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Stocks · Real estate · Real Estate Investment Trusts

LTC PROPERTIES INC

LTC Clue Score65
United States Fiscal year ends December CIK 0000887905
$42.46 +0.98% Close, 9 Oct 2026
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Price $42.46 +29.10% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue161.6Operating income84.0Net income85.1EPS, diluted2.21Fiscal year 2017Revenue168.1 +4.0%Operating income85.1Net income87.3 +2.6%EPS, diluted2.20 −0.5%Fiscal year 2018Revenue168.6 +0.3%Operating income152.2Net income155.0 +77.4%EPS, diluted3.89 +76.8%Fiscal year 2019Revenue185.3 +9.9%Operating income81.9Net income80.9 −47.8%EPS, diluted2.02 −48.1%Fiscal year 2020Revenue159.3 −14.0%Operating income95.6Net income95.3 +17.8%EPS, diluted2.42 +19.8%Fiscal year 2021Revenue155.3 −2.5%Operating income54.8Net income55.9 −41.4%EPS, diluted1.41 −41.7%Fiscal year 2022Revenue175.2 +12.8%Operating income99.1Net income100.0 +79.1%EPS, diluted2.48 +75.9%Fiscal year 2023Revenue197.2 +12.6%Operating income185.5Net income89.7 −10.3%EPS, diluted2.16 −12.9%Fiscal year 2024Revenue209.8 +6.4%Operating income199.4Net income91.0 +1.5%EPS, diluted2.04 −5.6%Fiscal year 2025Revenue262.9 +25.3%Operating income204.7Net income118.0 +29.6%EPS, diluted2.52 +23.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 161.6 168.1 168.6 185.3 159.3 155.3 175.2 197.2 209.8 262.9
Growth +4.0% +0.3% +9.9% −14.0% −2.5% +12.8% +12.6% +6.4% +25.3%
Operating income 84.0 85.1 152.2 81.9 95.6 54.8 99.1 185.5 199.4 204.7
Net income 85.1 87.3 155.0 80.9 95.3 55.9 100.0 89.7 91.0 118.0
Growth +2.6% +77.4% −47.8% +17.8% −41.4% +79.1% −10.3% +1.5% +29.6%
EPS, diluted 2.21 2.20 3.89 2.02 2.42 1.41 2.48 2.16 2.04 2.52
Growth −0.5% +76.8% −48.1% +19.8% −41.7% +75.9% −12.9% −5.6% +23.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin52.0%Net margin52.7%Fiscal year 2017Operating margin50.6%Net margin52.0%Fiscal year 2018Operating margin90.3%Net margin91.9%Fiscal year 2019Operating margin44.2%Net margin43.6%Fiscal year 2020Operating margin60.0%Net margin59.8%Fiscal year 2021Operating margin35.3%Net margin36.0%Fiscal year 2022Operating margin56.6%Net margin57.1%Fiscal year 2023Operating margin94.0%Net margin45.5%Fiscal year 2024Operating margin95.0%Net margin43.4%Fiscal year 2025Operating margin77.9%Net margin44.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 52.0% 50.6% 90.3% 44.2% 60.0% 35.3% 56.6% 94.0% 95.0% 77.9%
Net margin 52.7% 52.0% 91.9% 43.6% 59.8% 36.0% 57.1% 45.5% 43.4% 44.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow105.7Dividends paid−84.6Fiscal year 2017Operating cash flow105.3Dividends paid−90.2Fiscal year 2018Operating cash flow115.5Dividends paid−90.4Fiscal year 2019Operating cash flow122.5Dividends paid−90.9Fiscal year 2020Operating cash flow116.1Buybacks−18.0Dividends paid−90.3Fiscal year 2021Operating cash flow91.2Dividends paid−90.5Fiscal year 2022Operating cash flow105.6Dividends paid−91.5Fiscal year 2023Operating cash flow104.5Dividends paid−94.8Fiscal year 2024Operating cash flow125.9Dividends paid−100.5Fiscal year 2025Operating cash flow136.0Dividends paid−107.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 105.7 105.3 115.5 122.5 116.1 91.2 105.6 104.5 125.9 136.0
Buybacks n/a n/a n/a n/a −18.0 n/a n/a n/a n/a n/a
Dividends paid −84.6 −90.2 −90.4 −90.9 −90.3 −90.5 −91.5 −94.8 −100.5 −107.4

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash8.0Total debt609.4Net cash (debt)−601.4Shareholders’ equity740.0Debt to equity0.82Fiscal year 2017Cash5.2Total debt667.5Net cash (debt)−662.3Shareholders’ equity755.2Debt to equity0.88Fiscal year 2018Cash2.7Total debt645.0Net cash (debt)−642.4Shareholders’ equity825.5Debt to equity0.78Fiscal year 2019Cash4.2Total debt693.4Net cash (debt)−689.1Shareholders’ equity776.9Debt to equity0.89Fiscal year 2020Cash7.8Total debt649.4Net cash (debt)−641.6Shareholders’ equity767.4Debt to equity0.85Fiscal year 2021Cash5.2Total debt722.7Net cash (debt)−717.6Shareholders’ equity736.7Debt to equity0.98Fiscal year 2022Cash10.4Total debt767.9Net cash (debt)−757.5Shareholders’ equity828.4Debt to equity0.93Fiscal year 2023Cash20.3Total debt891.3Net cash (debt)−871.0Shareholders’ equity881.3Debt to equity1.01Fiscal year 2024Cash9.4Total debt684.6Net cash (debt)−675.2Shareholders’ equity960.6Debt to equity0.71Fiscal year 2025Cash14.4Total debt842.2Net cash (debt)−827.8Shareholders’ equity1,075.0Debt to equity0.78
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 8.0 5.2 2.7 4.2 7.8 5.2 10.4 20.3 9.4 14.4
Total debt 609.4 667.5 645.0 693.4 649.4 722.7 767.9 891.3 684.6 842.2
Net cash (debt) −601.4 −662.3 −642.4 −689.1 −641.6 −717.6 −757.5 −871.0 −675.2 −827.8
Shareholders’ equity 740.0 755.2 825.5 776.9 767.4 736.7 828.4 881.3 960.6 1,075.0
Debt to equity 0.82 0.88 0.78 0.89 0.85 0.98 0.93 1.01 0.71 0.78

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
161.6 168.1 168.6 185.3 159.3 155.3 175.2 197.2 209.8 262.9
Growth +4.0% +0.3% +9.9% −14.0% −2.5% +12.8% +12.6% +6.4% +25.3%
17.4 17.5 19.2 18.5 19.7 21.5 23.7 24.3 27.2 31.1
84.0 85.1 152.2 81.9 95.6 54.8 99.1 185.5 199.4 204.7
Growth +1.3% +78.9% −46.2% +16.8% −42.7% +80.8% +87.2% +7.5% +2.7%
n/a n/a n/a n/a n/a n/a n/a 52.7 84.5 39.5
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2
85.1 87.3 155.0 80.9 95.3 55.9 100.0 89.7 91.0 118.0
Growth +2.6% +77.4% −47.8% +17.8% −41.4% +79.1% −10.3% +1.5% +29.6%
Per share
2.21 2.21 3.91 2.03 2.42 1.41 2.49 2.16 2.07 2.54
2.21 2.20 3.89 2.02 2.42 1.41 2.48 2.16 2.04 2.52
Growth −0.5% +76.8% −48.1% +19.8% −41.7% +75.9% −12.9% −5.6% +23.5%
38.4 39.4 39.5 39.6 39.2 39.2 39.9 41.3 43.7 46.2
38.6 39.6 39.8 39.8 39.3 39.2 40.1 41.4 44.2 46.6
Growth +2.7% +0.5% −0.2% −1.2% −0.3% +2.3% +3.2% +7.0% +5.2%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 10.5% a year over five years, and earnings per share grew 0.8% a year.
  • The diluted share count rose 18.6% in five years, which is dilution.
  • Operating margin is up 17.9 points on five years ago, at 77.9%.
  • Profitable in every one of the 10 years on file.