LTC Properties, Inc. (LTC) Financial Statements (2024 and earlier)

Company Profile

Business Address 2829 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,0265,53810,3796,4786,4014,393
Cash and cash equivalents7,0265,53810,3796,4786,4014,393
Total current assets:7,0265,53810,3796,4786,4014,393
Noncurrent Assets
Property, plant and equipment124,901123,338124,665124,665125,786120,203
Total noncurrent assets:124,901123,338124,665124,665125,786120,203
Other undisclosed assets1,726,3151,669,9801,521,0591,520,8221,446,0401,411,501
TOTAL ASSETS:1,858,2421,798,8561,656,1031,651,9651,578,2271,536,097
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities998,627934,241805,796826,796767,731793,498
Total liabilities:998,627934,241805,796826,796767,731793,498
Equity
Equity, attributable to parent, including:824,666838,823828,367803,250802,974734,186
Common stock413413412404404395
Additional paid in capital935,427933,370931,124899,921893,154857,558
Accumulated other comprehensive income8,5687,3578,7199,4456,1394,704
Retained earnings1,583,9681,577,7941,544,6601,526,7211,513,4311,459,048
Other undisclosed equity, attributable to parent(1,703,710)(1,680,111)(1,656,548)(1,633,241)(1,610,154)(1,587,519)
Equity, attributable to noncontrolling interest34,94925,79221,94021,9197,5228,413
Total equity:859,615864,615850,307825,169810,496742,599
TOTAL LIABILITIES AND EQUITY:1,858,2421,798,8561,656,1031,651,9651,578,2271,536,097

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues48,24649,50047,83943,50343,02440,787
Operating lease, lease income31,53731,73534,70731,58531,62830,324
Net investment income11,92611,24410,48810,37910,0979,636
Cost of revenue(14,499)(14,336)(14,272)(12,120)(11,542)(11,125)
Gross profit:33,74735,16433,56731,38331,48229,662
Operating expenses(27,821)(17,352)(15,767)(17,983)(15,462)(15,632)
Other undisclosed operating income (loss)30215,37321(387)38,094102
Operating income:6,22833,18517,82113,01354,11414,132
Interest and debt expense(11,312)(10,609)(8,830)(7,941)(7,523)(7,143)
Income (loss) from continuing operations before equity method investments, income taxes:(5,084)22,5768,9915,07246,5916,989
Income from equity method investments      375
Income (loss) from continuing operations:(5,084)22,5768,9915,07246,5917,364
Income before gain (loss) on sale of properties:5,07246,5917,364
Other undisclosed net income11,68810,9859,2078,3177,8997,143
Net income:6,60433,56118,19813,38954,49014,507
Net loss attributable to noncontrolling interest(430)(427)(259)(99)(107)(95)
Net income attributable to parent:6,17433,13417,93913,29054,38314,412
Undistributed earnings (loss) allocated to participating securities, basic  (58)31 (185) 
Other undisclosed net loss available to common stockholders, basic(146)(147)(130)(131)(133)(137)
Net income available to common stockholders, diluted:6,02832,92917,84013,15954,06514,275

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:6,60433,56118,19813,38954,49014,507
Other undisclosed comprehensive income (loss)1,211(1,362)(726)3,306  
Comprehensive income:7,81532,19917,47216,69554,49014,507
Comprehensive loss, net of tax, attributable to noncontrolling interest(430)(427)(259)(99)(107)(95)
Other undisclosed comprehensive income, net of tax, attributable to parent     1,5424,971
Comprehensive income, net of tax, attributable to parent:7,38531,77217,21316,59655,92519,383

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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