LTC Properties (LTC) Reports In-Line Q1 FFO

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Go back to LTC Properties (LTC) Reports In-Line Q1 FFO

LTC Reports 2017 First Quarter Results

May 8, 2017 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, 2017.

Net income available to common stockholders was $21.4 million, or $0.54 per diluted share, for the 2017 first quarter compared with $19.8 million, or $0.53 per diluted share, for the same period in 2016. Funds from Operations (FFO) increased 8.7% to $30.8 million for the 2017 first quarter, up from $28.3 million for the comparable 2016 period. FFO per diluted common share was $0.78 and $0.76 for the quarters ended March 31, 2017 and... More