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LTC Properties Q2 Earnings Call Highlights
['Stacy Sanders']
Daily Political
The company continues to expect midpoint pro forma growth of 14% in the core SHOP portfolio compared with 2025.
During the second quarter, LTC sold 4.1 million common shares through its ATM program, generating $155 million in net proceeds to pre-fund SHOP acquisitions.
The forecast incorporates the $900 million SHOP acquisition midpoint, expected total SHOP NOI of $71 million to $80 million, approximately $4 million of FAD capital expenditures, and $730 million of asset-sale and loan-payoff proceeds.
About LTC Properties (NYSE:LTC)LTC Properties, Inc (NYSE: LTC) is a real estate investment trust that specializes in financing and investing in long-term health care properties.
Since its founding in 1992, LTC Properties has built a diversified portfolio of properties located across the United States.