LTC Properties Reports Q4 Earnings; Net Income Declines

LTC Properties, Inc. reported a Q4 net income of $17.91 million, down from $28.06 million last year. As net income dropped, stock prices may face pressure. Despite revenue growth, the decline in EPS shows potential concerns for investors.

Date: 25-02-2025

AI Rating: 5

Net Income and Earnings Per Share (EPS)
LTC Properties reported a fourth-quarter net income of $17.91 million, which translates to an EPS of $0.39. This reflects a decrease from $28.06 million or $0.67 per share last year, indicating a significant drop in profitability that could concern investors.

Revenue Growth
The company's revenues increased to $52.58 million from $50.20 million year-over-year. This growth is a positive sign and shows that the company is able to expand its top line, which can support its overall valuation.

Nareit Funds from Operations (FFO)
While the FFO for the quarter rose to $32.96 million or $0.72 per share, an increase compared to $23.90 million or $0.57 per share last year, the FFO per share slightly decreased to $0.65 from $0.66. This indicates that while the company is generating more FFO in total, the value on a per-share basis has not significantly improved.

This combination of increased revenues but decreased EPS and FFO per share could lead to mixed reactions in the market. Investors may be encouraged by the revenue growth but may also be concerned about declining profitability, affecting stock valuations.

Stocks: LTC