LTC Reports 2020 First Quarter Results and Discusses Recent Activities
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LTC Properties (LTC) Tops Q1 EPS by $1.08, Revenues Beat
May 4, 2020 5:52 AM EDTLTC Properties (NYSE: LTC) reported Q1 EPS of $1.60, $1.08 better than the analyst estimate of $0.52. Revenue for the quarter came in at $38.04 million versus the consensus estimate of $37.66 million.
Net income available to common stockholders was $63.4 million, or $1.60 per diluted share, for the 2020 first quarter, compared with $20.3 million, or $0.51 per diluted share, for the same period in 2019.The improvement was primarily due to a $43.9 million net gain on sale of properties and higher rental and interest... More