Welcome to our dedicated page for LTC Properties news (Ticker: LTC), a resource for investors and traders seeking the latest updates and insights on LTC Properties stock.
LTC Properties, Inc. (symbol: LTC) is a prominent real estate investment trust (REIT) headquartered at 2829 Townsgate Road, Westlake Village, California, USA. Specializing in healthcare facilities, LTC Properties focuses on investing in senior housing and healthcare properties through various financial instruments such as mortgage loans, property lease transactions, and other investments.
The company's diverse portfolio includes several types of properties aimed at different aspects of senior care, including:
- Independent Living Communities: Facilities that provide housing and amenities tailored for seniors who are capable of living independently.
- Assisted Living Communities: Properties that offer accommodations and care for seniors who require some assistance with daily activities.
- Memory Care Communities: Specialized facilities designed to support residents with Alzheimer's disease and other memory-related conditions.
- Skilled Nursing Centers: Facilities that provide high-level medical care and assistance for seniors with significant healthcare needs.
- Other Healthcare Properties: Various other types of healthcare-related properties that meet the needs of seniors and healthcare professionals.
In recent years, LTC Properties has shown solid growth through strategic acquisitions and partnerships, which have expanded its real estate holdings and strengthened its market position. The company's financial health remains robust, supported by a steady stream of rental income and interest from its diversified investments.
LTC Properties is committed to delivering value to its shareholders while providing high-quality housing and healthcare environments for seniors. The company's strategic approach ensures a balanced portfolio that mitigates risk and maximizes returns.
LTC Properties announced key leadership changes effective December 31, 2024, as part of its succession plan. Wendy Simpson, who has served as CEO since 2007, will become Executive Chairman of the Board. Pam Kessler and Clint Malin, both current Co-Presidents, have been promoted to Co-Chief Executive Officers. Cece Chikhale, currently Chief Accounting Officer, will assume the role of Chief Financial Officer.
The company is actively searching for a new Chief Investment Officer to succeed Malin, who will maintain this function until a replacement is found. These appointments recognize the executives' long-term contributions to LTC and align with the company's strategy for a new growth phase through ongoing investments and the addition of a RIDEA structure to its business.
LTC Properties (NYSE: LTC), a real estate investment trust focused on seniors housing and health care properties, has announced its participation in Nareit's REITworld 2024: Annual Conference. The event will take place on November 19-20 in Las Vegas. The company's senior management will be present, and investors can access the presentation materials through LTC's investor relations website at ir.ltcreit.com/Investors.
LTC Properties reported strong Q3 2024 results with total revenues increasing to $55.8M from $49.3M year-over-year. Net income available to common stockholders rose to $29.2M ($0.66 per share) from $22.1M ($0.54 per share). The company improved liquidity through balance sheet de-levering, including repayment of $41.6M under its unsecured revolving line of credit and $34.2M in scheduled principal paydowns. Notable transactions include a $26.1M mortgage loan commitment for an Illinois facility, receipt of $29.3M from a Louisiana mortgage loan payoff, and sale of a Texas assisted living community for $8M. Post-quarter, LTC's liquidity stands at $285.5M.
LTC Properties Inc. (NYSE: LTC) has announced the date for its third quarter 2024 earnings release and conference call. The company will release its earnings on Monday, October 28, 2024 after market close. A conference call to discuss the performance and operating results for the quarter ended September 30, 2024, will be held on Tuesday, October 29, 2024, at 8:00 a.m. Pacific / 11:00 a.m. Eastern.
Interested parties can access the live conference call via webcast at www.LTCReit.com or by phone using the provided toll-free and international numbers. A replay of the call will be available one hour after the live call through November 12, 2024. The earnings release and supplemental information package will be accessible on the company's investor relations website.
LTC Properties Inc. (NYSE: LTC) has announced its monthly cash dividend for the fourth quarter of 2024. The company will distribute $0.19 per common share for each month of the quarter. The dividend payments are scheduled as follows:
- October 31, 2024 (Record Date: October 23, 2024)
- November 29, 2024 (Record Date: November 21, 2024)
- December 31, 2024 (Record Date: December 23, 2024)
This declaration demonstrates LTC's commitment to providing consistent returns to its shareholders through regular dividend payments.
LTC Properties, a real estate investment trust focused on seniors housing and health care properties, has announced its participation in the 2024 NYSE Real Estate Investor Access Day. The event is scheduled for Thursday, August 8, 2024. LTC's senior management will be present at this significant industry gathering.
Investors and interested parties can access LTC's presentation package online through the company's investor relations website at https://ir.ltcreit.com/Investors. This presentation is expected to provide valuable insights into LTC's business strategy, portfolio performance, and future outlook in the seniors housing and healthcare real estate sectors.
The NYSE Real Estate Investor Access Day offers a platform for real estate companies to connect with investors and showcase their investment opportunities. LTC's participation underscores its commitment to transparency and engagement with the investment community.
LTC Properties, a REIT focusing on seniors housing and health care properties, reported its 2024 second quarter results. Key highlights include:
- Total revenues increased to $50.1 million, up from $48.2 million in Q2 2023
- Net income available to common stockholders rose to $19.2 million ($0.44 per diluted share), compared to $6.0 million ($0.15 per share) in Q2 2023
- NAREIT FFO attributable to common stockholders increased to $28.2 million ($0.65 per diluted share)
- The company made several portfolio updates, including a $12.7 million mortgage loan origination and restructuring agreements with ALG Senior
- LTC's total liquidity stood at $189.3 million as of June 30, 2024
LTC Properties (NYSE: LTC) has announced the release of its second quarter earnings for 2024 on July 29, 2024, after market close. A conference call is scheduled for July 30, 2024, at 8:00 a.m. Pacific / 11:00 a.m. Eastern to discuss the company's performance for the quarter ending June 30, 2024. Interested parties can access the live webcast at www.LTCReit.com or by phone. A replay will be available an hour after the call and through August 13, 2024, accessible via both toll-free and international numbers. Additionally, the earnings release and supplemental information will be posted on the company's investor relations website.
LTC Properties has declared a monthly cash dividend of $0.19 per common share for Q3 2024. The distribution dates are:
- July 31, 2024, for shareholders recorded by July 23, 2024
- August 30, 2024, for shareholders recorded by August 22, 2024
- September 30, 2024, for shareholders recorded by September 20, 2024
This announcement reaffirms LTC's commitment to providing consistent returns to its investors.
LTC Properties (NYSE: LTC), a real estate investment trust focused on seniors housing and healthcare properties, has announced its participation in Nareit’s REITWeek 2024 Investor Conference. This event will take place from June 4-6 in New York City. Senior management will be presenting, and the presentation package will be available online at LTC's investor relations website.
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