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LTC PROPERTIES INC

LTC PROPERTIES INC is an American real estate investment trust based in Westlake Village.2

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Last updated Oct 21, 2026.

Overview

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  • TickerLTC on NYSE2
  • IndustryReal Estate Investment Trusts2
  • HeadquartersWestlake Village, United States2
  • Incorporated inMD3
  • Business address3011 Townsgate Road, Suite 220, Westlake Village, Ca 913613
  • Filer categoryLarge accelerated filer3
  • Legal formStock Corporation2
  • LEI549300NRZP8IJG2KY6772
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O CSC-LAWYERS INCORPORATING SERVICE COMPANY, 21202 Baltimore, United States2
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D034307092

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LTC Properties, Inc., a real estate investment trust (“REIT”), was incorporated on May 12, 1992 in the State of Maryland and commenced operations on August 25, 1992. Historically we have invested primarily in seniors housing and health care properties primarily through ownership, sale-leasebacks, mortgage financing, joint ventures, construction financing and structured finance solutions including preferred equity, bridge and mezzanine lending.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

77.9%Operating margin6
44.9%Net margin6
25.3%Revenue growth, 20256
11.0%Return on equity6
0.78×Debt to equity6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Real Estate Investments Portfolio brought in 72% of the revenue LTC PROPERTIES INC broke down this way in fiscal 2025.

  1. Real Estate Investments Portfolio$188.8M672%down 8% from 2024
  2. Seniors Housing Operating Portfolio$72.1M628%
Business segments by year
Business segments202320242025
Real Estate Investments Portfolio$196.5M$204.4M$188.8M
Seniors Housing Operating Portfolio$72.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs55¢$144.7M
  • Income tax0¢$179.0K
  • Profit45¢$118.0M

Out of $262.9M in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid79¢$107.4M
  • Kept or used elsewhere21¢$28.6M

Out of $136.0M of cash from operations.6

Financial statements

Revenue789106$262.9M in 2025+42% since 2019
0$100.0M$200.0M$300.0M2019: $185.3M$185.3M20192020: $159.3M$159.3M2020−14%2021: $155.3M$155.3M2021−3%2022: $175.2M$175.2M2022+13%2023: $197.2M$197.2M2023+13%2024: $209.8M$209.8M2024+6%2025: $262.9M$262.9M2025+25%
Operating income789106$204.7M in 2025+150% since 2019
0$100.0M$200.0M$300.0M2019: $81.9M$81.9M20192020: $95.6M$95.6M2020+17%2021: $54.8M$54.8M2021−43%2022: $99.1M$99.1M2022+81%2023: $185.5M$185.5M2023+87%2024: $199.4M$199.4M2024+7%2025: $204.7M$204.7M2025+3%
Net income789106$118.0M in 2025+47% since 2019
0$50.0M$100.0M$150.0M2019: $80.5M$80.5M20192020: $95.3M$95.3M2020+18%2021: $55.9M$55.9M2021−41%2022: $100.0M$100.0M2022+79%2023: $89.7M$89.7M2023−10%2024: $91.0M$91.0M2024+1%2025: $118.0M$118.0M2025+30%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Rental income$116.2M$132.3M$127.3M
Resident fees and services$72.1M
Interest income from financing receivables$28.3M$21.7M$15.2M
Interest income from mortgage loans$39.0M$45.2M$47.7M
Interest and other income$7.2M$10.7M$6.9M
Total revenues$262.9M$209.8M$197.2M
Interest expense$35.3M$40.3M$47.0M
Depreciation and amortization$37.9M$36.4M$37.4M
Seniors housing operating expenses$54.1M
Impairment loss$0$7.0M$15.8M
Write-off of effective interest receivable$41.5M$0
Provision for credit losses$4.5M$741.0K$5.7M
Transaction costs$8.2M$819.0K$1.1M
Triple-net lease property tax expense$10.8M$12.9M$13.3M
General and administrative expenses$31.1M$27.2M$24.3M
Total expenses$223.4M$125.4M$144.6M
Income before unconsolidated joint ventures, real estate dispositions and other items$39.5M$84.5M$52.7M
Gain on sale of real estate, net$77.8M$8.0M$37.3M
Income from unconsolidated joint ventures$6.8M$2.4M$1.5M
Income tax provision-$179.0K$0$0
Net income$123.9M$94.9M$91.5M
Income allocated to non-controlling interests-$5.9M-$3.8M-$1.7M
Net income attributable to LTC Properties, Inc.$118.0M$91.0M$89.7M
Income allocated to participating securities-$696.0K-$682.0K-$587.0K
Net income available to common stockholders$117.3M$90.4M$89.1M
Basic (in dollars per share)$2.54$2.07$2.16
Diluted (in dollars per share)$2.52$2.04$2.16
Basic (in shares)46.2M shares43.7M shares41.3M shares
Diluted (in shares)46.6M shares44.2M shares41.4M shares

Compare LTC PROPERTIES INC with another company

Corporate structure

LTC PROPERTIES INC sits at the top of its group. 110 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of LTC PROPERTIES INC

  • LTC PROPERTIES INC Westlake Village, California, United States
    • 1595 Hopkinsville, LLC Subsidiary · Delaware, United States
    • 2200 Paducah Holdco, LLC Subsidiary · Delaware, United States
    • 2200 Paducah, LLC Subsidiary · Delaware, United States
    • Acworth 4461, LLC Subsidiary · Delaware, United States
    • Albuquerque Real Estate Investments, Inc. Subsidiary · Delaware, United States
    • Appleton 955, LLC Subsidiary · Delaware, United States
    • Appleton 957, LLC Subsidiary · Delaware, United States
    • Aurora 14055, LLC Subsidiary · Delaware, United States
    • Bakersfield-LTC, Inc. Subsidiary · Delaware, United States
    • Beaumont Real Estate Investments, LP Subsidiary · Texas, United States
    • Birch Bend II Owner's Association, Inc. Subsidiary · Kentucky, United States
    • Brentwood 6030, LLC Subsidiary · Delaware, United States
    • Broadway Real Estate Investments, Inc. Subsidiary · Delaware, United States
    • Burr Ridge 150, LLC Subsidiary · Delaware, United States
    • BV Holding-LTC, Inc. Subsidiary · Delaware, United States
    • Cedarburg W76 N629, LLC Subsidiary · Delaware, United States
    • Charlottesville 1250, LLC Subsidiary · Delaware, United States
    • Chatham Real Estate Investments, LLC Subsidiary · Delaware, United States
    • Coronado Corporation Subsidiary · Delaware, United States
    • CPP Investments, Inc. Subsidiary · Delaware, United States
    • Dacula 3581, LLC Subsidiary · Delaware, United States
    • Docena Real Estate Investments, LLC Subsidiary · Delaware, United States
    • DP Real Estate Investments, LLC Subsidiary · Delaware, United States
    • Florida-LTC, Inc. Subsidiary · Nevada, United States
    • Fort Atkinson 737, LLC Subsidiary · Delaware, United States
    • and 84 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What LTC PROPERTIES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$128.6M6 Dec 31, 2025$118.2M6 Dec 31, 2024+8.8%
Operating-lease assets (leased space)$2.6M6 Dec 31, 2025$2.7M6 Dec 31, 2024−5.9%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$1.2B6 Dec 31, 2025$925.8M6 Dec 31, 2024+29.8%
Real estate investments, at cost$1.6B6 Dec 31, 2025$47.7M10 Dec 31, 2024+3275.5%
Real estate accumulated depreciation$408.9M6 Dec 31, 2025$405.9M6 Dec 31, 2024+0.7%
Real estate properties1236 Dec 31, 202512310 Dec 31, 20240%
Units in real estate properties48010 Dec 31, 20242178 Dec 31, 2022+121.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$14.4M6 Dec 31, 2025$9.4M6 Dec 31, 2024+52.8%
Loans, net of allowance$25.6M6 Dec 31, 2025$47.2M6 Dec 31, 2024−45.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$6.5M6 Dec 31, 2025$7.2M6 Dec 31, 2024−9.6%
Accumulated amortization$1.8M6 Dec 31, 2025$1.1M6 Dec 31, 2024+63.1%
Finite-lived intangibles, net$22.8M6 Dec 31, 2025$11.5M10 Dec 31, 2024+98.6%

Properties, in its own words

Here and throughout this Annual Report on Form 10-K wherever we provide details of our properties’ bed/unit count, the number of beds/units applies to skilled nursing, assisted living, independent living, memory care and behavioral health care properties only. This number is based upon unit/bed counts shown on operating licenses provided to us by operators or units/beds as stipulated by lease/mortgage documents. These numbers often differ, usually not materially by property, from units/beds in operation at any point in time. The differences are caused by such things as operators converting a patient/resident room for alternative uses, such as offices or storage, or converting a multi-patient room/unit into a single patient room/unit. We monitor our properties on a routine basis through site visits and reviews of current licenses. In an instance where such change would cause a de-licensing of beds or in our management’s opinion impact the value of the property, we may take action against the operator to preserve the value of the property/collateral.

Investment Portfolio

The rest of Item 2

The following table provides additional information regarding the geographic diversification of our segment properties as of December 31, 2025 (dollar amounts in thousands):

SHOP Segment · Real Estate Investments Segment

No. of

No. of · No. of · Gross · No. of · Beds/ · Gross

Location · Properties · Units · Investments · Properties · Units · Investments

Alabama · — · — · — · 1 · 174 · 10,420

Arizona · — · — · — · 3 · 613 · 28,496

California · 2 · 133 · 48,743 · 4 · 351 · 95,163

Colorado · 4 · 228 · 41,801 · 8 · 429 · 61,497

Florida · — · — · — · 6 · 765 · 125,406

Georgia · 1 · 88 · 23,015 · 1 · 70 · 15,148

Illinois · 4 · 264 · 58,022 · 1 · 154 · 40,519

Kansas · 2 · 114 · 26,241 · 6 · 317 · 34,345

Kentucky · 2 · 158 · 39,763 · 2 · 286 · 48,716

Michigan · — · — · — · 24 · (1) · 2,817 · 293,954

Missouri · — · — · — · 3 · 253 · 52,952

Montana · — · — · — · 2 · 149 · 5,998

Nevada · — · — · — · 1 · 118 · 11,062

New Jersey · — · — · — · 3 · 166 · 59,059

New Mexico · — · — · — · 5 · 608 · 42,920

North Carolina · — · — · — · 33 · 1,473 · 303,391

Ohio · 1 · 60 · 15,024 · 8 · 723 · 126,090

Oklahoma · — · — · — · 4 · 155 · 9,052

Oregon · 1 · 186 · 33,139 · 4 · 571 · 24,178

South Carolina · — · — · — · 5 · 432 · 51,127

Tennessee · 1 · 100 · 31,334 · 2 · 141 · 5,275

Texas · — · — · — · 29 · 2,958 · 314,987

Wisconsin · 7 · 742 · 248,183 · 6 · 480 · 71,768

TOTAL · 25 · 2,073 · 565,265 · 161 · 14,203 · 1,831,523 · (2)

(1) · Includes three parcels of land held-for-use.

(2) · Excludes two working capital loans totaling $874.

The following chart represents the 10 states with the highest percentage of gross investment for our investment portfolio as of December 31, 2025:

Owned Real Properties-SHOP

During the second quarter of 2025, we began utilizing the RIDEA structure and established a SHOP segment. Following the establishment of our SHOP segment, we terminated triple-net master leases with three operators and converted the communities covered under the master leases into our SHOP segment. Additionally, we acquired 11 communities within our SHOP segment. As of December 31, 2025, our SHOP segment represented 23.6% of our gross portfolio investments and comprised of 25 seniors housing communities that are managed on our behalf by seven independent operators pursuant to separate management agreements.

The following table presents information related to our SHOP segment as of December 31, 2025 (dollar amounts in thousands):

(1) · Subsequent to December 31, 2025, we acquired three seniors housing communities within our SHOP segment for $108,000. The communities are located in Georgia with a total of 394 units. In conjunction with the acquisition, we entered into a management agreement with an existing operator. Additionally, we terminated a triple-net master lease and converted two seniors housing communities covered under the master lease to our SHOP segment. Upon conversion, we entered into a management agreement with an operator new to us. The communities have a total of 88 units and a gross book value of $25,981.

Owned Real Properties-Triple-Net Portfolio

Our Triple-Net Portfolio generally includes triple-net operating leases with an initial term of two to ten years. Each lease is a triple-net lease which requires the lessee to pay all taxes, insurance, maintenance and repairs, capital and non-capital expenditures and other costs necessary in the operations of the facilities. Many of the leases contain renewal options and provide for fixed minimum base rent during the initial and renewal periods. The majority of our leases contain provisions for specified annual increases over the rents of the prior year and that increase is generally computed in one of four ways depending on specific provisions of each lease:

(i) · a specified percentage increase over the prior year’s rent, generally between 2.0% and 2.5%;

(ii) · a calculation based on the Consumer Price Index or Medicare Market Basket Rate;

(iii) · a percentage of facility revenues in excess of base amounts; or

(iv) · specific dollar increases.

Our leases that contain fixed annual rental escalations and/or have annual rental escalations that are contingent upon changes in the Consumer Price Index or the Medicare Market Basket Rate, are generally recognized on a straight-line basis over the minimum lease period. Certain leases have annual rental escalations that are contingent upon changes in the gross operating revenues of the property. This revenue is not recognized until the appropriate contingencies have been resolved.

Item 2 of the 10-K filed Feb 24, 2026.5

Leadership

Who has led LTC PROPERTIES INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Andre C. Dimitriadis2006
  2. Wendy Simpson2007–2024
  3. Clint B. Malin2025–now
  4. Pamela Shelley-Kessler2025–now

Chair

  1. Andre C. Dimitriadis2006–2012
  2. Wendy Simpson2013–now

President

  1. Wendy Simpson2007–2020
  2. Clint B. Malin2021–now
  3. Pamela Shelley-Kessler2021–now

Chief financial officer

  1. Wendy Simpson2006
  2. Pamela Shelley-Kessler2007–2024
  3. Caroline Wong2025–now

Chief operating officer

  1. Wendy Simpson2006
2010201520202025
Board members and other officers (19)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 1595 Hopkinsville, LLC Delaware4
  • 2200 Paducah Holdco, LLC Delaware4
  • 2200 Paducah, LLC Delaware4
  • Acworth 4461, LLC Delaware4
  • Albuquerque Real Estate Investments, Inc. Delaware4
  • Appleton 955, LLC Delaware4
  • Appleton 957, LLC Delaware4
  • Aurora 14055, LLC Delaware4
  • BV Holding-LTC, Inc. Delaware4
  • Bakersfield-LTC, Inc. Delaware4
  • Beaumont Real Estate Investments, LP Texas4
  • Birch Bend II Owner's Association, Inc. Kentucky4
  • Brentwood 6030, LLC Delaware4
  • Broadway Real Estate Investments, Inc. Delaware4
  • Burr Ridge 150, LLC Delaware4
  • CPP Investments, Inc. Delaware4
  • Cedarburg W76 N629, LLC Delaware4
  • Charlottesville 1250, LLC Delaware4
  • Chatham Real Estate Investments, LLC Delaware4
  • Coronado Corporation Delaware4
  • DP Real Estate Investments, LLC Delaware4
  • Dacula 3581, LLC Delaware4
  • Docena Real Estate Investments, LLC Delaware4
  • FP Real Estate Investments, LLC Delaware4
All 110 listed subsidiaries
  • Florida-LTC, Inc. Nevada4
  • Fort Atkinson 737, LLC Delaware4
  • Fort Wayne Real Estate Investments, Inc. Delaware4
  • Fort Worth 6621, LLC Delaware4
  • Frisco 9966, LLC Delaware4
  • Glenview 1879, LLC Delaware4
  • Great Road RE Holdings, Inc. Delaware4
  • Gulf Breeze Real Estate Investments, Inc. Delaware4
  • Hewitt Real Estate Investments, Inc. Delaware4
  • Hobart 650, LLC Delaware4
  • Hopkinsville Holdco, LLC Delaware4
  • JVC Holdings, Inc. Delaware4
  • JVCH Real Estate Investments, Inc. Delaware4
  • JVCO Real Estate Investments, Inc. Delaware4
  • JVWL Real Estate Investments, Inc. Delaware4
  • Kansas-LTC Corporation Delaware4
  • L-Tex GP, Inc. Delaware4
  • L-Tex LP Corporation Delaware4
  • LTC GP I, Inc. Delaware4
  • LTC West, Inc. Nevada4
  • LTC-DS, Inc. Delaware4
  • LTC-Dearfield, Inc. Nevada4
  • LTC-Finance, Inc. Delaware4
  • LTC-Griffin, Inc. Nevada4
  • LTC-Jonesboro, Inc. Nevada4
  • LTC-K1 Inc. Delaware4
  • LTC-K2 LP, Inc. Delaware4
  • LTC-K2 Limited Partnership Delaware4
  • LTC-K2, Inc. Delaware4
  • LTC-New Mexico, Inc. Nevada4
  • LTC-Richmond, Inc. Nevada4
  • Lakes Real Estate Investments, Inc. Delaware4
  • Littleton Broadway 6767, LLC Delaware4
  • Littleton Kipling 5275, LLC Delaware4
  • MLREI Holdings, Inc. Delaware4
  • MS-FL Real Estate Investments, Inc. Delaware4
  • MW Real Estate Investments, LLC Illinois4
  • Marietta 920, LLC Delaware4
  • Medford 2180, LLC Delaware4
  • Medford 2184, LLC Delaware4
  • Memorial Park Real Estate Investments, Inc. Delaware4
  • Merritt Island Real Estate Investments, Inc. Delaware4
  • Middleton 3820, LLC Delaware4
  • Midwest RE Holdings, Inc. Delaware4
  • Mission Real Estate Investments, Inc. Delaware4
  • Monroeville Real Estate Investments, Inc. Delaware4
  • Morgan Hill 16515, LLC Delaware4
  • Mountain States Real Estate Investments, Inc. Delaware4
  • Murrieta 24325, LLC Delaware4
  • NMKS Holdings, Inc. Delaware4
  • NMKS Real Estate Investments, Inc. Delaware4
  • Neenah 131, LLC Delaware4
  • New Mexico Real Estate Investments, Inc. Delaware4
  • Newberry Real Estate Investments, Inc. Delaware4
  • North Carolina Real Estate Investments, LLC North Carolina4
  • Northwest RE Holdings, Inc. Delaware4
  • Oak Lawn 5701, LLC Delaware4
  • Ohio Springs Real Estate Investments, Inc. Delaware4
  • Overland Park 6921, LLC Delaware4
  • PENN-IND Real Estate Investments, Inc. Delaware4
  • PSF Real Estate Investments, LLC Delaware4
  • Park Villa Corporation Delaware4
  • RC Real Estate Investments, Inc. Delaware4
  • RRC Real Estate Investments, LLC Delaware4
  • Red Oak Real Estate Investments, Inc. Delaware4
  • Rogue Valley RE Holdings, LLC Delaware4
  • SWTX Real Estate Investments, Inc. Delaware4
  • Sabal RE Holdings, LLC Delaware4
  • Skilled Healthcare Holdings, Inc. Delaware4
  • South Hills Real Estate Investments, Inc. Delaware4
  • Southeast RE Holdings, Inc. Delaware4
  • Stephenville Real Estate Investments, Inc. Delaware4
  • Stoughton 2600, LLC Delaware4
  • Suwanee 3180, LLC Delaware4
  • TXMS Real Estate Investments, Inc. Delaware4
  • Texas-LTC Limited Partnership Texas4
  • Texas-LTC Woodridge Limited Partnership Delaware4
  • Tinley Park 17833, LLC Delaware4
  • Tupelo Real Estate Investments, Inc. Delaware4
  • Vacaville-LTC, Inc. Delaware4
  • Virginia-LTC, Inc. Nevada4
  • WISL Investments, Inc. Wisconsin4
  • West Chester 7200, LLC Delaware4
  • Westlake TRS, LLC Delaware4
  • Westminster 7700, LLC Delaware4
  • Wichita 1859, LLC Delaware4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 25, 20268-K Executive or director change42
  2. Aug 6, 20268-K Entered a material agreement; Ended a material agreement43
  3. Aug 5, 20268-K Results of operations44
  4. Jun 30, 20268-K Entered a material agreement; New debt or obligation45
  5. May 27, 20268-K Shareholder vote46
  6. May 6, 20268-K Results of operations47
  7. Feb 24, 20268-K Results of operations48
  8. Dec 15, 20258-K Entered a material agreement; New debt or obligation49
  9. Nov 4, 20258-K Results of operations50
  10. Oct 3, 20258-K Completed an acquisition or sale51
  11. Sep 15, 20258-K Regulation FD disclosure52
  12. Aug 5, 20258-K Other events53
  13. Feb 12, 2025New chief executive Pamela Shelley-Kessler becomes CEO15
  14. Feb 12, 2025New chief executive Clint B. Malin becomes CEO14
  15. Mar 1, 2007New chief executive Wendy Simpson becomes CEO16
  16. Feb 15, 2006New chief executive Andre C. Dimitriadis becomes CEO17
  17. May 12, 1992Founded LTC PROPERTIES INC is founded2

Calendar

Coming up

  1. Nov 3, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.69 a share, on Nov 4, 2025.54

When it reported results

  1. Aug 5, 2026Reported quarterly or annual results44
  2. May 6, 2026Reported quarterly or annual results47
  3. Feb 24, 2026Reported quarterly or annual results48
  4. Nov 4, 2025Reported quarterly or annual results50
  5. Aug 4, 2025Reported quarterly or annual results55
  6. May 5, 2025Reported quarterly or annual results56
  7. Feb 24, 2025Reported quarterly or annual results57
  8. Oct 28, 2024Reported quarterly or annual results58

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

233 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 45 major events, 119 insider forms, 16 large holders, 33 other. The latest 20:

  1. Sep 25, 20268-K EDGAR
  2. Aug 13, 20264 EDGAR
  3. Aug 6, 20268-K EDGAR
  4. Aug 6, 2026424B5 EDGAR
  5. Aug 5, 202610-Q EDGAR
  6. Aug 5, 20268-K EDGAR
  7. Jul 14, 20264 EDGAR
  8. Jul 13, 2026144 EDGAR
  9. Jun 30, 20268-K EDGAR
  10. Jun 4, 20264 EDGAR
  11. May 27, 20268-K EDGAR
  12. May 22, 20264 EDGAR
  13. May 22, 20264 EDGAR
  14. May 22, 20264 EDGAR
  15. May 22, 20264 EDGAR
  16. May 22, 20264 EDGAR
  17. May 6, 202610-Q EDGAR
  18. May 6, 20268-K EDGAR
  19. Apr 30, 2026SCHEDULE 13G EDGAR
  20. Apr 8, 2026ARS EDGAR

The 233 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

25 open-market trades by officers, directors and large owners since October 2021: 13 buys and 12 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 12, 2026Gruber David LDirectorBuy500$38.30$19.1KForm 4
Aug 11, 2026Gruber David LDirectorBuy3,500$38.30$134.1KForm 4
Jul 13, 2026TRICHE TIMOTHYDirectorSale3,125$39.54$123.6KForm 4
Jun 4, 2026BOITANO DAVID MEVP & CIOBuy10,000$34.77$347.7KForm 4
May 21, 2026Gruber David LDirectorBuy4,000$38.41$153.6KForm 4
Mar 5, 2026Gruber David LDirectorBuy7,000$38.00$266.0KForm 4
Dec 31, 2025BOITANO DAVID MEVP & CIOBuy10,000$34.44$344.4KForm 4
Nov 7, 2025Gruber David LDirectorBuy1,000$35.94$35.9KForm 4
Nov 6, 2025Gruber David LDirectorBuy4,000$35.41$141.6KForm 4
Jun 27, 2025BOITANO DAVID MEVP & CIOBuy6,000$34.71$208.3KForm 4
Jun 26, 2025BOITANO DAVID MEVP & CIOBuy4,000$34.50$138.0KForm 4
Dec 11, 2024Gruber David LDirectorBuy3,000$37.16$111.5KForm 4
Nov 7, 2024Malin Clint BCO-PRESIDENT & CO-CEOSale6,000$38.75$232.5KForm 4
Aug 30, 2024TRICHE TIMOTHYDirectorSale5,000$36.45$182.2KForm 4
Aug 2, 2024Gruber David LDirectorBuy6,000$35.75$214.5KForm 4
Apr 2, 2024TRICHE TIMOTHYDirectorSale3,082$31.67$97.6KForm 4
Dec 22, 2023Hendrickson Boyd WDirectorSale7,500$32.68$245.1KForm 4
Nov 14, 2023SHELLEY-KESSLER PAMELACO-PRESIDENT AND CO-CEOSale15,500$32.54$504.4KForm 4
Nov 8, 2023Gruber David LDirectorBuy3,500$31.33$109.7KForm 4
Jun 28, 2023TRICHE TIMOTHYDirectorSale6,000$33.03$198.2KForm 4

All 25 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Pamela J. Shelley-Kessler$650.0K$4.0M64
2025Clint B. Malin$650.0K$4.0M64
2025Caroline Chikhale$450.0K$1.8M64
2025John G. Satterwhite$380.0K$1.5M64
2025Wendy L. Simpson$500.0K$1.0M64
2025David M. Boitano$348.7K$987.0K64
2024Executive Chairman$860.0K$5.1M64
2024Co-President and$560.0K$2.7M64
2024Executive VicePresident,$365.0K$1.3M64
2023Executive Chairman$860.0K$5.1M64
2023Co-Chief Executive Officer$530.0K$2.6M64

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.8,996,488$345.9M0.0%+697,508
Vanguard Portfolio Management LLC5,177,556$199.1M0.0%+290,206
State Street Corp3,349,509$128.8M0.0%+203,524
Vanguard Capital Management LLC2,298,799$88.4M0.0%+190,339
Geode Capital Management, LLC1,499,480$57.7M0.0%+153,023
American Century Companies Inc1,433,326$55.1M0.0%+104,162
Two Sigma Investments, LP1,200,370$46.2M0.0%−52,287
Morgan Stanley1,123,393$43.2M0.0%+108,890
Charles Schwab Investment Management Inc1,001,403$38.5M0.0%+93,043
Centersquare Investment Management LLC920,710$35.4M0.3%+914,250
Alyeska Investment Group, L.P.894,561$34.4M0.1%New
Advisors Capital Management, LLC810,087$31.1M0.3%+26,340
Wellington Management Group Llp728,696$28.0M0.0%+126,884
Nuveen, LLC726,591$27.9M0.0%−3,259
Dimensional Fund Advisors LP722,687$27.8M0.0%+45,717
Northern Trust Corp683,642$26.3M0.0%+117,152
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.623,096$24.0M0.0%+22,247
MetLife Investment Management, LLC614,908$23.6M0.1%+123,732
Bank of New York Mellon Corp520,359$20.0M0.0%+13,515
Eversept Partners, LP420,640$16.2M0.9%+99,594
Marshall Wace, Llp353,053$13.6M0.0%+224,515
Goldman Sachs Group Inc350,748$13.5M0.0%+132,494
Vanguard Fiduciary Trust Co340,448$13.1M0.0%+32,784
Legal & General Group Plc293,882$11.3M0.0%−5,585
Edgestream Partners, L.P.290,736$11.2M0.3%+97,978

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jul 28, 2025Derek TranDemocratic, HouseSale$1,001 - $15,000Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How LTC PROPERTIES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLTC PROPERTIES INC1
  • CIK0000887905
  • Employer ID (EIN)71-07205185
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inMaryland5
  • Fiscal year endsDecember 311
  • Industry code (SIC)6798 Real Estate Investment Trusts1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address3011 Townsgate Road, Suite 220, Westlake Village, CA 913611
  • Phone805-981-86551
  • Shares outstanding53,905,563 as of Jul 29, 202612
  • Public float$1.6B as of Jun 30, 20255
  • AuditorErnst & Young LLP, Los Angeles, California PCAOB ID 42; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceJul 20, 19941
  • Filings1,230 in all: 4 (525), 8-K (228), SC 13G/A (96), 10-Q (92), SC 13G (32), DEF 14A (30), 10-K (24), 424B5 (19)1
    All 46 form types

    3 (15), 424B2 (15), SC 13D/A (13), 5 (11), 144 (9), UPLOAD (9), 4/A (8), CORRESP (7), S-3 (7), 10-K405 (6), 424B3 (6), 8-A12B (6), PRE 14A (6), S-8 (6), S-3ASR (5), S-8 POS (5), ARS (4), SC TO-I/A (4), 10-Q/A (3), 25 (3), 8-K/A (3), DEFA14A (3), EFFECT (3), S-3/A (3), SC 13D (3), SCHEDULE 13G (3), 25-NSE (2), CERTNYS (2), POS AM (2), SC TO-C (2), SC TO-I (2), SCHEDULE 13G/A (2), 10-K/A (1), 10-K405/A (1), 15-12B (1), 3/A (1), 424B4 (1), D (1)

  • Latest filingsAnnual report (10-K) Feb 24, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Apr 8, 2026
    Latest 8-K (8-K) Sep 25, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, $.01 Par ValueLTCNew York Stock Exchange

From the cover page of the 10-K filed Feb 24, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks LTC PROPERTIES INC names in Item 1A of its 10-K filed Feb 24, 2026: 39 risks under these headings, as written.5

  • Risks Related to Our Business and Industry
  • We are responsible for, and our financial performance will be impacted by, operational and legal risks and liabilities under our new SHOP segment.
  • We are dependent on the ability of our third- party SHOP operators to successfully manage and operate our SHOP communities.
  • We are dependent on our operators for revenue and cash flow.
  • We and our operators are subject to risks associated with public health crises, including pandemics.
  • The health care industry is heavily regulated by the government and changes in federal, state, or local law could impose negative costs and restrictions on us and our operators.
  • Changes in federal, state, or local laws limiting REIT investments in the health care sector may adversely impact our ability to participate in the ownership of and investment in health care real estate.
  • Federal and state health care cost containment measures including reductions in reimbursement from third-party payors such as Medicare and Medicaid could adversely affect us and the ability of our operators to make payments to us.
  • Required regulatory approvals could delay operation of health care facilities.
  • Failure to comply with applicable law or regulations could prohibit operation of health care facilities.
  • Insurance coverage maintained by our operators could be inadequate to protect against contingencies.
  • We rely on a few major operators.
The other 28 risks
  • The extent and pace of inflation could adversely impact our operators’ net income and our results of operations.
  • We may be unable to find suitable replacement operators for our SHOP communities.
  • We may be unable to renew leases, or the terms of renewals or new leases could be less favorable than current leases.
  • Operator financial or legal difficulties could delay or prevent collection of rent.
  • Collateral securing mortgage loans could be insufficient.
  • Our real estate investments could become impaired.
  • Our real estate investments are relatively illiquid and could be difficult to sell for book value.
  • Development and construction risks could affect the profitability and completion of properties.
  • We may be unable to invest cash proceeds due to competition for health care properties.
  • Our operators face competition providing seniors housing and health care services.
  • Risks Related to Our Status as a REIT
  • Our failure to qualify as a REIT would have serious adverse consequences to our stockholders.
  • Risks Related to Our Capital Structure
  • Limited access to capital could affect our growth.
  • We could incur more debt.
  • Covenants related to our indebtedness could limit our operations.
  • An increase in market interest rates could increase our debt cost and impact our stock price.
  • Ownership through partnerships and joint ventures could limit property performance.
  • Risks Related to Our Stock
  • A failure to maintain or increase our dividend could reduce the market price of our common stock.
  • Your ownership percentage in our common stock could be diluted.
  • Provisions in our charter limit ownership of shares of our stock.
  • Maryland law could increase the difficulty of acquiring us.
  • General Risk Factors
  • We are dependent on key personnel.
  • Our investments are concentrated in a single sector.
  • Disruptions in the capital markets could affect the price of our common stock and our ability to obtain financing.
  • Catastrophic weather and natural disasters could affect our properties.
  • We could incur costs associated with hazardous substances and contamination.
  • The use of, or inability to take advantage of the benefits of, artificial intelligence by us or our operators presents risks and challenges.
  • Information systems failures or data breaches could harm our business.
  • Data privacy security failures or breaches could expose us to regulatory and other liability.

Legal proceedings

From time to time, we are and may become a party to various claims and lawsuits arising in the ordinary course of our business asserted against our company and our properties and against our third-party SHOP operators, lessees and borrowers. None of such claims or lawsuits singularly or in aggregate, in our management’s opinion, are or are anticipated to be material to our business, results of operations or financial condition. These claims and lawsuits may include matters involving general or professional liability attributable to our SHOP operators, lessees and borrowers pursuant to general legal principles and pursuant to insurance and indemnification provisions in the applicable

management agreements, leases or mortgages. However, regardless of the merits of particular claims or lawsuits, we may be forced to expend significant financial resources to defend and resolve these matters.

The opening of Item 3, Legal Proceedings.5

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