← LTC PROPERTIES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $161.6m |
$168.1m
+4.01%
|
$168.6m
+0.35%
|
$185.3m
+9.88%
|
$159.3m
-14.01%
|
$155.3m
-2.52%
|
$175.2m
+12.77%
|
$197.2m
+12.61%
|
$209.8m
+6.39%
|
$262.9m
+25.26%
|
$347.9m
+32.34%
|
|
| General and Administrative Expense | $17.4m | $17.5m | $19.2m | $18.5m | $19.7m | $21.5m | $23.7m | $24.3m | $27.2m | $31.1m | $32.4m | |
| Operating Lease, Lease Income | $133.5m | $137.7m | $135.4m | $152.8m | $126.1m | $121.1m | $128.2m | $127.3m | $132.3m | $116.2m | — | |
| Operating expenses: | ||||||||||||
| Operating Income (Loss) | $80.4m |
$81.3m
+1.08%
|
$152.2m
+87.31%
|
$81.9m
-46.21%
|
$95.6m
+16.80%
|
$54.8m
-42.69%
|
$99.1m
+80.78%
|
$90.0m
-9.21%
|
$92.4m
+2.76%
|
$204.7m
+121.48%
|
$137.5m
-32.81%
|
|
| Interest Expense | $26.4m | $29.9m | $30.2m | $30.6m | $29.7m | $27.4m | $31.4m | $47.0m | $40.3m | $35.3m | $39.6m | |
| Interest income from financing receivables | — | — | — | — | — | — | $1.8m | $15.2m | $21.7m | $28.3m | — | |
| Interest income from mortgage loans | $27.3m | $26.8m | $28.2m | $30.0m | $31.4m | $32.8m | $40.6m | $47.7m | $45.2m | $39.0m | — | |
| Gain on sale of real estate, net | $3.6m | $3.8m | $70.7m | $2.1m | $44.1m | $7.5m | $37.8m | $37.3m | $8.0m | $77.8m | — | |
| Income (Loss) from Equity Method Investments | $1.1m | $2.3m | $2.9m | $2.4m | $432k | $1.4m | $1.5m | $1.5m | $2.4m | $6.8m | — | |
| Interest and Other Income | $735k | $3.6m | $5.0m | $2.6m | $1.8m | $1.4m | $4.5m | $6.9m | $10.7m | $7.2m | — | |
| Real Estate Tax Expense | — | — | — | $16.8m | $15.1m | $15.4m | $15.5m | $13.3m | $12.9m | $10.8m | — | |
| Triple-net lease property tax expense | — | — | — | $16.8m | $15.1m | $15.4m | $15.5m | $13.3m | $12.9m | $10.8m | — | |
| Income tax provision | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ($179k) | — | |
| Net Income (Loss) Attributable to Parent | $85.1m |
$87.0m
+2.19%
|
$155.0m
+78.18%
|
$80.5m
-48.04%
|
$95.3m
+18.34%
|
$55.9m
-41.38%
|
$100.0m
+79.06%
|
$89.7m
-10.29%
|
$91.0m
+1.45%
|
$118.0m
+29.58%
|
$134.7m
+14.21%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $84.7m |
$87.0m
+2.65%
|
$154.4m
+77.47%
|
$80.1m
-48.08%
|
$94.9m
+18.39%
|
$55.4m
-41.60%
|
$99.4m
+79.49%
|
$89.1m
-10.35%
|
$90.4m
+1.36%
|
$117.3m
+29.79%
|
$134.7m
+14.89%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $95k | $346k | $384k | $363k | $560k | $1.7m | $3.8m | $5.9m | $134.7m | |
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | $12k | $12k | $268k | $19k | $25k | — | $49k | — | — | $70k | — | |
| Income allocated to participating securities | ($385k) | ($362k) | ($625k) | ($391k) | ($422k) | ($458k) | ($580k) | ($587k) | ($682k) | ($696k) | — | |
| Earnings Per Share, Basic | $2.21 | $2.21 | $3.91 | $2.03 | $2.42 | $1.41 | $2.49 | $2.16 | $2.07 | $2.54 | $2.81 | |
| Earnings Per Share, Diluted | $2.21 | $2.20 | $3.89 | $2.02 | $2.42 | $1.41 | $2.48 | $2.16 | $2.04 | $2.52 | $2.80 | |
| Common Stock, Dividends, Per Share, Declared | $2.21 | $2.21 | $3.91 | $2.03 | $2.42 | $1.41 | $2.49 | $2.16 | $0.19 | $0.19 | — | |
| Basic (in shares) | $38.4m | $39.4m | $39.5m | $39.6m | $39.2m | $39.2m | $39.9m | $41.3m | $43.7m | $46.2m | $48.6m | |
| Diluted (in shares) | $38.6m | $39.6m | $39.8m | $39.8m | $39.3m | $39.2m | $40.1m | $41.4m | $44.2m | $46.6m | $48.9m | |
| Weighted Average Number of Shares Outstanding, Basic | 38.4m | 39.4m | 39.5m | 39.6m | 39.2m | 39.2m | 39.9m | 41.3m | 43.7m | 46.2m | 48.6m | |
| Weighted Average Number of Shares Outstanding, Diluted | 38.6m | 39.6m | 39.8m | 39.8m | 39.3m | 39.2m | 40.1m | 41.4m | 44.2m | 46.6m | 48.9m | |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related Costs | $179k | $56k | $84k | $365k | $299k | $4.4m | $828k | $1.1m | $819k | $8.2m | — | |
| Rental income | $133.5m | $137.7m | $135.4m | $152.8m | $126.1m | $121.1m | $128.2m | $127.3m | $132.3m | $116.2m | — | |
| Depreciation and amortization | $35.9m | $37.6m | $37.6m | $39.2m | $39.1m | $38.3m | $37.5m | $37.4m | $36.4m | $37.9m | $44.3m | |
| Impairment loss | $766k | $1.9m | $0 | $0 | $4.0m | $0 | $3.4m | $15.8m | $7.0m | $0 | — | |
| Write-off of effective interest receivable | — | — | — | — | — | — | — | $0 | — | $41.5m | — | |
| Provision for credit losses | $457k | ($206k) | $87k | $166k | ($3k) | $1.0m | $1.5m | $5.7m | $741k | $4.5m | — | |
| Transaction costs | $179k | $56k | $84k | $365k | $299k | $4.4m | $828k | $1.1m | $819k | $8.2m | — | |
| Income before unconsolidated joint ventures, real estate dispositions and other items | — | — | — | — | — | — | — | $52.7m | $84.5m | $39.5m | — | |
| Income from unconsolidated joint ventures | $1.1m | $2.3m | $2.9m | $2.4m | $432k | $1.4m | $1.5m | $1.5m | $2.4m | $6.8m | — | |
| Income allocated to non-controlling interests | — | — | ($95k) | ($346k) | ($384k) | ($363k) | ($560k) | ($1.7m) | ($3.8m) | ($5.9m) | — | |
| Total expenses | $81.2m | $86.8m | $87.1m | $105.5m | $107.8m | $108.0m | $113.9m | $144.6m | $125.4m | $223.4m | $210.3m |