LTC Properties, Inc. - LTC STOCK NEWS

LTC Properties, Inc. (NYSE: LTC) has expanded its partnership with Ignite Medical Resorts by acquiring four LuxeRehab centers in Texas for approximately $52 million. The centers have a total of 339 beds and will operate under a 10-year lease with Ignite, featuring rent escalation based on Medicare rates. LTC expects to receive about $1.0 million in rent per quarter by late 2022 and approximately $4.3 million in 2023. LTC is committed to growth and new investments while continuing to support Ignite.

LTC Properties (NYSE:LTC) has declared a monthly cash dividend of $0.19 per share for the second quarter of 2022. The dividend will be payable on April 29, May 31, and June 30, 2022, to stockholders of record on April 21, May 23, and June 22, 2022, respectively. LTC Properties focuses on real estate investments in seniors housing and health care properties, managing 198 properties across 29 states.

LTC Properties Inc. (NYSE: LTC), a real estate investment trust focused on seniors housing and health care properties, will participate in the Credit Suisse Inaugural Healthcare REIT Summit in New York on April 5, 2022. The presentation package will be accessible online for investors. LTC's portfolio comprises 198 properties across 29 states, evenly split between seniors housing and skilled nursing facilities. The company's investment strategies include sale-leasebacks, mortgage financing, and joint ventures.

LTC Properties, Inc. (NYSE: LTC) has announced a $25 million mezzanine loan to recapitalize a five-property seniors housing portfolio located in Oregon and Montana. The loan features an 8% interest rate and a term of five years with two one-year extension options, yielding an internal rate of return (IRR) of 11%. This investment aligns with LTC's strategy to foster growth and strengthen ties with regional operators, enhancing its portfolio of 198 properties across 29 states.

LTC Properties, Inc. (NYSE: LTC) reported fourth-quarter results for 2021, showing a net income of $12.7 million, down from $17.5 million in 2020. Diluted earnings per share decreased to $0.32 from $0.45, while NAREIT FFO fell to $22.1 million, a decline from $30.4 million in the prior year. Factors impacting results included lower rental income from property transitions, increased general and administrative expenses, and higher provisions for credit losses. LTC originated several new mortgage loans totaling $96.2 million, aiming for enhanced rental income in 2022.

LTC Properties, Inc. (NYSE:LTC) is set to release its fourth quarter earnings on February 17, 2022, after market close. A conference call will be held on February 18, 2022, at 8:00 a.m. Pacific to discuss the performance for the quarter ending December 31, 2021. LTC owns or holds mortgages on 190 properties across 27 states, primarily in seniors housing and skilled nursing. Investors can access the call via the provided toll-free numbers and web link. A replay will be available until March 4, 2022.

LTC Properties, Inc. (NYSE:LTC) has declared a monthly cash dividend of $0.19 per common share for January, February, and March 2022. The dividends will be payable on January 31, February 28, and March 31, 2022, to stockholders of record on January 21, February 18, and March 23, 2022. LTC is a REIT focused on seniors housing and healthcare properties, owning or holding mortgages on 190 properties across 27 states.

LTC Properties, Inc. (NYSE: LTC) has announced a $52.5 million unitranche loan for the acquisition of a 13-property seniors housing portfolio in North and South Carolina. This financing package includes an additional $6.1 million for capital improvements and $650,000 for working capital, totaling an estimated $60 million investment. The loan carries a 7.25% interest rate with an internal rate of return of 8% and matures in four years. Wendy Simpson, the Chairman and CEO, emphasized LTC's strong balance sheet and successful history in providing financing solutions to regional operators.

LTC Properties, Inc. (NYSE: LTC) reported third-quarter 2021 results, revealing a net income of $10.9 million, down from $12.1 million in 2020. Diluted earnings per share were $0.28 versus $0.31 last year. NAREIT FFO attributable to common stockholders fell to $17.7 million, compared to $22.8 million in Q3 2020. Key factors impacting performance included lower rental income due to unpaid leases, although this was offset by increased rental income from re-leasing properties and completed developments. LTC transitioned several assisted living facilities and executed a $3.25 million settlement with Senior Care and Abri Health.