| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 95.41 | 94.6% |
| Total Income | 95.41 | 94.6% |
| Expenditure | 70.63 | 130.4% |
| PBT | 24.78 | |
| Net Profit | 23.59 | 14.1% |
| OPM | 59.14% | 21.29pp |
| NPM | 24.73% | 17.45pp |
| EPS | 0.48 | 6.7% |
LTC Properties Reports Q1 2026 Results
07 May 2026 · 7 May, 2:17 am
Summary
LTC Properties, Inc. announced operating results for the first quarter ended March 31, 2026. Total revenues for the quarter were $95.41 million, and net income available to common stockholders was $23.44 million, or $0.48 per diluted share. The company completed $108.0 million in SHOP acquisitions during the quarter and anticipates an additional $250 million in SHOP acquisitions in the second quarter. LTC is reaffirming its full year 2026 guidance, with diluted earnings per common share expected to be between $1.80 and $1.84.
Key Highlights
- 1
LTC Properties reported total revenues of $95.41 million for the first quarter ended March 31, 2026.
- 2
Net income available to common stockholders was $23.44 million, or $0.48 per diluted share, for Q1 2026.
- 3
Nareit funds from operations attributable to common stockholders (FFO) was $35.43 million, or $0.72 per diluted share.
- 4
The company completed SHOP acquisitions of $108.0 million in the first quarter of 2026.
- 5
An additional $250 million in SHOP acquisitions are anticipated to close in the second quarter of 2026.
- 6
SHOP NOI for Q1 2026 was $12.7 million, in line with guidance, and the full year 2026 SHOP guidance is reiterated.
- 7
The company sold a portfolio of three skilled nursing centers in Florida for $64.0 million in Q1 2026.
Management Comments
Clint Malin
“Our capabilities, reputation and culture are resonating with sellers and operators, and these relationships are driving investment opportunities and record external growth. We have strong conviction that our SHOP strategy is the right one to create a higher growth profile company with better risk-adjusted returns to drive shareholder value.”
Pam Kessler
“What began last year through the combination of acquisitions and conversions of nearly $570 million of seniors housing communities, ramps up this year with an additional $600 million of SHOP acquisitions projected at the mid-point of guidance. These SHOP acquisitions, combined with approximately $265 million of skilled nursing divestitures, will result in 40% of LTC’s annualized NOI coming from SHOP by year-end.”
Informational and educational content only. Not investment advice.