SUPPLEMENTAL OPERATING AND FINANCIAL DATA RENEWAL AND TRANSITION THIRD QUARTER 2024 PORTFOLIO Overview 9 Diversification Operators Founded in 1992, LTC Properties, Inc. (NYSE: LTC) is a self-administered real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leaseback transactions, mortgage financing and structured finance solutions including preferred equity and mezzanine lending. LTC's portfolio encompasses Skilled Nursing Facilities (SNF), Assis ...

分组1 - LTC Properties reported quarterly funds from operations (FFO) of $0.78 per share, exceeding the Zacks Consensus Estimate of $0.71 per share, and up from $0.65 per share a year ago, representing an FFO surprise of 9.86% [1] - The company posted revenues of $32.26 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 7.78%, compared to year-ago revenues of $31.59 million [2] - LTC shares have increased approximately 10.5% since the beginning of the year, while the S&P 500 has gained 21.8% [3] 分组2 - The current consensus FFO estimate for the coming quarter is $0.66 on revenues of $32.9 million, and for the current fiscal year, it is $2.74 on revenues of $132.28 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the top 25% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Financial Performance - Net income for the quarter ended September 30, 2024, was $75,289,000, an increase from $22,627,000 in the same quarter of the previous year[153]. - The company reported an adjusted EBITDA of $122,023,000 for the quarter ended September 30, 2024, compared to $39,930,000 for the same quarter last year[153]. - GAAP net income available to common stockholders for Q3 2024 was $29,165,000, compared to $22,050,000 in Q3 2023, representing a 32.3% increase[171]. - Net income attributable to LTC Properties, Inc. for the three months ended September 30, 2024, was $29,366, an increase of $7,169 compared to $22,197 for the same period in 2023, reflecting a growth of approximately 32.3%[162]. - Total revenues for the three months ended September 30, 2024, reached $55,783, up $6,480 from $49,303 in the same period of 2023, indicating a growth of approximately 13.1%[162]. - Funds from Operations (FFO) available to common stockholders for the nine months ended September 30, 2024, was $72,446, an increase of $11,381 compared to $61,065 for the same period in 2023, representing a growth of approximately 18.6%[165]. - Interest income from financing receivables for the nine months ended September 30, 2024, was $14,661, an increase of $3,248 compared to $11,413 for the same period in 2023, indicating a growth of approximately 28.4%[164]. - The company experienced an impairment loss of $12,510 during the nine months ended September 30, 2024, which was a significant factor affecting overall financial performance[164]. Revenue Sources - Rental income, income from financing receivables, and interest income from mortgage loans accounted for 62.0%, 9.3%, and 22.8% of total revenues for the nine months ended September 30, 2024, respectively[113]. - As of September 30, 2024, the company’s total rental revenue was $135.2 million, which represents 100% of total revenues for the period[111]. - Interest income from financing receivables for the nine months ended September 30, 2024, was $14.7 million, with $11.7 million received in cash[119]. - Interest income from mortgage loans for the same period was $35.8 million, including $32.7 million received in cash[120]. Investment Portfolio - As of September 30, 2024, the company had a net carrying value of investments totaling $1.7 billion, with $942.3 million (54.2%) in owned and leased properties, $357.9 million (20.6%) in financing receivables, and $360.8 million (20.7%) in mortgage loans[112]. - The company’s gross investments in owned properties amounted to $1.34 billion, representing 62.6% of the total investment portfolio, with assisted living properties contributing $732.1 million (34.1%) and skilled nursing properties contributing $598.1 million (27.9%) to the total[111]. - The company operates 124 owned properties, including 73 assisted living facilities and 50 skilled nursing centers, with a total of 9,360 beds and 7,419 units across its portfolio[111]. - Financing receivables totaled $361.5 million, representing 16.8% of the company's total investments, with assisted living contributing $284.9 million (13.3%) and skilled nursing contributing $76.6 million (3.5%) to this category[111]. - The company’s investment strategy focuses on diversifying its portfolio by geographic location, operator, property classification, and form of investment[104]. Debt and Liquidity - The debt to gross asset value ratio improved to 34.5% as of September 30, 2024, down from 42.1% a year earlier[152]. - The interest coverage ratio was reported at 3.8x for the quarter ended September 30, 2024, compared to 3.2x for the same quarter last year[153]. - Total liquidity as of September 30, 2024, was $229,448,000, including cash and cash equivalents of $35,040,000[172]. - The outstanding balance of the revolving line of credit was $240,150,000 as of September 30, 2024, with $184,850,000 available for borrowing[187]. - The company repaid $93,800,000 under its unsecured revolving line of credit after September 30, 2024, reducing the outstanding balance to $146,350,000[187]. Regulatory Environment - Future regulatory changes in Medicare and Medicaid could adversely affect the financial condition of the company's borrowers and lessees[145]. - CMS estimated a net increase of 4.2%, or approximately $1.4 billion, in Medicare Part A payments to SNFs for fiscal year 2025[141]. - The final rule from CMS includes a total nurse staffing standard of 3.48 hours per resident day, which must include at least 0.55 hours of direct registered nurse care[142]. Shareholder Returns - The company declared and paid $74.7 million in cash dividends during the nine months ended September 30, 2024[189]. - Subsequent to September 30, 2024, the company declared a monthly cash dividend of $0.19 per share for October, November, and December 2024[190]. - The company sold 1,886,900 shares of common stock for $65.6 million in net proceeds during the nine months ended September 30, 2024, with $9.6 million available under the Equity Distribution Agreements as of that date[191]. - Subsequent to September 30, 2024, the company sold an additional 226,370 shares for $7.9 million in net proceeds, leaving $1.5 million available under the Equity Distribution Agreements[191]. Strategic Initiatives - The company plans to make additional investments in healthcare-related properties, funded through cash on hand, asset sales, and internally generated cash flows[108]. - The company continues to monitor economic factors and develop strategic plans to improve performance and maximize competitive position in the market[160]. - The company has structured its investments to mitigate payment risk, utilizing credit enhancements such as guarantees and letters of credit[107]. Joint Ventures and Acquisitions - A joint venture with ALG Senior Living was formed, exchanging a $64.5 million mortgage loan receivable for a 53% controlling interest[122]. - The company entered into a newly formed $122,460 joint venture with ALG, exchanging a $64,450 mortgage loan receivable for a 53% controlling interest[134]. - Brookdale acquired a parcel of land in Kansas for $0.3 million, resulting in an 8.0% rent increase on the total investment[131]. Market Conditions - The operator mix indicates that the top five operators accounted for a significant portion of the company's investments, with ALG Senior at $307,308,000 as of September 30, 2024[149]. - The geographic mix shows Texas as the leading state with investments totaling $323,737,000 as of September 30, 2024[149]. - There were no material changes in the company's market risk during the nine months ended September 30, 2024[197].

Exhibit 99.1 FOR IMMEDIATE RELEASE For more information contact: Mandi Hogan (805) 981-8655 LTC REPORTS 2024 THIRD QUARTER RESULTS -- Company Significantly Improves Liquidity through Balance Sheet De-levering -- WESTLAKE VILLAGE, CALIFORNIA, October 28, 2024 -- LTC Properties, Inc. (NYSE: LTC) ("LTC" or the "Company"), a real estate investment trust that primarily invests in seniors housing and health care properties, today announced operating results for the third quarter ended September 30, 2024. | --- | ...

Group 1: United Parcel Service (UPS) - UPS is one of the largest logistics companies globally, providing services in over 200 countries and territories [2] - The company experienced a 1.1% drop in consolidated revenues and a 30.1% decline in consolidated operating profit in Q2 2023 compared to the previous year [3] - Despite recent challenges, UPS returned to volume growth in the U.S. for the first time in nine quarters, indicating a potential turning point [4] - UPS is acquiring Estafeta, a leading Mexican express delivery company, which is expected to enhance its business as Mexico's role in global trade increases [5] - The company offers a dividend yield of 4.8% and has consistently maintained or increased its dividend since going public in 1999 [5] Group 2: LTC Properties Inc. - LTC Properties is a real estate investment trust (REIT) focused on senior housing and healthcare properties, maintaining monthly dividends throughout the COVID-19 pandemic [6][7] - The company has a strong track record with 233 consecutive monthly dividend payments and a conservative balance sheet [7] - The aging U.S. population presents significant growth opportunities, with over 4.1 million Americans turning 65 each year through 2027, increasing demand for LTC Properties [8] - The adult population aged 85 or older is projected to reach 11 million by 2035 and 17 million by 2050, further driving demand for senior housing and skilled nursing properties [8] - LTC Properties offers a dividend yield of 6.2%, making it an attractive income investment [9]

LTC Properties (LTC) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual investors often ...

LTC Properties, Inc. (NYSE:LTC) Q2 2024 Earnings Call July 30, 2024 11:00 AM ET Company Participants Wendy Simpson - President and Chief Executive Officer Clint Malin - Co-President and Chief Investment Officer Pam Kessler - Co-President and Chief Financial Officer Conference Call Participants Juan Sanabria - BMO Capital Markets Austin Wurschmidt - KeyBanc Capital Markets Rich Anderson - Wedbush Michael Carroll - RBC Capital Markets Operator Good day and welcome to the LTC Properties, Inc. Second Quarter 20 ...

LTC Properties (LTC) came out with quarterly funds from operations (FFO) of $0.65 per share, missing the Zacks Consensus Estimate of $0.66 per share. This compares to FFO of $0.66 per share a year ago. These figures are adjusted for non-recurring items. LTC, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $31.66 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 6.67%. This compares to year-ago revenues of $31.54 million. The company has to ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from ____ to ____ Commission file number 1-11314 LTC PROPERTIES, INC. (Exact name of Registrant as specified in its charter) (State or other juris ...

Exhibit 99.1 FOR IMMEDIATE RELEASE For more information contact: Mandi Hogan (805) 981-8655 LTC REPORTS 2024 SECOND QUARTER RESULTS WESTLAKE VILLAGE, CALIFORNIA, July 29, 2024 -- LTC Properties, Inc. (NYSE: LTC) ("LTC" or the "Company"), a real estate investment trust that primarily invests in seniors housing and health care properties, today announced operating results for the second quarter ended June 30, 2024. | | | | Three Months Ended | | | --- | --- | --- | --- | --- | | | | | June 30, | | | (unaudite ...