LTC Properties(US:LTC)2025-08-05 15:00Portfolio Overview - As of June 30, 2025, the company's gross investment totaled $2,109,864 thousand, diversified across 188 properties [28] - The triple-net portfolio ("NNN") comprises 108 properties with a gross investment of $1,154,836 thousand, representing 54.8% of the total investment [28] - The Seniors Housing Operating Portfolio ("SHOP") includes 13 properties, accounting for $174,847 thousand or 8.3% of the gross investment [28] - Mortgage loans represent $356,815 thousand or 16.9% of the gross investment [28] - Long-term investments, including the Owned Portfolio, Properties accounted for as Financing Receivables, and Long-Term Mortgage Loans (Prestige), constitute 92% of the company's Gross Investments [30] Financial Performance - The company's total debt stood at $696,457 thousand, with a weighted average interest rate of 4.3%, representing 30.4% of the total value [69] - Debt to Enterprise Value ratio is 29.4% [69] - Debt to Annualized Adjusted EBITDAre is 4.2x [69] - For the three months ended June 30, 2025, rental income was $30,177 thousand [91] - For the six months ended June 30, 2025, rental income was $61,621 thousand [91] Investment Activities - Approximately $320,000 thousand of investments are expected to close in the next 60 days, including a $60,000 thousand five-year mortgage loan and $260,000 thousand in SHOP investments [17] - The company purchased a 67-unit seniors housing community in CA for $35,200 thousand in July 2025 [16] Debt and Capital Structure - The company has a revolving line of credit with $168,550 thousand outstanding [69] - Subsequent to June 30, 2025, a new four-year unsecured credit agreement was entered into, increasing the aggregate commitment on the revolver from $425,000 thousand to $600,000 thousand [69]