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, a real estate investment trust, reported its Q1 2021 results, showing a net income of $13.6 million ($0.35 per share), down from $63.4 million in Q1 2020. Funds from Operations (FFO) fell to $24.3 million, with FFO per diluted share at $0.62. The company faced challenges including a $773,000 net loss on property sales and decreased rental income due to nonpayments from Senior Lifestyle Corporation. LTC initiated rent reductions to support operators affected by COVID-19. Noteworthy transitions included 11 properties to new operators, with a total anticipated cash rent of $5.2 million for the first lease year.
LTC Properties (NYSE:LTC) will release its first quarter earnings on April 29, 2021, after market close. A conference call discussing the performance for the quarter ending March 31, 2021, is scheduled for April 30, 2021, at 8:00 AM PT (11:00 AM ET). Interested parties can access the call via webcast or through provided toll-free numbers. LTC, a real estate investment trust, focuses on senior housing and health care properties, operating a portfolio of 181 investments across 27 states.
LTC Properties (NYSE: LTC), a REIT focusing on seniors housing and healthcare, will participate in the Virtual 2nd Annual Mizuho Healthcare REIT Conference on April 6, 2021. The company will provide a presentation package available online at its investor relations site. LTC's portfolio includes 181 investments across 27 states, equally split between seniors housing and skilled nursing properties. This event showcases LTC’s commitment to the healthcare sector while providing stakeholders insights into its operations and future strategies.
LTC Properties, Inc. (NYSE:LTC) declared a monthly cash dividend of $0.19 per common share for the second quarter of 2021. The payments are scheduled for April 30, May 28, and June 30, 2021, with record dates of April 22, May 20, and June 22, 2021. LTC is a real estate investment trust focused on seniors housing and healthcare properties, with 181 investments across 27 states, evenly split between seniors housing and skilled nursing. This dividend reflects the company’s commitment to shareholder returns.
LTC Properties Inc. (NYSE: LTC) has appointed Cornelia Cheng to its Board of Directors, effective April 1, 2021, expanding the board to six members, with 50% being women. Cheng brings over 20 years of experience in corporate finance, M&A, and REITs, notably serving as Managing Director at Brightwood Capital Advisors. The board also announced the formation of a new committee focused on diversity and ESG initiatives, which Cheng will chair. This addition is expected to enhance board performance and strategic direction as LTC continues to invest in its seniors housing and healthcare property portfolio.
LTC Properties Inc. (NYSE: LTC) announced participation in the Virtual 24th Annual Wells Fargo Real Estate Securities Conference on February 24, 2021. The presentation package will be accessible on LTC's website. As a real estate investment trust, LTC focuses on seniors housing and health care properties through diverse financial strategies, holding 181 investments across 27 states with a balanced portfolio of 50% seniors housing and 50% skilled nursing properties. For more information, visit www.LTCreit.com.
LTC Properties (NYSE: LTC) reported a net income of $17.5 million, or $0.45 per diluted share, for Q4 2020, up from $12.4 million, or $0.31 per diluted share, in Q4 2019. Funds from Operations (FFO) decreased to $30.4 million, or $0.78 per share, compared to $32.4 million, or $0.81 per share, in 2019. The quarter was impacted by a $3.0 million impairment loss and decreased rental income from abated and deferred rent. LTC is transitioning 11 assisted living communities to new operators, expecting cash rent of $5.2 million in the first year.
LTC Properties (NYSE:LTC) will release its fourth-quarter earnings on February 18, 2021, after market close. A conference call is scheduled for February 19, 2021, at 8:00 AM PT to discuss performance and results for the quarter ending December 31, 2020. Interested parties can access the live call through a provided toll-free number or via webcast on the company’s website. LTC is a REIT focused on investing in seniors housing and healthcare properties, holding 181 investments across 27 states.
LTC Properties (NYSE: LTC), a real estate investment trust focusing on seniors housing and healthcare, will have senior management participate in the Capital One Securities Inaugural REIT Conference on January 11-12, 2021. Additionally, they will participate in the Stifel 2021 Seniors Housing and Healthcare Real Estate Conference on January 19, 2021. Presentation packages will be available on their website. LTC owns 181 investments across 27 states, split evenly between seniors housing and skilled nursing properties.
LTC Properties announced a monthly cash dividend of $0.19 per common share for January, February, and March 2021. These dividends are payable on January 29, February 26, and March 31, 2021, to shareholders of record on January 21, February 18, and March 23, 2021, respectively. The company operates as a real estate investment trust (REIT) focused on seniors housing and healthcare properties across 27 states and holds 181 investments, splitting evenly between seniors housing and skilled nursing properties.
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