NYSE$LTC
LTC Properties Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
LTC reported an increase in net income and earnings per share for Q4 2023, while also reducing leverage and resolving portfolio challenges.
LTC Properties reported a net income available to common stockholders of $28.06 million, or $0.67 per diluted share, for the fourth quarter of 2023. The company substantially reduced leverage and addressed portfolio challenges, positioning it for future growth.
- Net income available to common stockholders was $28.06 million, or $0.67 per diluted share.
- NAREIT FFO attributable to common stockholders was $23.90 million, or $0.57 per diluted share.
- The company completed the process for the original Brookdale master lease, fully replacing the income generated.
- LTC repaid $60.0 million under its revolving line of credit, reducing debt to adjusted EBITDA ratio to 5.5x.
Headline financials
Revenue & EPS history
LTC Properties · Revenue · Quarterly
$50.4M
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 more than fully replaced the rent generated by the original Brookdale portfolio, reached a permanent solution for one of transitioned portfolios, received all of the contractual interest owed under the Prestige mortgage loan ahead of schedule, and reduced leverage earlier than expected, successfully positioning LTC for growth in 2024 and beyond.
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 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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