EarningsQ2 2026 Earnings Report
CH:LTP Q2 2026 EPS Results
Actual EPSCHF0.47
Consensus EPSCHF0.40
Beat/MissBeat by +CHF0.07
One Year Ago EPSCHF0.27
CH:LTP Q2 2026 Revenue Results
Actual RevenueCHF82.48M
Expected RevenueCHF65.84M
Beat/MissBeat by +CHF16.65M
YoY Revenue Growth+63.83%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
CH:LTP Upcoming Earnings
LTC Properties's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
CH:LTP Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveys a clear, execution-driven transformation toward a higher-growth SHOP-focused platform with multiple near-term achievements: materially increased acquisition guidance, accelerated SHOP NOI mix, sizable disposition proceeds, strengthened liquidity, and a quality acquisition pipeline. Near-term headwinds include flat-to-modest per-share results this year, dilution from ATM equity, increased interest expense, occupancy moderation versus internal pacing, and timing risk around asset sale proceeds and loan payoffs. Overall, management presents strong confidence in the multi-year growth thesis and execution, while acknowledging short-term trade-offs and timing risks.Company Guidance
Raised SHOP Acquisition Guidance
Increased 2026 SHOP acquisition guidance by 50% to $900 million at the midpoint; expect to have closed $700 million in SHOP acquisitions by end of Q3 and to surpass prior midpoint by $100 million.
Faster-than-expected SHOP NOI Mix Shift
PROJECTED SHOP to represent 40% of LTC's pro forma annualized NOI by end of September (a full quarter ahead of prior estimate) and 50% by year-end; pathway to 75% of annualized NOI from SHOP by end of 2028.
Strong Dispositions and Payoffs Driving Capital Recycling
Expect $730 million of proceeds from dispositions and loan payoffs in 2026, $465 million above prior guidance; blended cap rate on total 2026 proceeds expected at 7.3% (incremental $465M expected at ~5.5% on rent).
Core SHOP Pro Forma Growth
Anticipate pro forma growth of 14% (midpoint) in core SHOP portfolio versus 2025; second quarter core SHOP NOI $13.3 million, up from $12.7 million in Q1.
Expanded Liquidity and Financing Flexibility
Expanded unsecured revolving credit facility by $300 million to $900 million; pro forma liquidity of $648 million; sold 4.1 million shares under ATM for $155 million in net proceeds to pre-fund SHOP acquisitions.
Leverage and Coverage within Targets
Debt to annualized adjusted EBITDA for real estate 4.2x and annualized adjusted fixed charge coverage ratio 4.9x, operating comfortably within stated 4x–5x target range.
Portfolio Quality and Acquisition Characteristics
SHOP gross investments to total over $1.3 billion by end of Q3; average age ~9 years; ~76% in primary markets; average community size ~110 units; ~60% offer continuum of care — indicating targeted, quality acquisition strategy.
Narrowed Full-Year Guidance with Increased SHOP Assumptions
Narrowed 2026 guidance: Core FFO per share $2.76–$2.78 and Core FAD per share $2.83–$2.85. Guidance incorporates increased SHOP acquisitions to $900M and projected SHOP NOI addition of $71M–$80M.
CH:LTP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed