LTC Properties Inc income statement
In fiscal 2025, LTC Properties Inc reported revenue of $263m, up 25.3% on the year before, operating income of $205m (a 77.9% margin) and net income of $118m, or $2.52 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 69 | 74 | 84 | 92 | 105 | 119 | 136 | 162 | 168 | 169 | 185 | 159 | 155 | 175 | 197 | 210 | 263 | 348 |
| General and administrative | 7 | 10 | 10 | 11 | 12 | 12 | 15 | 17 | 18 | 19 | 18 | 20 | 21 | 24 | 24 | 27 | 31 | 32 |
| Operating income | — | — | — | 50 | 55 | 68 | 71 | 84 | 85 | 152 | 82 | 96 | 55 | 99 | 185 | 199 | 205 | 218 |
| Interest expense | 2 | 3 | 6 | 10 | 11 | 13 | 17 | 26 | 30 | 30 | 31 | 30 | 27 | 31 | 47 | — | — | — |
| Provision for credit losses | — | — | — | — | — | — | 0 | 0 | — | −0 | 2 | 23 | 1 | 0 | −1 | 0 | 2 | — |
| Income before tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 53 | 84 | 39 | 53 |
| Income tax | — | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| 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 |
| Diluted shares (average) | 23m | 25m | 29m | 30m | 33m | 37m | 37m | 39m | 40m | 40m | 40m | 39m | 39m | 40m | 41m | 44m | 47m | 49m |
| EBITDA | — | — | — | 72 | 80 | 94 | 100 | 120 | 123 | 190 | 121 | 135 | 93 | 137 | 223 | 236 | 243 | 262 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 56 | 53 | 49 | 60 | 69 | 84 | 95 | 99 |
| General and administrative | 7 | 7 | 7 | 8 | 8 | 8 | 9 | 8 |
| Operating income | 53 | 50 | 50 | 48 | 50 | 57 | 56 | 55 |
| Provision for credit losses | 0 | 0 | 0 | 0 | 1 | 0 | — | — |
| Income before tax | 27 | 18 | 18 | 16 | −18 | 24 | 25 | 23 |
| Income tax | — | — | — | −0 | 0 | 0 | 0 | 0 |
| Net income | 29 | 18 | 21 | 15 | −20 | 102 | 24 | 30 |
| Diluted EPS | $0.66 | $0.39 | $0.45 | $0.32 | −$0.44 | $2.19 | $0.48 | $0.56 |
| EBITDA | 62 | 59 | 59 | 57 | 59 | 68 | 68 | 67 |
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