LTC Properties vs National Health Investors
National Health Investors is the larger business, with $376m of revenue in fiscal 2025 against $263m for LTC Properties (1.4 times as much). LTC Properties grew faster (25.3% against 12.1%). LTC Properties kept more of each dollar of sales as profit: a net margin of 44.9% against 37.9%.
| Latest fiscal year | LTC PropertiesLTC, 2025 | National Health InvestorsNHI, 2025 |
|---|---|---|
| Revenue | $263m | $376m |
| Revenue growth | 25.3% | 12.1% |
| Net income | $118m | $142m |
| Operating margin | 77.9% | — |
| Net margin | 44.9% | 37.9% |
| Return on equity | 11.6% | 9.8% |
| Free cash flow | $129m | −$57.5m |
| Cash | $14.4m | $19.6m |
| Total debt | $845m | $1.18bn |
| Debt to equity | 78.6% | — |
| Dividend per share | — | $3.64 |
| Dividend yield | 4.6% | 5.3% |
| Share buybacks | — | — |
| Employees | 25 | 32 |
| Market value | $2.47bn | $3.31bn |
| Price vs our value range | — | — |
| Moat score | 68 (Moderate) | 75 (Strong) |
| Insider trades, 12 months | 11 buys, 1 sales | 2 buys, 0 sales |