LTC Properties Inc (LTC)

LTC Properties, Inc. is a real estate investment trust (REIT) focused on seniors housing and health care properties, principally investing through SHOP, as well as triple-net leases, and joint ventures. The Company's portfolio includes over 160 properties throughout the United States. Based on gross real estate investments, nearly 80% 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.

Ticker: LTC
Exchange: NYSE
Sector: Real Estate
Industry: REIT - Healthcare Facilities
Market cap: $2.45B
52-week range: $33.64 - $46.92

Valuation

Share price: $44.77 (close of Nov 6, 2026)
P/E (TTM): 4.62x
Price to book: 1.44x
Price to free cash flow: 17.00x
Enterprise value: $3.26B
Book value per share: $31.15

Price performance

Period	Change
1 day	-1.93%
5 days	+0.04%
1 month	+5.49%
3 months	+13.49%
6 months	+16.38%
Year to date	+30.22%
1 year	+26.04%
3 years	+39.60%
5 years	+32.34%
10 years	-3.22%
All time	+392.47%

Short interest

As of: Oct 15, 2026
Short % of float: 7.03%
Shares short: 3.23M
Days to cover: 5.10
Change since prior report: -0.65%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 10.15%
Return on assets: 5.72%
Net margin: 44.88%
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): 5.88%
Net debt to EBITDA: 1.34x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $262.85M
Net income: $117.97M
Earnings per share: $2.54
Interest expense: $35.31M
Shares outstanding: 46.23M

Income statement by year

Period end	Revenue	Net income	EPS
2025-12-31	$262.85M	$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	$100.02M	$2.49
2021-12-31	$155.32M	$55.86M	$1.41
2020-12-31	$159.34M	$95.29M	$2.42
2019-12-31	$185.30M	$80.53M	$2.03
2018-12-31	$168.65M	$154.98M	$3.91
2017-12-31	$168.06M	$87.34M	$2.21
2016-12-31	$161.58M	$85.11M	$2.21

Margins and returns by year

Period end	Net margin	Return on equity
2025-12-31	44.88%	10.15%
2024-12-31	43.38%	8.65%
2023-12-31	45.49%	9.79%
2022-12-31	57.11%	11.76%
2021-12-31	35.96%	7.50%
2020-12-31	59.81%	12.28%
2019-12-31	43.46%	10.25%
2018-12-31	91.90%	18.61%
2017-12-31	51.97%	11.51%
2016-12-31	52.68%	11.50%

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: Oct 22, 2026
Paid in the last twelve months: $2.28

Payment date	Dividend per share
2026-10-22	$0.19
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

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-03	Sep 2026	$0.70
2026-08-05	Jun 2026	$0.72
2026-05-06	Mar 2026	$0.72
2026-02-24	Dec 2025	$0.68
2025-11-04	Sep 2025	$0.65
2025-08-04	Jun 2025	$0.67
2025-05-05	Mar 2025	$0.66
2025-02-24	Dec 2024	$0.65

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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