LTC Properties, Inc. (LTC)

LTC Properties Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	117.97	91.04	89.74	100.02	55.86
Depreciation & Amortization	37.87	36.37	37.42	37.5	38.3
Other Amortization	2.31	1.88	1.98	2.02	1.73
Gain (Loss) on Sale of Assets	-77.82	-7.98	-37.3	-37.83	-7.46
Asset Writedown	-	6.95	15.78	3.42	-
Stock-Based Compensation	9.33	9.05	8.48	7.96	7.76
Income (Loss) on Equity Investments	-6.76	-2.44	-1.5	-1.5	-1.42
Change in Accounts Receivable	-9.74	-10.39	-9.28	-7.17	-6.78
Change in Other Net Operating Assets	0.45	-2.38	-7.15	3.19	1.67
Other Operating Activities	57.84	3.03	0.66	-3.54	0.5
Operating Cash Flow	135.98	125.88	104.49	105.59	91.18
Operating Cash Flow Growth	8.03%	20.46%	-1.04%	15.79%	-21.46%
Acquisition of Real Estate Assets	-361.86	-13.99	-53.45	-60.92	-6.3
Sale of Real Estate Assets	126.7	38.87	66.27	72.62	43.63
Net Sale / Acq. of Real Estate Assets	-235.16	24.87	12.83	11.7	37.33
Investment in Marketable & Equity Securities	18.08	-11.26	-	-	-5.68
Other Investing Activities	18.19	13.09	-13.15	-30.35	-13.66
Investing Cash Flow	-269.94	90.68	-174.91	-119.95	-69.79
Long-Term Debt Issued	308.51	-	172.25	269	304.4
Long-Term Debt Repaid	-149.5	-207.06	-49.16	-223.06	-230.56
Net Debt Issued (Repaid)	159.01	-207.06	123.09	45.94	73.84
Issuance of Common Stock	100.56	83.11	53.78	68.16	-
Repurchase of Common Stock	-5.21	-1.53	-1.62	-1.36	-3.57
Common Dividends Paid	-107.39	-100.53	-94.76	-91.51	-90.49
Total Dividends Paid	-107.39	-100.53	-94.76	-91.51	-90.49
Other Financing Activities	-8.03	-1.41	-0.16	-1.65	-3.78
Net Cash Flow	4.97	-10.87	9.91	5.22	-2.61
Cash Interest Paid	32.97	40.05	47.18	28.81	26.72
Levered Free Cash Flow	133.52	-64.34	-38.73	-33.98	59.74
Unlevered Free Cash Flow	153.96	-40.18	-10.55	-15.47	75.72
Change in Working Capital	-9.29	-12.77	-16.43	-3.99	-5.11

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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