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Ltc Properties (DE:LTP)
:LTP
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.41Last Year’s EPS
0.39Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 05, 2025
|% Change Since: 4.63%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Positive
The earnings call demonstrated a strong focus on growth through the RIDEA platform and solid financial performance. However, challenges remain, particularly with the skilled-nursing centers and the occupancy dips in the Anthem portfolio. Overall, the company appears to be well-positioned for future growth with a cautious approach to existing challenges.Company Guidance
During the first quarter of 2025 earnings call for LTC Properties, the company outlined a series of strategic moves that include converting 13 properties from triple net leases to a SHOP portfolio valued at $176 million. This transition, completed with Anthem Memory Care and soon to include New Perspective, is part of their RIDEA strategy which has expanded their investment pipeline to $300 million, with approximately 50% representing RIDEA opportunities. The company appointed Dave Boitano as the new Chief Investment Officer, bringing substantial industry experience. Financially, LTC reported a slight increase in core FFO per share to $0.65 and a similar increase in core FAD per share to $0.70. Their liquidity stands at $681 million, with a debt to annualized adjusted EBITDA ratio of 4.3x and an improved fixed charge coverage ratio of 5.0x. They provided full-year guidance for core FFO per share between $2.65 and $2.69 and core FAD per share between $2.78 and $2.82. The company's SHOP portfolio is projected to generate NOI between $9.4 million and $10.3 million in 2025.RIDEA Platform Expansion
LTC Properties expanded its RIDEA platform with a SHOP portfolio totaling $176 million in gross book value through the conversion of 13 properties from triple net leases. The investment pipeline now stands at $300 million, with RIDEA opportunities representing approximately 50%.
Financial Performance and Liquidity
Core FFO grew to $0.65 from $0.64, and core FAD increased to $0.7 from $0.67. Total liquidity is approximately $681 million, with a debt to annualized adjusted EBITDA ratio of 4.3x and an improved annualized adjusted fixed charge coverage ratio of 5.0x.
Prestige Contractual Cash Interest
Received full contractual cash interest of $5 million through $3.8 million in cash interest paid and $1.2 million from security. Prestige received $2.3 million in retroactive Medicaid payments, with security deposit now at $6 million.
Operator Pipeline and Growth Strategy
Actively pursuing underwriting opportunities to add stabilized assets, focusing on a blend of RIDEA strategy with traditional and structured finance transactions for long-term value creation.
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DE: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
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DE:LTP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2025 | €30.70 | €31.34 | +2.08% |
Feb 24, 2025 | €32.78 | €32.47 | -0.97% |
Oct 28, 2024 | €31.82 | €33.66 | +5.78% |
Jul 29, 2024 | €33.20 | €31.05 | -6.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ltc Properties (DE:LTP) report earnings?
Ltc Properties (DE:LTP) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is Ltc Properties (DE:LTP) earnings time?
Ltc Properties (DE:LTP) earnings time is at Jul 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Ltc Properties stock?
The P/E ratio of LTC Properties is N/A.
What is DE:LTP EPS forecast?
DE:LTP EPS forecast for the fiscal quarter 2025 (Q2) is 0.41.
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