7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-09-30 2013-06-30 2013-03-31 2012-09-30 2012-06-30 2012-03-31 2011-09-30 2011-06-30 2011-03-31 2010-09-30 2010-06-30 2010-03-31 2009-09-30 2009-06-30 
      
    		                                                             
      revenues:
    		                                                             
      rental income
    		27,842,000 30,177,000 31,444,000 34,814,000 32,258,000 31,657,000 33,549,000 32,489,000 31,589,000 31,537,000 31,735,000 34,707,000 31,585,000 31,628,000 30,324,000 30,028,000 29,320,000 29,804,000 31,973,000 37,774,000 30,010,000 20,275,000 38,035,000 38,189,000 38,665,000 38,277,000 28,024,000 32,759,000 34,211,000 33,930,000 34,505,000 34,124,000 33,233,000 35,265,000 35,035,000 34,822,000 33,753,000 33,072,000 31,880,000 30,755,000 28,531,000 27,116,000 26,678,000 26,474,000 25,098,000 25,025,000 25,252,000 24,645,000 24,539,000 24,511,000 22,295,000 21,175,000 20,872,000 19,620,000 19,337,000 18,182,000 16,384,000 16,050,000 15,610,000 14,961,000 14,951,000 
      resident fees and services
    		22,203,000 11,950,000                                                            
      interest income from financing receivables
    		7,096,000 7,084,000 7,002,000 7,002,000 7,001,000 3,830,000 3,830,000 3,830,000 3,832,000 3,830,000 3,751,000                                                   
      interest income from mortgage loans
    		9,856,000 9,680,000 9,179,000 9,374,000 10,733,000 12,661,000 12,448,000 12,308,000 12,247,000 11,926,000 11,244,000 10,488,000 10,379,000 10,097,000 9,636,000 9,032,000 7,924,000 7,933,000 7,922,000 7,909,000 7,890,000 7,820,000 7,777,000 7,683,000 7,646,000 7,351,000 7,311,000 7,290,000 7,087,000 7,007,000 6,816,000 6,719,000 6,677,000 6,625,000 6,748,000 6,974,000 6,958,000 6,811,000 6,578,000 6,342,000 6,117,000 5,053,000 4,607,000 4,108,000 4,213,000 4,139,000 4,093,000 1,086,000 1,050,000 1,059,000 1,398,000 1,431,000 1,532,000 1,582,000 1,613,000 1,656,000 1,868,000 1,836,000 1,979,000 2,061,000 2,106,000 
      interest and other income
    		2,293,000 1,349,000 1,406,000 1,392,000 5,791,000 1,968,000 1,539,000 1,568,000 1,635,000 953,000 2,770,000 1,239,000 1,182,000 1,299,000 827,000 381,000 228,000 392,000 385,000 590,000 273,000 386,000 598,000 591,000 808,000 638,000 521,000 3,538,000 478,000 535,000 489,000 886,000 1,336,000 578,000 839,000 345,000 131,000 113,000 146,000 296,000 295,000 218,000 195,000 173,000 230,000 63,000 93,000 94,000 92,000 93,000 96,000 484,000 236,000 227,000 230,000 416,000 265,000 301,000 276,000 306,000 328,000 
      total revenues
    		69,290,000 60,240,000 49,031,000 52,582,000 55,783,000 50,116,000 51,366,000 50,195,000 49,303,000 48,246,000 49,500,000 47,839,000 43,503,000 43,024,000 40,787,000 39,441,000 37,472,000 38,129,000 40,280,000 46,273,000 38,173,000 28,481,000 46,410,000 46,463,000 47,119,000 46,266,000 35,856,000 43,587,000 41,776,000 41,472,000 41,810,000 41,729,000 41,246,000 42,468,000 42,622,000 42,141,000 40,842,000 39,996,000 38,604,000 37,393,000 34,943,000 32,387,000 31,480,000 30,755,000 29,541,000 29,227,000 29,438,000 25,825,000 25,681,000 25,663,000 23,789,000 23,090,000 22,640,000 21,429,000 21,180,000 20,254,000 18,517,000 18,187,000 17,865,000 17,328,000 17,385,000 
      expenses:
    		                                                             
      interest expense
    		8,791,000 8,014,000 7,913,000 8,365,000 10,023,000 10,903,000 11,045,000 12,419,000 12,674,000 11,312,000 10,609,000 8,830,000 7,941,000 7,523,000 7,143,000 6,933,000 6,610,000 6,860,000 6,972,000 7,088,000 7,361,000 7,546,000 7,710,000 7,578,000 7,827,000 7,710,000 7,467,000 7,215,000 7,497,000 7,655,000 7,829,000 7,683,000 7,644,000 7,151,000 7,471,000 6,856,000 6,836,000 6,750,000 6,000,000 5,581,000 4,296,000 3,854,000 3,766,000 3,683,000 3,170,000 3,088,000 3,187,000 2,581,000 2,798,000 3,133,000 2,988,000 2,004,000 2,033,000 1,794,000 1,543,000 1,104,000 852,000 419,000 401,000 340,000 814,000 
      depreciation and amortization
    		8,987,000 8,776,000 9,162,000 9,194,000 9,054,000 9,024,000 9,095,000 9,331,000 9,499,000 9,376,000 9,210,000 9,294,000 9,385,000 9,379,000 9,438,000 9,449,000 9,462,000 9,508,000 9,877,000 9,839,000 9,766,000 9,797,000 9,669,000 9,817,000 9,932,000 9,860,000 9,607,000 9,396,000 9,447,000 9,268,000 9,444,000 9,424,000 9,519,000 9,308,000 9,359,000 9,309,000 9,155,000 8,907,000 8,561,000 8,310,000 7,365,000 6,977,000 6,779,000 6,594,000 6,335,000 6,302,000 6,298,000 6,139,000 6,124,000 6,136,000 5,925,000 5,369,000 5,167,000 4,974,000 4,943,000 4,521,000 4,073,000 4,014,000 3,860,000 3,694,000 3,694,000 
      seniors housing operating expenses
    		17,362,000 9,419,000                                                            
      write-off of effective interest receivable
    		41,455,000                                                             
      benefit from credit losses
    		203,000 387,000 3,052,000 -201,000 215,000 703,000 24,000 3,571,000 189,000 187,000 1,731,000 363,500 795,000                                                 
      transaction costs
    		587,000 6,706,000 441,000 140,000 33,000 380,000 266,000 607,000 329,000 91,000 117,000 100,000 629,000 67,000 32,000 162,000 4,046,000 133,000 92,000 102,000 63,000 64,000 70,000 90,000 75,000 200,000  65,000 9,000 6,000 4,000  34,000  22,000 83,000 2,000 4,000                        
      triple-net lease property tax expense
    		2,581,000                                                             
      general and administrative expenses
    		7,523,000 8,447,000 6,971,000 7,227,000 6,765,000 6,760,000 6,491,000 5,942,000 5,959,000 6,091,000 6,294,000 6,299,000 5,888,000 5,711,000 5,808,000 5,772,000 5,318,000 5,337,000 5,033,000 5,216,000 4,814,000 4,580,000 5,100,000 4,541,000 4,745,000 4,596,000 4,571,000 4,801,000 4,879,000 4,716,000 4,797,000 4,243,000 4,144,000 4,386,000 4,740,000 4,548,000 4,464,000 4,117,000 4,457,000 3,954,000 3,739,000 3,952,000 3,499,000 3,265,000 2,914,000 2,704,000 2,949,000 2,676,000 2,869,000 3,418,000            
      total expenses
    		87,489,000 44,544,000 30,646,000 34,792,000 29,276,000 31,017,000 30,304,000 38,653,000 31,921,000 42,320,000 31,688,000 30,039,000 30,103,000 27,004,000 26,757,000 26,957,000 29,436,000 25,638,000 25,946,000 28,659,000 26,294,000 26,098,000 26,773,000 26,228,000 26,835,000 26,360,000 16,514,000 21,488,000 21,938,000 21,607,000 22,082,000 21,283,000 21,245,000 22,720,000 21,554,000 21,774,000 20,500,000 19,896,000 19,018,000 20,301,000 15,970,000 15,212,000 14,044,000 13,574,000 12,419,000 12,094,000 12,434,000 11,396,000 11,791,000 12,687,000 11,285,000 9,947,000 9,693,000 8,976,000 8,844,000 8,064,000 7,056,000 6,557,000 7,295,000 6,002,000 6,645,000 
      ​
    		                                                             
      income before unconsolidated joint ventures, real estate dispositions and other items
    		-18,199,000 15,696,000                                                            
      gain on sale of real estate
    		-738,000 332,000 171,000 1,097,000 3,663,000 -32,000 3,251,000 16,751,000 4,870,000 302,000 15,373,000 21,000 -387,000 38,094,000 102,000 70,000 2,702,000 5,463,000 -773,000 44,000 30,000 189,000 43,854,000 -4,630,000 6,236,000 500,000  7,984,000 14,353,000 48,345,000  -1,240,000  5,054,000   1,780,000 1,802,000      3,819,000  1,140,000                
      income from unconsolidated joint ventures
    		439,000 439,000 3,665,000 703,000 692,000 671,000 376,000 377,000 375,000 376,000 376,000 377,000 376,000 376,000 375,000 376,000 376,000 376,000 289,000 145,000 56,000  231,000 415,000 760,000 128,000 1,085,000 761,000 746,000 726,000 631,000 628,000 615,000 575,000 445,000 299,000 289,000 278,000 272,000 276,000 674,000 753,000                    
      income tax benefit
    		-42,000 81,000                                                            
      net income
    		-18,540,000 16,548,000 22,221,000 19,590,000 30,862,000 19,738,000 24,689,000 28,670,000 22,627,000 6,604,000 33,561,000 18,198,000 13,389,000 54,490,000 14,507,000 12,930,000 11,114,000 18,330,000 13,850,000 17,665,000 12,338,000 1,952,000 63,722,000 12,631,000 27,280,000 20,534,000 20,427,000 30,844,000 34,937,000 68,936,000 20,359,000 19,834,000 20,616,000 25,377,000 21,513,000 20,666,000 22,411,000 22,180,000 19,858,000 17,954,000 19,647,000 17,928,000 17,552,000 21,000,000 17,122,000 18,273,000 17,004,000 17,286,000 12,903,000 12,976,000 12,504,000 13,113,000 12,932,000 12,423,000 12,262,000 12,154,000 11,562,000 11,630,000 10,570,000 11,326,000 10,740,000 
      yoy
    		-160.07% -16.16% -10.00% -31.67% 36.39% 198.88% -26.44% 57.54% 69.00% -87.88% 131.34% 40.74% 20.47% 197.27% 4.74% -26.80% -9.92% 839.04% -78.26% 39.85% -54.77% -90.49% 211.95% -59.05% -21.92% -70.21% 0.33% 55.51% 69.47% 171.65% -5.36% -4.03% -8.01% 14.41% 8.33% 15.11% 14.07% 23.72% 13.14% -14.50% 14.75% -1.89% 3.22% 21.49% 32.70% 40.82% 35.99% 31.82% -0.22% 4.45% 1.97% 7.89% 11.85% 6.82% 16.01% 7.31% 7.65%     
      qoq
    		-212.04% -25.53% 13.43% -36.52% 56.36% -20.05% -13.89% 26.71% 242.63% -80.32% 84.42% 35.92% -75.43% 275.61% 12.20% 16.34% -39.37% 32.35% -21.60% 43.18% 532.07% -96.94% 404.49% -53.70% 32.85% 0.52% -33.77% -11.72% -49.32% 238.60% 2.65% -3.79% -18.76% 17.96% 4.10% -7.79% 1.04% 11.69% 10.60% -8.62% 9.59% 2.14% -16.42% 22.65% -6.30% 7.46% -1.63% 33.97% -0.56% 3.77% -4.64% 1.40% 4.10% 1.31% 0.89% 5.12% -0.58% 10.03% -6.67% 5.46%  
      net income margin %
    		                                                             
      income allocated to non-controlling interests
    		-1,455,000 -1,456,000 -1,541,000 -1,507,000 -1,496,000 -377,000 -459,000 -440,000 -430,000 -430,000 -427,000 -259,000 -99,000 -107,000 -95,000 -92,000 -92,000 -91,000 -88,000 -92,000 -121,000 -82,000 -89,000 -89,000 -88,000 -88,000 -81,000 -78,000 -17,000                             -48,000    
      net income attributable to ltc properties, inc.
    		-19,995,000 15,092,000 20,680,000 18,083,000 29,366,000 19,361,000 24,230,000 28,230,000 22,197,000 6,174,000 33,134,000 17,939,000 13,290,000 54,383,000 14,412,000 12,838,000 11,022,000 18,239,000 13,762,000 17,573,000 12,217,000 1,870,000 63,633,000 12,542,000 27,192,000 20,446,000 20,346,000 30,766,000 34,920,000                   17,286,000 12,903,000 12,976,000 12,495,000 13,103,000 12,921,000 12,375,000 12,214,000 12,106,000 11,514,000 11,582,000 10,522,000 11,250,000 10,664,000 
      income allocated to participating securities
    		-154,000 -154,000 -163,000 -171,000 -201,000 -173,000 -165,000 -147,000 -147,000 -146,000 -205,000 -99,000 -131,000 -318,000 -137,000 -112,000 -113,000 -113,000 -120,000 -83,000 -103,000 -97,000 -263,000 -93,000 -112,000 -94,000 -92,000 -121,000 -138,000 -278,000 -88,000 -81,000 -80,000 -104,000 -97,000 -89,000 -90,000 -105,000 -101,000 -114,000 -121,000 -126,000 -123,000 -138,000 -123,000 -117,000 -103,000 -95,000 -91,000 -98,000        -58,000    
      net income available to common stockholders
    		-20,149,000 14,938,000 20,517,000 17,912,000 29,165,000 19,188,000 24,065,000 28,083,000 22,050,000 6,028,000 32,929,000 17,840,000 13,159,000 54,065,000 14,275,000 12,726,000 10,909,000 18,126,000 13,642,000 17,490,000 12,114,000 1,773,000 63,370,000 12,449,000 27,080,000 20,352,000 20,254,000 30,645,000 34,782,000 68,658,000 20,271,000 19,753,000 20,536,000 25,273,000 21,416,000 20,577,000 22,321,000 22,075,000 19,757,000 17,840,000 18,708,000 16,984,000 16,611,000 20,043,000 16,181,000 17,338,000 16,083,000 16,373,000 11,994,000 12,060,000 11,583,000 12,194,000 12,009,000 11,472,000 11,311,000 5,393,000 5,571,000 7,739,000 6,694,000 7,431,000  
      earnings per common share:
    		                                                             
      basic
    		-440 330 450 400 660 440 560 680 540 150 800 430 330 1,370  320 280 460 350 450 310 50 1,600 320 680 510 510 780 880 1,740 510 500 520 640 540 530 570 580 530 370 530 480 470    470               
      diluted
    		-440 320 450 390 660 440 560 680 540 150 800 440 320 1,360  320 280 460 350 450 310 50 1,600 330 680 510 510 770 880 1,730 510 500 520 640 540 530 570 580 530 367.5 520 480 470    460               
      weighted-average shares used for eps calculation
    		                                                             
      basic
    		46,123,000 45,714,000 45,333,000 43,743,000 43,868,000 43,171,000 42,891,000 41,272,000 41,153,000 41,145,000 41,082,000 39,894,000 40,270,000 39,492,000 39,199,000 39,156,000 39,177,000 39,169,000 39,100,000 39,179,000 39,061,000 39,055,000 39,539,000 39,571,000 39,586,000 39,577,000 39,532,000 39,477,000 39,487,000 39,471,000 39,451,000 39,409,000 39,428,000 39,414,000 39,366,000 38,388,000 39,057,000 37,969,000 37,446,000 35,590,000 35,341,000 35,299,000 35,277,000 34,617,000 34,605,000 34,597,000 34,586,000 34,553,000 32,913,000 30,365,000 30,253,000 30,213,000 30,189,000 30,137,000 30,135,000 26,310,000 24,930,000 23,643,000 23,283,000 23,108,000 23,081,000 
      diluted
    		46,123,000 46,028,000 45,683,000 44,241,000 44,394,000 43,463,000 43,032,000 41,358,000 41,211,000 41,232,000 41,189,000 40,067,000 40,552,000 39,665,000 39,349,000 39,156,000 39,177,000 39,170,000 39,179,000 39,264,000 39,112,000 39,137,000 39,541,000 39,759,000 39,965,000 39,769,000 39,874,000 39,839,000 39,865,000 39,765,000 39,454,000 39,637,000 39,748,000 39,794,000 39,612,000 38,597,000 39,335,000 38,164,000 37,459,000 37,329,000 37,352,000 37,311,000 37,292,000 36,640,000 36,629,000 36,621,000 36,611,000 36,580,000 32,946,000 30,399,000 30,293,000 30,258,000 30,234,000 30,156,000 30,168,000 26,340,000 24,945,000 23,743,000 23,384,000 23,193,000 23,163,000 
      dividends declared and paid per common share
    		570 570 570 427.5 570 570 570 427.5 570 570 570 427.5 570 570 570 427.5 570 570 570 427.5 570 570 570 427.5 570 570 570 427.5 570 570 570 427.5 570 570 570 405 540 540 540 382.5 510 510 510 382.5 510 510 510 465              
      property tax expense
    		 2,795,000 3,107,000 3,114,000 3,186,000 3,247,000 3,383,000 3,518,000 3,271,000 3,187,000 3,293,000 3,306,000 4,179,000 4,019,000 3,982,000 3,679,000 3,932,000 3,800,000 3,981,000 3,380,000 3,351,000 4,111,000 4,223,000 4,189,000 4,270,000 3,910,000 4,386,000                                   
      other operating income:
    		                                                             
      operating income
    		  18,556,000 18,887,000 30,170,000 19,067,000 24,313,000 28,293,000 22,252,000 6,228,000 33,185,000 17,821,000 13,013,000 54,114,000 14,132,000 12,554,000 10,738,000 17,954,000 13,561,000 17,658,000 11,909,000 2,572,000 63,491,000 15,605,000 26,520,000 20,406,000 19,342,000 92,781,000 19,838,000 19,865,000 19,728,000 20,446,000 20,001,000 19,748,000 21,068,000 20,367,000 20,342,000 20,100,000 19,586,000 17,092,000 18,973,000 17,175,000 17,436,000 17,181,000 17,122,000 17,133,000                
      yoy
    		  -23.68% -33.24% 35.58% 206.15% -26.73% 58.76% 71.00% -88.49% 134.82% 41.95% 21.19% 201.40% 4.21% -28.90% -9.83% 598.06% -78.64% 13.16% -55.09% -87.40% 228.25% -83.18% 33.68% 2.72% -1.96% 353.79% -0.81% 0.59% -6.36% 0.39% -1.68% -1.75% 7.57% 19.16% 7.22% 17.03% 12.33% -0.52% 10.81% 0.25%                    
      qoq
    		  -1.75% -37.40% 58.23% -21.58% -14.07% 27.15% 257.29% -81.23% 86.21% 36.95% -75.95% 282.92% 12.57% 16.91% -40.19% 32.39% -23.20% 48.27% 363.02% -95.95% 306.86% -41.16% 29.96% 5.50% -79.15% 367.69% -0.14% 0.69% -3.51% 2.22% 1.28% -6.27% 3.44% 0.12% 1.20% 2.62% 14.59% -9.91% 10.47% -1.50% 1.48% 0.34% -0.06%                 
      operating margin %
    		                                                             
      impairment loss
    		       3,265,000  12,076,000 434,000                                                   
      interest income from financing receivable
    		           1,405,000 357,000                                                 
      impairment charges
    		           321,500 1,286,000       3,036,000 941,000                                         
      provision (recovery) for credit losses
    		             305,000 354,000 962,000 68,000                                             
      gain from property insurance proceeds
    		                    373,000                                         
      loss on unconsolidated joint ventures
    		                   -138,000  -620,000                                        
      comprehensive income:
    		                                                             
      comprehensive income
    		               10,823,500 11,114,000 18,330,000 13,850,000 17,665,000 12,338,000 1,952,000 63,722,000 12,631,000 27,280,000 20,534,000 20,427,000 30,844,000 34,937,000 68,936,000 20,359,000                               
      (recovery) benefit from credit losses
    		                  -9,000                                           
      (recovery) benefit from doubtful accounts
    		                   -2,000 -2,000   38,250 -14,000       -67,000 -96,000  -38,000                           
      benefit from doubtful accounts
    		                      1,000    83,000         212,000 43,000 118,000  156,000 31,000 429,000                    
      provision (recovery) for doubtful accounts
    		                         84,000  11,000 106,000  8,000                               
      recovery of written-off straight-line rent receivable
    		                          -9,600,000                                   
      recovery for doubtful accounts
    		                             -38,000                                
      impairment on receivables
    		                               470,000  1,880,000                            
      income allocated to preferred stockholders
    		                                        -818,000 -818,000 -818,000 -819,000 -818,000 -818,000 -818,000 -818,000 -818,000 -818,000        -3,785,000    
      acquisition costs
    		                                       50,000 539,000          205,000 141,000 41,000 60,000 35,000       
      income from unconsolidated joint venture
    		                                          116,000                   
      income from continuing operations
    		                                           21,000,000 17,122,000 18,273,000  14,429,000 13,890,000 12,976,000 12,504,000 13,143,000 12,947,000 12,453,000 12,336,000 12,190,000 11,461,000   11,326,000 10,740,000 
      discontinued operations:
    		                                                             
      income from discontinued operations
    		                                                        101,000     
      net income from discontinued operations
    		                                               238,000 27,000        101,000     
      basic earnings per common share
    		                                                         330 290   
      continuing operations
    		                                           580 470 500  390 390 400 380 400 400 380 380 210 220   320 300 
      discontinued operations
    		                                            0 0  80 -30 0 0 0 0 0      0 0 
      diluted earnings per common share
    		                                                         330 290   
      loss on sale of real estate
    		                                                             
      earnings per common share
    		                                                             
      basic
    		-440 330 450 400 660 440 560 680 540 150 800 430 330 1,370  320 280 460 350 450 310 50 1,600 320 680 510 510 780 880 1,740 510 500 520 640 540 530 570 580 530 370 530 480 470    470               
      diluted
    		-440 320 450 390 660 440 560 680 540 150 800 440 320 1,360  320 280 460 350 450 310 50 1,600 330 680 510 510 770 880 1,730 510 500 520 640 540 530 570 580 530 367.5 520 480 470    460               
      gain on real estate assets
    		                                               2,619,000 -1,014,000             
      gain on sale of assets
    		                                                    16,000         
      operating and other incomes
    		                                                  2,167,000 2,433,000 2,452,000 2,149,000 2,327,000 2,449,000 1,914,000 1,930,000 1,973,000 1,766,000 1,918,000 
      net gain from discontinued operations
    		                                                             
      discontinued operation
    		                                                      0 0 0     
      (recovery) provisions for doubtful accounts
    		                                                             
      provisions for doubtful accounts
    		                                                        217,000 194,000 1,061,000 202,000 219,000 
      net income allocable to common stockholders
    		                                                        220   320 6,843,000 
      net income allocable to common stockholders:
    		                                                             
      basic earnings per common share:
    		                                                             
      diluted earnings per common share:
    		                                                             
      income allocated to noncontrolling interests
    		                                                             
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.