LTC Properties (LTC) Tops Q4 FFO by 1c

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Go back to LTC Properties (LTC) Tops Q4 FFO by 1c

LTC Reports 2015 Fourth Quarter Results and Announces New Investments

February 22, 2016 8:01 AM EST

--Record Annual Investments and Development Commitments of $414 Million for 2015--

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 fourth quarter ended December 31, 2015, and recent investment activity.

Funds from Operations (FFO) and normalized FFO increased 21.9% to $27.8 million for the 2015 fourth quarter, up from $22.8 million for the comparable 2014 period. FFO per diluted common share and normalized FFO per diluted common share were $0.74 for the quarter ended December 31, 2015, compared with... More