Live: Will Micron Crush Q3 Earnings Tonight After Tuesday’s 13% Selloff?
Q1 25 EPS
$0.45
MISS 1.10%
Est. $0.46
Q1 25 Revenue
$49.0M
BEAT +0.29%
Est. $48.9M
vs S&P Since Q1 25
-14.5%
TRAILING MARKET
LTC +16.7% vs S&P +31.2%
Market Reaction
Did LTC Beat Earnings? Q1 2025 Results
LTC Properties delivered a mixed first quarter for 2025, narrowly missing earnings expectations while edging past revenue forecasts as the healthcare REIT navigates a deliberate strategic shift into seniors housing operations. Diluted EPS came in at … Read more LTC Properties delivered a mixed first quarter for 2025, narrowly missing earnings expectations while edging past revenue forecasts as the healthcare REIT navigates a deliberate strategic shift into seniors housing operations. Diluted EPS came in at $0.45, falling just short of the $0.46 consensus estimate by 1.10%, while revenue of $49.03 million edged ahead of the $48.89 million consensus, though still down 4.5% from a year ago. The headline softness traces most directly to a $3.05 million provision for credit losses tied to the RIDEA conversion of 12 Anthem properties, alongside the absence of one-time rent credits recognized in the prior year period. Some investors have also raised questions about tenant health across the portfolio, though management affirmed its Genesis holdings remained current on rent. On a non-GAAP basis, the picture brightened, with diluted Core FFO rising to $0.65 per share from $0.64. Looking ahead, LTC guided for full-year diluted Core FFO of $2.65 to $2.69 per share, with SHOP NOI for the remaining eight months of 2025 expected between $9.40 million and $10.30 million.
Key Takeaways
- • Rent increases from fair-market rent resets
- • Higher income from sale lease-back financing receivables and additional loan funding
- • Lower interest expense from paying down the unsecured revolving line of credit and scheduled principal paydowns on senior unsecured notes
- • $3.0 million exit IRR from redemption of preferred equity investment in joint venture
- • Provision for credit losses of $3.1 million related to RIDEA conversion write-offs
LTC YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
LTC Revenue by Segment
With YoY comparisons, source: SEC Filings
“We're off to a strong start this year, with $176 million in gross assets converted or soon to be converted into a new SHOP portfolio, the hiring of an industry veteran with significant experience as our new chief investment officer, and a strong and growing pipeline.”
— Pam Kessler, Q1 2025 Earnings Press Release
LTC Earnings Trends
LTC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LTC EPS Trend
Earnings per share: estimate vs actual
LTC Revenue Trend
Quarterly revenue: estimate vs actual
LTC Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.44 | $0.48 | +9.09% | $95.4M | +2.81% |
| Q4 25 BEAT FY | $1.30 | $2.11 | +62.31% | $84.3M | +0.07% |
| FY Full Year | — | $2.52 | — | $262.9M | — |
| Q3 25 MISS | $0.47 | $-0.44 | -194.28% | $69.3M | +3.69% |
| Q2 25 MISS | $1.29 | $0.68 | -47.29% | $60.2M | +13.48% |
| Q1 25 MISS | $0.46 | $0.45 | -1.10% | $49.0M | +0.29% |