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LTC Properties (LTC) Financials

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Annual Income Statements for LTC Properties

Annual Income Statements for LTC Properties

This table shows LTC Properties' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Income / (Loss) Attributable to Common Shareholders		 90 89 99 55 95 80 154 87 85 70 70
Consolidated Net Income / (Loss)		 95 91 101 56 96 81 155 87 85 73 73
Net Income / (Loss) Continuing Operations		 95 90 101 56 96 81 152 87 85 73 73
Total Pre-Tax Income 		92 90 99 55 96 82 152 85 84 71 68
Total Revenue		 218 235 213 135 203 157 209 142 162 136 119
Net Interest Income / (Expense)		 0.00 0.00 0.00 -27 0.00 -31 -30 -26 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.64 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 0.00 27 0.00 31 30 30 0.00 0.00 0.00
Total Non-Interest Income		 218 235 213 163 203 187 239 168 162 136 119
Other Service Charges		 78 55 47 34 33 33 33 27 28 23 17
Net Realized & Unrealized Capital Gains on Investments		 7.98 37 38 7.46 44 2.11 71 3.81 - - -
Other Non-Interest Income		 132 143 128 121 126 153 135 138 134 113 102
Provision for Credit Losses		 0.74 - 1.53 1.02 - 0.17 - -0.21 - - -
Total Non-Interest Expense		 125 145 112 80 108 75 57 57 78 66 51
Other Operating Expenses		 81 85 71 37 64 35 19 18 40 32 25
Depreciation Expense		 36 37 37 38 39 39 38 38 36 29 26
Impairment Charge		 6.95 16 3.42 0.00 3.98 0.00 0.00 1.88 0.77 2.25 -
Restructuring Charge		 0.82 1.14 0.83 4.43 0.30 0.37 0.08 0.06 0.18 0.74 0.20
Other Gains / (Losses), net		 2.44 - 1.50 1.42 0.05 -1.00 0.00 2.26 1.14 2.41 4.96
Net Income / (Loss) Attributable to Noncontrolling Interest		 4.52 2.31 1.14 0.82 0.81 0.74 0.72 0.36 0.39 0.48 0.48
Basic Earnings per Share		 $2.07 $2.16 $2.49 $1.41 $2.42 $2.03 $3.91 $2.21 $2.21 $1.97 $2.01
Weighted Average Basic Shares Outstanding		 43.74M 41.27M 39.89M 39.16M 39.18M 39.57M 39.48M 39.41M 38.39M 35.59M 34.62M
Diluted Earnings per Share		 $2.04 $2.16 $2.48 $1.41 $2.42 $2.02 $3.89 $2.20 $2.21 $1.94 $1.99
Weighted Average Diluted Shares Outstanding		 44.24M 41.36M 40.07M 39.16M 39.26M 39.76M 39.84M 39.64M 38.60M 37.33M 36.64M
Weighted Average Basic & Diluted Shares Outstanding		 45.45M 43.11M 41.37M 39.50M 39.24M 39.50M 39.50M 39.40M 38.30M 35.60M 34.60M
Cash Dividends to Common per Share		 $2.28 $2.28 $2.28 $2.28 $2.28 $0.00 $2.28 $2.28 $2.19 $2.07 $2.04

Quarterly Income Statements for LTC Properties

This table shows LTC Properties' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 21 18 29 19 24 28 22 6.03 33 18 13
Consolidated Net Income / (Loss)		 22 20 31 20 25 29 23 6.60 34 18 13
Net Income / (Loss) Continuing Operations		 22 21 30 20 24 28 23 6.60 33 19 13
Total Pre-Tax Income 		19 19 30 19 24 28 22 6.23 33 18 13
Total Revenue		 49 65 59 50 44 78 54 49 54 70 35
Net Interest Income / (Expense)		 0.00 11 0.00 0.00 -11 11 0.00 0.00 -11 23 -7.94
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 0.00 -11 0.00 0.00 11 -11 0.00 0.00 11 -23 7.94
Total Non-Interest Income		 49 54 59 50 55 67 54 49 65 48 43
Other Service Charges		 11 32 17 15 14 14 14 13 14 13 12
Net Realized & Unrealized Capital Gains on Investments		 0.17 1.10 3.66 -0.03 3.25 17 4.87 0.30 15 0.02 -0.39
Other Non-Interest Income		 38 20 39 35 37 36 35 35 35 34 32
Provision for Credit Losses		 3.05 - - 0.70 - - 0.19 0.19 - - -
Total Non-Interest Expense		 28 46 29 30 19 50 32 42 21 51 22
Other Operating Expenses		 18 30 20 21 9.87 32 22 21 9.59 41 10
Depreciation Expense		 9.16 9.19 9.05 9.02 9.10 9.33 9.50 9.38 9.21 9.29 9.39
Restructuring Charge		 0.44 0.14 0.03 0.38 0.27 0.61 0.33 0.09 0.12 0.10 0.63
Other Gains / (Losses), net		 3.67 - - 0.67 - - 0.38 0.38 - - -
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.70 1.65 1.70 0.55 0.62 0.53 0.58 0.58 0.63 0.25 0.23
Basic Earnings per Share		 $0.45 $0.41 $0.66 $0.44 $0.56 $0.67 $0.54 $0.15 $0.80 $0.43 $0.33
Weighted Average Basic Shares Outstanding		 45.33M 43.74M 43.87M 43.17M 42.89M 41.27M 41.15M 41.15M 41.08M 39.89M 40.27M
Diluted Earnings per Share		 $0.45 $0.38 $0.66 $0.44 $0.56 $0.67 $0.54 $0.15 $0.80 $0.44 $0.32
Weighted Average Diluted Shares Outstanding		 45.68M 44.24M 44.39M 43.46M 43.03M 41.36M 41.21M 41.23M 41.19M 40.07M 40.55M
Weighted Average Basic & Diluted Shares Outstanding		 45.93M 45.45M 45.26M 43.49M 43.48M 43.11M 41.41M 41.41M 41.40M 41.37M 40.50M
Cash Dividends to Common per Share		 $0.57 - $0.57 $0.57 $0.57 - $0.57 $0.57 $0.57 - $0.57

Annual Cash Flow Statements for LTC Properties

This table details how cash moves in and out of LTC Properties' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Change in Cash & Equivalents		 -11 9.91 5.22 -2.61 3.53 -0.52 -0.45 -2.78 -4.95 -12 18
Net Cash From Operating Activities		 125 104 106 91 116 122 116 105 106 102 96
Net Cash From Continuing Operating Activities		 125 104 106 91 116 122 116 105 106 102 96
Net Income / (Loss) Continuing Operations		 95 91 101 56 96 81 155 87 85 73 73
Consolidated Net Income / (Loss)		 95 91 101 56 96 81 155 87 85 73 73
Provision For Loan Losses		 1.06 5.70 1.78 1.78 23 2.09 0.09 -0.21 0.46 0.62 0.03
Depreciation Expense		 36 37 37 38 39 39 38 38 36 29 26
Amortization Expense		 1.88 1.98 2.02 1.73 1.46 0.39 2.47 2.81 2.64 2.09 0.86
Non-Cash Adjustments to Reconcile Net Income		 4.46 -16 -32 -1.74 -34 6.71 -75 -7.46 -10 -4.75 -3.93
Changes in Operating Assets and Liabilities, net		 -13 -17 -3.99 -5.11 -9.17 -6.80 -5.01 -15 -8.18 1.87 -0.13
Net Cash From Investing Activities		 91 -175 -120 -70 44 -79 -3.61 -92 -140 -327 -29
Net Cash From Continuing Investing Activities		 91 -175 -120 -70 44 -79 -3.61 -92 -140 -327 -29
Purchase of Property, Leasehold Improvements and Equipment		 -14 -9.69 -8.99 -6.30 -6.91 -2.84 -3.25 -2.90 -6.79 -7.53 -14
Purchase of Investment Securities		 -34 -249 -192 -111 -45 -101 -97 -39 -155 -324 -56
Sale and/or Maturity of Investments		 138 84 81 47 78 19 99 33 26 6.35 43
Net Cash From Financing Activities		 -227 80 20 -24 -157 -44 -112 -16 29 212 -48
Net Cash From Continuing Financing Activities		 -227 80 20 -24 -157 -44 -112 -16 29 212 -48
Issuance of Debt		 27 277 269 304 24 208 116 213 201 491 68
Issuance of Common Equity		 82 54 68 0.00 0.00 - 4.97 15 79 - 25
Repayment of Debt		 -234 -154 -223 -231 -68 -160 -142 -155 -164 -200 -65
Payment of Dividends		 -101 -95 -92 -90 -90 -91 -90 -90 -85 -77 -74
Other Financing Activities, Net		 -1.54 -1.60 -2.49 -7.36 -4.07 -1.34 -1.07 1.34 -2.22 -2.38 -1.28
Cash Interest Paid		 40 47 29 27 29 29 30 28 24 16 12

Quarterly Cash Flow Statements for LTC Properties

This table details how cash moves in and out of LTC Properties' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 14 -26 29 -2.84 -11 8.98 4.28 1.49 -4.84 3.90 0.08
Net Cash From Operating Activities		 30 33 34 37 21 25 32 28 18 33 24
Net Cash From Continuing Operating Activities		 30 33 34 37 21 25 32 28 18 33 24
Net Income / (Loss) Continuing Operations		 22 20 31 20 25 29 23 6.60 34 18 13
Consolidated Net Income / (Loss)		 22 20 31 20 25 29 23 6.60 34 18 13
Provision For Loan Losses		 3.30 -0.20 0.22 1.02 0.02 3.57 0.19 0.21 1.73 0.07 0.88
Depreciation Expense		 9.16 9.19 9.05 9.02 9.10 9.33 9.50 9.38 9.21 9.29 9.39
Amortization Expense		 0.47 0.46 0.44 0.47 0.50 0.49 0.47 0.50 0.51 0.51 0.53
Non-Cash Adjustments to Reconcile Net Income		 2.72 5.05 -1.68 1.88 -0.79 -11 -2.53 14 -15 2.60 2.03
Changes in Operating Assets and Liabilities, net		 -8.30 -0.80 -4.92 4.82 -13 -5.24 2.14 -1.73 -12 2.14 -1.88
Net Cash From Investing Activities		 12 50 41 -22 21 19 -6.85 -55 -132 -9.44 -65
Net Cash From Continuing Investing Activities		 12 50 41 -22 21 19 -6.85 -55 -132 -9.44 -65
Purchase of Property, Leasehold Improvements and Equipment		 -1.33 -3.77 -6.27 -2.31 -1.33 -4.63 -1.82 -0.62 -2.61 -4.44 -1.65
Purchase of Investment Securities		 -1.92 -2.76 -3.37 -24 -3.44 -1.09 -20 -61 -167 -5.77 -63
Divestitures		 13 - - - - - - - - - -
Sale and/or Maturity of Investments		 1.87 57 51 4.37 26 25 15 6.85 37 0.77 0.27
Net Cash From Financing Activities		 -27 -109 -46 -18 -53 -36 -21 28 109 -19 40
Net Cash From Continuing Financing Activities		 -27 -109 -46 -18 -53 -36 -21 28 109 -19 40
Issuance of Debt		 15 8.00 - 8.90 10 3.00 50 62 163 - 95
Issuance of Common Equity		 8.49 17 55 6.52 4.45 52 - - 1.78 29 4.75
Repayment of Debt		 -18 -109 -76 -8.20 -42 -68 -47 -10 -30 -26 -36
Payment of Dividends		 -27 -26 -25 -25 -25 -24 -24 -24 -24 -23 -23
Other Financing Activities, Net		 -6.05 0.65 -0.11 -0.01 -2.07 1.26 -0.40 -0.49 -1.96 1.15 -0.07
Cash Interest Paid		 7.81 8.76 11 10 9.78 12 12 11 11 6.42 8.47

Annual Balance Sheets for LTC Properties

This table presents LTC Properties' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Assets		 1,786 1,855 1,656 1,505 1,459 1,514 1,514 1,466 1,395 1,275 965
Cash and Due from Banks		 9.41 20 10 5.16 7.77 4.24 2.66 5.21 7.99 13 25
Loans and Leases, Net of Allowance		 670 673 390 344 257 254 0.00 224 230 218 166
Loans and Leases		 670 673 390 344 257 254 - 224 230 218 166
Premises and Equipment, Net		 925 970 1,009 1,034 1,102 1,110 1,103 1,082 1,026 947 727
Other Assets		 180 192 247 121 92 146 160 154 131 98 45
Total Liabilities & Shareholders' Equity		 1,786 1,855 1,656 1,505 1,459 1,514 1,514 1,466 1,395 1,275 965
Total Liabilities		 733 939 806 760 684 729 681 707 655 616 305
Short-Term Debt		 143 302 130 111 90 94 112 97 107 121 -
Accrued Interest Payable		 3.09 3.87 5.23 3.75 4.22 4.98 4.18 5.28 4.68 3.97 3.56
Long-Term Debt		 540 589 638 612 559 599 533 571 502 451 281
Other Long-Term Liabilities		 45 44 33 33 30 30 31 34 41 40 21
Total Equity & Noncontrolling Interests		 1,053 916 850 745 776 785 833 759 740 659 660
Total Preferred & Common Equity		 961 881 828 737 767 777 825 755 740 659 660
Total Common Equity		 961 881 828 737 767 777 825 755 740 659 622
Common Stock		 1,083 992 932 857 853 868 863 857 839 759 718
Retained Earnings		 -126 -117 -112 -120 -86 -91 -38 -102 -99 -100 -96
Accumulated Other Comprehensive Income / (Loss)		 3.82 6.11 8.72 -0.17 0.00 - - - 0.00 0.05 0.08
Noncontrolling Interest		 92 35 22 8.41 8.40 8.48 7.48 3.49 - - -

Quarterly Balance Sheets for LTC Properties

This table presents LTC Properties' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 1,776 1,872 1,891 1,818 1,868 1,858 1,799 1,652
Cash and Due from Banks		 23 35 6.17 9.01 11 7.03 5.54 6.48
Loans and Leases, Net of Allowance		 314 361 747 736 670 472 453 383
Loans and Leases		 314 361 747 736 670 472 453 383
Premises and Equipment, Net		 874 938 945 956 998 1,018 992 1,015
Other Assets		 562 536 192 115 187 361 348 247
Total Liabilities & Shareholders' Equity		 1,776 1,872 1,891 1,818 1,868 1,858 1,799 1,652
Total Liabilities		 726 830 908 900 1,007 999 934 827
Short-Term Debt		 148 239 282 275 361 326 270 151
Accrued Interest Payable		 2.92 3.76 5.00 4.86 3.89 3.87 4.12 3.12
Long-Term Debt		 533 545 579 583 594 627 631 643
Other Long-Term Liabilities		 41 41 42 34 47 41 29 30
Total Equity & Noncontrolling Interests		 1,049 1,041 983 919 860 860 865 825
Total Preferred & Common Equity		 962 948 889 886 825 825 839 803
Total Common Equity		 962 948 889 886 825 825 839 803
Common Stock		 1,092 1,063 1,006 997 938 936 934 900
Retained Earnings		 -133 -119 -123 -117 -121 -120 -102 -107
Accumulated Other Comprehensive Income / (Loss)		 2.91 3.64 5.97 6.49 8.60 8.57 7.36 9.45
Noncontrolling Interest		 87 94 94 33 35 35 26 22

Annual Metrics And Ratios for LTC Properties

This table displays calculated financial ratios and metrics derived from LTC Properties' official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -7.13% 10.12% 57.29% -33.44% 29.73% -25.01% 47.35% -12.16% 18.63% 14.49% 13.32%
EBITDA Growth		 1.03% -6.67% 46.14% -30.35% 12.09% -36.81% 53.18% 2.41% 19.91% 7.77% 17.03%
EBIT Growth		 2.76% -9.21% 80.78% -42.69% 16.80% -46.21% 78.91% 1.31% 18.82% 3.27% 23.53%
NOPAT Growth		 2.76% -9.21% 80.78% -42.69% 16.80% -46.21% 78.91% 1.31% 18.82% 3.27% 23.53%
Net Income Growth		 3.74% -9.07% 78.90% -41.24% 18.31% -47.85% 77.55% 2.61% 16.47% -0.43% 26.95%
EPS Growth		 -5.56% -12.90% 75.89% -41.74% 19.80% -48.07% 76.82% -0.45% 13.92% -2.51% 22.09%
Operating Cash Flow Growth		 19.89% -1.12% 15.79% -21.46% -5.20% 6.00% 9.71% -0.38% 3.29% 6.87% 9.91%
Free Cash Flow Firm Growth		 264.71% -94.13% -521.72% -91.86% 84.13% -19.23% 1,099.64% 124.33% 84.35% -663.20% 143.92%
Invested Capital Growth		 -3.95% 11.71% 10.24% 2.99% -3.63% 0.06% 3.64% 5.68% 9.61% 30.87% 3.23%
Revenue Q/Q Growth		 18.61% 19.65% 21.64% -21.17% 26.13% -26.75% 48.69% -15.76% 3.03% 0.27% 3.34%
EBITDA Q/Q Growth		 -10.65% 8.48% 3.00% -6.01% 2.21% -10.59% 3.10% 0.34% 6.79% 3.78% 4.72%
EBIT Q/Q Growth		 -14.29% 12.64% 4.48% -8.52% 2.01% -15.03% 4.12% 0.37% 8.89% -0.11% 4.68%
NOPAT Q/Q Growth		 -9.24% 13.17% 5.61% -8.52% 2.19% -15.03% 3.98% 0.37% 8.89% -0.13% 4.70%
Net Income Q/Q Growth		 -8.73% 12.93% 5.53% -7.77% 5.55% -18.38% 7.64% -0.94% 3.29% -4.00% 9.47%
EPS Q/Q Growth		 -12.45% 11.92% 0.00% 0.00% 6.14% -18.22% 7.46% -1.35% 2.79% -4.90% 9.34%
Operating Cash Flow Q/Q Growth		 6.67% -6.57% 11.88% -8.86% -1.61% 0.23% 2.60% 3.04% -5.15% 5.49% 0.25%
Free Cash Flow Firm Q/Q Growth		 79.01% 14.60% 53.57% -86.24% 16.45% -28.18% 114.93% -58.32% 53.28% -26.12% 186.72%
Invested Capital Q/Q Growth		 -4.88% -0.40% -0.05% 3.75% -1.25% 0.07% -1.09% 2.26% 1.47% 4.40% 0.70%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 59.99% 55.15% 65.07% 70.03% 66.92% 77.46% 91.92% 88.42% 75.84% 75.03% 79.71%
EBIT Margin		 42.44% 38.36% 46.52% 40.48% 47.00% 52.21% 72.78% 59.94% 51.97% 51.89% 57.53%
Profit (Net Income) Margin		 43.56% 39.00% 47.23% 41.52% 47.03% 51.57% 74.15% 61.54% 52.68% 53.66% 61.70%
Tax Burden Percent		 102.64% 101.67% 101.52% 102.59% 100.05% 98.78% 101.88% 102.66% 101.36% 103.40% 107.25%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 5.22% 5.25% 6.42% 3.79% 6.59% 5.54% 10.48% 6.13% 6.51% 6.51% 7.39%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.53% 5.43% 6.62% 4.00% 6.59% 5.39% 10.92% 6.48% 6.70% 7.07% 9.16%
Return on Net Nonoperating Assets (RNNOA)		 4.42% 5.10% 6.19% 3.60% 5.67% 4.46% 9.00% 5.53% 5.66% 4.57% 3.97%
Return on Equity (ROE)		 9.64% 10.35% 12.61% 7.39% 12.26% 9.99% 19.49% 11.66% 12.17% 11.08% 11.36%
Cash Return on Invested Capital (CROIC)		 9.25% -5.81% -3.32% 0.84% 10.28% 5.48% 6.91% 0.60% -2.67% -20.23% 4.21%
Operating Return on Assets (OROA)		 5.08% 5.12% 6.27% 3.70% 6.43% 5.41% 10.22% 5.95% 6.29% 6.31% 7.22%
Return on Assets (ROA)		 5.21% 5.21% 6.36% 3.79% 6.43% 5.34% 10.41% 6.11% 6.37% 6.52% 7.74%
Return on Common Equity (ROCE)		 9.01% 10.02% 12.37% 7.31% 12.12% 9.90% 19.35% 11.63% 12.17% 10.76% 10.68%
Return on Equity Simple (ROE_SIMPLE)		 9.88% 10.38% 12.14% 7.63% 12.47% 10.41% 18.79% 11.57% 11.50% 11.09% 11.12%
Net Operating Profit after Tax (NOPAT)		 92 90 99 55 96 82 152 85 84 71 68
NOPAT Margin		 42.44% 38.36% 46.52% 40.48% 47.00% 52.21% 72.78% 59.94% 51.97% 51.89% 57.53%
Net Nonoperating Expense Percent (NNEP)		 -0.31% -0.18% -0.20% -0.21% -0.01% 0.15% -0.44% -0.35% -0.19% -0.56% -1.77%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 57.22% 61.64% 52.76% 58.77% 53.00% 47.69% 27.22% 40.20% 48.03% 48.11% 42.47%
Earnings before Interest and Taxes (EBIT)		 92 90 99 55 96 82 152 85 84 71 68
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 131 129 139 95 136 121 192 125 123 102 95
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.61 1.40 1.50 1.53 1.57 1.70 1.42 1.53 1.59 1.42 1.41
Price to Tangible Book Value (P/TBV)		 1.61 1.40 1.50 1.53 1.57 1.70 1.42 1.53 1.59 1.42 1.41
Price to Revenue (P/Rev)		 7.10 5.25 5.84 8.35 5.94 8.44 5.60 8.14 7.29 6.87 7.36
Price to Earnings (P/E)		 17.12 13.81 12.52 20.40 12.74 16.52 7.59 13.28 13.90 13.35 12.56
Dividend Yield		 6.67% 7.67% 7.42% 7.94% 7.41% 6.85% 7.72% 7.81% 7.29% 7.86% 8.12%
Earnings Yield		 5.84% 7.24% 7.99% 4.90% 7.85% 6.05% 13.18% 7.53% 7.20% 7.49% 7.96%
Enterprise Value to Invested Capital (EV/IC)		 1.33 1.18 1.25 1.26 1.30 1.37 1.23 1.28 1.32 1.21 1.24
Enterprise Value to Revenue (EV/Rev)		 10.62 9.11 9.50 13.71 9.13 12.89 8.70 12.83 11.01 10.98 9.83
Enterprise Value to EBITDA (EV/EBITDA)		 17.70 16.52 14.60 19.57 13.65 16.64 9.46 14.51 14.52 14.63 12.33
Enterprise Value to EBIT (EV/EBIT)		 25.02 23.76 20.43 33.87 19.43 24.69 11.95 21.41 21.18 21.16 17.08
Enterprise Value to NOPAT (EV/NOPAT)		 25.02 23.76 20.43 33.87 19.43 24.69 11.95 21.41 21.18 21.16 17.08
Enterprise Value to Operating Cash Flow (EV/OCF)		 18.48 20.47 19.17 20.36 16.01 16.51 15.74 17.30 16.83 14.61 12.21
Enterprise Value to Free Cash Flow (EV/FCFF)		 14.12 0.00 0.00 152.79 12.45 24.94 18.12 217.70 0.00 0.00 29.96
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.65 0.97 0.90 0.97 0.84 0.88 0.77 0.88 0.82 0.87 0.43
Long-Term Debt to Equity		 0.51 0.64 0.75 0.82 0.72 0.76 0.64 0.75 0.68 0.68 0.43
Financial Leverage		 0.80 0.94 0.93 0.90 0.86 0.83 0.82 0.85 0.84 0.65 0.43
Leverage Ratio		 1.85 1.99 1.98 1.95 1.90 1.87 1.87 1.91 1.91 1.70 1.47
Compound Leverage Factor		 1.85 1.99 1.98 1.95 1.90 1.87 1.87 1.91 1.91 1.70 1.47
Debt to Total Capital		 39.35% 49.31% 47.45% 49.24% 45.56% 46.89% 43.64% 46.80% 45.16% 46.45% 29.83%
Short-Term Debt to Total Capital		 8.23% 16.72% 8.03% 7.56% 6.31% 6.35% 7.58% 6.77% 7.94% 9.79% 0.00%
Long-Term Debt to Total Capital		 31.12% 32.59% 39.42% 41.68% 39.26% 40.54% 36.06% 40.04% 37.22% 36.66% 29.83%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.09%
Noncontrolling Interests to Total Capital		 5.32% 1.94% 1.36% 0.57% 0.59% 0.57% 0.51% 0.24% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 55.33% 48.75% 51.19% 50.19% 53.85% 52.54% 55.85% 52.95% 54.84% 53.55% 66.08%
Debt to EBITDA		 5.23 6.89 5.54 7.62 4.77 5.71 3.36 5.32 4.97 5.60 2.96
Net Debt to EBITDA		 5.16 6.73 5.47 7.57 4.71 5.67 3.33 5.28 4.91 5.47 2.69
Long-Term Debt to EBITDA		 4.13 4.55 4.60 6.45 4.11 4.94 2.77 4.55 4.10 4.42 2.96
Debt to NOPAT		 7.39 9.91 7.75 13.19 6.79 8.47 4.24 7.85 7.26 8.09 4.10
Net Debt to NOPAT		 7.29 9.68 7.65 13.09 6.71 8.42 4.21 7.78 7.16 7.91 3.73
Long-Term Debt to NOPAT		 5.84 6.55 6.44 11.16 5.85 7.32 3.50 6.71 5.98 6.39 4.10
Noncontrolling Interest Sharing Ratio		 6.47% 3.22% 1.90% 1.11% 1.08% 0.99% 0.69% 0.23% 0.00% 2.92% 5.96%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 164 -99 -51 12 149 81 100 8.37 -34 -220 39
Operating Cash Flow to CapEx		 915.33% 1,077.88% 1,173.96% 1,447.82% 1,679.46% 4,313.81% 3,556.02% 3,632.46% 1,556.36% 1,358.39% 685.63%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.44 0.00 2.65 3.32 0.28 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 3.33 0.00 4.00 3.83 3.52 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 3.10 0.00 3.91 3.72 3.42 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.12 0.13 0.13 0.09 0.14 0.10 0.14 0.10 0.12 0.12 0.13
Fixed Asset Turnover		 0.23 0.24 0.21 0.13 0.18 0.14 0.19 0.13 0.16 0.16 0.16
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,736 1,808 1,618 1,468 1,425 1,479 1,478 1,426 1,349 1,231 941
Invested Capital Turnover		 0.12 0.14 0.14 0.09 0.14 0.11 0.14 0.10 0.13 0.13 0.13
Increase / (Decrease) in Invested Capital		 -71 189 150 43 -54 0.81 52 77 118 290 29
Enterprise Value (EV)		 2,313 2,137 2,024 1,856 1,858 2,022 1,819 1,821 1,779 1,495 1,169
Market Capitalization		 1,547 1,231 1,245 1,130 1,208 1,324 1,171 1,155 1,178 936 875
Book Value per Share		 $21.22 $21.28 $20.45 $18.71 $19.56 $19.54 $20.82 $19.08 $18.87 $18.53 $17.84
Tangible Book Value per Share		 $21.22 $21.28 $20.45 $18.71 $19.56 $19.54 $20.82 $19.08 $18.87 $18.53 $17.84
Total Capital		 1,736 1,808 1,618 1,468 1,425 1,479 1,478 1,426 1,349 1,231 941
Total Debt		 683 891 768 723 649 693 645 668 609 572 281
Total Long-Term Debt		 540 589 638 612 559 599 533 571 502 451 281
Net Debt		 674 871 757 718 642 689 640 662 601 559 255
Capital Expenditures (CapEx)		 14 9.69 8.99 6.30 6.91 2.84 3.25 2.90 6.79 7.53 14
Net Nonoperating Expense (NNE)		 -2.44 -1.50 -1.50 -1.42 -0.05 1.00 -2.86 -2.26 -1.14 -2.41 -4.96
Net Nonoperating Obligations (NNO)		 683 891 768 723 649 693 645 668 609 572 281
Total Depreciation and Amortization (D&A)		 38 39 40 40 41 40 40 40 39 32 26
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.07 $2.16 $2.49 $1.41 $2.42 $2.03 $3.91 $2.21 $2.21 $1.97 $2.01
Adjusted Weighted Average Basic Shares Outstanding		 43.74M 41.27M 39.89M 39.16M 39.18M 39.57M 39.48M 39.41M 38.39M 35.59M 34.62M
Adjusted Diluted Earnings per Share		 $2.04 $2.16 $2.48 $1.41 $2.42 $2.02 $3.89 $2.20 $2.21 $1.94 $1.99
Adjusted Weighted Average Diluted Shares Outstanding		 44.24M 41.36M 40.07M 39.16M 39.26M 39.76M 39.84M 39.64M 38.60M 37.33M 36.64M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $2.03 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 45.45M 43.11M 41.37M 39.50M 39.24M 39.75M 39.71M 39.63M 39.59M 37.52M 35.54M
Normalized Net Operating Profit after Tax (NOPAT)		 70 79 72 41 70 58 107 61 60 52 48
Normalized NOPAT Margin		 32.20% 33.59% 33.96% 30.62% 34.37% 36.71% 51.01% 42.91% 36.99% 38.18% 40.41%
Pre Tax Income Margin		 42.44% 38.36% 46.52% 40.48% 47.00% 52.21% 72.78% 59.94% 51.97% 51.89% 57.53%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 2.00 0.00 2.68 5.04 2.84 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 2.00 0.00 2.68 5.04 2.84 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 1.77 0.00 2.58 4.93 2.74 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 1.77 0.00 2.58 4.93 2.74 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 105.96% 103.61% 90.98% 160.95% 94.34% 112.40% 58.32% 103.30% 99.36% 105.04% 101.41%
Augmented Payout Ratio		 105.96% 103.61% 90.98% 160.95% 113.17% 112.40% 58.32% 103.30% 99.36% 105.04% 101.41%

Quarterly Metrics And Ratios for LTC Properties

This table displays calculated financial ratios and metrics derived from LTC Properties' official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -9.91% -16.54% 9.73% 3.16% -19.70% 10.06% 54.01% -34.03% 60.80% 116.30% 4.80%
EBITDA Growth		 -16.87% -24.28% 23.11% 77.33% -20.97% 29.46% 40.54% -74.82% 78.34% 23.58% 11.20%
EBIT Growth		 -23.68% -32.21% 35.58% 206.15% -26.74% 44.28% 71.00% -88.49% 134.82% 42.53% 21.19%
NOPAT Growth		 -23.68% -33.25% 35.58% 206.15% -26.74% 58.76% 71.00% -88.49% 134.82% 41.95% 21.19%
Net Income Growth		 -10.00% -31.67% 36.39% 198.88% -26.44% 57.54% 69.00% -87.88% 131.34% 40.74% 20.47%
EPS Growth		 -19.64% -43.28% 22.22% 193.33% -30.00% 52.27% 68.75% -88.97% 122.22% 0.00% 14.29%
Operating Cash Flow Growth		 40.37% 30.71% 4.85% 29.71% 16.14% -22.38% 33.17% -4.62% -2.85% 51.90% 16.20%
Free Cash Flow Firm Growth		 415.98% 156.03% 111.42% 95.53% 105.52% -21.61% 9.13% -136.76% -258.36% -340.12% -588.35%
Invested Capital Growth		 -2.64% -3.95% 0.57% 1.70% 0.66% 11.71% 12.10% 17.32% 17.52% 10.24% 14.43%
Revenue Q/Q Growth		 -23.98% 8.88% 18.69% 14.95% 0.83% 43.16% 11.59% -10.53% 39.03% 100.33% -52.20%
EBITDA Q/Q Growth		 -1.37% -27.95% 38.87% -15.76% -22.25% 17.13% 100.04% -62.46% 55.31% 27.15% -64.16%
EBIT Q/Q Growth		 -1.95% -37.27% 58.23% -21.58% -28.03% 25.46% 257.29% -81.23% 86.21% 48.69% -75.95%
NOPAT Q/Q Growth		 -1.75% -37.40% 58.23% -21.58% -14.07% 27.15% 257.29% -81.23% 86.21% 36.95% -75.95%
Net Income Q/Q Growth		 13.43% -36.52% 56.36% -20.05% -13.89% 26.71% 242.63% -80.32% 84.42% 35.92% -75.43%
EPS Q/Q Growth		 18.42% -42.42% 50.00% -21.43% -16.42% 24.07% 260.00% -81.25% 81.82% 37.50% -76.47%
Operating Cash Flow Q/Q Growth		 -11.18% -1.99% -8.09% 76.42% -17.75% -21.38% 13.70% 57.96% -45.03% 34.88% -18.57%
Free Cash Flow Firm Q/Q Growth		 -27.38% 354.91% 269.75% -192.01% 107.96% 7.24% 33.55% -13.67% -73.58% 30.69% -73.13%
Invested Capital Q/Q Growth		 -0.34% -4.88% -1.01% 3.74% -1.59% -0.40% 0.10% 2.68% 9.12% -0.05% 4.76%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 57.29% 44.16% 66.73% 57.03% 77.82% 48.66% 59.48% 33.18% 79.07% 41.37% 65.18%
EBIT Margin		 37.71% 29.24% 50.75% 38.07% 55.80% 36.00% 41.08% 12.83% 61.15% 27.46% 37.00%
Profit (Net Income) Margin		 45.16% 30.27% 51.92% 39.41% 56.66% 36.97% 41.77% 13.60% 61.85% 25.82% 38.06%
Tax Burden Percent		 119.75% 103.72% 102.29% 103.52% 101.55% 101.33% 101.69% 106.04% 101.13% 102.12% 102.89%
Interest Burden Percent		 100.00% 99.80% 100.00% 100.00% 100.00% 101.35% 100.00% 100.00% 100.00% 92.10% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 4.57% 3.59% 5.12% 3.71% 5.57% 5.00% 4.69% 1.35% 7.56% 3.49% 4.27%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.04% 3.68% 5.20% 3.79% 5.61% 5.04% 4.73% 1.40% 7.61% 3.54% 4.32%
Return on Net Nonoperating Assets (RNNOA)		 3.95% 2.94% 4.75% 3.73% 5.54% 4.73% 4.91% 1.41% 7.86% 3.31% 3.99%
Return on Equity (ROE)		 8.51% 6.53% 9.87% 7.44% 11.11% 9.73% 9.60% 2.76% 15.42% 6.80% 8.26%
Cash Return on Invested Capital (CROIC)		 7.62% 9.25% 5.03% 3.45% 3.92% -5.81% -6.78% -11.76% -8.88% -3.32% -7.28%
Operating Return on Assets (OROA)		 4.46% 3.50% 4.98% 3.62% 5.46% 4.81% 4.57% 1.32% 7.41% 3.70% 4.17%
Return on Assets (ROA)		 5.34% 3.62% 5.10% 3.75% 5.54% 4.94% 4.65% 1.40% 7.49% 3.48% 4.29%
Return on Common Equity (ROCE)		 7.99% 6.10% 9.21% 6.92% 10.74% 9.42% 9.27% 2.69% 15.10% 6.67% 8.10%
Return on Equity Simple (ROE_SIMPLE)		 9.61% 0.00% 10.97% 10.77% 9.32% 0.00% 9.81% 8.70% 14.26% 0.00% 11.87%
Net Operating Profit after Tax (NOPAT)		 19 19 30 19 24 28 22 6.23 33 18 13
NOPAT Margin		 37.71% 29.18% 50.75% 38.07% 55.80% 36.48% 41.08% 12.83% 61.15% 25.29% 37.00%
Net Nonoperating Expense Percent (NNEP)		 -0.48% -0.09% -0.08% -0.07% -0.04% -0.05% -0.04% -0.04% -0.05% -0.05% -0.05%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 56.08% 70.76% 49.25% 60.53% 44.20% 64.00% 58.58% 86.79% 38.85% 72.54% 63.01%
Earnings before Interest and Taxes (EBIT)		 19 19 30 19 24 28 22 6.23 33 19 13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 28 29 40 29 34 38 32 16 43 29 23
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.67 1.61 1.67 1.67 1.48 1.40 1.50 1.53 1.57 1.50 1.66
Price to Tangible Book Value (P/TBV)		 1.67 1.61 1.67 1.67 1.48 1.40 1.50 1.53 1.57 1.50 1.66
Price to Revenue (P/Rev)		 7.54 7.10 8.64 8.32 7.41 5.25 6.31 7.13 6.53 5.84 7.62
Price to Earnings (P/E)		 18.46 17.12 15.78 15.88 16.31 13.81 15.66 18.00 11.17 12.52 14.16
Dividend Yield		 6.47% 6.67% 6.25% 6.68% 7.21% 7.67% 7.64% 7.48% 7.15% 7.42% 6.92%
Earnings Yield		 5.42% 5.84% 6.34% 6.30% 6.13% 7.24% 6.39% 5.55% 8.96% 7.99% 7.06%
Enterprise Value to Invested Capital (EV/IC)		 1.36 1.33 1.33 1.32 1.23 1.18 1.22 1.24 1.27 1.25 1.32
Enterprise Value to Revenue (EV/Rev)		 11.05 10.62 13.23 13.64 12.39 9.11 11.30 12.67 11.09 9.50 12.24
Enterprise Value to EBITDA (EV/EBITDA)		 18.23 17.70 16.61 17.50 17.39 16.52 18.57 20.43 14.23 14.60 15.93
Enterprise Value to EBIT (EV/EBIT)		 25.95 25.02 22.53 24.30 25.26 23.76 27.73 31.84 18.96 20.43 22.60
Enterprise Value to NOPAT (EV/NOPAT)		 27.08 25.02 23.86 25.90 27.03 23.76 27.86 31.93 18.96 20.43 22.85
Enterprise Value to Operating Cash Flow (EV/OCF)		 17.56 18.48 20.70 21.01 20.42 20.47 19.82 21.63 21.32 19.17 22.71
Enterprise Value to Free Cash Flow (EV/FCFF)		 17.56 14.12 26.55 38.51 31.55 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.65 0.65 0.75 0.88 0.93 0.97 1.11 1.11 1.04 0.90 0.96
Long-Term Debt to Equity		 0.51 0.51 0.52 0.59 0.63 0.64 0.69 0.73 0.73 0.75 0.78
Financial Leverage		 0.78 0.80 0.91 0.98 0.99 0.94 1.04 1.01 1.03 0.93 0.92
Leverage Ratio		 1.83 1.85 1.97 2.03 2.03 1.99 2.09 2.06 2.08 1.98 1.97
Compound Leverage Factor		 1.83 1.85 1.97 2.03 2.03 2.01 2.09 2.06 2.08 1.82 1.97
Debt to Total Capital		 39.36% 39.35% 42.94% 46.70% 48.30% 49.31% 52.59% 52.59% 51.03% 47.45% 49.03%
Short-Term Debt to Total Capital		 8.53% 8.23% 13.07% 15.28% 15.49% 16.72% 19.87% 18.00% 15.30% 8.03% 9.33%
Long-Term Debt to Total Capital		 30.82% 31.12% 29.87% 31.42% 32.81% 32.59% 32.73% 34.59% 35.73% 39.42% 39.70%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 5.05% 5.32% 5.13% 5.08% 1.83% 1.94% 1.93% 1.93% 1.46% 1.36% 1.35%
Common Equity to Total Capital		 55.59% 55.33% 51.93% 48.22% 49.87% 48.75% 45.48% 45.49% 47.51% 51.19% 49.62%
Debt to EBITDA		 5.29 5.23 5.36 6.19 6.81 6.89 8.01 8.69 5.72 5.54 5.90
Net Debt to EBITDA		 5.11 5.16 5.12 6.15 6.74 6.73 7.91 8.62 5.69 5.47 5.85
Long-Term Debt to EBITDA		 4.14 4.13 3.73 4.17 4.63 4.55 4.98 5.71 4.01 4.60 4.78
Debt to NOPAT		 7.86 7.39 7.70 9.17 10.59 9.91 12.01 13.57 7.63 7.75 8.46
Net Debt to NOPAT		 7.59 7.29 7.35 9.10 10.48 9.68 11.87 13.47 7.58 7.65 8.39
Long-Term Debt to NOPAT		 6.15 5.84 5.35 6.17 7.19 6.55 7.47 8.93 5.34 6.44 6.85
Noncontrolling Interest Sharing Ratio		 6.10% 6.47% 6.76% 6.98% 3.27% 3.22% 3.38% 2.54% 2.13% 1.90% 1.92%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 66 90 20 -12 13 -161 -174 -261 -230 -132 -191
Operating Cash Flow to CapEx		 2,230.09% 883.81% 541.51% 1,602.78% 1,576.37% 549.77% 1,777.18% 4,581.19% 691.68% 739.22% 1,474.42%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 1.15 0.00 0.00 0.00 -21.68 0.00 -24.07
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 1.90 0.00 0.00 0.00 1.70 0.00 3.06
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 1.78 0.00 0.00 0.00 1.45 0.00 2.86
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.12 0.12 0.10 0.10 0.10 0.13 0.11 0.10 0.12 0.13 0.11
Fixed Asset Turnover		 0.23 0.23 0.19 0.18 0.18 0.24 0.19 0.17 0.20 0.21 0.17
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,730 1,736 1,825 1,844 1,777 1,808 1,815 1,813 1,766 1,618 1,619
Invested Capital Turnover		 0.12 0.12 0.10 0.10 0.10 0.14 0.11 0.11 0.12 0.14 0.12
Increase / (Decrease) in Invested Capital		 -47 -71 10 31 12 189 196 268 263 150 204
Enterprise Value (EV)		 2,348 2,313 2,430 2,433 2,192 2,137 2,214 2,243 2,240 2,024 2,144
Market Capitalization		 1,603 1,547 1,587 1,484 1,310 1,231 1,236 1,261 1,319 1,245 1,334
Book Value per Share		 $21.16 $21.22 $21.79 $20.45 $20.66 $21.28 $19.93 $19.92 $20.27 $20.45 $19.83
Tangible Book Value per Share		 $21.16 $21.22 $21.79 $20.45 $20.66 $21.28 $19.93 $19.92 $20.27 $20.45 $19.83
Total Capital		 1,730 1,736 1,825 1,844 1,777 1,808 1,815 1,813 1,766 1,618 1,619
Total Debt		 681 683 784 861 858 891 955 953 901 768 794
Total Long-Term Debt		 533 540 545 579 583 589 594 627 631 638 643
Net Debt		 658 674 749 855 849 871 943 946 896 757 787
Capital Expenditures (CapEx)		 1.33 3.77 6.27 2.31 1.33 4.63 1.82 0.62 2.61 4.44 1.65
Net Nonoperating Expense (NNE)		 -3.67 -0.70 -0.69 -0.67 -0.38 -0.38 -0.38 -0.38 -0.38 -0.38 -0.38
Net Nonoperating Obligations (NNO)		 681 683 784 861 858 891 955 953 901 768 794
Total Depreciation and Amortization (D&A)		 9.63 9.65 9.50 9.50 9.60 9.83 9.97 9.88 9.72 9.80 9.92
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.45 $0.41 $0.66 $0.44 $0.56 $0.67 $0.54 $0.15 $0.80 $0.43 $0.33
Adjusted Weighted Average Basic Shares Outstanding		 45.33M 43.74M 43.87M 43.17M 42.89M 41.27M 41.15M 41.15M 41.08M 39.89M 40.27M
Adjusted Diluted Earnings per Share		 $0.45 $0.38 $0.66 $0.44 $0.56 $0.67 $0.54 $0.15 $0.80 $0.44 $0.32
Adjusted Weighted Average Diluted Shares Outstanding		 45.68M 44.24M 44.39M 43.46M 43.03M 41.36M 41.21M 41.23M 41.19M 40.07M 40.55M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 45.93M 45.45M 45.26M 43.49M 43.48M 43.11M 41.41M 41.41M 41.40M 41.37M 40.50M
Normalized Net Operating Profit after Tax (NOPAT)		 13 18 21 14 17 23 16 13 25 14 11
Normalized NOPAT Margin		 27.03% 28.10% 35.82% 27.18% 39.53% 29.03% 29.18% 26.52% 45.75% 19.92% 31.29%
Pre Tax Income Margin		 37.71% 29.18% 50.75% 38.07% 55.80% 36.48% 41.08% 12.83% 61.15% 25.29% 37.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 2.20 0.00 0.00 0.00 3.13 0.00 1.64
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 2.20 0.00 0.00 0.00 3.13 0.00 1.64
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 2.08 0.00 0.00 0.00 2.88 0.00 1.43
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 2.08 0.00 0.00 0.00 2.88 0.00 1.43
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 111.65% 105.96% 94.92% 101.34% 116.02% 103.61% 116.16% 130.39% 77.39% 90.98% 95.10%
Augmented Payout Ratio		 111.65% 105.96% 94.92% 101.34% 116.02% 103.61% 116.16% 130.39% 77.39% 90.98% 95.10%

Frequently Asked Questions About LTC Properties' Financials

When does LTC Properties's fiscal year end?

According to the most recent income statement we have on file, LTC Properties' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has LTC Properties' net income changed over the last 10 years?

LTC Properties' net income were at $94.88 million at the end of 2024, a 3.7% increase from 2023, and a 29.3% increase since 2014. See LTC Properties' forecast for analyst expectations on what’s next for the company.

How has LTC Properties revenue changed over the last 10 years?

Over the last 10 years, LTC Properties' total revenue changed from $118.96 million in 2014 to $217.83 million in 2024, a change of 83.1%.

How much debt does LTC Properties have?

LTC Properties' total liabilities were at $733.14 million at the end of 2024, a 21.9% decrease from 2023, and a 140.6% increase since 2014.

How much cash does LTC Properties have?

In the past 10 years, LTC Properties' cash and equivalents has ranged from $2.66 million in 2018 to $25.24 million in 2014, and is currently $9.41 million as of their latest financial filing in 2024.

How has LTC Properties' book value per share changed over the last 10 years?

Over the last 10 years, LTC Properties' book value per share changed from 17.84 in 2014 to 21.22 in 2024, a change of 19.0%.


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This page (NYSE:LTC) was last updated on 5/21/2025 by MarketBeat.com Staff
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