LTC Properties, Inc. (LTC) Stock Analysis
Real Estate · REIT - Healthcare Facilities · NYSE
LTC Properties, Inc. (LTC) posted $262.85M in revenue for fiscal 2025 (up 25.3% year over year), at a 44.6% net margin, and has compounded revenue about 10.5%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on LTC Properties, Inc.
LTC Properties, Inc. has grown revenue from $161.58M to $262.85M over the last 10 fiscal years, compounding about 10.5% a year. The most recent year was up 25.3%, so growth is actually accelerating.
Net margin sits at 44.6%, up 1.5 points year over year. It carries about $842.18M of total debt.
At today's valuation the market is pricing in roughly 3.6% annual free-cash-flow growth — versus the 3.3% it actually delivered over the last five years, broadly in line with what it has delivered. The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from LTC Properties, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
LTC Properties, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $161.58M | $168.06M | $168.65M | $185.30M | $159.34M | $155.32M | $175.15M | $197.24M | $209.85M | $262.85M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $85.11M | $87.34M | $154.98M | $80.53M | $95.29M | $55.86M | $99.44M | $89.15M | $90.36M | $117.28M |
| Net margin | 52.7% | 52.0% | 91.9% | 43.5% | 59.8% | 36.0% | 56.8% | 45.2% | 43.1% | 44.6% |
Source: LTC Properties, Inc. SEC filings (10-K). 17 years of history available in the interactive view.
LTC Properties, Inc.: 3 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 23.1% over 4 years (39.4M → 48.5M) — existing holders' stakes are being diluted.
- Heavy debt loadTotal debt of $842.2M is 6.2× last year's operating cash flow — it would take years of cash flow to clear.
- Net margin shrinkingNet margin fell from 56.8% to 44.6% over ~3 years — profitability is compressing.
What growth is priced into LTC stock?
At today's market cap of $1.91B, LTC Properties, Inc. is priced for free-cash-flow growth of about 3.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $128.71M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 3.3%/yr over the last five fiscal years and revenue 10.5%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of LTC Properties, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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LTC Properties, Inc. financial history by metric
Compare LTC Properties, Inc. with peers
About LTC Properties, Inc.
LTC Properties, Inc. is a real estate investment trust (REIT) focused on seniors housing and health care properties, principally investing through SHOP, as well as triple-net leases, and joint ventures. The Company's portfolio includes nearly 190 properties throughout the United States. Based on gross real estate investments, approximately 64% of the Company's assets are seniors housing communities with the remainder skilled nursing centers. LTC Properties, Inc. was incorporated in 1992 and is based in Westlake Village, United States.
LTC Properties, Inc. — frequently asked questions
What is LTC Properties, Inc.'s revenue?
LTC Properties, Inc. (LTC) reported revenue of $262.85M for fiscal year 2025, up 25.3% from the prior year, according to its SEC filings.
Is LTC Properties, Inc. profitable?
Yes. LTC earned net income of $117.28M in fiscal 2025, a net margin of 44.6%.
What is LTC's P/E ratio?
LTC Properties, Inc. trades at a price-to-earnings ratio of about 14.6 based on the latest data in our nightly-refreshed cache.
How fast is LTC Properties, Inc. growing?
LTC's revenue grew at roughly 10.5% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does LTC Properties, Inc. have?
As of fiscal year 2025, LTC carried roughly $842.18M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is LTC Properties, Inc.'s market cap?
LTC Properties, Inc. (LTC) has a market capitalization of about $1.91B, based on the latest data in our nightly-refreshed cache.
When does LTC Properties, Inc.'s fiscal year end?
LTC's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into LTC stock?
At today's market cap of $1.91B, LTC Properties, Inc. is priced for free-cash-flow growth of about 3.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $128.71M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 3.3%/yr over the last five fiscal years and revenue 10.5%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from LTC Properties, Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.