LTC Properties (LTC) Tops Q1 FFO by 1c

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Go back to LTC Properties (LTC) Tops Q1 FFO by 1c

LTC Reports 2015 First Quarter Results; Announces New Equity Investment and Amended and Restated Private Shelf Agreement with Prudential

April 30, 2015 5:00 PM EDT

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- LTC Properties, Inc. (NYSE: LTC), a real estate investment trust that primarily invests in seniors housing and health care properties, today announced operating results for its first quarter ended March 31, 2015.

Funds from Operations (FFO) increased 4.5% to $23.4 million for the 2015 first quarter, up from $22.4 million for the comparable 2014 period. FFO per diluted common share was $0.65 and $0.63, respectively, for the quarters ended March 31, 2015 and 2014. Net income available to common stockholders increased to $16.6 million, or $0.47 per diluted share, for the 2015 first quarter, up from $16.1 million, or $0.46 per diluted share, for... More