LTC Properties (LTC) Reports In-Line Q3 FFO

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Go back to LTC Properties (LTC) Reports In-Line Q3 FFO

LTC Reports 2019 Third Quarter Results and Discusses Recent Activities

October 31, 2019 4:30 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 third quarter ended September 30, 2019.

Net income available to common stockholders was $27.1 million, or $0.68 per diluted share, for the 2019 third quarter, compared with $34.8 million, or $0.88 per diluted share, for the same period in 2018. The decrease in net income available to common stockholders was primarily due to a higher gain on sale in the prior year, partially offset by an increase in revenues... More