LTC Properties (LTC) Lags Q1 FFO and Revenue Estimates

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 $0.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -1.52%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.65 per share when it actually produced FFO of $0.72, delivering a surprise of 10.77%.Over the last four quar ...