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LTC Properties Inc (LTC) stock

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NYSE: LTC NYSE Health Care REITs Next results ~November 3, 2026

B+ Fundamentals grade

LTC Properties Inc is a US-listed company in the health care REITs industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$56

Valuation models combined (2)

Base case. Range ~$45–$62. Weighted average of 2 models (funds-from-operations model, dividend discount (growing dividend)), the funds-from-operations model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

LTC Properties Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 1 selling11 purchases and 1 sale by directors and officers, last 12 monthsInsider trades
  • Funds175 adding, 96 cuttingOf 41 active managers that changed their stake, 22 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter LTC Properties files

Where LTC Properties stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $348m, up 59.8% on a year earlier, faster than the 49.0% growth a quarter earlier. That growth ranks 1 of 15 among the health care reits companies we cover. The diluted share count is up 7.4% on a year earlier, which dilutes existing holders.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

LTC Properties Inc's trailing-twelve-month revenue grew 59.8% year on year, with a free-cash-flow margin of 37.5%. Where it stands out: revenue growth of 59.8% ranks 1 of 17 health care reits companies we cover. Where it lags: stock pay as % of revenue of 2.5% ranks 13 of 16 health care reits companies we cover.

Current signal Revenue growth accelerating: TTM revenue growth rose to 59.8% (+10.8pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 59.8% over the last 12 months, against a median of 15.0% for health care reits companies we cover.
  • Growth speeding up. The growth rate is 10.8 points higher than a quarter earlier.
  • High operating margin. 62.6% of revenue is left as operating profit, against a median of 35.3% for health care reits companies we cover.
  • Strong cash generation. 37.5% of revenue turned into free cash flow.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
  • Margins narrowing. Operating margin is down 30.0 points on a year ago.
  • Share dilution. Diluted shares rose 7.4% in a year.
  • High debt. Long-term debt exceeds cash by $0.7bn, more than 1.5 times annual revenue.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 2.5% ranks 13 of 16 health care reits companies we cover (median 1.8%).
  • Short interest rising. Shares sold short rose 16% in a month to 7.2% of tradable shares.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$0.47 against an average estimate of $0.44: beat by 5.8%
Revenue
$99m, up 64.1% on a year earlier
Share reaction
+2.5% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
diluted earnings per common share $8.08 to $8.1 (Full Year 2026); diluted Core FFO per share $2.76 to $2.78 (Full Year 2026)
Next report
November 3, 2026; average EPS estimate $0.46

LTC Properties' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.9%
  • 1 week+2.7%
  • 1 month+5.5%
  • This year+37.8%
  • 1 year+36.5%
  • 5 years+89.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$348M
Operating margin
62.6%
Net margin
38.9%
EPS (TTM, diluted)
$2.77

Growth

Revenue growth
+59.8%
Change in growth rate
+10.8 pts
Share count change
+7.4%

Earnings

Last results
August 5, 2026
Next results (est.)
November 3, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Agreement
  3. Results
  4. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

LTC Properties Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value LTC Properties Inc as an equity reit, with every model that fits that kind of business. Cost of equity 7.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.53 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Funds-from-operations model Funds from operations growing 2.5% a year, discounted at 8%. ~$62 ~$52–$76 Primary model, counts double
Price-to-FFO vs peers Funds from operations per share times peers' typical (harmonic-mean) price-to-FFO. ~$1.2 ~$28–$58 Left out: out of range vs price (0.03x)
Dividend discount (growing dividend) Today's dividend growing 2.5% a year, discounted at the cost of equity. ~$45 ~$37–$56 Included
Combined value Weighted average of the models that apply: the primary model (funds-from-operations model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$56 ~$45–$62 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare LTC Properties Inc with equity REITs in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

68 /100

Moderate moat

How hard LTC Properties's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 8 / 20

    Net income has been a median 6.0% of total assets over 10 years.

  • Durability 19 / 20

    Operating margin has been a median 60.7%; its worst year was 37.2%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 55.3% of revenue.

  • Discipline 7 / 20

    The diluted share count rose 24.9% over five years; stock-based pay has been a median 4.2% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, after the close. Analysts expect revenue of $112m and EPS of $0.46 (range $0.45 to $0.47) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current — — $437m +66%
Next $1.61 — $658m +51%

Next year's EPS estimate has moved −2.1% in 90 days, across 2 analysts.

How the EPS forecast has moved

Consensus EPS forecast LTC Properties Inc, last 90 days
$1.50 $1.55 $1.60 $1.65 90 days ago 60 days ago 30 days ago 7 days ago Now Next fiscal year, 90 days ago: $1.65 Next fiscal year, 60 days ago: $1.50 Next fiscal year, 30 days ago: $1.57 Next fiscal year, 7 days ago: $1.57 Next fiscal year, Now: $1.61 $1.61

Average of analysts' published estimates (third-party data).

View chart data
Period Next fiscal year
90 days ago $1.65
60 days ago $1.50
30 days ago $1.57
7 days ago $1.57
Now $1.61

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.44 $0.47 +5.8%
Mar 2026 $0.44 $0.46 +4.2%
Dec 2025 $0.51 $0.47 −8.1%
Sept 2025 $0.47 $0.48 +2.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • Diluted earnings per common share Full Year 2026 $8.08 to $8.10 GAAP Raised
    “Diluted earnings per common share $8.08 to $8.10” source
  • Diluted Core FFO per share Full Year 2026 $2.76 to $2.78 Non-GAAP Narrowed
    “Diluted Core FFO per share $2.76 to $2.78” source
  • Diluted Core FAD per share Full Year 2026 $2.83 to $2.85 Non-GAAP Narrowed
    “Diluted Core FAD per share $2.83 to $2.85” source
  • Full-Year 2026 Mid-Point Investment Guidance · SHOP Full Year 2026 about $900m Raised
    “Increases Full-Year 2026 Mid-Point Investment Guidance to $900 Million, up 50% from Previous Mid-Point;” source
  • Asset sales and loan payoffs projections full year 2026 about $730m Raised
    “Asset sales and loan payoffs projections increased by $464.1 million, to $730.0 million, including $120.3 million of sales and payoffs through end of July 2026, with an anticipated gain on sale of over $300.0 million, of which $7.6 million has been recognized;” source
  • SHOP NOI full year 2026 $71.2m to $79.9m Raised
    “SHOP NOI, inclusive of expected net investments, in the range of $71.2 million to $79.9 million, an increase from $65.1 million to $77.2 million.” source
Show 4 more items
  • Core 27-property SHOP NOI · SHOP (core 27-property portfolio) full year 2026 $53.5m to $56.5m Narrowed
    “For the core 27-property SHOP portfolio as of the 2026 first quarter (13 initial conversions and 14 acquired properties, which excludes value-add conversions and additional acquisitions), SHOP NOI in the range of $53.5 million to $56.5 million.” source
  • SHOP FAD capital expenditures full year 2026 $4m to $4.4m
    “SHOP FAD capital expenditures in the range of $4.0 million to $4.4 million, or approximately $1,500 per unit annually;” source
  • SHOP non-FAD capital expenditures full year 2026 about $12.9m Raised
    “SHOP non-FAD capital expenditures of $12.9 million (an increase from $10.0 million), including $4.2 million announced for initial conversions, $6.8 million underwritten for acquired SHOP properties through the end of July 2026, and $1.9 million for value-add conversions of five properties;” source
  • General and administrative costs full year 2026 $31.7m to $33.9m
    “General and administrative costs in the range of $31.7 million to $33.9 million; and” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

8 analysts, Oct 2026
Buy338%
Hold563%
Sell00%

Monthly trend

  1. Oct 20262158
  2. Sep 20262158
  3. Aug 20262158
  4. Jul 2026178

Counts of recommendations published by analysts covering LTC Properties Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
7.2%
of tradable shares
Days to cover
4.83
at average volume
Short interest, 1 month
+16%
to October 15, 2026
Held by institutions
85%
of shares
Held by insiders
2.1%
of shares
Employees
25
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +36.5%

$33.06 on October 31, 2025 to $45.14

ThenNowEffect
Revenue (last 12 months) $218m $348m +59.8%
Net margin 38.2% 38.9% +1.8%
P/E multiple 18.1x 16.3x −9.9%
Share count 46m 49m −6.9%

Biggest factor: revenue.

Last 3 years +69.4%

$26.65 on November 3, 2023 to $45.14

ThenNowEffect
Revenue (last 12 months) $189m $348m +84.0%
Net margin 37.3% 38.9% +4.4%
P/E multiple 15.5x 16.3x +5.5%
Share count 41m 49m −16.4%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
LTC−7%+11%−3%+15%+6%+38%
Industry peers (median)+6%−21%+15%+16%+26%+11%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
LTC50%58%33%83%58%82%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
LTC−26%−21%−18%−12%−9%−12%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 51% from October 24, 2019 to March 18, 2020. Getting back needed a 106% gain, reached on August 19, 2022, 884 days after the low.

Price behaviour

52-week range
$32.31 – $45.14
From 52-week high
0.0%
vs 50-day average
+6.6%
vs 200-day average
+16.7%
Volatility (1 year)
21%
Beta vs S&P 500
-0.30

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
10 up, 2 down
typical move ±2.4%
After a week
11 up, 1 down
typical move ±3.0%
After a month
8 up, 4 down
typical move ±4.6%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 +2.5% −0.4% +0.5% +9.4%
May 6, 2026 +1.1% +1.1% +1.1% −5.2%
February 24, 2026 +1.0% +1.6% +0.7% −4.5%
November 4, 2025 +0.5% −0.8% +2.2% +0.6%
August 4, 2025 +2.5% +1.0% +4.4% +6.2%
May 5, 2025 +1.5% −1.4% +0.7% −0.5%
February 24, 2025 +0.5% −1.0% +3.9% +1.7%
October 28, 2024 +7.3% +0.5% +6.4% +10.2%
July 29, 2024 −7.0% −0.4% −7.3% −3.6%
April 29, 2024 +1.7% −1.2% +2.2% +3.7%
February 15, 2024 +1.7% +0.2% +3.4% +4.7%
October 26, 2023 −1.8% −1.6% +3.3% +4.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

LTC Properties Inc in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) LTC Properties Inc
$150M $200M $250M $300M $350M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $194.9M Revenue (TTM), FY23 Q4: $197.2M Revenue (TTM), FY24 Q1: $199.1M Revenue (TTM), FY24 Q2: $201M Revenue (TTM), FY24 Q3: $207.5M Revenue (TTM), FY24 Q4: $209.8M Revenue (TTM), FY25 Q1: $207.5M Revenue (TTM), FY25 Q2: $217.6M Revenue (TTM), FY25 Q3: $231.1M Revenue (TTM), FY25 Q4: $262.9M Revenue (TTM), FY26 Q1: $309.2M Revenue (TTM), FY26 Q2: $347.9M $347.9M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $194.9M
FY23 Q4 $197.2M
FY24 Q1 $199.1M
FY24 Q2 $201M
FY24 Q3 $207.5M
FY24 Q4 $209.8M
FY25 Q1 $207.5M
FY25 Q2 $217.6M
FY25 Q3 $231.1M
FY25 Q4 $262.9M
FY26 Q1 $309.2M
FY26 Q2 $347.9M
Revenue growth, TTM YoY LTC Properties Inc
0% 20% 40% 60% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 16.9% Revenue growth, TTM YoY, FY23 Q4: 12.6% Revenue growth, TTM YoY, FY24 Q1: 8.3% Revenue growth, TTM YoY, FY24 Q2: 6.3% Revenue growth, TTM YoY, FY24 Q3: 6.5% Revenue growth, TTM YoY, FY24 Q4: 6.4% Revenue growth, TTM YoY, FY25 Q1: 4.2% Revenue growth, TTM YoY, FY25 Q2: 8.3% Revenue growth, TTM YoY, FY25 Q3: 11.4% Revenue growth, TTM YoY, FY25 Q4: 25.3% Revenue growth, TTM YoY, FY26 Q1: 49.0% Revenue growth, TTM YoY, FY26 Q2: 59.8% 59.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 16.9%
FY23 Q4 12.6%
FY24 Q1 8.3%
FY24 Q2 6.3%
FY24 Q3 6.5%
FY24 Q4 6.4%
FY25 Q1 4.2%
FY25 Q2 8.3%
FY25 Q3 11.4%
FY25 Q4 25.3%
FY26 Q1 49.0%
FY26 Q2 59.8%
Operating margin (TTM) LTC Properties Inc
40% 60% 80% 100% 120% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 40.8% Operating margin (TTM), FY23 Q4: 94.0% Operating margin (TTM), FY24 Q1: 88.7% Operating margin (TTM), FY24 Q2: 94.3% Operating margin (TTM), FY24 Q3: 106.3% Operating margin (TTM), FY24 Q4: 70.0% Operating margin (TTM), FY25 Q1: 82.9% Operating margin (TTM), FY25 Q2: 92.6% Operating margin (TTM), FY25 Q3: 85.7% Operating margin (TTM), FY25 Q4: 77.9% Operating margin (TTM), FY26 Q1: 68.4% Operating margin (TTM), FY26 Q2: 62.6% 62.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 40.8%
FY23 Q4 94.0%
FY24 Q1 88.7%
FY24 Q2 94.3%
FY24 Q3 106.3%
FY24 Q4 70.0%
FY25 Q1 82.9%
FY25 Q2 92.6%
FY25 Q3 85.7%
FY25 Q4 77.9%
FY26 Q1 68.4%
FY26 Q2 62.6%
FCF margin (TTM) LTC Properties Inc
30% 40% 50% 60% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 52.5% FCF margin (TTM), FY23 Q4: 48.1% FCF margin (TTM), FY24 Q1: 49.8% FCF margin (TTM), FY24 Q2: 52.7% FCF margin (TTM), FY24 Q3: 49.7% FCF margin (TTM), FY24 Q4: 53.5% FCF margin (TTM), FY25 Q1: 58.2% FCF margin (TTM), FY25 Q2: 52.8% FCF margin (TTM), FY25 Q3: 52.6% FCF margin (TTM), FY25 Q4: 49.0% FCF margin (TTM), FY26 Q1: 41.6% FCF margin (TTM), FY26 Q2: 37.5% 37.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 52.5%
FY23 Q4 48.1%
FY24 Q1 49.8%
FY24 Q2 52.7%
FY24 Q3 49.7%
FY24 Q4 53.5%
FY25 Q1 58.2%
FY25 Q2 52.8%
FY25 Q3 52.6%
FY25 Q4 49.0%
FY26 Q1 41.6%
FY26 Q2 37.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 69 74 84 92 105 119 136 162 168 169 185 159 155 175 197 210 263 348
EBITDA — — — 72 80 94 100 120 123 190 121 135 93 137 223 236 243 262
Operating income — — — 50 55 68 71 84 85 152 82 96 55 99 185 199 205 218
Net income 44 46 49 51 58 73 73 85 87 155 81 95 56 100 90 91 118 135
Diluted EPS $1.27 $1.21 $1.36 $1.57 $1.63 $1.99 $1.94 $2.21 $2.20 $3.89 $2.02 $2.42 $1.41 $2.48 $2.16 $2.04 $2.52 $2.77
Growth (year on year)
Revenue — +8.0% +12.5% +10.6% +13.5% +13.3% +14.5% +18.6% +4.0% +0.3% +9.9% −14.0% −2.5% +12.8% +12.6% +6.4% +25.3% +59.8%
EBITDA — — — — +10.6% +17.3% +6.5% +19.8% +2.3% +54.7% −36.2% +11.2% −30.9% +46.7% +63.2% +5.8% +2.9% +10.2%
Operating income — — — — +10.1% +23.5% +3.3% +18.8% +1.3% +78.9% −46.2% +16.8% −42.7% +80.8% +87.2% +7.5% +2.7% +8.1%
Net income — +4.1% +7.4% +4.1% +12.7% +27.0% −0.4% +16.5% +2.6% +77.4% −48.0% +18.3% −41.4% +79.1% −10.3% +1.5% +29.6% +62.7%
Diluted EPS — −4.7% +12.4% +15.4% +3.8% +22.1% −2.5% +13.9% −0.5% +76.8% −48.1% +19.8% −41.7% +75.9% −12.9% −5.6% +23.5% +51.5%
Margins
EBITDA margin — — — 78.3% 76.3% 79.0% 73.5% 74.2% 73.0% 112.5% 65.3% 84.5% 59.9% 78.0% 113.0% 112.3% 92.3% 75.3%
Operating margin — — — 54.4% 52.8% 57.5% 51.9% 52.0% 50.6% 90.3% 44.2% 60.0% 35.3% 56.6% 94.0% 95.0% 77.9% 62.6%
Net margin 64.1% 61.7% 58.9% 55.5% 55.1% 61.7% 53.7% 52.7% 52.0% 91.9% 43.5% 59.8% 36.0% 57.1% 45.5% 43.4% 44.9% 38.9%
Free-cash-flow margin — 79.6% 80.5% 81.8% 76.3% 68.8% 69.6% 61.2% 60.9% 66.6% 64.6% 68.5% 54.7% 55.1% 48.1% 53.5% 49.0% 37.5%
Cash flow
Cash from operations 60 65 70 77 87 96 102 106 105 116 122 116 91 106 104 126 136 142
Capital spending — 6 3 1 7 14 8 7 3 3 3 7 6 9 10 14 7 11
Free cash flow — 59 67 76 80 82 95 99 102 112 120 109 85 97 95 112 129 130
Stock-based pay 1 1 1 2 3 3 4 4 5 6 7 7 8 8 8 9 9 9
Free cash flow after stock pay — 58 66 74 78 79 91 95 97 106 113 102 77 89 86 103 119 122
Balance sheet
Cash 9 7 4 7 7 25 13 8 5 3 4 8 5 10 20 9 14 40
Total debt 0 50 159 304 279 281 573 610 669 646 694 650 724 770 893 686 845 777
Net debt (negative = net cash) −9 43 155 297 272 255 560 602 663 643 690 642 719 759 873 676 830 737
Diluted shares 23m 25m 29m 30m 33m 37m 37m 39m 40m 40m 40m 39m 39m 40m 41m 44m 47m 49m
Returned to shareholders
Dividends 51 54 57 58 67 74 77 85 90 90 91 90 90 92 95 101 107 113
Buybacks 0 — — — — — — — — — — 18 — — — — — —
Total returned 51 54 57 58 67 74 77 85 90 90 91 108 90 92 95 101 107 113

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

Dividends (TTM)
$113M
Diluted share count
+7.4%
year over year
Total shareholder yield
4.6%
dividends 4.6% + buybacks 0.0% of market value
Dividend payout ratio
83%
of net income paid out

Competitors: side by side with peers

Closest by revenue in health care reits
Last 12 months unless stated LTC NHP DEA NHI CTRE STRW Median
Revenue, last 12 months $348m $344m $365m $432m $571m $160m $919m
Revenue growth, last 12 months 59.8% −1.2% 11.4% 23.9% 53.0% 18.3% 15.0%
Revenue growth, 3-year average 22.5% 0.2% 8.2% 12.0% 40.9% 18.4% 12.0%
Revenue growth, latest quarter 64.1% 2.6% 8.7% 33.8% 43.5% 5.8% 11.1%
Gross margin — 37.9% 77.2% — 100.0% — 60.1%
Operating margin 62.6% 3.2% 19.7% 58.1% — 54.5% 35.3%
Operating margin, 3-year average 83.2% −10.7% 15.9% 67.9% — 53.0% 35.7%
Net margin 38.9% −16.7% 4.0% 38.6% 62.2% 5.3% 7.8%
Cash from operations / revenue 40.7% 14.7% 44.2% 57.5% 78.2% 51.9% 41.7%
Free-cash-flow margin 37.5% 6.9% 9.7% 36.5% 58.3% 25.9% 15.1%
Free-cash-flow margin, 3-year average 47.6% −10.1% 23.6% 39.0% 59.7% 27.7% 19.1%
Stock pay / revenue 2.5% 1.6% 2.1% 1.5% 2.0% 2.1% 1.6%
Change in share count 7.4% 29.5% 6.1% 5.7% 23.8% 31.7% 6.1%

Median of all 17 companies we cover in health care reits. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

17 health care reits companies
Measure Company Peer median Rank
Revenue growth Growth 59.8% 15.0% 1 of 17
Change in growth rate Growth +10.8pp +1.1pp 1 of 17
Operating margin Profitability 62.6% 35.3% 1 of 5
Net margin Profitability 38.9% 7.8% 3 of 17
Stock pay as % of revenue Cash generation 2.5% 1.8% 13 of 16
Long-term debt as % of assets Balance sheet 35.7% 47.4% 3 of 14
Change in share count Balance sheet 7.4% 6.1% 10 of 17

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Real Estate Investments Portfolio $189M 72.4% ▼ 7.6%
Seniors Housing Operating Portfolio $72.1M 27.6% —

From LTC Properties Inc's 10-K filed February 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.7B
Institutions reporting
289
Shares held vs prior quarter
▲ 11.3%
Positions opened / closed
33 / 29

Top buyers and sellers, Q2 2026: 175 institutions bought and 96 sold ; the biggest buyer was Centersquare Investment Management LLC (+914K shares) and the biggest seller Qube Research & Technologies Ltd (−312K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $346M 9.0M 20.9% ▲ 8.4%
Vanguard Portfolio Management LLC $199M 5.2M 12.1% ▲ 5.9%
State Street Corp $129M 3.3M 7.8% ▲ 6.5%
Vanguard Capital Management LLC $88.4M 2.3M 5.4% ▲ 9.0%
Geode Capital Management, LLC $57.7M 1.5M 3.5% ▲ 11.4%
American Century Companies Inc $55.1M 1.4M 3.3% ▲ 7.8%
Two Sigma Investments, LP $46.2M 1.2M 2.8% ▼ 4.2%
Morgan Stanley $43.2M 1.1M 2.6% ▲ 10.7%
Charles Schwab Investment Management Inc $38.5M 1.0M 2.3% ▲ 10.2%
Centersquare Investment Management LLC $35.4M 921K 2.1% ▲ 14152.5%
Alyeska Investment Group, L.P. $34.4M 895K 2.1% New
Advisors Capital Management, LLC $31.1M 810K 1.9% ▲ 3.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not LTC Properties Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $1.4M 11 trades by 2 insiders, last 12 months Insider sales History → $123,562 1 trade by 1 insider · 0% under pre-set plans
Net ▲ $1.3M net buying
Insider Date Trade Shares Price Value
Gruber David L Director August 12, 2026 Buy 500 $38.30 $19,150
Gruber David L Director August 11, 2026 Buy 3,500 $38.30 $134,050
Triche Timothy Director July 13, 2026 Sell 3,125 $39.54 $123,562
Boitano David M EVP & CIO June 4, 2026 Buy 5,000 $34.85 $174,250
Boitano David M EVP & CIO June 4, 2026 Buy 5,000 $34.69 $173,450
Gruber David L Director May 21, 2026 Buy 4,000 $38.41 $153,640
Gruber David L Director March 5, 2026 Buy 7,000 $38.00 $266,000
Boitano David M EVP & CIO December 31, 2025 Buy 5,000 $34.30 $171,500
Boitano David M EVP & CIO December 31, 2025 Buy 5,000 $34.58 $172,900
Gruber David L Director November 7, 2025 Buy 1,000 $35.94 $35,940
Gruber David L Director November 6, 2025 Buy 2,000 $35.35 $70,700
Gruber David L Director November 6, 2025 Buy 2,000 $35.46 $70,920

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 2 trades and filings

No trades in LTC Properties Inc disclosed in the last 12 months; 2 earlier trades on record.

  • Zoe Lofgren(D-CA 19):Sale (full), $1,001 - $15,000, traded June 13, 2018, filed July 5, 2018
  • Zoe Lofgren(D-CA 19):Purchase, $1,001 - $15,000, traded June 15, 2017, filed July 18, 2017

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • February 24, 2026
  • November 4, 2025
  • August 4, 2025
  • May 5, 2025

Recent SEC filings

Data status

When each part of this page on LTC Properties Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

LTC Properties Inc in brief

What does LTC Properties Inc do?
LTC Properties Inc is a US-listed company in the health care REITs industry. Its financial year ends in December.
What is LTC Properties Inc's stock ticker?
LTC Properties Inc trades under the ticker LTC on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is LTC Properties Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, LTC Properties Inc reported revenue of $348M, 59.8% higher than a year earlier, according to its SEC filings.
What is LTC Properties Inc's free cash flow?
LTC Properties Inc's free-cash-flow margin is 37.5% of revenue over the trailing twelve months.
Who are LTC Properties Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is LTC Properties Inc's market cap?
On November 2, 2026, LTC Properties Inc's market capitalisation was about $2.2B, with a price-to-earnings ratio of 16.3 and net debt of $737M. Market figures come from third-party market data and may be delayed.
Does LTC Properties Inc pay a dividend?
Yes: LTC Properties Inc paid $113M in dividends over the trailing twelve months, a dividend yield of 4.64% and a payout ratio of 83.3%.
Who are LTC Properties Inc's competitors?
In our Health Care REITs peer group, the companies closest to LTC Properties Inc are National Healthcare Properties, Inc., Easterly Government Properties, Inc., National Health Investors Inc, Caretrust Reit, Inc. and Strawberry Fields Reit, Inc. The side-by-side comparison below sets their revenue, margins and growth against LTC Properties Inc's.
Are insiders buying or selling LTC Properties Inc stock?
Over the last 12 months, LTC Properties Inc's directors and officers reported 11 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is LTC Properties Inc's next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — LTC Properties Inc announces its own schedule.