LTC Earnings Prediction
The chart below shows how LTC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LTC sees a -0.72% change in stock price 10 days leading up to the earnings, and a +2.07% change 10 days following the report. On the earnings day itself, the stock moves by +0.67%. This data can give you a slight idea of what to expect for the next quarter's release.
LTC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
55.78M
13.14%
11.31%
Gross Margin
94.29%
0.99%
0.82%
Operating Margin
58.06%
-5.79%
-7.34%
Net Margin
55.33%
20.57%
40.50%
EPS
0.66
22.22%
50.00%
No Data Available
LTC Earnings Analysis
LTC Properties, Inc. Corporation (LTC.N) Earnings Conference Call
Positive
Unrecorded Revenue Collection: Year-to-date, we have collected $4.1 million in previously unrecorded revenue from former operators related to portfolio transitions in prior years.
Loan Receivable Payoffs: We have received more than $98 million related to loan receivable payoffs and paydowns.
Assisted Living Community Sale: We recorded a $3.6 million gain on sale related to an assisted living community in Texas and received $441,000 in contractual rent through the remainder of the lease term, which would have expired in January 2025.
Mortgage Loan Payoff: Recorded $39.7 million related to the payoff of a $29.3 million mortgage loan secured by a skilled nursing center in Louisiana as well as the $10.4 million paid down on a working capital note.
Property Sales and Gains: Subsequent to the end of the quarter, we received $51.4 million from the payoff of a mortgage loan secured by a senior housing community in Georgia, sold a closed property in Colorado for $5.3 million, for which we anticipate recording a gain on sale of approximately $1.1 million in the fourth quarter.
Negative
Unrecorded Revenue Collection: Year-to-date, we have collected $4.1 million in previously unrecorded revenue from former operators related to portfolio transitions in prior years.
Loan Receivable Payoffs: We have received more than $98 million related to loan receivable payoffs and paydowns.
Assisted Living Community Sale: We recorded a $3.6 million gain on sale related to an assisted living community in Texas and received $441,000 in contractual rent through the remainder of the lease term, which would have expired in January 2025.
Mortgage Loan Commitment: We committed to fund a $26.1 million mortgage loan, which should begin early in 2025.
FFO Per Share Increase: Our fully diluted FFO per share was $0.78 compared with $0.65 last year.
LTC FAQs
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LTC Earning Call Sentiment
LTC Properties, Inc. (LTC) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
LTC.N
-0.52%Positive
The earnings call summary indicates strong financial performance with a year-over-year increase in FFO, improved liquidity, and reduced leverage ratios. The company is actively pursuing growth opportunities, evidenced by joint ventures and RIDEA interest. Despite some vague responses in the Q&A, the overall sentiment is positive due to strong financial metrics, optimistic guidance, and shareholder returns, such as dividend payments. The market cap suggests a moderate reaction, leading to a predicted stock price increase of 2% to 8% over the next two weeks.