LTC Properties, Inc. (LTC)
NYSEReal EstateReit - Healthcare FacilitiesSnapshot 2026-09-04
$41.21-1.65%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - Healthcare FacilitiesSnapshot 2026-09-04
Broken: Primary pillar broken — Diluted Core FAD per share near $2.86: FAD $2.77 vs $2.82.
LTC Properties invests in senior housing and healthcare real estate with strong growth. The company targets diluted core FAD per share near $2.86 and EPS around $1.84 in 2026. Operating income rose to $56.4 million in Q1 2026, showing improving profitability. Recent acquisitions and financing support steady growth.
LTC faces margin pressure and a soft guidance posture. Its free cash flow yield is negative at -0.27%, indicating cash generation issues. The sector is under headwinds, and earnings missed guidance in recent quarters.
The price is about 16% above our fair value near $33. Analysts expect 51% revenue growth, which is justified. Our model implies more moderate 3-5 year growth around 3-5%, suggesting some optimism is priced in.
Breaks if: Core FAD per share falls below $2.82 in FY26
LTC is committed to maintaining its full year 2026 guidance for diluted core FAD per share and EPS.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on expanding its Seniors Housing Operating Portfolio. The current thesis state is intact, but there are risks due to recent earnings misses and sector headwinds.
The market has priced in a level of fragility due to weak execution quality, but it remains justified given the company's recent performance. LTC is viewed as expensive compared to peers, with a slight expectations gap.
Management is on track with its priorities, particularly in expanding the SHOP segment and maintaining earnings guidance. However, there is a moderate risk of missing estimates, which could impact investor confidence.
The future performance hinges on management's ability to maintain guidance and deliver on growth initiatives. Additionally, external factors like Federal Reserve rate changes and the performance of sector peers will be crucial.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The company is expanding its Seniors Housing Operating Portfolio. This commitment reinforces its position in the market. There are no new threats identified that could weaken this outlook.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: EPS falls below $1.80 in FY26
Breaks if: Operating income falls below $49.6 million in Q1 2026
Over the next 1 to 3 years, LTC's performance will depend on its execution and external market conditions. Not investment advice.