LTC: Q1 Earnings Snapshot
By AP News
Published - Apr 27, 2023, 04:54 PM ET
Last Updated - Jun 22, 2023, 02:40 AM EDT
WESTLAKE VILLAGE, Calif. (AP) — WESTLAKE VILLAGE, Calif. (AP) — LTC Properties Inc. (LTC) on Thursday reported a key measure of profitability in its first quarter.
The real estate investment trust, based in Westlake Village, California, said it had funds from operations of $27.2 million, or 66 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $32.9 million, or 80 cents per share.
