Declared Dividend • 1h
Dividend of US$0.19 announced Shareholders will receive a dividend of US$0.19. Ex-date: 23rd July 2026 Payment date: 31st July 2026 Dividend yield will be 5.7%, which is higher than the industry average of 3.8%. Announcement • Jul 01
LTC Properties Inc. Declares Its Monthly Common Stock Cash Dividend for the Third Quarter of 2026, Payable on July 31, August 31, and September 30, 2026 LTC Properties Inc. announced a monthly cash dividend of $0.19 per common share for the third quarter of 2026, with payment dates on July 31, August 31, and September 30, 2026, and corresponding record dates on July 23, August 21, and September 22, 2026. Upcoming Dividend • Jun 15
Upcoming dividend of US$0.19 per share Eligible shareholders must have bought the stock before 22 June 2026. Payment date: 30 June 2026. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.6%). In line with average of industry peers (6.5%). Announcement • Jun 03
LTC Properties, Inc. (NYSE:LTC) acquired 104-unit assisted living and memory care community. LTC Properties, Inc. (NYSE:LTC) acquired 104-unit assisted living and memory care community on June 2, 2026. A cash consideration of $54 million will be paid by LTC Properties, Inc. The transaction was funded through Revolving line of credit and future proceeds from previous sales and loan payoffs.
LTC Properties, Inc. (NYSE:LTC) completed the acquisition of 104-unit assisted living and memory care community on June 2, 2026. Declared Dividend • May 31
Dividend of US$0.19 announced Shareholders will receive a dividend of US$0.19. Ex-date: 22nd June 2026 Payment date: 30th June 2026 Dividend yield will be 6.2%, which is higher than the industry average of 3.8%. Declared Dividend • May 20
Dividend of US$0.19 announced Shareholders will receive a dividend of US$0.19. Ex-date: 21st May 2026 Payment date: 29th May 2026 Dividend yield will be 6.0%, which is higher than the industry average of 3.8%. Announcement • Apr 16
LTC Properties, Inc. to Report Q1, 2026 Results on May 06, 2026 LTC Properties, Inc. announced that they will report Q1, 2026 results After-Market on May 06, 2026 Announcement • Apr 09
LTC Properties, Inc., Annual General Meeting, May 20, 2026 LTC Properties, Inc., Annual General Meeting, May 20, 2026. Announcement • Apr 01
LTC Properties, Inc. Declares Monthly Common Stock Cash Dividend for the Second Quarter of 2026, Payable on April 30, 2026, May 29, 2026 and June 30, 2026 LTC Properties Inc. announced that it had declared a monthly cash dividend of $0.19 per common share per month for the second quarter of 2026. Distribution dates are: Record date: April 22, 2026, Payment date: April 30, 2026, Amount: $0.19 per common share . Record date: May 21, 2026, Payment date: May 29, 2026, Amount: $0.19 per common share . Record date: June 22, 2026, Payment date: June 30, 2026, Amount: $0.19 per common share. Announcement • Feb 25
LTC Properties, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2026 LTC Properties, Inc. provided earnings guidance for the first quarter and full year of 2026. For the quarter, the company expects diluted earnings per common share of $0.60 to $0.62.
For the full year, the company expects diluted earnings per common share of $1.80 to $1.84. Announcement • Feb 04
LTC Properties, Inc. to Report Q4, 2025 Results on Feb 24, 2026 LTC Properties, Inc. announced that they will report Q4, 2025 results After-Market on Feb 24, 2026 Announcement • Jan 02
LTC Properties, Inc. Declares Its Monthly Common Stock Cash Dividend for the First Quarter of 2026, Payable on January 30, 2026, February 27, 2026 and March 31, 2026 Respectively LTC Properties Inc. announced that it had declared a monthly cash dividend of $0.19 per common share per month for the first quarter of 2026. Distribution dates are outlined in the table below. Record date: January 22, 2026, Payment date: January 30, 2026, Amount: $0.19 per common share . Record date: February 20, 2026, Payment date: February 27, 2026, Amount: $0.19 per common share . Record date: March 23, 2026, Payment date: March 31, 2026, Amount: $0.19 per common share. Announcement • Dec 21
LTC Properties, Inc. (NYSE:LTC) acquired 100-unit Assisted Living and Memory Care Community in Tennessee for $31.6 million. LTC Properties, Inc. (NYSE:LTC) acquired 100-unit Assisted Living and Memory Care Community in Tennessee for $31.6 million on December 19, 2025. In a related transaction, LTC Properties, Inc. acquired 122-unit Assisted Living and Memory Care Community in Wisconsin for $31.3 million on December 19, 2025. The acquisitions were funded through a combination of LTC Properties, Inc.’s revolving credit line, proceeds from ATM sales, proceeds from previously announced property sales, a $16 million loan payoff with a current yield of 7.75%, and a preferred equity redemption of $6.4 million with a current yield of 9% and an IRR of 12%.
LTC Properties, Inc. (NYSE:LTC) completed the acquisition of 100-unit Assisted Living and Memory Care Community in Tennessee on December 19, 2025. Announcement • Nov 04
The Arbor Company and LTC Properties, Inc. (NYSE:LTC) acquired Senior Housing Operating Portfolio (“SHOP”) in Georgia for $23 million. The Arbor Company and LTC Properties, Inc. (NYSE:LTC) acquired Senior Housing Operating Portfolio (“SHOP”) in Georgia for $23 million on November 3, 2025. The transaction is funded through proceeds from previously disclosed property sales.
The Arbor Company and LTC Properties, Inc. (NYSE:LTC) completed the acquisition of Senior Housing Operating Portfolio (“SHOP”) in Georgia for $23 million on November 3, 2025. Announcement • Oct 15
LTC Properties, Inc. to Report Q3, 2025 Results on Nov 04, 2025 LTC Properties, Inc. announced that they will report Q3, 2025 results After-Market on Nov 04, 2025 Announcement • Oct 01
Ltc Properties, Inc. Declares Its Monthly Common Stock Cash Dividend for the Fourth Quarter of 2025, Payable on October 31, 2025, November 28, 2025 and December 31, 2025 Respectively LTC Properties Inc. announced that it had declared a monthly cash dividend of $0.19 per common share per month for the fourth quarter of 2025. Distribution dates are outlined in the table below. Record date: October 23, 2025, Payment date: October 31, 2025, Amount: $0.19 per common share . Record date: November 20, 2025, Payment date: November 28, 2025, Amount: $0.19 per common share . Record date: December 23, 2025, Payment date: December 31, 2025, Amount: $0.19 per common share. Declared Dividend • Aug 30
Dividend of US$0.19 announced Shareholders will receive a dividend of US$0.19. Ex-date: 22nd September 2025 Payment date: 30th September 2025 Dividend yield will be 6.7%, which is higher than the industry average of 3.8%. Declared Dividend • Aug 18
Dividend of US$0.19 announced Shareholders will receive a dividend of US$0.19. Ex-date: 21st August 2025 Payment date: 29th August 2025 Dividend yield will be 6.9%, which is higher than the industry average of 3.8%. Announcement • Aug 05
LTC Properties, Inc. Revises Earnings Guidance for the Full Year 2025 LTC Properties, Inc. revised earnings guidance for the full year 2025. For the year, the company raised GAAP net income attributable to LTC increased from $3.38 and $3.42 per share, to $3.45 and $3.48 per share. Announcement • Jul 15
LTC Properties, Inc. to Report Q2, 2025 Results on Aug 04, 2025 LTC Properties, Inc. announced that they will report Q2, 2025 results After-Market on Aug 04, 2025 Announcement • Jul 02
LTC Properties, Inc. Declares Its Monthly Common Stock Cash Dividend for the Third Quarter of 2025, Payable on July 31, 2025, August 29, 2025 and September 30, 2025 Respectively LTC Properties Inc. announced that it had declared a monthly cash dividend of $0.19 per common share per month for the third quarter of 2025. Distribution dates are outlined in the table below. Record date: July 23, 2025, Payment date: July 31, 2025, Amount: $0.19 per common share . Record date: August 21, 2025, Payment date: August 29, 2025, Amount: $0.19 per common share . Record date: September 22, 2025, Payment date: September 30, 2025, Amount: $0.19 per common share . Announcement • Jun 04
LTC Properties, Inc. Elects Jeffrey C. Hawken to Serve on the Board of Directors LTC Properties, Inc. at its Annual Meeting of Stockholders held on May 28, 2025, elected Jeffrey C. Hawken to serve on the Board of Directors for the ensuing year and until the election and qualification of their respective successors. Announcement • May 06
LTC Properties, Inc. Provides Earnings Guidance for the Year 2025 LTC Properties, Inc. provided earnings guidance for the year 2025. For the year, the company expects GAAP net income attributable to LTC between $3.38 and $3.42 per share. Announcement • Apr 21
LTC Properties, Inc. Announces David Boitano as Executive Vice President and New Chief Investment Officer LTC Properties, Inc. announced the appointment of industry veteran, David Boitano, as Executive Vice President and Chief Investment Officer, following the promotion of Clint Malin to Co-Chief Executive Officer in December 2024. Boitano has spent most of his seniors housing and health care finance career at Ventas, playing a pivotal role in sourcing investments, including RIDEA, with direct underwriting responsibility for more than $5.0 billion in transactions. Announcement • Apr 15
LTC Properties, Inc. to Report Q1, 2025 Results on May 05, 2025 LTC Properties, Inc. announced that they will report Q1, 2025 results After-Market on May 05, 2025 Announcement • Apr 07
LTC Properties, Inc., Annual General Meeting, May 28, 2025 LTC Properties, Inc., Annual General Meeting, May 28, 2025. Announcement • Apr 01
LTC Properties, Inc. Declares Cash Dividend for the Second Quarter of 2025, Payable on April 30, 2025, May 30, 2025 and June 30, 2025 LTC Properties Inc. announced that it had declared a monthly cash dividend of $0.19 per common share per month for the second quarter of 2025. Record dates are April 22, 2025, May 22, 2025 and June 20, 2025. Payment dates are April 30, 2025, May 30, 2025 and June 30, 2025. Announcement • Feb 04
LTC Properties, Inc. to Report Q4, 2024 Results on Feb 24, 2025 LTC Properties, Inc. announced that they will report Q4, 2024 results After-Market on Feb 24, 2025 Declared Dividend • Jan 06
Dividend of US$0.19 announced Shareholders will receive a dividend of US$0.19. Ex-date: 23rd January 2025 Payment date: 31st January 2025 Dividend yield will be 6.4%, which is higher than the industry average of 3.8%. Announcement • Jan 02
LTC Properties, Inc. Declares Monthly Cash Dividend Per Month for the Fourth Quarter of 2024, Payable on January 31, 2025, February 28, 2025 and March 31, 2025, Respectively LTC Properties, Inc. announced that it had declared a monthly cash dividend of $0.19 per common share per month for the fourth quarter of 2024. The dividend is payable on January 31, 2025, February 28, 2025 and March 31, 2025, respectively. Record dates are January 23, 2025, February 20, 2025 and March 21, 2025, respectively. Upcoming Dividend • Nov 15
Upcoming dividend of US$0.19 per share Eligible shareholders must have bought the stock before 21 November 2024. Payment date: 29 November 2024. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.9%). Lower than average of industry peers (8.0%). Announcement • Nov 14
LTC Properties, Inc. has filed a Follow-on Equity Offering in the amount of $400 million. LTC Properties, Inc. has filed a Follow-on Equity Offering in the amount of $400 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering New Risk • Nov 12
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €380k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Earnings are forecast to decline by an average of 8.9% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (9.3% increase in shares outstanding). Significant insider selling over the past 3 months (€380k sold). Recent Insider Transactions • Nov 12
Chief Investment Officer & Co-President recently sold €216k worth of stock On the 7th of November, Clint Malin sold around 6k shares on-market at roughly €35.93 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Clint's only on-market trade for the last 12 months. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: US$0.67 (vs US$0.54 in 3Q 2023) Third quarter 2024 results: EPS: US$0.67 (up from US$0.54 in 3Q 2023). Revenue: US$55.8m (up 16% from 3Q 2023). Net income: US$29.6m (up 34% from 3Q 2023). Profit margin: 53% (up from 46% in 3Q 2023). Revenue is expected to decline by 9.4% p.a. on average during the next 3 years, while revenues in the Health Care REITs industry in Europe are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • Oct 18
Upcoming dividend of US$0.19 per share Eligible shareholders must have bought the stock before 23 October 2024. Payment date: 31 October 2024. Trailing yield: 6.3%. Within top quartile of German dividend payers (4.8%). Lower than average of industry peers (7.4%). Announcement • Oct 08
LTC Properties, Inc. to Report Q3, 2024 Results on Oct 28, 2024 LTC Properties, Inc. announced that they will report Q3, 2024 results After-Market on Oct 28, 2024 Declared Dividend • Oct 04
Dividend of US$0.19 announced Shareholders will receive a dividend of US$0.19. Ex-date: 23rd October 2024 Payment date: 31st October 2024 Dividend yield will be 6.5%, which is higher than the industry average of 3.8%. Announcement • Oct 01
LTC Properties, Inc. Declares Monthly Cash Dividend for the Fourth Quarter of 2024, Payable on October 31, 2024, November 29, 2024 and December 31, 2024 Respectively LTC Properties, Inc. announced that it had declared a monthly cash dividend of $0.19 per common share per month for the fourth quarter of 2024. The dividend is payable on October 31, 2024, November 29, 2024 and December 31, 2024. Record dates are October 23, 2024, November 21, 2024 and December 23, 2024. Upcoming Dividend • Sep 13
Upcoming dividend of US$0.19 per share Eligible shareholders must have bought the stock before 20 September 2024. Payment date: 30 September 2024. Trailing yield: 6.1%. Within top quartile of German dividend payers (4.9%). Lower than average of industry peers (7.3%). Declared Dividend • Aug 23
Dividend of US$0.19 announced Shareholders will receive a dividend of US$0.19. Ex-date: 20th September 2024 Payment date: 30th September 2024 Dividend yield will be 6.7%, which is higher than the industry average of 3.8%. Upcoming Dividend • Aug 15
Upcoming dividend of US$0.19 per share Eligible shareholders must have bought the stock before 22 August 2024. Payment date: 30 August 2024. Trailing yield: 6.4%. Within top quartile of German dividend payers (4.9%). Lower than average of industry peers (7.5%). Recent Insider Transactions • Aug 04
Independent Director recently bought €196k worth of stock On the 2nd of August, David Gruber bought around 6k shares on-market at roughly €32.74 per share. This transaction amounted to 48% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €479k more in shares than they bought in the last 12 months. Reported Earnings • Jul 30
Second quarter 2024 earnings released: EPS: US$0.44 (vs US$0.15 in 2Q 2023) Second quarter 2024 results: EPS: US$0.44 (up from US$0.15 in 2Q 2023). Revenue: US$50.1m (up 5.1% from 2Q 2023). Net income: US$19.2m (up 218% from 2Q 2023). Profit margin: 38% (up from 13% in 2Q 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Health Care REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 24
Dividend of US$0.19 announced Shareholders will receive a dividend of US$0.19. Ex-date: 22nd August 2024 Payment date: 30th August 2024 Dividend yield will be 6.2%, which is higher than the industry average of 3.8%. Announcement • Jul 10
LTC Properties, Inc. to Report Q2, 2024 Results on Jul 29, 2024 LTC Properties, Inc. announced that they will report Q2, 2024 results After-Market on Jul 29, 2024 Declared Dividend • Jul 08
Dividend of US$0.19 announced Shareholders will receive a dividend of US$0.19. Ex-date: 23rd July 2024 Payment date: 31st July 2024 Dividend yield will be 6.7%, which is higher than the industry average of 3.8%. Announcement • Jul 01
LTC Properties, Inc. Declares Monthly Cash Dividend for the Third Quarter of 2024, Payable on July 31, 2024, August 30, 2024 and September 30, 2024 LTC Properties, Inc. announced that it had declared a monthly cash dividend of $0.19 per common share per month for the third quarter of 2024. The dividend is payable on July 31, 2024, August 30, 2024 and September 30, 2024. Record dates are July 23, 2024, August 22, 2024 and September 20, 2024. Upcoming Dividend • Jun 13
Upcoming dividend of US$0.19 per share Eligible shareholders must have bought the stock before 20 June 2024. Payment date: 28 June 2024. Trailing yield: 6.8%. Within top quartile of German dividend payers (4.5%). Lower than average of industry peers (7.9%). Declared Dividend • May 23
Dividend of US$0.19 announced Shareholders will receive a dividend of US$0.19. Ex-date: 20th June 2024 Payment date: 28th June 2024 Dividend yield will be 6.7%, which is higher than the industry average of 3.8%. Upcoming Dividend • May 15
Upcoming dividend of US$0.19 per share Eligible shareholders must have bought the stock before 22 May 2024. Payment date: 31 May 2024. Trailing yield: 6.6%. Within top quartile of German dividend payers (4.6%). Lower than average of industry peers (7.5%). Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent Director David Gruber was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: US$0.56 (vs US$0.80 in 1Q 2023) First quarter 2024 results: EPS: US$0.56 (down from US$0.80 in 1Q 2023). Revenue: US$51.4m (up 9.0% from 1Q 2023). Net income: US$24.2m (down 26% from 1Q 2023). Profit margin: 47% (down from 70% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Health Care REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 20
Dividend of US$0.19 announced Shareholders will receive a dividend of US$0.19. Ex-date: 22nd May 2024 Payment date: 31st May 2024 Dividend yield will be 7.2%, which is higher than the industry average of 3.8%. Announcement • Apr 19
LTC Properties, Inc., Annual General Meeting, May 22, 2024 LTC Properties, Inc., Annual General Meeting, May 22, 2024, at 17:01 Pacific Standard Time. Agenda: To elect six directors to serve on the Board of Directors for the ensuing year and until the election and qualification of their respective successors; to approve the compensation of the named executive officers; to ratify the appointment of Ernst & Young LLP as independent registered public accounting firm for fiscal 2024; and to transact such other business as may properly come before the meeting or any adjournment or postponement thereof. Announcement • Apr 10
LTC Properties, Inc. to Report Q1, 2024 Results on Apr 29, 2024 LTC Properties, Inc. announced that they will report Q1, 2024 results After-Market on Apr 29, 2024 Declared Dividend • Apr 08
Dividend of US$0.19 announced Shareholders will receive a dividend of US$0.19. Ex-date: 19th April 2024 Payment date: 30th April 2024 Dividend yield will be 7.2%, which is higher than the industry average of 3.8%. Announcement • Apr 04
LTC Properties, Inc. acquired Skilled Nursing And Assisted Living Campus in Katy, Texas. LTC Properties, Inc. acquired Skilled Nursing And Assisted Living Campus in Katy, Texas on April 3, 2024.LTC Properties, Inc. completed the acquisition of Skilled Nursing And Assisted Living Campus in Katy, Texas on April 3, 2024. Announcement • Apr 02
LTC Properties, Inc. Declares Monthly Cash Dividend for the Second Quarter of 2024, Payable on April 30, 2024, May 31, 2024 and June 28, 2024, Respectively LTC Properties, Inc. announced that it had declared a monthly cash dividend of $0.19 per common share per month for the second quarter of 2024. The dividend is payable on April 30, 2024, May 31, 2024 and June 28, 2024, respectively, to stockholders of record on April 22, 2024, May 23, 2024 and June 20, 2024 respectively. Upcoming Dividend • Mar 13
Upcoming dividend of US$0.19 per share Eligible shareholders must have bought the stock before 20 March 2024. Payment date: 29 March 2024. Trailing yield: 7.1%. Within top quartile of German dividend payers (5.1%). Lower than average of industry peers (8.0%). Declared Dividend • Feb 21
Dividend of US$0.19 announced Shareholders will receive a dividend of US$0.19. Ex-date: 20th March 2024 Payment date: 29th March 2024 Dividend yield will be 7.2%, which is higher than the industry average of 3.8%. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: US$2.19 (vs US$2.49 in FY 2022) Full year 2023 results: EPS: US$2.19 (down from US$2.49 in FY 2022). Revenue: US$197.2m (up 15% from FY 2022). Net income: US$90.3m (down 9.2% from FY 2022). Profit margin: 46% (down from 58% in FY 2022). Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Health Care REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 13
Upcoming dividend of US$0.19 per share at 7.3% yield Eligible shareholders must have bought the stock before 20 February 2024. Payment date: 29 February 2024. Trailing yield: 7.3%. Within top quartile of German dividend payers (5.1%). In line with average of industry peers (7.7%). Announcement • Jan 27
LTC Properties, Inc. to Report Q4, 2023 Results on Feb 15, 2024 LTC Properties, Inc. announced that they will report Q4, 2023 results After-Market on Feb 15, 2024 Upcoming Dividend • Jan 15
Upcoming dividend of US$0.19 per share at 6.9% yield Eligible shareholders must have bought the stock before 22 January 2024. Payment date: 31 January 2024. Trailing yield: 6.9%. Within top quartile of German dividend payers (5.0%). In line with average of industry peers (7.0%). Announcement • Jan 02
LTC Properties, Inc. Declares Monthly Common Stock Cash Dividend for the First Quarter of 2024, Payable on January 31, 2024, February 29, 2024 and March 29, 2024 Respectively LTC Properties Inc. announced that it had declared a monthly cash dividend of $0.19 per common share per month for the first quarter of 2024. For the months of January, February and March 2024, payable on January 31, 2024, February 29, 2024 and March 29, 2024 respectively, to stockholders of record on January 23, 2024, February 21, 2024 and March 21, 2024 respectively. Recent Insider Transactions • Dec 25
Lead Independent Director recently sold €223k worth of stock On the 22nd of December, Boyd Hendrickson sold around 8k shares on-market at roughly €29.68 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €465k. Insiders have been net sellers, collectively disposing of €767k more than they bought in the last 12 months. New Risk • Dec 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. Minor Risks Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Significant insider selling over the past 3 months (€465k sold). Upcoming Dividend • Dec 13
Upcoming dividend of US$0.19 per share at 6.9% yield Eligible shareholders must have bought the stock before 20 December 2023. Payment date: 29 December 2023. Trailing yield: 6.9%. Within top quartile of German dividend payers (5.2%). In line with average of industry peers (7.2%). Recent Insider Transactions • Nov 16
CFO, Co-President & Corporate Secretary recently sold €465k worth of stock On the 14th of November, Pamela Shelley-Kessler sold around 16k shares on-market at roughly €29.98 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Pamela's only on-market trade for the last 12 months. Upcoming Dividend • Nov 14
Upcoming dividend of US$0.19 per share at 7.1% yield Eligible shareholders must have bought the stock before 21 November 2023. Payment date: 30 November 2023. Trailing yield: 7.1%. Within top quartile of German dividend payers (5.0%). In line with average of industry peers (7.6%). Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: US$0.54 (vs US$0.33 in 3Q 2022) Third quarter 2023 results: EPS: US$0.54 (up from US$0.33 in 3Q 2022). Revenue: US$49.3m (up 16% from 3Q 2022). Net income: US$22.1m (up 68% from 3Q 2022). Profit margin: 45% (up from 31% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Health Care REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 13
Upcoming dividend of US$0.19 per share at 7.0% yield Eligible shareholders must have bought the stock before 20 October 2023. Payment date: 31 October 2023. Trailing yield: 7.0%. Within top quartile of German dividend payers (5.0%). Lower than average of industry peers (8.0%). Announcement • Oct 07
LTC Properties, Inc. to Report Q3, 2023 Results on Oct 26, 2023 LTC Properties, Inc. announced that they will report Q3, 2023 results After-Market on Oct 26, 2023 Announcement • Oct 05
LTC Properties, Inc. Declares Monthly Common Stock Cash Dividend for the Fourth Quarter of 2023, Payable on October 31, November 30 and December 29, 2023, Respectively LTC Properties Inc. announced that it had declared a monthly cash dividend on its common stock for the fourth quarter of 2023. The Company declared a monthly cash dividend of $0.19 per common share per month for the months of October, November and December 2023, payable on October 31, November 30 and December 29, 2023, respectively, to stockholders of record on October 23, November 22 and December 21, 2023, respectively. Upcoming Dividend • Sep 13
Upcoming dividend of US$0.19 per share at 7.1% yield Eligible shareholders must have bought the stock before 20 September 2023. Payment date: 29 September 2023. Trailing yield: 7.1%. Within top quartile of German dividend payers (4.9%). In line with average of industry peers (7.4%). Upcoming Dividend • Aug 15
Upcoming dividend of US$0.19 per share at 6.9% yield Eligible shareholders must have bought the stock before 22 August 2023. Payment date: 31 August 2023. Trailing yield: 6.9%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (7.3%). New Risk • Jul 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 38% Last year net profit margin: 58% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Profit margins are more than 30% lower than last year (38% net profit margin). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Announcement • Jul 28
LTC Properties, Inc. Names David Gruber to Board of Directors, Esg Committee, Compensation Committee and Investment Committee LTC Properties, Inc. announced that David Gruber has been elected to its Board of Directors effective July 25, 2023, increasing the total number of directors from six to seven, six of whom are independent. Gruber, 53, is a qualified financial expert with significant corporate finance, governance and compliance expertise, having served as Managing Director, Head of Equity Capital Markets for KeyBanc Capital Markets for more than 20 years, where he chaired and was a member of the bank’s Equity Commitment and Capital Commitment Committees. Under his leadership, Gruber’s team helped execute more than 1,100 equity transactions, raising in excess of $500 billion in equity capital. Gruber holds a B.S. in Finance from Kent State University, and is currently a member of the advisory board for Cleveland Central Catholic High School in Cleveland, Ohio. He also has served on numerous nonprofit organization boards in recent years. Mr. Gruber has been appointed to serve on the ESG Committee, Compensation Committee and Investment Committee. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$0.15 (vs US$1.37 in 2Q 2022) Second quarter 2023 results: EPS: US$0.15 (down from US$1.37 in 2Q 2022). Revenue: US$48.2m (up 15% from 2Q 2022). Net income: US$6.03m (down 89% from 2Q 2022). Profit margin: 13% (down from 128% in 2Q 2022). Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Health Care REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Upcoming Dividend • Jul 13
Upcoming dividend of US$0.19 per share at 6.7% yield Eligible shareholders must have bought the stock before 20 July 2023. Payment date: 31 July 2023. Trailing yield: 6.7%. Within top quartile of German dividend payers (4.8%). In line with average of industry peers (7.4%). Announcement • Jul 08
LTC Properties, Inc. to Report Q2, 2023 Results on Jul 27, 2023 LTC Properties, Inc. announced that they will report Q2, 2023 results After-Market on Jul 27, 2023 Recent Insider Transactions • Jul 06
Independent Director recently sold €182k worth of stock On the 28th of June, Timothy Triche sold around 6k shares on-market at roughly €30.26 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €604k more than they bought in the last 12 months. Upcoming Dividend • Jun 14
Upcoming dividend of US$0.19 per share at 6.8% yield Eligible shareholders must have bought the stock before 21 June 2023. Payment date: 30 June 2023. Trailing yield: 6.8%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (7.0%). Upcoming Dividend • May 15
Upcoming dividend of US$0.19 per share at 6.8% yield Eligible shareholders must have bought the stock before 22 May 2023. Payment date: 31 May 2023. Trailing yield: 6.8%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (6.5%). Reported Earnings • Apr 30
First quarter 2023 earnings released: FFO per share: US$0.7 (vs US$0.60 in 1Q 2022) First quarter 2023 results: FFO per share: US$0.7 (up from US$0.60 in 1Q 2022). Revenue: US$47.1m (up 17% from 1Q 2022). Funds from operations (FFO): US$27.2m (up 15% from 1Q 2022). FFO margin: 58% (in line with 1Q 2022). Revenue is expected to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Health Care REITs industry in Europe are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Upcoming Dividend • Apr 12
Upcoming dividend of US$0.19 per share at 6.5% yield Eligible shareholders must have bought the stock before 19 April 2023. Payment date: 28 April 2023. Trailing yield: 6.5%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (6.3%). Upcoming Dividend • Mar 15
Upcoming dividend of US$0.19 per share at 6.6% yield Eligible shareholders must have bought the stock before 22 March 2023. Payment date: 31 March 2023. Trailing yield: 6.6%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (5.3%). Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: US$2.49 (vs US$1.42 in FY 2021) Full year 2022 results: EPS: US$2.49 (up from US$1.42 in FY 2021). Revenue: US$175.2m (up 13% from FY 2021). Net income: US$99.4m (up 80% from FY 2021). Profit margin: 57% (up from 36% in FY 2021). Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 8% per year. Upcoming Dividend • Feb 09
Upcoming dividend of US$0.19 per share at 6.1% yield Eligible shareholders must have bought the stock before 16 February 2023. Payment date: 28 February 2023. Trailing yield: 6.1%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.7%). Announcement • Jan 28
LTC Properties, Inc. to Report Q4, 2022 Results on Feb 16, 2023 LTC Properties, Inc. announced that they will report Q4, 2022 results After-Market on Feb 16, 2023 
