LTC Properties (LTC) Tops Q4 EPS by 15c
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LTC Reports 2018 Fourth Quarter Results and Discusses Recent Investment Activity
February 28, 2019 4:15 PM ESTWESTLAKE 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 December31,2018.
Net income available to common stockholders was $30.6million, or $0.77 per diluted share, for the 2018 fourth quarter, compared with $19.8million, or $0.50 per diluted share, for the same period in 2017. The improvement was primarily due to a net gain on sale of $8.0million in 2018, compared with a net loss of $1.2million in 2017, one-time non-recurring income of $3.1million related to... More
