LTC Properties reports Q1 core FFO 65c, consensus 66c

Reports Q1 revenue $49.031M vs $51.366M last year. “We’re off to a strong start this year, with $176 million in gross assets converted or soon to be converted into a new SHOP portfolio, the hiring of an industry veteran with significant experience as our new chief investment officer, and a strong and growing pipeline,” said LTC‘s co-CEOs Pam Kessler and Clint Malin. “The implementation of our RIDEA strategy has unlocked new opportunities for performance-driven upside. With momentum building and growth as our key priority, and backed by a seasoned team, ample access to capital, and a $300 million investment pipeline, we’re prepared to execute with discipline and precision to drive long-term, value-driven growth.”