MARKETS / NYSE / Real estate / Real estate investment trusts / LTC

NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

LTC Properties Inc. LTC

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$262.9M

▲ 25.3% YoY

Net income

$118.0M

▲ 29.6% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

The company invests primarily in seniors housing and health care properties, through ownership, sale-leasebacks, mortgage financing, joint ventures, construction financing and structured finance solutions including preferred equity, bridge and mezzanine lending. As of December 31, 2025, its total investment portfolio included $2.0 billion in carrying value of net investments. Effective in the second quarter of 2025, it conducts and manages its business as two operating segments: a real estate investments segment, consisting of its Triple-Net Portfolio, financing receivables, mortgage loans, notes receivable and unconsolidated joint ventures, and a SHOP segment. At December 31, 2025, its Triple-Net Portfolio included 98 properties located in 22 states and leased to 18 different operators. At the same date, its SHOP segment was comprised of 25 seniors housing communities located in ten states, managed on its behalf by seven independent operators. As of December 31, 2025, the company employed 25 people. LTC Properties, Inc., a real estate investment trust, was incorporated on May 12, 1992 in the State of Maryland and commenced operations on August 25, 1992.

Written from the business description in LTC PROPERTIES INC's annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth

USD 262.9M

Revenue, FY2025 · full 17-year series below

Revenue $M Net income $M

FY2025 · Revenue 262.9 · Net income 118.0

100M200M

2009201220152018202120242025

Compound annual growth

Revenue

+14.5%

+10.5%

+6.8%

+8.8%

Net income

+5.7%

+4.4%

+6.5%

EPS, diluted

+0.5%

+0.8%

+2.7%

+5.0%

Dividend / share

+0.0%

−39.2%

−21.2%

−13.2%

Returned to shareholders

+5.5%

−0.2%

+3.4%

+4.7%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +10.5% a year over the five years to FY2025 — but profit grew slower: net income at +4.4%, earnings per share at +0.8%.

The share count rose from 0.04B to 0.05B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

47 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 77.9% · Net 47.1%

50%

200920172025

ROE

FY2025 · ROE 11.6%

5%10%15%

200920172025

Three returns, three denominators.

Return on equity11.6%

Return on assets6.4%

Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Gross margin67.9%

Operating margin77.9%

Net margin47.1%

EBITDAUSD 242.6M

Each USD of equity produced 12 cents of profit this year.

Cash & shareholders

USD 107.4M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2022 · FCF 105.5

50M100M-50M-100M

200920172025

Net buybacks $M Dividends $M

FY2025 · Dividends 107.4 · Net buybacks ·

50M100MDividendsNet buybacks

200920112013201520172019202120232025

Dividends paidUSD 107.4M

Net buybacks·

Share of profit91.0%

Consecutive raises·

USD 107.4M in dividends — 91% of the year's profit went back to shareholders.

Total assetsUSD 2.1B

EquityUSD 1.1B

CashUSD 14.4M

Gross debtUSD 842.2M

Net debtUSD 827.8M

Net debt stands at 77% of equity.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative—not applicable◌not available in our data

LTC, 17-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	0.3	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Operating income $B	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.2	0.1	0.1	0.1	0.1	0.1	0.1	◌	◌	◌
EBITDA $B	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.2	0.1	0.1	0.1	0.1	0.1	0.1	◌	◌	◌
Income tax $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	◌	◌	◌	◌	◌
Net income $B	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0
Free cash flow $B	◌	◌	◌	0.1	◌	0.1	0.1	0.1	0.1	0.0	−0.1	0.1	0.1	−0.1	−0.0	−0.0	◌
EPS, diluted $	2.52	2.04	2.16	2.48	1.41	2.42	2.02	3.89	2.20	2.21	1.94	1.99	1.63	1.57	1.36	1.21	1.27
Dividend / sh $	0.19	0.19	0.19	0.19	2.28	2.28	2.28	2.28	2.28	2.19	2.07	2.04	1.91	1.79	1.68	1.58	1.56
Payout %	91	110	106	91	162	95	113	58	103	99	105	101	116	113	115	118	117
ROE %	11.6	9.9	10.5	12.8	7.4	12.3	10.1	19.6	11.7	12.2	11.1	11.4	10.6	11.0	10.7	10.1	9.6
Shares out B	0.05	0.05	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.03	◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Other companies filing in the same sector

BN · CBRE · JLL · WELL · AMT · CWK

Provenance

Company facts, as filed

How we verify · 0 failures in 51 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Three checks were skipped: the balance sheet is not tagged before 2010. Three checks were skipped: cost of revenue is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityReal Estate Investment Trusts

Listed onNYSE

Incorporated inMaryland

Fiscal year endsDecember 31

Data on record since2008

LTC Properties Inc. LTC

What this company does

Growth↗ Share

Profitability↗ Share

Cash & shareholders↗ Share

The 17-year record

Other companies filing in the same sector

Company facts, as filed

Growth

Profitability

Cash & shareholders