LTC Properties Reports Q3 2026 Earnings Growth Driven by Seniors Housing Portfolio
LTC Properties (LTC) reported third-quarter 2026 results characterized by significant revenue growth, reaching $115.2 million compared to $69.3 million in the prior year period. This increase was primarily fueled by acquisitions and conversions within its Seniors Housing Operating Portfolio (SHOP), alongside lease termination fees from asset sales. Diluted Core FFO rose to $0.71 per share, up from $0.69 per share. The company is aggressively pivoting its strategy toward the SHOP segment, which now accounts for 45% of annualized net operating income. Management increased its 2026 SHOP investment guidance by $100 million to a midpoint of $1 billion and set a long-term target for SHOP to represent 75% of net operating income by the end of 2028. Despite some narrowing in NOI guidance due to Medicaid rate decreases, the company maintains a stable leverage ratio of 4.4x.
Tickers: $LTC
Topics: earnings report FFO guidance update revenue growth seniors housing
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