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Companies / Real Estate / LTC Properties, Inc.
LTC

LTC Properties, Inc.

Ticker LTCWESTLAKE VILLAGE, CAFiscal year ends DecemberBook value per share $31.53Diluted shares 51.9M

LTC Properties, Inc. (NYSE: LTC) is a real estate investment trust focused on seniors housing and health care properties. It invests through property ownership and leases, mortgage and other loans, financing receivables, joint ventures, and, since 2025, an operating structure in which independent third-party managers… From the company’s description.

Over the twelve months to Sep 30, 2026, LTC Properties, Inc. reported revenue of $393.81M, up 70.4% from a year earlier, and net income of $508.75M. Its operating margin was 24.8%, and operations generated $144.36M in cash. In fiscal 2025, it reported revenue of $262.85M, up 25.3% from fiscal 2024, and net income of $123.88M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$262.85MFY2025
+25.3% year over year
Last 12 mo $393.81M
30.79%FY2025
−13.3 percentage points
Last 12 mo 24.75%
$123.88MFY2025
+30.6% year over year
Last 12 mo $508.75M
10.97%FY2025
+0.8 percentage points
Last 12 mo 30.80%
Cash & financing
$135.98MFY2025
+8.6% year over year
Last 12 mo $144.36M
$-225.88MFY2025
−303.2% year over year
Last 12 mo $-691.70M
0.78FY2025
Was 0.71× a year earlier
Last 12 mo 0.60
46.6MFY2025
+5.2% year over year
Last 12 mo 51.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What LTC Properties, Inc. does

In the company’s own words

LTC Properties, Inc. (NYSE: LTC) is a real estate investment trust focused on seniors housing and health care properties. It invests through property ownership and leases, mortgage and other loans, financing receivables, joint ventures, and, since 2025, an operating structure in which independent third-party managers run seniors housing communities and resident fees and services contribute to revenue. Its real estate investments segment includes triple-net leased properties, financing receivables, mortgage loans, notes receivable, and unconsolidated joint ventures; its SHOP segment comprises seniors housing communities operated under management agreements. At December 31, 2025, the portfolio represented approximately $2.0 billion in net investment carrying value, including 186 properties across its segments. For 2025, the real estate investments segment generated 90.3% of portfolio net operating income, while SHOP generated 8.8%. The properties serve older adults needing independent or assisted living, memory care, or skilled nursing, with operators and borrowers providing care and related services. Its website is www.LTCreit.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
WESTLAKE VILLAGE, CA
Fiscal year end
December
CIK
887905
SIC
6798

Financial performance, year by year

Fiscal 2011–2025 · USD
$-50.87M$101.75M$254.37M$407.00M$559.62M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns LTC Properties, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

251
funds hold it
0 of 35
superinvestors hold it
$804.71M
held by funds, at market
37.4%
of shares held by funds

Largest fund holders · LTC Properties, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.11%of fund net assets
VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.06%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do LTC Properties, Inc. and its peers compare on margins and cash generation over ten years?”
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