LTC
LTC Properties Inc
NYSE: LTC · REAL ESTATE · REIT - HEALTHCARE FACILITIES
$38.24
-0.49% today
Updated 2026-04-29
Market cap
$1.89B
P/E ratio
15.17
P/S ratio
7.35x
EPS (TTM)
$2.52
Dividend yield
5.93%
52W range
$32 – $40
Volume
0.4M
LTC Properties Inc (LTC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $73.16M | $74.79M | $68.84M | $69.38M | $74.30M | $83.62M | $92.48M | $104.97M | $118.96M | $136.20M | $161.58M | $168.06M | $168.65M | $185.30M | $159.34M | $155.32M | $175.15M | $197.24M | $209.85M | $262.85M |
| Revenue growth (YoY) | — | +2.2% | -8.0% | +0.8% | +7.1% | +12.5% | +10.6% | +13.5% | +13.3% | +14.5% | +18.6% | +4.0% | +0.3% | +9.9% | -14.0% | -2.5% | +12.8% | +12.6% | +6.4% | +25.3% |
| Cost of revenue | $6.70M | $7.23M | $6.84M | $7.52M | $2.65M | $6.43M | $9.93M | $11.36M | $13.13M | $17.50M | $26.44M | $29.95M | $30.20M | $16.75M | $15.06M | $15.39M | $15.49M | $13.27M | $12.93M | $65.37M |
| Gross profit | $66.47M | $67.56M | $62.52M | $62.38M | $71.65M | $77.18M | $82.55M | $93.61M | $105.83M | $118.71M | $135.14M | $168.06M | $168.65M | $168.55M | $144.27M | $139.93M | $159.67M | $183.97M | $196.92M | $197.48M |
| Gross margin | 90.8% | 90.3% | 90.8% | 89.9% | 96.4% | 92.3% | 89.3% | 89.2% | 89.0% | 87.2% | 83.6% | 100.0% | 100.0% | 91.0% | 90.5% | 90.1% | 91.2% | 93.3% | 93.8% | 75.1% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | — | — | — | $7.52M | $9.83M | $9.67M | $10.73M | $11.54M | $11.64M | $14.99M | $17.41M | $17.51M | $19.19M | $18.45M | $19.71M | $21.46M | $23.71M | $24.29M | $27.24M | $31.12M |
| Operating income | $52.39M | $48.04M | $43.19M | $44.36M | $48.62M | $55.05M | $50.31M | $55.41M | $68.44M | $70.68M | $83.98M | $85.08M | $152.21M | $81.87M | $95.63M | $54.81M | $99.08M | $89.96M | $92.44M | $126.74M |
| Operating margin | 71.6% | 64.2% | 62.7% | 63.9% | 65.4% | 65.8% | 54.4% | 52.8% | 57.5% | 51.9% | 52.0% | 50.6% | 90.3% | 44.2% | 60.0% | 35.3% | 56.6% | 45.6% | 44.0% | 48.2% |
| EBITDA | $66.33M | $67.35M | $62.04M | $61.38M | $64.36M | $74.68M | $82.39M | $91.47M | $112.06M | $120.01M | $147.49M | $154.90M | $222.83M | $150.67M | $164.45M | $121.89M | $169.52M | $175.89M | $171.58M | $197.24M |
| EBITDA margin | 90.7% | 90.0% | 90.1% | 88.5% | 86.6% | 89.3% | 89.1% | 87.1% | 94.2% | 88.1% | 91.3% | 92.2% | 132.1% | 81.3% | 103.2% | 78.5% | 96.8% | 89.2% | 81.8% | 75.0% |
| EBIT | $52.39M | $53.00M | $47.08M | $46.55M | $48.25M | $55.05M | $60.24M | $66.77M | $86.53M | $90.58M | $111.56M | $117.29M | $185.27M | $111.45M | $125.38M | $83.60M | $132.02M | $138.48M | $135.22M | $159.37M |
| Interest expense | $7.03M | $4.96M | $4.11M | $2.42M | $2.65M | $6.43M | $9.93M | $11.36M | $13.13M | $17.50M | $26.44M | $29.95M | $30.20M | $30.58M | $29.70M | $27.38M | $31.44M | $47.01M | $40.34M | $35.31M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $78.79M | $47.76M | $42.98M | $44.06M | $45.86M | $49.25M | $51.29M | $57.81M | $73.40M | $73.08M | $85.11M | $87.34M | $154.98M | $80.53M | $95.29M | $55.86M | $100.02M | $89.73M | $91.04M | $117.97M |
| Net income growth (YoY) | — | -39.4% | -10.0% | +2.5% | +4.1% | +7.4% | +4.1% | +12.7% | +27.0% | -0.4% | +16.5% | +2.6% | +77.4% | -48.0% | +18.3% | -41.4% | +79.1% | -10.3% | +1.5% | +29.6% |
| Profit margin | 107.7% | 63.9% | 62.4% | 63.5% | 61.7% | 58.9% | 55.5% | 55.1% | 61.7% | 53.7% | 52.7% | 52.0% | 91.9% | 43.5% | 59.8% | 36.0% | 57.1% | 45.5% | 43.4% | 44.9% |