AI Earnings Predictions for LTC Properties Inc. (LTC)

EX-99.1

2 ltc-ex99d1.htm

EX-99.1

Exhibit 99.1

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-8655

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FOR IMMEDIATE RELEASE

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For more information contact:

Eric Clark

(805) 981-8655

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LTC REPORTS 2026 THIRD QUARTER RESULTS AS SHOP MOMENTUM CONTINUES

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– Year-to-Date SHOP Acquisitions of Nearly $950 Million Surpass Previously Disclosed Mid-Point Target –

– SHOP Now Represents 45% of Company’s Annualized Net Operating Income –

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WESTLAKE VILLAGE, CALIFORNIA, November 3, 2026 -- LTC Properties, Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust specializing in seniors housing and health care properties, today announced operating results for the third quarter ended September 30, 2026.

“Our SHOP strategy is delivering and reshaping LTC’s future by transforming our portfolio, building a scalable operating platform, and strengthening our ability to capitalize on new growth opportunities,” said Clint Malin, LTC’s Co-CEO. “SHOP acquisitions have reached nearly $950 million through October, surpassing our 2026 mid-point acquisition target, increasing our earnings power, and extending our runway for growth. As SHOP contributes a greater share of net operating income, we are creating meaningful long-term value for shareholders, and remain confident in our ability to further differentiate LTC as a growth-oriented seniors housing REIT.”

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Third Quarter Financial Results

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Three Months Ended

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September 30,

(unaudited, amounts in thousands, except per share data)

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2026

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2025

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Total revenues

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$

115,246

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$

69,290

Net income available to common stockholders

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$

346,374

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$

(20,149)

Number of outstanding shares of common stock

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54,820

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47,333

Diluted earnings per common share

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$

6.39

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(0.44)

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Nareit funds from operations available to common stockholders ("FFO") (1)

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$

40,069

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(10,424)

Nareit diluted FFO per common share (1)

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$

0.74

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$

(0.23)

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FFO available to common stockholders, excluding non-core adjustments ("Core FFO") (1)

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$

38,653

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$

31,994

Diluted Core FFO per share (1)

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$

0.71

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$

0.69

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Funds available for distribution ("FAD") (1)

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$

40,900

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$

35,720

Diluted FAD per share (1)

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$

0.75

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$

0.77

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FAD, excluding non-core adjustments ("Core FAD") (1)

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$

39,484

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$

33,609

Diluted Core FAD per share (1)

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$

0.73

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$

0.72

(1)Represents non-GAAP financial measures. A reconciliation of these measures is included in the tables at the end of this press release.

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1

Summary of Financial Results:

●Total revenues: Increased $46 million primarily due to SHOP acquisitions and conversions, a lease termination fee received in the 2026 third quarter related to the sale of the leased properties, the turnaround effect of a prior year non-cash write off of straight-line effective interest, an increase in interest income from loan originations and construction funding, and higher rent from market-based rent resets and escalations. This increase was offset by decreases from asset sales and loan payoffs.

●Net income available to common stockholders: Increased $367 million primarily due to an increase in gain on sale, the turnaround effect of a prior year non-cash write off of straight-line effective interest as noted above, an increase in SHOP NOI, the lease termination fee discussed above, increases in interest income and rental income, as noted above, partially offset by an increase in depreciation and amortization and interest expenses, a 2026 third quarter impairment charge, and decreases from asset sales and loan payoffs.

●Diluted Core FFO per share: Increased $0.02 primarily due to higher income from SHOP acquisitions, an increase in interest income from loan originations and additional loan funding, and higher rental income from market-based rent resets, partially offset by lower revenue from asset sales and loan payoffs, and an increase in interest expense.

●Diluted Core FAD per share: Increased $0.01 primarily due to the same factors described above, and higher rental income from rent escalations, partially offset by recurring capital expenditures related to the Company’s SHOP assets.

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Seniors Housing Operating Portfolio (“SHOP”) as of November 3, 2026

Since launching its SHOP platform in May 2025, LTC has grown the portfolio to 50 communities managed by 14 operators, 12 of which are new LTC relationships.

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●Annualized NOI contribution: 45%.

●Acquisitions: $1.3 billion.

●Percentage of gross investments: 53%.

●Average property vintage: 9 years.

●Markets: 60% located in primary markets as designated by the National Investment Center for Seniors Housing & Care (NIC).

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“When we introduced our SHOP platform, we envisioned creating a differentiated growth engine that would enhance LTC’s earnings profile, strengthen operator relationships, and posi

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