LTC Properties (LTC) Tops Q3 FFO by 2c
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LTC Reports 2015 Third Quarter Results and Announces New Investments
November 2, 2015 4:30 PM EST--New Acquisitions and Commitments totaling $74.3 Million further Diversify Real Estate Portfolio--
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 third quarter ended September 30, 2015 and recent investment activity.
Funds from Operations (FFO) increased 15.8% to $26.1Â million for the 2015 third quarter, up from $22.5Â million for the comparable 2014 period. FFO per diluted common share was $0.72 and $0.64 for the quarters ended September 30, 2015 and 2014, respectively, which represents a 12.5% per share increase. Normalized FFO... More
