revenue

LTC Properties's revenue was reported to be $168.65 m in FY, 2018
USD

Revenue (FY, 2018)

168.6m

Net income (FY, 2018)

155.1m

EBIT (FY, 2018)

152.2m

Market capitalization (15-Mar-2019)

1.8b

Closing stock price (15-Mar-2019)

44.6

Cash (31-Dec-2018)

2.7m
LTC Properties's current market capitalization is $1.8 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

105.0m119.0m136.2m161.6m168.1m168.6m

Revenue growth, %

13%14%19%

General and administrative expense

15.1m17.4m17.5m19.2m

Operating expense total

65.5m81.2m86.8m87.1m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

32.4m34.9m38.6m40.0m40.8m42.6m42.5m41.2m41.8m41.5m41.8m

General and administrative expense

4.0m3.7m4.5m4.1m4.5m4.7m4.4m4.1m4.8m4.7m4.9m

Operating expense total

15.2m16.0m19.0m19.9m20.5m21.6m22.7m21.2m22.1m21.6m21.9m

Depreciation and amortization

7.0m7.4m8.6m8.9m9.2m9.4m9.3m9.5m9.4m9.3m9.4m
show all
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

6.8m25.2m12.9m8.0m5.2m2.7m

Accounts Receivable

702.0k597.0k4.5m9.7m15.1m20.7m

Inventories

Total Assets

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

Cash

60.3m7.5m8.1m7.6m3.4m8.1m11.7m24.3m17.8m3.6m8.7m9.3m3.8m3.8m4.3m20.4m

Accounts Receivable

726.0k677.0k655.0k661.0k1.2m2.1m3.4m5.8m7.1m8.4m10.9m12.3m13.7m16.5m17.9m19.3m

Total Assets

841.2m942.2m945.2m952.6m995.4m1.0b1.2b1.3b1.4b1.4b1.4b1.4b1.4b1.5b1.5b1.5b

Long-term debt

2.0m1.4m1.4m1.4m
show all
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

57.8m73.4m73.1m85.1m87.3m155.1m

Depreciation and Amortization

25.5m29.4m35.9m37.6m37.6m

Inventories

Accounts Payable

418.0k601.0k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

43.2m17.0m35.3m52.4m17.6m35.5m55.1m19.9m42.0m64.4m21.5m46.9m67.5m20.4m89.3m124.2m

Depreciation and Amortization

6.3m12.6m18.9m6.8m13.8m21.1m8.6m17.5m26.6m9.4m18.7m28.2m9.4m18.7m28.2m

Accounts Payable

(1.1m)(1.0m)(1.1m)18.0k(1.0m)(1.1m)72.0k(358.0k)(416.0k)(567.0k)(1.2m)(171.0k)(1.8m)

Cash From Operating Activities

60.2m19.8m45.2m69.3m17.9m44.0m70.5m19.6m50.8m79.6m21.1m47.3m76.1m21.6m55.5m83.4m
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USDY, 2018

Revenue/Employee

8.4m

Financial Leverage

1.8 x
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Competitors

CITIC
Financial Services - Private
Wheelock & Co
Financial Services - Public
Columbia Property Trust
Financial Services - Public
Douglas Emmett
Financial Services - Public
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LTC Properties News and Updates

July 19, 2018

LTC Properties: Buy The Drop

May 11, 2018

LTC Properties Inc. 2018 Q1 - Results - Earnings Call Slides

May 10, 2018

LTC Properties' (LTC) CEO Wendy Simpson on Q1 2018 Results - Earnings Call Transcript

January 03, 2018

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 Frequently Asked Questions

  • When was LTC Properties founded?

    LTC Properties was founded in 1992.

  • Who are LTC Properties key executives?

    LTC Properties's key executives are Wendy Simpson, Clint Malin and Peter Lyew.

  • How many employees does LTC Properties have?

    LTC Properties has 20 employees.

  • What is LTC Properties revenue?

    Latest LTC Properties annual revenue is $168.6 m.

  • What is LTC Properties revenue per employee?

    Latest LTC Properties revenue per employee is $8.4 m.

  • Who are LTC Properties competitors?

    Competitors of LTC Properties include CITIC, Wheelock & Co and Columbia Property Trust.

  • Where is LTC Properties headquarters?

    LTC Properties headquarters is located at 2829 Townsgate Rd #350, Westlake Village.

  • Where are LTC Properties offices?

    LTC Properties has an office in Westlake Village.

  • How many offices does LTC Properties have?

    LTC Properties has 1 office.

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