LTC Properties reports Q4 FFO 65c, consensus 65c

Reports Q4 revenue $52.6M, consensus $45.3M. “2024 was a strong year for LTC. We set ambitious goals, and we delivered, often ahead of schedule,” said Pam Kessler, LTC’s Co-Chief Executive Officer and Co-President. “We are making substantial progress on our RIDEA strategy, with initial transactions expected during the second quarter. Adding RIDEA to our robust suite of offerings for growth-minded operating partners unlocks a strong catalyst for future growth for LTC. Additionally, we would like to recognize the recent promotions of Gibson Satterwhite to Executive Vice President, Asset Management and Michael Bowden to Senior Vice President, Investments. They have been an integral part of the LTC team for nearly ten years, and their expertise will be invaluable as we continue to unlock LTC’s long-term growth potential.” “Our entrance into RIDEA has created significant interest from current and potential operating partners,” said Clint Malin, Co-Chief Executive Officer, Co-President and Chief Investment Officer. “As a result, we are expanding our pipeline with interesting opportunities from both inbound inquiries and proactive outreach. We believe RIDEA will become a critical part of LTC’s strategy, offering operators a structure that aligns their successes with ours.”