LTC PROPERTIES INC (LTC) Form 8-K — Aug 5, 2026
LTC Properties reported second quarter 2026 results with total revenues of $98.9 million, up from $60.2 million a year earlier, and net income available to common stockholders of $29.5 million, or $0.56 per diluted share, versus $0.32 in the year-ago quarter. Diluted Nareit FFO per share rose to $0.66 from $0.51, while diluted Core FFO per share held flat at $0.68. Management raised its full-year 2026 mid-point investment guidance to $900 million, up 50% from the prior mid-point, and expects roughly $700 million of year-to-date SHOP acquisitions by the end of the third quarter.
Key figures
- Eps
- 0.56
- Revenue
- 98859000
- Guidance
- FY2026 diluted EPS $8.08-$8.10; diluted Core FFO per share $2.76-$2.78; diluted Core FAD per share $2.83-$2.85; gross investments raised to $700M-$1.1B ($900M midpoint, up 50%); dispositions and loan payoffs of $730M with anticipated gain on sale over $300M; SHOP NOI guidance raised to $71.2M-$79.9M
- Net Income
- 29479000
- Total Debt
- 777090000
- Revenue Yoy
- 64.1%
- Total Assets
- 2176858000
- Cash Position
- 40435000
- Shares Outstanding
- 53906000
- Q2 shop noi
- 13924000
- Fad per share
- 0.68
- Q2 core shop noi
- 13300000
- Core fad per share
- 0.7
- Core ffo per share
- 0.68
- Proforma liquidity
- 648000000
- Nareit ffo per share
- 0.66
- Credit facility total
- 1100000000
- Dividend per share q2
- 0.57
- Nareit ffo prior year
- 0.51
- Shop acquisitions ytd
- 171000000
- Gain on tennessee sale
- 8000000
- Anticipated q3 closings
- 529000000
- Credit facility increase
- 300000000
- Anticipated gain oregon sale
- 33000000
- Investment guidance midpoint
- 900000000
- Core ffo per share prior year
- 0.68
- Dispositions payoffs projection
- 730000000
- Shop pct of proforma noi target q3
- 40%
- Shop pct of proforma noi target ye
- ~50%
- Debt to annualized adjusted ebitdare
- 4.2x
Price after filing
Close on the filing date to close N calendar days later (from $38.48). Historical, not a forecast.
AI analysis
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