LTC Properties (LTC) Financial Statements & Analysis

LTC Properties (LTC) Income Statement

LTC Properties reported revenue of $262.85M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 25.3% from $209.85M a year earlier. Net income was $117.97M, up 29.6% year over year, a net margin of 44.9%. Gross margin was 75.3% and operating margin 47.4%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $98.86M, up 64.1% from the same quarter a year earlier.

LTC Properties Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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LTC Properties, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	262.85	209.85	197.24	175.15	155.32	159.34	185.30	168.65	168.07
Cost of Revenue	64.88	12.93	13.27	15.49	15.39	15.07	16.76	0.00	0.00
Gross Profit	197.97	196.92	183.98	159.67	139.93	144.27	168.55	168.65	168.07
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	31.12	27.24	24.29	23.71	21.46	19.71	18.45	19.19	17.51
Operating Expenses	73.51	104.48	94.02	60.59	60.78	48.64	86.68	16.43	82.99
Operating Income	124.46	92.44	89.96	99.08	79.15	95.63	81.87	152.21	85.08
Other Income/Expense
Interest Income	13.99	0.00	0.00	0.00	2.80	0.00	0.00	0.00	0.00
Interest Expense	35.31	40.34	47.01	31.44	27.38	29.71	30.58	30.20	29.95
Other Income/Expense	34.90	2.44	1.50	1.50	4.45	0.05	-1.00	2.86	2.26
Income
Income Before Tax	124.06	94.88	91.46	100.58	56.22	95.68	80.87	155.08	87.34
Income Tax Expense	0.18	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	117.97	91.04	89.74	100.02	55.86	95.29	80.53	154.98	87.34
Net Income - Continuous Operations	123.88	91.04	89.74	100.02	56.22	95.29	80.53	154.98	87.34
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	197.24	171.58	175.89	169.52	121.90	122.85	150.67	222.83	154.90
EBIT	159.37	123.50	110.03	132.02	83.60	83.78	-	-	-
Depreciation & Amortization	37.87	36.37	37.42	37.50	38.30	39.07	39.22	37.56	37.61
Earnings Per Share
Basic EPS	3.00	2.00	2.00	2.00	1.00	2.00	2.00	4.00	2.00
Diluted EPS	3.00	2.00	2.00	2.00	1.00	2.00	2.00	4.00	2.00
Basic Shares Outstanding	46.23	43.74	41.27	39.89	39.16	39.18	39.57	39.48	39.41
Diluted Shares Outstanding	46.56	44.24	41.36	40.07	39.16	39.26	39.76	39.84	39.64

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About LTC Properties Financial Statements

What was LTC Properties's revenue in fiscal 2025?

LTC Properties reported revenue of $262.85M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 25.3% from $209.85M a year earlier.

Is LTC Properties profitable?

Yes. LTC Properties earned net income of $117.97M in fiscal 2025, a net margin of 44.9%. In fiscal 2024 it earned $91.04M.

What is LTC Properties's operating margin?

LTC Properties's operating income was $124.46M on revenue of $262.85M in fiscal 2025, an operating margin of 47.4%, compared with 44.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition