Every material Form 8-K LTC Properties has filed with the SEC since November 13, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
LTC Properties reported third quarter 2026 results, with total revenues of $115.2 million, up from $69.3 million a year earlier, and diluted Core FFO per share of $0.71, up from $0.69. Net income available to common stockholders was $346.4 million, or $6.39 per diluted share, compared with a loss a year earlier, largely due to a $323.9 million gain on sale of real estate. The company raised its 2026 SHOP investment mid-point guidance to $1 billion from $900 million and reaffirmed its full-year per-share guidance.
Total revenues were $115.2 million for the quarter ended September 30, 2026, versus $69.3 million in the prior-year quarter.
Diluted Core FFO per share was $0.71, versus $0.69 a year earlier; diluted Core FAD per share was $0.73, versus $0.72.
A $323.9 million gain on sale of real estate contributed to net income available to common stockholders of $346.4 million, or $6.39 per diluted share.
The 2026 SHOP investment mid-point guidance was raised to $1 billion from $900 million, while full-year diluted EPS guidance of $8.08 to $8.10 was reaffirmed.
On September 22, 2026, LTC's board increased its size from six to eight members and elected Co-Presidents and Co-CEOs Pamela J. Shelley-Kessler and Clint B. Malin to the new seats. Both will continue in their executive roles, and the filing reports no changes to their compensation from the board election. The move puts two senior executives on the board, and the press release says five of the eight directors are independent.
Board size rose from six to eight; both directors were elected effective September 22, 2026.
Shelley-Kessler, age 60, was CFO from 2007 through December 2024; Malin, age 54, was Chief Investment Officer through April 2025.
Neither director has been appointed to a board committee, and no compensation changes were disclosed.
The press release states five of the eight directors are independent.
LTC Properties entered into a new equity distribution agreement allowing it to sell up to $500 million of common stock at its option, through sales agents and forward sale agreements. The filing says the company terminated its prior at-the-market program, under which about $90 million remained unsold, to enter into the new agreement.
Up to $500 million of common stock may be issued and sold from time to time, at the company's option, under the agreement dated August 6, 2026.
The agreement replaces an original program dated November 13, 2024, as amended August 5, 2025, which allowed up to $400 million; about $90 million remained unsold when it was terminated.
Sales agent commissions will not exceed 2.0% of the gross sales price of shares sold through the agents.
Net proceeds may be used to pay down the unsecured revolving line of credit, fund acquisitions and originations, or for working capital and other general corporate purposes.
LTC Properties reported second-quarter 2026 revenue of $98.9 million, up from $60.2 million a year earlier, and net income available to common stockholders of $29.5 million, or $0.56 per diluted share, versus $0.32 a year earlier. The company raised its full-year 2026 diluted EPS guidance to $8.08 to $8.10 and lifted its 2026 investment guidance mid-point to $900 million, while keeping its Core FFO per share mid-point unchanged.
Q2 2026 total revenues $98.9 million vs. $60.2 million in Q2 2025; diluted EPS $0.56 vs. $0.32
Diluted Core FFO per share $0.68 in both quarters; diluted Core FAD per share $0.70 vs. $0.71
2026 diluted EPS guidance raised to $8.08 to $8.10, reflecting anticipated gains on planned dispositions; total 2026 dispositions and payoffs now projected at $730 million
Full-year 2026 Core FFO per share guidance narrowed to $2.76 to $2.78 with mid-point unchanged
LTC Properties entered into a Second Amendment to its Credit Agreement on June 26, 2026, increasing aggregate lender commitments from $800 million to $1.1 billion, with revolving commitments rising from $600 million to $900 million. The company also entered into 3-year interest rate swaps to fix the rate on $150 million of borrowings at 4.97% per annum, giving it more borrowing capacity and a set rate on part of its debt.
Aggregate lender commitments increased from $800 million to $1.1 billion on June 26, 2026, via the incremental facility.
Revolving credit commitments rose by $300 million, from $600 million to $900 million.
Maximum permitted total commitments were raised from up to $1.2 billion to up to $2.0 billion.
3-year interest rate swaps fix the rate on $150 million under the Credit Agreement at 4.97% per annum.
LTC Properties reported first quarter 2026 results, with total revenues of $95.4 million, up from $49.0 million a year earlier, and diluted earnings per share of $0.48 versus $0.45. The company reaffirmed its full year 2026 guidance, including diluted earnings per share of $1.80 to $1.84 and diluted Core FFO per share of $2.75 to $2.79.
Total revenues $95.4 million in Q1 2026 vs. $49.0 million in Q1 2025; resident fees and services from the SHOP segment were $49.6 million.
Diluted earnings per share $0.48 vs. $0.45; diluted Core FFO per share $0.69 vs. $0.65.
Full year 2026 guidance reaffirmed: diluted EPS $1.80 to $1.84; diluted Core FFO per share $2.75 to $2.79.
Conference call scheduled for May 7, 2026 at 8:00 a.m. Pacific / 11:00 a.m. Eastern.
LTC Properties reported fourth-quarter 2025 total revenues of $84.3 million, up from $52.6 million a year earlier, as it shifted its portfolio toward its SHOP senior housing segment. Diluted earnings per share were $2.11 versus $0.39, helped by a $78.1 million gain on sale of real estate, while diluted Core FFO per share rose to $0.70 from $0.65. The company also introduced 2026 guidance, including full-year diluted Core FFO per share of $2.75 to $2.79.
Q4 2025 total revenues were $84.3 million, compared with $52.6 million in Q4 2024.
Diluted EPS was $2.11, compared with $0.39, including a $78.1 million gain on sale of real estate.
Diluted Core FFO per share was $0.70, compared with $0.65; diluted Nareit FFO per share was flat at $0.72.
2026 guidance: full-year diluted Core FFO per share of $2.75 to $2.79; first-quarter diluted Core FFO per share of $0.66 to $0.68.
On December 12, 2025, LTC Properties entered into a First Amendment to its Credit Agreement, increasing lender commitments from $600 million to $800 million and adding four term loans totaling $200 million. LTC also entered into interest rate swaps to fix the rates on those term loans, which adds a larger committed debt facility with set borrowing costs for the company.
Aggregate lender commitments increase from $600 million to $800 million under the Credit Agreement.
Four new term loans total $200 million: $50 million due 2028, $55 million due 2029, $55 million due 2030 and $40 million due 2032.
Interest rate swaps fix rates on the 2028, 2029, 2030 and 2032 term loans at 4.61%, 4.65%, 4.70% and 5.22% per annum, respectively.
Other material terms of the Credit Agreement remain unchanged, according to the filing.
LTC Properties reported a third-quarter 2025 net loss available to common stockholders of $20.1 million, or $0.44 per diluted share, compared with net income of $29.2 million, or $0.66 per diluted share, a year earlier. The loss reflects a $41.5 million non-cash write-off of straight-line effective interest tied to a penalty-free prepayment option granted to a borrower, while total revenues rose to $69.3 million from $55.8 million and diluted Core FFO per share was $0.69 versus $0.68. The company raised its full-year 2025 guidance, which now includes diluted earnings per share of $2.45 to $2.47.
Q3 2025 total revenues were $69.3 million, up from $55.8 million in Q3 2024.
Net loss available to common stockholders was $20.1 million, or $0.44 per diluted share, including a $41.5 million non-cash write-off.
Diluted Core FFO per share was $0.69 for Q3 2025, compared with $0.68 a year earlier.
Full-year 2025 guidance raised: diluted EPS $2.45 to $2.47 and diluted Core FFO per share $2.69 to $2.71.
LTC Properties completed the acquisition of five seniors housing communities totaling 520 units in Wisconsin on September 29, 2025, for an aggregate purchase price of $195 million paid at closing. The company funded the deal with its line of credit, loan payoff proceeds and sales of common stock under its ATM program, which adds properties to its portfolio while using a mix of debt capacity, cash from repayments and equity issuance.
Acquired five seniors housing communities totaling 520 units in Wisconsin from local developers
Aggregate purchase price paid at closing was $195 million
Funded through the line of credit, proceeds from loan payoffs and common stock sales under the ATM program
Transaction closed September 29, 2025; disclosed in filing dated October 3, 2025
LTC Properties reported second-quarter 2025 revenue of $60.2 million, up from $50.1 million a year earlier, mainly from converting Anthem and New Perspective triple-net properties into its SHOP senior housing portfolio. Net income available to common stockholders fell to $14.9 million, or $0.32 per diluted share, from $19.2 million, or $0.44, due to higher transaction costs and general and administrative expenses. The company raised 2025 guidance to reflect $400.0 million of completed and anticipated near-term investments.
Q2 2025 total revenues were $60.2 million, compared with $50.1 million in Q2 2024.
Diluted earnings per share were $0.32, compared with $0.44; diluted Core FFO per share was $0.68, compared with $0.67.
2025 GAAP net income guidance rose to $3.45 to $3.48 per share, from $3.38 to $3.42.
Diluted Core FFO guidance rose to $2.67 to $2.71 per share, from $2.65 to $2.69.
LTC Properties entered a new unsecured Credit Agreement on July 21, 2025, to refinance its prior credit agreement from November 19, 2021, with a $600.0 million initial revolving commitment and a maturity of July 21, 2029. The company had $275.6 million outstanding under the new facility as of that date, and the prior term loans were repaid in full.
Initial revolving commitments of $600.0 million; accordion allows up to $1.2 billion total commitment including a $600.0 million increase or new term loan
Matures July 21, 2029, with a one-year extension option for the revolver at LTC's discretion
$275.6 million outstanding at a variable rate of SOFR plus 110 basis points; $100.0 million of borrowings fixed via swaps at 2.27% and 2.41%
LTC Properties reported first-quarter 2025 results, with total revenues of $49.0 million, down from $51.4 million a year earlier, and net income available to common stockholders of $20.5 million, down from $24.1 million. The company also issued full-year 2025 guidance, including GAAP net income of $3.38 to $3.42 per share and diluted Core FFO of $2.65 to $2.69 per share, which shareholders can compare against future results.
Total revenues were $49.0 million versus $51.4 million, and net income available to common stockholders was $20.5 million versus $24.1 million, for the quarter ended March 31, 2025.
Diluted earnings per share were $0.45 versus $0.56; NAREIT diluted FFO per share was $0.65 versus $0.69; diluted Core FFO per share was $0.65 versus $0.64.
2025 full-year guidance: GAAP net income of $3.38 to $3.42 per share, diluted Core FFO of $2.65 to $2.69 per share, and diluted Core FAD of $2.78 to $2.82 per share.
After quarter end, 12 properties under Anthem's triple-net leases were transitioned into the new SHOP portfolio, with a combined gross book value of $176.1 million.
LTC Properties reported fourth-quarter 2024 results with total revenues of $52.6 million, up from $50.2 million a year earlier. Net income available to common stockholders fell to $17.9 million from $28.1 million, and diluted EPS dropped to $0.39 from $0.67, while diluted NAREIT FFO per share rose to $0.72 from $0.57.
Total revenues were $52.6 million versus $50.2 million, including a one-time additional straight-line rental income of $3.2 million.
Diluted EPS was $0.39 versus $0.67; net income available to common stockholders was $17.9 million versus $28.1 million.
Diluted FFO per share, excluding non-recurring items, was $0.65 versus $0.66; the company cited a $7.0 million impairment loss in the quarter.
The company said initial RIDEA transactions are expected in the second quarter, and it will hold a conference call on February 25, 2025.
LTC Properties said Wendy Simpson, its CEO since 2007, will become Executive Chairman, and Pam Shelley-Kessler and Clint Malin will become Co-Chief Executive Officers, effective December 31, 2024. Cece Chikhale will become Chief Financial Officer and Corporate Secretary on the same date. The company described the changes as part of its succession plan, and the filing states no changes to the executives' compensation arrangements.
Wendy Simpson, 75, moves from CEO to Executive Chairman effective December 31, 2024; she has been CEO since 2007 and Chairman since 2013.
Pam Shelley-Kessler, 58, and Clint Malin, 52, become Co-Chief Executive Officers effective December 31, 2024, and continue as Co-Presidents.
Cece Chikhale, 48, becomes Chief Financial Officer and Corporate Secretary effective December 31, 2024, and continues as Treasurer.
Clint Malin will keep the Chief Investment Officer role until a successor is named; the company is searching for a new Chief Investment Officer.
LTC Properties entered into a new equity distribution agreement allowing it to sell up to $400 million of common stock through sales agents and forward sale agreements. The company also terminated its earlier at-the-market program, which had a $200 million capacity and about $1.5 million of unsold shares, to move to the new agreement.
New agreement covers up to $400 million in aggregate offering price of common stock, dated November 13, 2024.
Sales agents may be paid commissions of up to 2.0% of gross sales price.
Proceeds are intended to pay down the unsecured revolving line of credit, fund acquisitions and originations, and for working capital and general corporate purposes.
Terminated agreements dated March 1, 2019 and November 19, 2021 had about $1.5 million of shares unsold at termination.
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