NYSE:LTCHealth Care REITs
Earnings Miss and SHOP Expansion Could Be A Game Changer For LTC Properties (LTC)
LTC Properties recently reported fourth-quarter results that came in below analyst expectations on both earnings per share and revenue, underscoring ongoing operational headwinds in its senior housing and skilled nursing portfolio.
At the same time, the company has been reshaping its business mix by rapidly expanding its Senior Housing Operating Portfolio, including a US$108,000,000 acquisition of three Atlanta properties that now helps lift SHOP to 27% of gross investments.
We’ll now...