NYSE$LTC
LTC Properties Inc. · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
LTC Properties' second quarter results for 2023 were announced.
LTC Properties reported a net income available to common stockholders of $6.03 million and a diluted earnings per common share of $0.15 for the second quarter ended June 30, 2023. The results were impacted by higher interest income from financing receivables and mortgage loans, offset by lower interest income from mezzanine loans and higher interest expense. The company also recorded a $12.1 million impairment loss.
- Net income available to common stockholders was $6.03 million, or $0.15 per diluted share.
- NAREIT FFO attributable to common stockholders was $27.18 million, or $0.66 per diluted share.
- The company contributed $45.0 million to a joint venture for the purchase of a 242-unit independent living, assisted living and memory care campus in Ohio.
- LTC deferred $600,000 in interest payments during the 2023 second quarter and deferred $300,000 in interest payments in July 2023.
Headline financials
Revenue & EPS history
LTC Properties · Revenue · Quarterly
$48.2M
Revenue by segment
LTC Properties · $48.2M total across 4 segments · Q2 2023
- Rental Income$31.5M—65.4%
- Mortgage Loan Interest$11.9M—24.7%
- Financing Receivables Interest$3.83M—7.9%
- Interest and Other Income$953K—2.0%
Forward guidance
LTC expects to complete the sale of two assisted living communities in Pennsylvania during the third quarter of 2023 and anticipates recording a gain on sale of approximately $5.2 million from these non-revenue producing assets.
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 Q2 2023
-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
| Quarter | Report date | Reaction (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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