LTC Properties Q1 earnings beat, helped by revenue increase, lower expenses

seekingalpha04-30

LTC Properties (NYSE:LTC) turned in better-than-expected Q1 earnings as its revenue increased and expenses dropped. The healthcare REIT benefited from the repayment of $2.4M of rent credit in the ...

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The healthcare REIT benefited from the repayment of $2.4M of rent credit in the ...</p>\n\n<a href=\"https://seekingalpha.com/news/4095864-ltc-properties-q1-earnings-beat-helped-by-revenue-increase-lower-expenses\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>LTC Properties Q1 earnings beat, helped by revenue increase, lower expenses</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLTC Properties Q1 earnings beat, helped by revenue increase, lower expenses\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-30 04:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4095864-ltc-properties-q1-earnings-beat-helped-by-revenue-increase-lower-expenses><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LTC Properties (NYSE:LTC) turned in better-than-expected Q1 earnings as its revenue increased and expenses dropped. The healthcare REIT benefited from the repayment of $2.4M of rent credit in the ...</p>\n\n<a href=\"https://seekingalpha.com/news/4095864-ltc-properties-q1-earnings-beat-helped-by-revenue-increase-lower-expenses\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LTC","symbol_name":"LTC房产","start_time":0,"source_url":"https://seekingalpha.com/news/4095864-ltc-properties-q1-earnings-beat-helped-by-revenue-increase-lower-expenses","article_id":"2431828553","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/489582897/image_489582897.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2431828553","pubTimestamp":1714422442,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"LTC Properties  turned in better-than-expected Q1 earnings as its revenue increased and expenses dropped. The healthcare REIT benefited from the repayment of $2.4M of rent credit in the connection with a sale of a 110-unit assisted living community and higher interest income from mortgage loans resulting from mortgage loans origination during 2023.  However, it also was affected by lower interest and other income primarily due to the exit internal return rate and prepayment fee received in 2023 in connection to the payoff of two mezzanine loans; and higher interest expense on its revolving line of credit. Q1 FFO per share of $0.69, vs. the average analyst estimate of $0.64, rose from $0.57 in Q4 2023 and $0.66 in Q1 2023. Revenue of $51.4M, vs. the $51.0M consensus, increased from $50.2M in the prior quarter and $49.5M a year ago. Rental income climbed to $33.5M from $32.5M in Q4 2023 and $31.7M in Q1 2023. Expenses of $30.3M dropped from $38.7M in the previous quarter and $31.7M a yea","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"LTC":"LTC房产"},"translate_title":"LTC Properties Q1盈利超过预期，收入增加，费用降低","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LTC":1},"content_text":"LTC Properties (NYSE:LTC) turned in better-than-expected Q1 earnings as its revenue increased and expenses dropped. The healthcare REIT benefited from the repayment of $2.4M of rent credit in the connection with a sale of a 110-unit assisted living community and higher interest income from mortgage loans resulting from mortgage loans origination during 2023.  However, it also was affected by lower interest and other income primarily due to the exit internal return rate and prepayment fee received in 2023 in connection to the payoff of two mezzanine loans; and higher interest expense on its revolving line of credit. Q1 FFO per share of $0.69, vs. the average analyst estimate of $0.64, rose from $0.57 in Q4 2023 and $0.66 in Q1 2023. Revenue of $51.4M, vs. the $51.0M consensus, increased from $50.2M in the prior quarter and $49.5M a year ago. Rental income climbed to $33.5M from $32.5M in Q4 2023 and $31.7M in Q1 2023. Expenses of $30.3M dropped from $38.7M in the previous quarter and $31.7M a year ago. Conference call on April 30 at 11:00 AM ET. 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