The earnings call demonstrated a strong focus on growth through the RIDEA platform and solid financial performance. However, challenges remain, particularly with the skilled-nursing centers and the occupancy dips in the Anthem portfolio. Overall, the company appears to be well-positioned for future growth with a cautious approach to existing challenges.

Company Guidance -

Q2 2025

During the first quarter of 2025 earnings call for LTC Properties, the company outlined a series of strategic moves that include converting 13 properties from triple net leases to a SHOP portfolio valued at $176 million. This transition, completed with Anthem Memory Care and soon to include New Perspective, is part of their RIDEA strategy which has expanded their investment pipeline to $300 million, with approximately 50% representing RIDEA opportunities. The company appointed Dave Boitano as the new Chief Investment Officer, bringing substantial industry experience. Financially, LTC reported a slight increase in core FFO per share to $0.65 and a similar increase in core FAD per share to $0.70. Their liquidity stands at $681 million, with a debt to annualized adjusted EBITDA ratio of 4.3x and an improved fixed charge coverage ratio of 5.0x. They provided full-year guidance for core FFO per share between $2.65 and $2.69 and core FAD per share between $2.78 and $2.82. The company's SHOP portfolio is projected to generate NOI between $9.4 million and $10.3 million in 2025.

RIDEA Platform Expansion

LTC Properties expanded its RIDEA platform with a SHOP portfolio totaling $176 million in gross book value through the conversion of 13 properties from triple net leases. The investment pipeline now stands at $300 million, with RIDEA opportunities representing approximately 50%.

Financial Performance and Liquidity

Core FFO grew to $0.65 from $0.64, and core FAD increased to $0.7 from $0.67. Total liquidity is approximately $681 million, with a debt to annualized adjusted EBITDA ratio of 4.3x and an improved annualized adjusted fixed charge coverage ratio of 5.0x.

Prestige Contractual Cash Interest

Received full contractual cash interest of $5 million through $3.8 million in cash interest paid and $1.2 million from security. Prestige received $2.3 million in retroactive Medicaid payments, with security deposit now at $6 million.

Operator Pipeline and Growth Strategy

Actively pursuing underwriting opportunities to add stabilized assets, focusing on a blend of RIDEA strategy with traditional and structured finance transactions for long-term value creation.

LTC Properties (LTC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

LTC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 04, 2025	2025 (Q2)	0.45 / -	0.44	―	―	―
May 05, 2025	2025 (Q1)	0.46 / 0.45	0.56	-19.64% (-0.11)
Feb 24, 2025	2024 (Q4)	0.49 / 0.39	0.67	-41.79% (-0.28)
Oct 28, 2024	2024 (Q3)	0.52 / 0.66	0.54	22.22% (+0.12)
Jul 29, 2024	2024 (Q2)	0.45 / 0.44	0.15	193.33% (+0.29)
Apr 29, 2024	2024 (Q1)	0.52 / 0.56	0.8	-30.00% (-0.24)
Feb 15, 2024	2023 (Q4)	0.47 / 0.67	0.44	52.27% (+0.23)
Oct 26, 2023	2023 (Q3)	0.46 / 0.54	0.32	68.75% (+0.22)
Jul 27, 2023	2023 (Q2)	0.42 / 0.15	1.36	-88.97% (-1.21)
Apr 27, 2023	2023 (Q1)	0.45 / 0.80	0.36	122.22% (+0.44)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LTC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 05, 2025	$34.02	$35.22	+3.53%
Feb 24, 2025	$33.94	$33.68	-0.77%
Oct 28, 2024	$34.24	$36.28	+5.96%
Jul 29, 2024	$35.44	$33.28	-6.09%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Ltc Properties (LTC) report earnings?

Ltc Properties (LTC) is schdueled to report earning on Aug 04, 2025, After Close (Confirmed).

What is Ltc Properties (LTC) earnings time?

Ltc Properties (LTC) earnings time is at Aug 04, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is LTC EPS forecast?

LTC EPS forecast for the fiscal quarter 2025 (Q2) is 0.45.

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