LTC: Fourth Quarter Earnings Overview
LTC Properties Inc. Announces Fourth Quarter Financial Results
LTC Properties Inc., a real estate investment trust headquartered in Westlake Village, California, released its fourth-quarter financial performance on Tuesday.
During the quarter, the company reported funds from operations totaling $33.5 million, which equates to $0.70 per share. This metric, commonly used in the REIT sector, reflects net income with adjustments for depreciation and amortization.
LTC Properties also disclosed a net income of $101.6 million, or $2.11 per share, for the period. The trust generated $84.3 million in revenue, with adjusted revenue coming in at $26.7 million.
For the full year, funds from operations reached $127.1 million, while total revenue was $116.2 million.
Looking ahead, the company anticipates funds from operations per share for the first quarter to fall between $0.66 and $0.68. For the entire year, LTC expects this figure to range from $2.75 to $2.79 per share.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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