Live: Will Micron Crush Q3 Earnings Tonight After Tuesday’s 13% Selloff?
Q3 25 EPS
$-0.44
MISS 194.28%
Est. $0.47
Q3 25 Revenue
$69.3M
BEAT +3.69%
Est. $66.8M
vs S&P Since Q3 25
+0.8%
BEATING MARKET
LTC +9.1% vs S&P +8.2%
Market Reaction
Did LTC Beat Earnings? Q3 2025 Results
LTC Properties delivered a sharply mixed third quarter for 2025, posting revenue of $69.29 million, a 24.2% year-over-year increase that edged past the $66.82 million consensus by 3.69%, while a GAAP diluted loss of $0.44 per share fell well short of… Read more LTC Properties delivered a sharply mixed third quarter for 2025, posting revenue of $69.29 million, a 24.2% year-over-year increase that edged past the $66.82 million consensus by 3.69%, while a GAAP diluted loss of $0.44 per share fell well short of the $0.47 consensus estimate, a miss of 194.28%. The headline loss was driven almost entirely by a $41.45 million non-cash write-off tied to a Prestige Healthcare mortgage loan amendment, obscuring what executives described as meaningful underlying progress. The quarter marked a pivotal acceleration of the company's strategic pivot toward its Senior Housing Operating Portfolio, which contributed $22.20 million in resident fees and services, a segment that did not exist in Q3 2024, and now represents roughly 20% of LTC's total investment base following $292 million in SHOP acquisitions during the period. On an adjusted basis, Diluted Core FFO per share rose to $0.69 from $0.68 a year ago. With executives indicating that SHOP growth has become the company's new norm, LTC raised its full-year 2025 Diluted Core FFO guidance to $2.69 to $2.71 per share, the third upward revision this year.
Key Takeaways
- • Conversion of Anthem and New Perspective triple-net lease portfolios into SHOP segment
- • New SHOP acquisitions contributing resident fees and services revenue
- • SHOP portfolio grew to nearly $450 million or approximately 20% of total investment portfolio with 87% average occupancy
- • Diluted Core FFO per share increased $0.01 YoY driven by higher SHOP NOI and lower interest expense
- • Diluted Core FAD per share increased $0.04 YoY from SHOP growth, cash rent escalations, and capital expenditure funding
LTC YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
LTC Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our decision to launch SHOP in late 2024, followed by our first cooperative triple-net conversion and SHOP investments in 2025, was a strong catalyst for external growth and strategic transformation. Growth is the new norm for LTC as we continue to build a strong portfolio with quality SHOP assets. Our momentum is strengthening, and we are excited about our ability to continue on this path well into the future.”
— Pam Kessler, Q3 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% |