LTC PROPERTIES INC (LTC) Form 10-Q — Nov 3, 2026
LTC Properties reported Q3 2026 net income of $349.3 million ($6.39 diluted EPS) versus a loss of $18.5 million a year earlier, with nine-month net income of $405.1 million. Results were driven by $331.5 million of net gains on the sale of 36 properties, including a 17-property seniors housing portfolio and several skilled nursing portfolios. The company continued its aggressive pivot to the SHOP segment, acquiring 17 seniors housing communities for $737.3 million year-to-date and four more for $208.3 million after quarter-end. SHOP now represents 49.0% of gross portfolio investments, and SHOP NOI reached $46.4 million for the nine months.
Key figures
- Eps
- 7.7
- Revenue
- 309516000
- Net Income
- 405095000
- Revenue Yoy
- total revenues up $130,955 thousand for nine months ($309.5M vs $178.6M)
- Cash Position
- 182983000
- Shares Outstanding
- 56191669
- Prestige loan
- $179.9M expected repayment Q4 2026
- Q3 net income
- $349.3M
- Q3 diluted eps
- 6.39
- Gross portfolio
- $2,800,153 thousand
- Impairment loss
- $2,310 thousand (South Carolina seniors housing)
- Interest coverage
- 4.6x
- Property sales gain
- $331.5M on 36 properties
- Nareit ffo nine months
- $109,670 thousand diluted
- Shop acquisitions 2026
- $737.3M (17 communities)
- Subsequent acquisitions
- $208.3M (4 communities, 512 units)
- Debt to gross asset value
- 32.0%
- Net investments carrying value
- $2,481,528 thousand
- Dividends per share nine months
- 1.71
AI analysis
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