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LTC Properties (LTC)
NYSE:LTC
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.46Last Year’s EPS
0.56Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: 1.76%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a period of transition and strategic shifts for LTC Properties. While there are some challenges like the decrease in net income and lease non-renewals, the introduction of the RIDEA platform and improved liquidity suggest potential for future growth. The sentiment is balanced with significant strategic advancements and ongoing financial challenges.Company Guidance
During the fourth quarter 2024 earnings call, LTC Properties, Inc. provided several key metrics and guidance for the upcoming year. The company highlighted its strategic shift towards the RIDEA platform, aiming to transform $150 million to $200 million in existing triple net leases into RIDEA structures, with conversions expected by the second quarter of 2025. This move is anticipated to yield an 8% return on investment and is expected to be earnings-neutral in the first year. LTC also reported a decrease in net income by $10.1 million compared to the previous year, attributed to higher impairment losses and G&A expenses, although FFO excluding non-recurring items improved by $2.1 million due to lower interest expenses and increased interest income from construction loan funding. The company maintained a strong liquidity position with approximately $680 million available and reduced its debt to annualized adjusted EBITDA ratio to 4.3 times. For the first quarter of 2025, LTC provided guidance for core FFO to be between $0.64 and $0.65 per share.RIDEA Platform Introduction
LTC is transitioning from triple net leases to RIDEA structures, targeting $150 million to $200 million in initial gross investment assets. This strategy is expected to be transformative and unlock long-term growth potential.
Improvement in Liquidity
Total liquidity increased to approximately $680 million from $229 million at the end of September 2024. Debt to annualized adjusted EBITDA for real estate decreased to 4.3 times from 4.7 times.
Successful Debt Management
LTC repaid $95.8 million under its unsecured revolving line of credit and entered into a new $400 million ATM program.
Strong Operator Performance
ALG and Prestige have shown solid performance with no deferral concessions and increased occupancy by 740 basis points respectively.
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LTC Earnings History
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
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LTC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $34.68 | $34.41 | -0.78% |
| Oct 28, 2024 | $34.99 | $37.07 | +5.94% |
| Jul 29, 2024 | $36.21 | $34.01 | -6.08% |
| Apr 29, 2024 | $30.63 | $31.21 | +1.89% |
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.
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FAQ
When does LTC Properties (LTC) report earnings?
LTC Properties (LTC) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is LTC Properties (LTC) earnings time?
LTC Properties (LTC) earnings time is at May 05, 2025, TBA Not 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 (Q1) is 0.46.
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