NYSE$LTC

LTC Properties Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

LTC reported results impacted by the completion of certain transactions during and subsequent to the quarter.

LTC Properties announced its operating results for the third quarter ended September 30, 2022. The results were impacted by completed transactions during and subsequent to the quarter.

  • LTC Properties is a real estate investment trust (REIT).
  • The company primarily invests in seniors housing and health care properties.
  • LTC's investment portfolio includes 204 properties in 29 states with 32 operating partners.
  • Based on gross real estate investments, LTC’s portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties.

Headline financials

Total Revenue

$43.5M

Previous: $37.5M+16.1%
EPS (adj)

$0.60

Previous: $0.45+33.3%
Capital Expenditures

-$4.66M

Previous: -$18.2M+74.4%
Free Cash Flow

$8.63M

Previous: -$7.2M+219.8%
Net Income

$13.3M

Previous: $11M+20.6%
Operating Income

$13M

Previous: $10.7M+21.2%
Gross Profit

$43.4M

Previous: $36.7M+18.3%
Cash & Equivalents

$6.48M

Previous: $45.5M-85.7%
Total Assets

$1.65B

Previous: $1.45B+13.7%
Stock-Based Comp

$2.01M

Previous: $1.98M+2.0%

Revenue & EPS history

LTC Properties · Revenue · Quarterly

$43.5M

Q3 2022+16.1%vs Q3 2021
Beat estimate in 13 of 15 quarters(87%)
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

Forward guidance

LTC Properties provided forward-looking statements regarding the Company’s expectations, beliefs, intentions or strategies regarding the future.

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 Q3 2022

Historical avgQ3 2022

-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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