NYSE$LTC

LTC Properties Inc. · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

LTC Properties reported first quarter results, showing increased net income primarily due to net gain on sale of properties and higher rental and interest income.

LTC Properties announced its Q1 2020 results, with net income available to common stockholders at $63.4 million, or $1.60 per diluted share, compared to $20.3 million, or $0.51 per diluted share, for the same period in 2019. FFO was $29.2 million for the 2020 first quarter, compared with $29.9 million for the comparable 2019 period.

  • Net income available to common stockholders was $63.4 million, or $1.60 per diluted share.
  • FFO was $29.2 million.
  • FFO per diluted common share was $0.74.
  • Improvement in net income was primarily due to a $43.9 million net gain on sale of properties and higher rental and interest income.

Headline financials

Total Revenue

$46.4M

Previous: $35.9M+29.4%
EPS (adj)

$0.74

Previous: $0.75-1.3%
Nareit FFO

$29.2M

Previous: $29.9M-2.3%
Nareit Diluted FFO per share

$0.74

Previous: $0.75-1.3%
Capital Expenditures

-$5.97M

Previous: -$22.9M+73.9%
Free Cash Flow

$57.7M

Previous: -$2.58M+2333.2%
Net Income

$63.6M

Previous: $20.3M+212.8%
Operating Income

$63.5M

Previous: $19.3M+228.3%
Gross Profit

$44.5M

Previous: $33.9M+31.1%
Cash & Equivalents

$30.9M

Previous: $6.72M+360.0%
Total Assets

$1.52B

Previous: $1.5B+1.9%
Stock-Based Comp

$1.78M

Previous: $1.69M+5.2%

Revenue & EPS history

LTC Properties · Revenue · Quarterly

$46.4M

Q1 2020+29.4%vs Q1 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

LTC Properties · $48.2M total across 4 segments · Q2 2023

  • Rental Income
    $31.5M
  • Mortgage Loan Interest
    $11.9M
  • Financing Receivables Interest
    $3.83M
  • Interest and Other Income
    $953K

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.0%

Avg return

Earnings day

+0.5%

Avg return

5 days after

-0.3%

Avg return

30 days after

49%

32 / 65 earnings

Positive

+7.7%

Q3 2018

Best reaction

-7.0%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.7%+0.6%-5.5%
Q4 2025+1.4%+2.5%-4.6%
Q3 2025-0.4%+2.0%-1.1%
Q1 2025+2.9%+3.8%+0.8%
Q4 2024-0.8%+0.1%+0.2%
Q3 2024+7.3%+5.1%+9.1%
Q2 2024-7.0%-5.6%-4.0%
Q1 2024+1.7%+2.7%+3.1%
Q4 2023+1.7%+3.0%+3.9%
Q3 2023-1.8%+1.2%+4.2%
Q2 2023-3.2%-5.3%-9.6%
Q1 2023-0.3%-3.8%-7.0%
Q4 2022+3.1%+2.4%-10.0%
Q3 2022-0.0%-2.4%-1.4%
Q2 2022+4.2%+6.2%+11.3%
Q1 2022-1.2%+2.7%+15.8%
Q4 2021-1.6%-0.8%+6.1%
Q3 2021-6.3%-3.4%-5.1%
Q2 2021-2.8%-5.4%-12.3%
Q1 2021+0.0%-2.7%-7.9%
Q4 2020-1.5%+0.1%+3.7%
Q3 2020+1.8%+7.5%+17.0%
Q2 2020-4.7%-5.4%-4.7%
Q1 2020+2.8%+5.1%+18.7%
Q4 2019+2.4%+1.7%-43.3%
Q3 2019-2.4%-5.9%-9.4%
Q2 2019+2.4%+3.5%+7.8%
Q1 2019+1.3%+1.8%-0.3%
Q4 2018-3.5%-2.0%+1.7%
Q3 2018+7.7%+8.1%+8.1%
Q2 2018+0.9%+1.3%+5.7%
Q1 2018+4.7%+5.3%+11.0%
Q4 2017+1.5%+3.6%+0.7%
Q3 2017-0.7%+1.8%-4.4%
Q2 2017-4.0%-5.3%-2.4%
Q1 2017-2.7%+1.4%+2.6%
Q4 2016+0.6%+2.7%+0.0%
Q3 2016-4.9%-3.9%-6.9%
Q2 2016-1.2%-3.2%-3.0%
Q1 2016+2.4%
Q4 2015-0.3%
Q3 2015+1.1%
Q2 2015-1.3%
Q1 2015-1.9%
Q4 2014+0.3%
Q3 2014+0.9%
Q2 2014+0.6%
Q1 2014+0.4%
Q4 2013+0.3%
Q3 2013-1.8%
Q2 2013+2.5%
Q1 2013-1.1%
Q4 2012+1.5%
Q3 2012-3.4%
Q2 2012-3.6%
Q4 2011-0.3%
Q1 2011-0.3%
Q1 2012+0.8%
Q4 2009+3.4%
Q1 2010+3.4%
Q3 2011+5.3%
Q3 2010+5.3%
Q2 2010-4.5%
Q2 2011-4.5%
Q4 2010-4.5%

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