44.98
+0.47%
Close of 9 Nov 2026, in USD
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About LTC Properties
From its filings with the US Securities and Exchange Commission
LTC Properties is based in Westlake Village, California and is incorporated in Maryland. Its shares trade on NYSE under the ticker LTC. The SEC classifies its business as real estate investment trusts. In the fiscal year to 31 December 2025, it reported revenue of $262.9m and net income of $118.0m. At that date it held total assets of $2.06bn and shareholders' equity of $1.07bn.
LTC Properties, Inc., a real estate investment trust (“REIT”), was incorporated on May 12, 1992 in the State of Maryland and commenced operations on August 25, 1992. Historically we have invested primarily in seniors housing and health care properties primarily through ownership, sale-leasebacks, mortgage financing, joint ventures, construction financing and structured finance solutions including preferred equity, bridge and mezzanine lending.
Our investment policy is to invest primarily in seniors housing and health care properties. Over the past three years, we have underwritten investments in seniors housing communities and health care centers for a total of approximately $781.5 million. Additionally, during the past three years, we have disposed of properties for a total sales price of $252.2 million.
Prior to finalizing an investment, we conduct a comprehensive financial due diligence review and property site review to assess the property’s general physical condition.
Additionally, during the second quarter of 2025, we began utilizing the structure authorized by the REIT Investment Diversification and Empowerment Act of 2007 (commonly referred to as “RIDEA”) as permitted by the Housing and Economic Recovery Act of 2008 and expect to continue using this investment structure in 2026.
Quoted from its 10-K, filed 24 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 18 Aug 1992
- Employees
- 25
- Website
- ltcreit.com ↗
- Head office
- 3011 TOWNSGATE ROAD, WESTLAKE VILLAGE, CA, 91361
- Incorporated in
- MD
- Classification
- Real Estate Investment Trusts
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Ms. Wendy SimpsonExecutive Chairman of the Board, since 1995$5.1m
- Mr. Clint MalinCo-President, Co-Chief Executive Officer$2.7m
- Ms. Pamela Shelley-KesslerCo-President, Co-Chief Executive Officer$2.7m
- Ms. Caroline ChikhaleChief Financial Officer, Executive Vice President, Treasurer, Company Secretary, since 2024$1.3m
- Mr. Gibson SatterwhiteExecutive Vice President of Asset Management
- Mr. David BoitanoChief Investment Officer
- Ms. Cornelia ChengIndependent Director$217,000
- Mr. David GruberIndependent Director$208,000
- Mr. Bradley PreberIndependent Director$177,000
- Dr. Timothy TricheIndependent Director$217,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 36
- Environment
- 4
- Social
- 43
- Governance
- 60
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- LTC Properties Inc has several strengths that contribute to its success in the real estate industry. Firstly, the company has a strong portfolio of healthcare properties, specializing in long-term care facilities. This specialization allows LTC Properties Inc to leverage its expertise and experience in this niche market. Additionally, the company has a solid financial position, with a stable revenue stream generated from long-term lease agreements with reputable healthcare operators.
- Furthermore, LTC Properties Inc has a strong reputation for its focus on quality healthcare facilities, attracting healthcare operators and tenants who value such properties. The company also benefits from a diverse tenant base, minimizing its reliance on any single tenant or operator. This diversification provides stability and mitigates risks associated with vacancies or lease terminations.
Weaknesses
- Despite its strengths, LTC Properties Inc faces some weaknesses that could affect its performance. One potential weakness is the company's exposure to regulatory changes and government policies in the healthcare industry. Changes in reimbursement rates or regulations could impact the profitability of LTC Properties Inc and its tenants.
- Another weakness is the company's dependency on tenants' ability to maintain and operate the healthcare properties effectively. Any financial struggles or operational challenges faced by tenants could potentially lead to defaults on lease obligations or property management issues for LTC Properties Inc.
Opportunities
- LTC Properties Inc has several opportunities for growth and expansion. The increasing demand for long-term care facilities due to the aging population presents a favorable market environment for the company. By continually acquiring and developing properties in strategic locations, LTC Properties Inc can capitalize on this growing demand.
- Additionally, the company can seek out partnerships or collaborations with healthcare operators to further expand its portfolio. These partnerships can help LTC Properties Inc access new markets and enhance tenant relationships, ultimately driving long-term growth and profitability.
Threats
- LTC Properties Inc also faces certain threats that could impact its business. One significant threat is the potential for changes in healthcare regulations or policies, which could negatively affect reimbursement rates or impose additional compliance burdens on healthcare operators. These changes can impact the financial stability of tenants and, subsequently, LTC Properties Inc's rental revenues.
- Moreover, competition within the real estate industry, particularly in the healthcare sector, poses a threat to LTC Properties Inc. Other companies may also recognize the value of investing in long-term care facilities, leading to increased competition for property acquisitions and tenant agreements.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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