LTC Properties reports Q3 2026 earnings with strong revenue and SHOP growth
LTC Properties announced its third‑quarter 2026 results, posting revenue of $115.2 million and net income of roughly $346 million. Diluted earnings per share were $6.39 and diluted core FFO was $0.71 per share. The company said its SHOP platform now contributes 45% of annualized net operating income and that year‑to‑date SHOP acquisitions have reached nearly $950 million, surpassing its mid‑year target.
Why it matters
The earnings beat and higher‑than‑expected net income could support the REIT’s cash‑flow outlook, but the company’s full‑year core FFO guidance of $2.76‑$2.78 per share and modest share‑price decline of 1.99% suggest investors remain cautious (the company noted the post‑market price drop).
Key facts
- 1Third‑quarter 2026 revenue was $115.2 million. tradingview.com
- 2Net income available to common stockholders was $346.4 million. tradingview.com
- 3Diluted earnings per share were $6.39. tradingview.com
- 4Diluted core FFO per share was $0.71. tradingview.com
- 5SHOP now represents 45% of the company’s annualized net operating income. sec.gov
- 6Year‑to‑date SHOP acquisitions have reached nearly $950 million, exceeding the 2026 midpoint target. sec.gov
Open questions
- Net income amount differs between $346.4 million (source 4) and $348.1 million (source 6).
- Core FFO per share is reported as $0.71 (source 4) and $0.66 (source 7).
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.