LTC Properties (LTC) Tops Q3 EPS by 33c, Revenues Beat

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Go back to LTC Properties (LTC) Tops Q3 EPS by 33c, Revenues Beat

LTC Reports 2018 Third Quarter Results

November 5, 2018 4:30 PM EST

-- Completes Several Strategic Transactions --

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 September30,2018.

Net income available to common stockholders was $34.8million, or $0.88 per diluted share, for the 2018 third quarter, compared with $20.5 million, or $0.52 per diluted share, for the same period in 2017. The improvement was primarily due to a net gain on sale of $14.4 million in 2018 and higher rental and interest income... More