Quarterly ResultAug 5, 2026, 04:32 PM
LTC Properties Q2 EPS $0.56; Raises 2026 Investment Guidance to $900M
AI Summary
LTC Properties Inc. reported strong second-quarter 2026 results, with diluted earnings per common share increasing to $0.56 from $0.32 year-over-year, and total revenues reaching $98.86 million. The company significantly raised its full-year 2026 investment guidance mid-point to $900 million, a 50% increase, driven by its Seniors Housing Operating Portfolio (SHOP) strategy. SHOP is now expected to contribute 40% of proforma annualized NOI by the end of Q3, ahead of estimates, with a long-term goal of 75% by 2028. LTC also enhanced its credit facility to $1.1 billion and updated its 2026 diluted EPS guidance to $8.08-$8.10.
Key Highlights
- Q2 2026 diluted EPS increased to $0.56 from $0.32 year-over-year.
- Total revenues rose to $98.86 million in Q2 2026 from $60.24 million.
- Increased full-year 2026 investment guidance mid-point to $900 million, up 50%.
- SHOP projected to represent 40% of proforma annualized NOI by end of Q3 2026.
- Enhanced credit facility by $300 million to $1.1 billion, with $648 million proforma liquidity.
- Completed $171 million in Q2 acquisitions and $208 million in Q3 subsequent acquisitions.
- Projected 2026 dispositions and loan payoffs total $730 million.
- Updated 2026 diluted EPS guidance to $8.08-$8.10.
Price Impact
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