LTC Properties Management

Management criteria checks 3/4

LTC Properties' CEO is Wendy Simpson, appointed in Mar 2007, has a tenure of 17.08 years. total yearly compensation is $5.25M, comprised of 16.4% salary and 83.6% bonuses, including company stock and options. directly owns 0.88% of the company’s shares, worth €11.61M. The average tenure of the management team and the board of directors is 13.2 years and 14.8 years respectively.

Key information

Wendy Simpson

Chief executive officer

US$5.2m

Total compensation

CEO salary percentage	16.4%
CEO tenure	17.2yrs
CEO ownership	0.9%
Management average tenure	13.3yrs
Board average tenure	14.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Wendy Simpson's remuneration changed compared to LTC Properties's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$80m
Dec 31 2023	US$5m	US$860k	US$89m
Sep 30 2023	n/a	n/a	US$79m
Jun 30 2023	n/a	n/a	US$70m
Mar 31 2023	n/a	n/a	US$118m
Dec 31 2022	US$5m	US$810k	US$99m
Sep 30 2022	n/a	n/a	US$94m
Jun 30 2022	n/a	n/a	US$92m
Mar 31 2022	n/a	n/a	US$56m
Dec 31 2021	US$4m	US$775k	US$55m
Sep 30 2021	n/a	n/a	US$60m
Jun 30 2021	n/a	n/a	US$61m
Mar 31 2021	n/a	n/a	US$45m
Dec 31 2020	US$4m	US$775k	US$95m
Sep 30 2020	n/a	n/a	US$90m
Jun 30 2020	n/a	n/a	US$105m
Mar 31 2020	n/a	n/a	US$123m
Dec 31 2019	US$4m	US$750k	US$80m
Sep 30 2019	n/a	n/a	US$98m
Jun 30 2019	n/a	n/a	US$106m
Mar 31 2019	n/a	n/a	US$154m
Dec 31 2018	US$3m	US$675k	US$154m
Sep 30 2018	n/a	n/a	US$143m
Jun 30 2018	n/a	n/a	US$129m
Mar 31 2018	n/a	n/a	US$86m
Dec 31 2017	US$4m	US$675k	US$87m

Compensation vs Market: Wendy's total compensation ($USD5.25M) is above average for companies of similar size in the German market ($USD1.62M).

Compensation vs Earnings: Wendy's compensation has been consistent with company performance over the past year.

CEO

Wendy Simpson (74 yo)

17.2yrs

Tenure

US$5,248,068

Compensation

Ms. Wendy L. Simpson has been the Chief Executive Officer of LTC Properties, Inc. since October 2005 and served as its President since 2022 until 2022. She was President at LTC Properties, Inc. since March...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Wendy Simpson	Chairman & CEO	17.2yrs	US$5.25m	0.88% $ 11.8m
Pamela Shelley-Kessler	CFO, Co-President & Corporate Secretary	23.8yrs	US$2.65m	0.38% $ 5.1m
Clint Malin	Chief Investment Officer & Co-President	20yrs	US$2.65m	0.38% $ 5.1m
Caroline Chikhale	Executive VP	17.2yrs	US$1.24m	0.11% $ 1.4m
Mandi Hogan	Senior VP of Marketing	8.3yrs	no data	no data
Leanne Davis	Human Resource Manager	no data	no data	no data
Douglas Korey	Executive VP & MD of Business Development	9.3yrs	no data	no data
J. Satterwhite	Senior Vice President of Asset Management	6.8yrs	no data	no data
H. Son	VP & Controller	3.8yrs	no data	no data

13.3yrs

Average Tenure

54yo

Average Age

Experienced Management: LTP's management team is seasoned and experienced (13.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Wendy Simpson	Chairman & CEO	29.3yrs	US$5.25m	0.88% $ 11.8m
Devra Shapiro	Independent Director	14.8yrs	US$190.00k	0.11% $ 1.5m
Timothy Triche	Independent Director	24yrs	US$190.00k	0.091% $ 1.2m
Boyd Hendrickson	Lead Independent Director	19.3yrs	US$200.00k	0.050% $ 677.7k
James Pieczynski	Independent Director	10.2yrs	US$190.00k	0.077% $ 1.0m
Cornelia Cheng	Independent Director	3.1yrs	US$190.00k	0.025% $ 337.9k
David Gruber	Independent Director	less than a year	US$181.00k	0.021% $ 282.0k

14.8yrs

Average Tenure

75yo

Average Age

Experienced Board: LTP's board of directors are seasoned and experienced ( 14.8 years average tenure).

LTC Properties Management

Management criteria checks 3/4

Key information

Recent management updates

LTC Properties, Inc., Annual General Meeting, May 22, 2024

LTC Properties, Inc., Annual General Meeting, May 22, 2024

Lead Independent Director recently sold €223k worth of stock

CFO, Co-President & Corporate Secretary recently sold €465k worth of stock

LTC Properties, Inc. Names David Gruber to Board of Directors, Esg Committee, Compensation Committee and Investment Committee

LTC Properties, Inc. Names David Gruber to Board of Directors

Recent updates

First quarter 2024 earnings released: EPS: US$0.56 (vs US$0.80 in 1Q 2023)

Dividend of US$0.19 announced

LTC Properties, Inc., Annual General Meeting, May 22, 2024

LTC Properties, Inc., Annual General Meeting, May 22, 2024

LTC Properties, Inc. to Report Q1, 2024 Results on Apr 29, 2024

Dividend of US$0.19 announced

LTC Properties, Inc. acquired Skilled Nursing And Assisted Living Campus in Katy, Texas.

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

Upcoming dividend of US$0.19 per share

Dividend of US$0.19 announced

Full year 2023 earnings released: EPS: US$2.19 (vs US$2.49 in FY 2022)

Upcoming dividend of US$0.19 per share at 7.3% yield

LTC Properties, Inc. to Report Q4, 2023 Results on Feb 15, 2024

Upcoming dividend of US$0.19 per share at 6.9% yield

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

Lead Independent Director recently sold €223k worth of stock

New major risk - Revenue and earnings growth

Upcoming dividend of US$0.19 per share at 6.9% yield

CFO, Co-President & Corporate Secretary recently sold €465k worth of stock

Upcoming dividend of US$0.19 per share at 7.1% yield

Third quarter 2023 earnings released: EPS: US$0.54 (vs US$0.33 in 3Q 2022)

Upcoming dividend of US$0.19 per share at 7.0% yield

LTC Properties, Inc. to Report Q3, 2023 Results on Oct 26, 2023

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

Upcoming dividend of US$0.19 per share at 7.1% yield

Upcoming dividend of US$0.19 per share at 6.9% yield

New minor risk - Profit margin trend

LTC Properties, Inc. Names David Gruber to Board of Directors, Esg Committee, Compensation Committee and Investment Committee

Second quarter 2023 earnings released: EPS: US$0.15 (vs US$1.37 in 2Q 2022)

LTC Properties, Inc. Names David Gruber to Board of Directors

Upcoming dividend of US$0.19 per share at 6.7% yield

LTC Properties, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Independent Director recently sold €182k worth of stock

Upcoming dividend of US$0.19 per share at 6.8% yield

Upcoming dividend of US$0.19 per share at 6.8% yield

First quarter 2023 earnings released: FFO per share: US$0.7 (vs US$0.60 in 1Q 2022)

Upcoming dividend of US$0.19 per share at 6.5% yield

Upcoming dividend of US$0.19 per share at 6.6% yield

Full year 2022 earnings released: EPS: US$2.49 (vs US$1.42 in FY 2021)

Upcoming dividend of US$0.19 per share at 6.1% yield

LTC Properties, Inc. to Report Q4, 2022 Results on Feb 16, 2023

Upcoming dividend of US$0.19 per share

Ltc Properties, Inc. Declares Monthly Cash Dividend for the Months of January, February and March 2023, Payable on January 31, February 28 and March 31, 2023 Respectively

Upcoming dividend of US$0.19 per share

Executive VP recently sold €374k worth of stock

Upcoming dividend of US$0.19 per share

Third quarter 2022 earnings released: EPS: US$0.33 (vs US$0.28 in 3Q 2021)

LTC Properties, Inc. Announces Unaudited Impairment Charges for the Quarter Ended September 30, 2022

Upcoming dividend of US$0.19 per share

LTC Properties, Inc. to Report Q3, 2022 Results on Oct 27, 2022

LTC Properties, Inc. Declares Monthly Cash Dividend on Its Common Stock for the Fourth Quarter of 2022 for the Months of October, November and December 2022, payable on October 31, November 30 and December 30, 2022, Respectively

Upcoming dividend of US$0.19 per share

PruittHealth Corporation, Inc. and LTC Properties, Inc. (NYSE:LTC) acquired three skilled nursing centers in northern Florida.

Upcoming dividend of US$0.19 per share

Second quarter 2022 earnings released: FFO: US$42.1m per share (vs US$0.57 in 2Q 2021)

Upcoming dividend of US$0.19 per share

LTC Properties, Inc. to Report Q2, 2022 Results on Jul 28, 2022

LTC Properties, Inc. Declares Monthly Cash Dividend on Its Common Stock for the Third Quarter of 2022 for the Months of July, August and September 2022, Payable on July 29, August 31 and September 30, 2022, Respectively

Upcoming dividend of US$0.19 per share

Upcoming dividend of US$0.19 per share

First quarter 2022 earnings released: FFO: US$40.8m per share (vs US$0.62 in 1Q 2021)

LTC Properties, Inc., Annual General Meeting, May 25, 2022

Upcoming dividend of US$0.19 per share

LTC Properties, Inc. to Report Q1, 2022 Results on Apr 29, 2022

LTC Properties, Inc. (NYSE:LTC) acquired Four LuxeRehab Centers in Texas for approximately $52 million.

LTC Properties Declares Its Monthly Common Stock Cash Dividend for the Second Quarter Of 2022

Upcoming dividend of US$0.19 per share

An unknown buyer agreed to acquire 74-unit assisted living community in Virginia from LTC Properties, Inc. (NYSE:LTC) for $16.9 million.

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat