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LTC Properties Inc

Real Estate US LTC


Last update at 2024-07-11T14:48:00Z

Day Range


52 Week Range



  • Previous Close 34.54
  • Market Cap1347.95M
  • Volume63734
  • P/E Ratio17.04
  • Dividend Yield7.01%
  • EBITDA149.28M
  • Revenue TTM189.80M
  • Revenue Per Share TTM4.63
  • Gross Profit TTM 155.80M
  • Diluted EPS TTM1.91

Analyst Recommendations


Income Statement


Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 100.58M 56.22M 95.68M 80.87M 155.08M
Minority interest -0.56000M 0.36M 0.38M 8.48M 0.10M
Net income 100.02M 27.07M 65.91M 47.56M 154.98M
Selling general administrative 23.71M 21.46M 19.71M 18.45M 19.19M
Selling and marketing expenses - - - - -
Gross profit 159.67M 139.93M 144.27M 168.55M 138.45M
Reconciled depreciation 37.50M 38.30M 39.07M 39.22M 37.55M
Ebit 99.08M 80.57M 95.63M 113.10M 114.67M
Ebitda 135.94M 118.87M 124.24M 152.32M 152.23M
Depreciation and amortization 36.86M 38.30M 28.61M 39.22M 37.55M
Non operating income net other - - - - 2.86M
Operating income 99.08M 80.57M 95.63M 113.10M 152.21M
Other operating expenses 78.22M 76.17M 73.84M 74.59M 56.84M
Interest expense 31.44M 27.38M 29.70M 30.58M 30.20M
Tax provision - - - - -
Interest income 1.50M 1.42M 0.33M 2.39M 2.86M
Net interest income -31.43700M -27.37500M -29.70500M -30.58200M -30.19600M
Extraordinary items - - - - -
Non recurring 5.78M 5.45M 4.27M - 0.17M
Other items - - - - -
Income tax expense -0.36400M 29.16M 29.76M 33.32M 33.06M
Total revenue 175.15M 155.32M 159.34M 185.30M 168.65M
Total operating expenses 62.73M 60.78M 58.78M 57.84M 56.84M
Cost of revenue 15.49M 15.39M 15.06M 16.75M 30.20M
Total other income expense net 1.50M -24.34600M 0.05M -32.23000M 73.46M
Discontinued operations - - - - -
Net income from continuing ops 100.58M 54.81M 95.63M 80.87M 155.08M
Net income applicable to common shares 99.44M 55.40M 94.87M 80.14M 154.36M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 1656.10M 1504.83M 1459.49M 1514.21M 1513.62M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 11.10M 4.19M 5.32M 5.12M 3.98M
Total liab 805.80M 759.70M 683.68M 728.78M 680.65M
Total stockholder equity 828.37M 736.71M 767.40M 776.94M 825.49M
Deferred long term liab 4.11M 5.74M 3.79M 4.72M 17.43M
Other current liab 37.94M -586.37700M -525.18400M -564.09300M -497.40900M
Common stock 0.41M 0.39M 0.39M 0.40M 0.40M
Capital stock 0.41M 0.39M 0.39M 0.40M 0.40M
Retained earnings -111.88800M -120.40300M -85.77000M -90.80100M -37.61900M
Other liab - - - - -
Good will - - - - -
Other assets 452.09M 1096.36M 1194.46M 258.81M 260.37M
Cash 10.38M 5.16M 7.77M 4.24M 2.66M
Cash and equivalents 10.38M 5.16M 7.77M 4.24M 2.66M
Total current liabilities 167.94M 36.98M 34.30M 35.40M 35.62M
Current deferred revenue - - - - -
Net debt 757.48M 717.56M 641.61M 689.14M 642.37M
Short term debt 130.00M 623.36M 559.48M 599.49M 533.03M
Short long term debt 130.00M - - - -
Short long term debt total 767.85M 722.72M 649.38M 693.39M 645.03M
Other stockholder equity 931.12M 856.89M 852.78M 867.35M 862.71M
Property plant equipment 1019.22M 1033.95M 1102.36M 1136.82M 1102.75M
Total current assets 624.14M 445.80M 342.00M 380.53M 362.82M
Long term investments 19.34M 363.78M 268.59M 273.10M 1392.85M
Net tangible assets 828.37M 736.71M 767.40M 776.94M 825.49M
Short term investments 19.34M 1033.95M 1102.36M 1136.82M 1106.58M
Net receivables 591.96M 436.45M 328.91M 344.31M 350.24M
Long term debt 767.85M 611.82M 559.48M 599.49M 533.03M
Inventory 13.02M - 0.00000M 61.97M 5.75M
Accounts payable 37.94M 36.98M 34.30M 35.40M 35.62M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 21.94M 8.41M 8.40M 8.48M 7.48M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 8.72M -0.17200M - - -
Additional paid in capital - - - - -
Common stock total equity 0.41M 0.39M 0.39M 0.40M 0.40M
Preferred stock total equity - - - - -
Retained earnings total equity -111.88800M -120.40300M -85.77000M -90.80100M -37.61900M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 4.11M 1039.69M 3.79M 4.72M 17.43M
Deferred long term asset charges - - - - -
Non current assets total 1031.96M 1059.03M 1117.48M 1133.68M 1150.80M
Capital lease obligations - - - - -
Long term debt total 637.85M 611.82M 559.48M 599.49M 533.03M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -119.94900M -107.11500M 8.98M -11.22000M -17.42200M
Change to liabilities 1.49M -0.47100M -0.76700M 0.80M -1.09600M
Total cashflows from investing activities -119.94900M -69.78600M 43.93M -78.98800M -3.60900M
Net borrowings 44.73M 70.48M -44.19500M 48.17M -25.82800M
Total cash from financing activities 19.58M -24.00900M -156.50400M -44.00100M -112.37500M
Change to operating activities 3.19M 2.49M -2.78800M -0.94700M 1.94M
Net income 100.58M 56.22M 95.68M 80.87M 155.08M
Change in cash 5.22M -2.61100M 3.53M -0.52000M -0.44900M
Begin period cash flow 5.16M 7.77M 4.24M 4.76M 5.21M
End period cash flow 10.38M 5.16M 7.77M 4.24M 4.76M
Total cash from operating activities 105.59M 91.18M 116.10M 122.47M 115.53M
Issuance of capital stock 68.16M - 0.00000M 0.00000M 1.00M
Depreciation 37.50M 38.30M 39.07M 39.22M 37.55M
Other cashflows from investing activities 20.80M 43.63M 58.56M -44.40500M 92.75M
Dividends paid -91.50900M -90.49400M -90.26200M -90.89900M 90.37M
Change to inventory - - - - -
Change to account receivables -7.17300M -6.77600M -6.16100M -5.85400M -5.68200M
Sale purchase of stock 67.72M -0.35400M -18.01200M 0.78M 116.32M
Other cashflows from financing activities 265.99M 297.05M -4.07000M 206.56M -0.46500M
Change to netincome -23.17800M 1.17M -10.66200M 9.18M -70.96900M
Capital expenditures 9.10M 6.30M 0.35M 0.61M 1.25M
Change receivables -7.17300M -6.77600M -6.16100M -5.85400M -5.68200M
Cash flows other operating -4.77100M 2.75M -1.48300M -2.13700M -1.81800M
Exchange rate changes - - - - -
Cash and cash equivalents changes 5.22M -2.61100M 3.53M -0.52000M -0.44900M
Change in working capital -3.98700M -4.28500M -8.94900M -6.80100M -3.74200M
Stock based compensation 7.96M 7.76M 7.01M 6.57M 5.87M
Other non cash items -36.47100M 1.05M 22.68M -1.54700M -8.13600M
Free cash flow 105.59M 91.18M 115.75M 121.86M 114.29M

Peer Comparison

Sector: Real Estate Industry: REIT - Healthcare Facilities

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
LTC Properties Inc
0.73 2.10% 35.27 17.04 12.45 7.14 1.64 11.81 14.22
Welltower Inc
-0.3 0.29% 104.25 170.68 72.46 7.75 2.13 9.77 27.67
Ventas Inc
0.49 0.94% 52.60 2524.00 25.51 4.47 1.98 7.44 17.76
Omega Healthcare Investors Inc
0.38 1.12% 34.42 31.33 10.13 9.06 2.05 14.35 15.26
Healthcare Realty Trust Incorporated
0.42 2.50% 17.39 - 10.83 4.82 0.93 8.92 15.95

Reports Covered

Stock Research & News


LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states with 29 operating partners. Based on its gross real estate investments, LTC's investment portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties.

LTC Properties Inc

2829 Townsgate Road, Westlake Village, CA, United States, 91361

Key Executives

Name Title Year Born
Ms. Wendy L. Simpson Chairman & CEO 1949
Ms. Pamela J. Shelley-Kessler CPA, CPA CFO, Co-Pres & Corp. Sec. 1966
Mr. Clint B. Malin Chief Investment Officer & Co-Pres 1972
Ms. Caroline L. Chikhale Exec. VP, Chief Accounting Officer & Treasurer 1977
Ms. Mandi M. Hogan VP of Marketing, Investor Relations & ESG NA
Ms. Leanne Davis Human Resource Mang. NA
Mr. Douglas A. Korey Exec. VP & MD of Bus. Devel. NA
Mr. J. Gibson Satterwhite Sr. VP of Asset Management NA
Ms. H. Rachel Son VP & Controller NA
Mr. Peter G. Lyew VP & Director of Tax 1958

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