LTC Properties (LTC) Misses Q4 EPS by 1c

LTC Properties (NYSE: LTC) reported Q4 EPS of $0.45, $0.01 worse than the analyst estimate of $0.46.

Funds from Operations (“FFO”) was $30.4 million, or $0.78 per share, for the 2020 fourth quarter, compared with $32.4 million, or $0.81 per share, for the comparable 2019 period. Excluding the prior year’s $2.1 million gain from property insurance proceeds related to a previously sold property, FFO was $30.3 million for the quarter ended December 31, 2019. Funds available for distribution (“FAD”) was $30.7 million for the 2020 fourth quarter, compared with $29.5 million for the 2019 fourth quarter.

For earnings history and earnings-related data on LTC Properties (LTC) click here.

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