LTC Properties, Inc. (LTC)

LTC Properties Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	132.28	127.35	128.24	121.13	126.09
Other Revenue	2.44	1.5	1.5	1.42	0.43
Total Revenue	201.6	191.82	172.11	155.35	157.92
Revenue Growth (YoY	5.10%	11.45%	10.79%	-1.63%	-14.70%
Property Expenses	13.75	14.41	16.31	19.83	15.36
Selling, General & Administrative	27.24	24.29	23.71	21.46	19.71
Depreciation & Amortization	36.37	37.42	37.5	38.3	39.07
Total Operating Expenses	77.47	81.79	79.04	80.6	74.14
Operating Income	124.13	110.03	93.07	74.75	83.78
Interest Expense	-40.34	-47.01	-31.44	-27.38	-29.71
Interest & Investment Income	10.69	6.93	4.55	1.39	1.85
EBT Excluding Unusual Items	94.48	69.94	66.18	48.76	55.92
Gain (Loss) on Sale of Investments	-	-	-	-	-0.76
Gain (Loss) on Sale of Assets	7.98	37.3	37.83	7.46	44.12
Total Insurance Settlements	-	-	-	-	0.37
Asset Writedown	-6.95	-15.78	-3.42	-	-3.98
Other Unusual Items	-0.63	-	-	-	-
Pretax Income	94.88	91.46	100.58	56.22	95.68
Earnings From Continuing Operations	94.88	91.46	100.58	56.22	95.68
Minority Interest in Earnings	-3.84	-1.73	-0.56	-0.36	-0.38
Net Income	91.04	89.74	100.02	55.86	95.29
Preferred Dividends & Other Adjustments	0.68	0.59	0.58	0.46	0.42
Net Income to Common	90.36	89.15	99.44	55.4	94.87
Net Income Growth	1.45%	-10.29%	79.06%	-41.38%	18.34%
Basic Shares Outstanding	44	41	40	39	39
Diluted Shares Outstanding	44	41	40	39	39
Shares Change (YoY)	6.97%	3.22%	2.33%	-0.28%	-1.25%
EPS (Basic)	2.07	2.16	2.49	1.41	2.42
EPS (Diluted)	2.04	2.16	2.48	1.41	2.42
EPS Growth	-5.56%	-12.90%	75.89%	-41.74%	19.80%
Dividend Per Share	2.280	2.280	2.280	2.280	2.280
Operating Margin	61.57%	57.36%	54.07%	48.12%	53.05%
Profit Margin	44.82%	46.47%	57.78%	35.66%	60.07%
Free Cash Flow Margin	62.09%	54.43%	61.35%	58.69%	73.52%
EBITDA	160.5	147.45	130.56	113.05	122.85
EBITDA Margin	79.61%	76.87%	75.86%	72.77%	77.79%
D&A For Ebitda	36.37	37.42	37.5	38.3	39.07
EBIT	124.13	110.03	93.07	74.75	83.78
EBIT Margin	61.57%	57.36%	54.07%	48.12%	53.05%
Funds From Operations (FFO)	125.7	105.04	102.53	86.24	94.56
FFO Per Share	2.84	2.54	2.56	2.20	2.41
Adjusted Funds From Operations (AFFO)	123.43	107.12	102.53	86.24	94.56
AFFO Per Share	2.77	2.57	2.54	2.20	2.41
FFO Payout Ratio	79.98%	90.21%	89.25%	104.94%	95.45%
Revenue as Reported	209.85	197.24	175.15	155.32	159.34

Source: S&P Capital IQ. Real Estate template. Financial Sources.