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 2016 First Quarter Results and Announces New Investments

May 2, 2016 5:00 PM EDT

--Subsequent to Quarter End Acquires Three Memory Care Communities, Originates a Mortgage Loan and Locks Rate on Senior Unsecured Notes at 4.15%--

--Guest Speakers to Participate on May 3 Conference Call--

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, 2016 and recent investment activity.

Funds from Operations (FFO) and normalized FFO increased 21.1% to $28.3 million for the 2016 first quarter, up from... More