LTC Properties Inc (LTC)
LTC Properties, Inc. is a real estate investment trust focused on seniors housing and health care properties, principally investing through SHOP, triple-net leases, joint ventures, and structured finance solutions. The Company's portfolio includes nearly 190 properties throughout the United States. Based on gross real estate investments, 70 percent of the Company's assets are seniors housing communities with the remainder skilled nursing centers. LTC Properties, Inc. was established in 1992 and was incorporated in Maryland.
- Symbol
- LTC
- Exchange
- NYSE
- Sector
- Real Estate
- Industry
- REIT - Healthcare Facilities
- Market cap
- $2.29B
- 52 week range
- 33.64 - 43.6
Valuation
- Share price
- $42.54 (close of 2026-09-23)
- P/E (TTM)
- 15.10x
- Price to book
- 1.70x
- Price to free cash flow
- 16.16x
- Enterprise value
- $3.03B
- Book value per share
- $24.89
Price performance
| Period | Change |
|---|
| 1 day | -0.79% |
| 5 days | -2.12% |
| 1 month | +5.64% |
| 3 months | +14.20% |
| 6 months | +15.94% |
| Year to date | +23.73% |
| 1 year | +20.00% |
| 3 years | +35.39% |
| 5 years | +30.09% |
| 10 years | -19.55% |
| All time | +367.99% |
Profitability and growth
- Return on equity
- 10.15%
- Return on invested capital
- 10.28%
- Return on assets
- 5.72%
- Gross margin
- 89.73%
- Net margin
- 44.88%
- EBITDA margin
- 92.30%
- Revenue growth
- 25.26%
- Net income growth
- 29.58%
- Free cash flow growth
- 8.03%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 6.19%
- Net debt to EBITDA
- 3.28x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $262.85M
- Cost of revenue
- $27.01M
- Gross profit
- $235.85M
- EBITDA
- $242.60M
- Net income
- $117.97M
- Earnings per share
- $2.54
- Interest expense
- $35.31M
- Shares outstanding
- 46.23M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $262.85M | $235.85M | $117.97M | $2.54 |
| 2024-12-31 | $209.85M | - | $91.04M | $2.07 |
| 2023-12-31 | $197.24M | - | $89.73M | $2.16 |
| 2022-12-31 | $175.15M | $122.79M | $100.02M | $2.49 |
| 2021-12-31 | $155.32M | $76.27M | $55.86M | $1.41 |
| 2020-12-31 | $159.34M | $115.34M | $95.29M | $2.42 |
| 2019-12-31 | $185.30M | $100.33M | $80.53M | $2.03 |
| 2018-12-31 | $168.65M | - | $154.98M | $3.91 |
| 2017-12-31 | $168.06M | $102.59M | $87.34M | $2.21 |
| 2016-12-31 | $161.58M | $101.39M | $85.11M | $2.21 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 89.73% | 44.88% | 10.15% | 10.28% |
| 2024-12-31 | - | 43.38% | 8.65% | 11.54% |
| 2023-12-31 | - | 45.49% | 9.79% | 10.38% |
| 2022-12-31 | 70.10% | 57.11% | 11.76% | 6.16% |
| 2021-12-31 | 49.10% | 35.96% | 7.50% | 3.75% |
| 2020-12-31 | 72.39% | 59.81% | 12.28% | 6.75% |
| 2019-12-31 | 54.14% | 43.46% | 10.25% | 5.55% |
| 2018-12-31 | - | 91.90% | 18.61% | 10.32% |
| 2017-12-31 | 61.04% | 51.97% | 11.51% | 5.99% |
| 2016-12-31 | 62.75% | 52.68% | 11.50% | 6.26% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $14.39M | $842.18M |
| 2024-12-31 | $9.41M | $684.60M |
| 2023-12-31 | $20.29M | $891.32M |
| 2022-12-31 | $10.38M | $767.85M |
| 2021-12-31 | $5.16M | $722.72M |
| 2020-12-31 | $7.77M | $649.38M |
| 2019-12-31 | $4.24M | $693.39M |
| 2018-12-31 | $2.66M | $645.03M |
| 2017-12-31 | $5.21M | $667.50M |
| 2016-12-31 | $7.99M | $609.39M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $135.98M | $9.33M |
| 2024-12-31 | $125.88M | $9.05M |
| 2023-12-31 | $104.49M | $8.48M |
| 2022-12-31 | $105.59M | $7.96M |
| 2021-12-31 | $91.18M | $7.76M |
| 2020-12-31 | $116.10M | $7.01M |
| 2019-12-31 | $122.47M | $6.57M |
| 2018-12-31 | $115.53M | $5.87M |
| 2017-12-31 | $105.31M | $5.25M |
| 2016-12-31 | $105.71M | $4.28M |
Dividend history
- Most recent payment
- 2026-09-22
- Paid in the last twelve months
- $2.28
| Payment date | Dividend per share |
|---|
| 2026-09-22 | $0.19 |
| 2026-08-21 | $0.19 |
| 2026-07-23 | $0.19 |
| 2026-06-22 | $0.19 |
| 2026-05-21 | $0.19 |
| 2026-04-22 | $0.19 |
| 2026-03-23 | $0.19 |
| 2026-02-20 | $0.19 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-03
- Consensus EPS estimate
- $0.70
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | $0.72 |
| 2026-05-06 | - | - |
| 2026-02-24 | - | - |
| 2025-11-04 | - | - |
| 2025-08-04 | - | - |
| 2025-05-05 | - | - |
| 2025-02-24 | - | - |
| 2024-10-28 | - | - |
Filings and sources
- Company website
- ltcreit.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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