Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
LTC Properties (LTC)
NYSE:LTC
Holding LTC?
Track your performance easily
Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.51Last Year’s EPS
$0.67Same Quarter Last Year
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 28, 2024
|% Change Since: -1.91%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook with significant financial improvements, strategic deleveraging, and exploration of new growth opportunities through RIDEA. However, there are some concerns about decreased FFO guidance and ongoing challenges with specific operators such as Prestige Healthcare.Company Guidance
During the LTC Properties, Inc. third-quarter 2024 earnings call, the company reported the collection of $4.1 million in previously unrecorded revenue and $98 million related to loan receivable payoffs and paydowns, significantly deleveraging their balance sheet. They also received net proceeds of nearly $63 million from equity sales under their ATM program. Net income available to common shareholders increased by $7.1 million, driven by onetime income, reduced interest expenses, and higher rent and income from joint ventures. Fully diluted FFO per share rose to $0.78 from $0.65 year-over-year, with a projected fourth-quarter FFO, excluding nonrecurring items, between $0.65 and $0.66 per share. The company’s liquidity position improved to approximately $286 million, an increase of 51% from the previous quarter. LTC is actively evaluating the implementation of a RIDEA structure, envisioning potential conversion of $150 million to $200 million of current investments by the second quarter of 2025.Increased Net Income
Net income available to common shareholders increased by $7.1 million due to one-time income from former operators, decline in interest expense, and increases in rent and income from unconsolidated joint ventures.
Improved FFO Per Share
Fully diluted FFO per share was $0.78 compared to $0.65 last year, and excluding nonrecurring items, it was $0.68 versus $0.65.
Deleveraged Balance Sheet
Pro forma debt to annualized adjusted EBITDA for real estate is down to 4.2x from 5.3x, and the pro forma annualized adjusted fixed charge coverage ratio is up to 4.8x from 3.7x.
Significant Loan Receivable Payoffs
LTC received more than $98 million related to loan receivable payoffs and paydowns.
Strategic Exploration of RIDEA Structure
LTC is actively analyzing the addition of a RIDEA structure with potential conversions in 2025, indicating a strategic shift towards growth.
---
LTC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
LTC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $35.76 | $37.89 | +5.96% |
| Jul 29, 2024 | $37.01 | $34.76 | -6.08% |
| Apr 29, 2024 | $31.31 | $31.90 | +1.88% |
| Feb 15, 2024 | $29.79 | $29.83 | +0.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does LTC Properties (LTC) report earnings?
LTC Properties (LTC) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is LTC Properties (LTC) earnings time?
LTC Properties (LTC) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LTC EPS forecast?
LTC EPS forecast for the fiscal quarter 2024 (Q4) is $0.51.
---