LTC Properties (LTC) Misses Q2 EPS by 43c, Revenues Miss
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LTC Reports 2020 Second Quarter Results
July 30, 2020 4:30 PM EDTWESTLAKE 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 second quarter ended June 30, 2020.
Net income available to common stockholders was $1.8 million, or $0.05 per diluted share, for the 2020 second quarter, compared with $20.4 million, or $0.51 per diluted share, for the same period in 2019. The decrease in net income was primarily due to a non-recurring $17.7 million write-off of straight-line rent receivable and lease incentive balances related to an affiliate of Senior Lifestyle Corporation... More
