Every material Form 8-K LTC Properties filed with the SEC in 2025, 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.
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.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every LTC Properties filing is on SEC EDGAR ↗. 8-K briefs of other companies →