Ltc Properties, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021 at 04:32 pm EDT
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LTC Properties, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was USD 40.280 million compared to USD 46.410 million a year ago. Operating income was USD 13.561 million compared to USD 63.491 million a year ago. Net income was USD 13.762 million compared to USD 63.633 million a year ago. Basic earnings per share from continuing operations was USD 0.35 compared to USD 1.6 a year ago.
LTC Properties, Inc. is a real estate investment trust (REIT). The Company invests in seniors housing and health care properties through sale-leasebacks, mortgage financing, joint ventures, construction financing and structured finance solutions including preferred equity, and mezzanine lending. It invests in various properties, including skilled nursing centers (SNF), which provides restorative, rehabilitative and nursing care; Assisted living facilities (ALF), which serves people who require assistance with activities of daily living; Independent living facilities (ILF), also known as retirement communities or senior apartments, offers a community and numerous levels of service, such as laundry, housekeeping, dining options/meal plans, exercise and wellness programs, transportation, social, cultural and recreational activities, on-site security, and others, and Memory care facilities (MC), offers specialized options for people with Alzheimerâs disease and other forms of dementia.