LTC Properties Reports Strong First Quarter 2025 Results with Growth in Key Metrics
LTC Properties, Inc. (NYSE: LTC) announced its financial results for the first quarter ended March 31, 2025, demonstrating resilience and growth in key performance indicators despite a slight dip in total revenues compared to the prior year.
Financial Performance Highlights
For the three months ended March 31, 2025, LTC Properties reported total revenues of $49.0 million, down from $51.4 million in the same period of 2024. However, the company showed strength in non-GAAP metrics, with funds available for distribution (FAD) increasing to $34.7 million from $31.3 million year-over-year, representing a 10.5% growth. Diluted FAD per share rose to $0.76 from $0.73, reflecting improved cash flow generation.
Net income available to common stockholders was $20.5 million, compared to $24.1 million in the prior year quarter. Despite this decline, core FAD—excluding non-recurring items—grew to $32.0 million from $28.9 million, up 10.8%, with diluted core FAD per share increasing to $0.70 from $0.67.
Strategic Initiatives Driving Value
LTC Properties highlighted the successful transition of 12 properties to its new SHOP (Senior Housing Operating Partnership) portfolio during the quarter. This shift is part of the company’s RIDEA (Real Estate Investment Trust Act) strategy, which aims to unlock new opportunities for value creation by combining property ownership with operational expertise in senior housing.
The company also issued full-year 2025 guidance, signaling confidence in its ability to deliver consistent performance amid evolving market conditions in the seniors housing and healthcare sectors.
About LTC Properties
LTC Properties, Inc. Is a real estate investment trust (REIT) focused on seniors housing and healthcare properties. The company primarily invests through SHOP structures, triple-net leases, and joint ventures. Its portfolio includes nearly 190 properties across the United States, with approximately 64% allocated to seniors housing communities and the remainder to skilled nursing centers based on gross real estate investments.
Founded in 1992 and headquartered in Westlake Village, California, LTC Properties trades on the NYSE under the ticker symbol LTC and maintains a commitment to delivering long-term value to shareholders through disciplined investment and operational excellence.
Investor Outlook
With a market capitalization of approximately $2.0 billion and a dividend yield of 5.76%, LTC Properties offers income-oriented investors exposure to the growing demand for senior care facilities. The company’s focus on core FAD growth and strategic portfolio transitions underscores its dedication to sustainable value creation in the healthcare real estate sector.