LTC Properties (LTC) Reports Q3 FFO of $0.58

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Go back to LTC Properties (LTC) Reports Q3 FFO of $0.58

LTC Reports 2020 Third Quarter Results and Discusses Recent Activities

October 29, 2020 4:15 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, 2020.

Net income available to common stockholders was $12.1 million, or $0.31 per diluted share, for the 2020 third quarter, compared with $27.1 million, or $0.68 per diluted share, for the same period in 2019. Funds from Operations (FFO) was $22.8 million, or $0.58 per diluted common share, for the 2020 third quarter, compared with $30.8 million, or $0.77 per diluted common share, for the comparable 2019 period. Excluding $5.1... More