LTC Properties, Inc. (LTC)

LTC Properties Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	129.95	127.35	128.24	121.13	126.09	152.76
Other Revenue	2.12	1.5	1.5	1.42	0.43	2.39
Total Revenue	198.71	191.82	172.11	155.35	157.92	185.13
Revenue Growth (YoY	4.70%	11.45%	10.79%	-1.63%	-14.70%	11.21%
Property Expenses	14.62	14.41	16.31	19.83	15.36	17.12
Selling, General & Administrative	25.96	24.29	23.71	21.46	19.71	18.45
Depreciation & Amortization	36.5	37.42	37.5	38.3	39.07	39.22
Total Operating Expenses	80.89	81.79	79.04	80.6	74.14	74.96
Operating Income	117.82	110.03	93.07	74.75	83.78	110.18
Interest Expense	-44.39	-47.01	-31.44	-27.38	-29.71	-30.58
Interest & Investment Income	10.87	6.93	4.55	1.39	1.85	2.56
EBT Excluding Unusual Items	84.29	69.94	66.18	48.76	55.92	82.16
Gain (Loss) on Sale of Investments	-	-	-	-	-0.76	-5.5
Gain (Loss) on Sale of Assets	23.63	37.3	37.83	7.46	44.12	2.11
Total Insurance Settlements	-	-	-	-	0.37	2.11
Asset Writedown	-3.27	-15.78	-3.42	-	-3.98	-
Other Unusual Items	-0.7	-	-	-	-	-
Pretax Income	103.96	91.46	100.58	56.22	95.68	80.87
Earnings From Continuing Operations	103.96	91.46	100.58	56.22	95.68	80.87
Net Income to Company	103.96	91.46	100.58	56.22	95.68	80.87
Minority Interest in Earnings	-2.77	-1.73	-0.56	-0.36	-0.38	-0.35
Net Income	101.19	89.74	100.02	55.86	95.29	80.53
Preferred Dividends & Other Adjustments	0.66	0.59	0.58	0.46	0.42	0.39
Net Income to Common	100.53	89.15	99.44	55.4	94.87	80.14
Net Income Growth	27.37%	-10.29%	79.06%	-41.38%	18.34%	-48.04%
Basic Shares Outstanding	43	41	40	39	39	40
Diluted Shares Outstanding	43	41	40	39	39	40
Shares Change (YoY)	5.72%	3.22%	2.33%	-0.28%	-1.25%	-0.20%
EPS (Basic)	2.34	2.16	2.49	1.41	2.42	2.03
EPS (Diluted)	2.32	2.16	2.48	1.41	2.42	2.02
EPS Growth	20.82%	-12.90%	75.89%	-41.74%	19.80%	-48.07%
Dividend Per Share	2.280	2.280	2.280	2.280	2.280	2.280
Operating Margin	59.29%	57.36%	54.07%	48.12%	53.05%	59.51%
Profit Margin	50.59%	46.47%	57.78%	35.66%	60.07%	43.28%
Free Cash Flow Margin	59.06%	54.43%	61.35%	58.69%	73.52%	66.15%
EBITDA	154.32	147.45	130.56	113.05	122.85	149.4
EBITDA Margin	77.66%	76.87%	75.86%	72.77%	77.79%	80.70%
D&A For Ebitda	36.5	37.42	37.5	38.3	39.07	39.22
EBIT	117.82	110.03	93.07	74.75	83.78	110.18
EBIT Margin	59.29%	57.36%	54.07%	48.12%	53.05%	59.51%
Funds From Operations (FFO)	116.67	105.04	102.53	86.24	94.56	122.75
FFO Per Share	2.69	2.54	2.56	2.20	2.41	3.08
Adjusted Funds From Operations (AFFO)	-	105.04	102.53	86.24	94.56	122.75
AFFO Per Share	-	2.52	2.54	2.20	2.41	3.07
FFO Payout Ratio	84.58%	90.21%	89.25%	104.94%	95.45%	74.06%
Revenue as Reported	207.46	197.24	175.15	155.32	159.34	185.3

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