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Q4 25 EPS
$2.11
BEAT +62.31%
Est. $1.30
Q4 25 Revenue
$84.3M
BEAT +0.07%
Est. $84.2M
vs S&P Since Q4 25
-8.9%
TRAILING MARKET
LTC -3.1% vs S&P +5.8%
Full Year 2025 Results
FY 25 EPS
$2.52
FY 25 Revenue
$262.9M
Market Reaction
Did LTC Beat Earnings? Q4 2025 Results
LTC Properties delivered a headline-grabbing Q4 2025 earnings beat, posting diluted EPS of $2.11 against a consensus estimate of just $0.47, a 348.94% positive surprise, though the result was heavily shaped by a $78.06 million gain on the sale of sev… Read more LTC Properties delivered a headline-grabbing Q4 2025 earnings beat, posting diluted EPS of $2.11 against a consensus estimate of just $0.47, a 348.94% positive surprise, though the result was heavily shaped by a $78.06 million gain on the sale of seven skilled nursing centers for $123.00 million during the quarter. Revenue of $84.29 million rose 71.9% year over year, fueled largely by the company's rapidly expanding Seniors Housing Operating Portfolio, which contributed $37.96 million in resident fees and services, a line that did not exist in Q4 2024; however, revenue fell short of the $92.49 million consensus estimate by 8.86%. Stripping out the one-time gain, Core FFO grew a more measured 13% to $0.70 per diluted share. SHOP NOI margins expanded to 28.1% in Q4 from 21.2% at the segment's launch, with average occupancy reaching 89.3%, and insider buying following the report signals some confidence in the strategic pivot. Looking ahead, LTC guided for 2026 diluted Core FFO of $2.75 to $2.79 per share, targeting SHOP at 45% of gross investments by year-end.
Key Takeaways
- • SHOP acquisitions of $353 million in 2025 and $108 million in January 2026
- • SHOP NOI growth of 22% over 2024 proforma NOI for original 13 property SHOP conversions
- • SHOP NOI margin expanded to 28.1% in Q4 2025 from 21.2% in Q2 2025
- • SHOP average unit occupancy of 89.3% in Q4 2025
- • $78 million gain on sale of seven skilled nursing centers sold for $123 million
- • 60% total revenue growth year-over-year and 13% Core FFO growth
- • Market-based rent resets generated $5,625 of revenue from a 14-property portfolio in 2025 vs $3,448 in 2024 (63% increase)
LTC YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
LTC Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our strategic shift toward SHOP is delivering higher growth and fundamentally reshaping our long-term earnings profile. With a more resilient portfolio consisting of newer assets and a focused approach to capital allocation, we ended 2025 with momentum and confidence in our ability to continue creating long-term value for shareholders.”
— Pam Kessler, Q4 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% |