NYSE$LTC

LTC Properties Inc. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

LTC Properties reported results for the fourth quarter of 2020.

LTC Properties announced operating results for the fourth quarter ended December 31, 2020, with net income available to common stockholders at $17.5 million, or $0.45 per diluted share. Funds from Operations (FFO) was $30.4 million, or $0.78 per share, and Funds available for distribution (FAD) was $30.7 million for the same period.

  • Net income available to common stockholders was $17.5 million, or $0.45 per diluted share, for the 2020 fourth quarter.
  • FFO was $30.4 million, or $0.78 per share, for the 2020 fourth quarter.
  • Excluding the prior year’s $2.1 million gain from property insurance proceeds related to a previously sold property, FFO was $30.3 million for the quarter ended December 31, 2019.
  • FAD was $30.7 million for the 2020 fourth quarter.

Headline financials

Total Revenue

$37.8M

Previous: $38.2M-1.1%
EPS (adj)

$0.78

Previous: $0.76+2.6%
Nareit FFO

$30.4M

No prior period
FAD

$30.7M

No prior period
Net Income

$17.5M

Previous: $12.4M+41.1%
Operating Income

$17.7M

Previous: $15.6M+13.2%
Gross Profit

$42.9M

Previous: $42.3M+1.5%
Cash & Equivalents

$7.77M

Previous: $4.24M+83.1%
Total Assets

$1.46B

Previous: $1.51B-3.6%
Stock-Based Comp

$1.78M

Previous: $1.63M+9.4%

Revenue & EPS history

LTC Properties · Revenue · Quarterly

$37.8M

Q4 2020-1.1%vs Q4 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 Q4 2020

Historical avgQ4 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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