LTC Properties, Inc. entered into a new Equity Distribution Agreement on August 6, 2026, authorizing the issuance and sale of up to $500 million of common stock through at-the-market offerings and forward sales with multiple investment banks. The company terminated its previous equity distribution agreement dated November 13, 2024, which had approximately $90 million in remaining capacity out of a $400 million limit. Net proceeds will be used to pay down amounts outstanding under its unsecured revolving line of credit, fund acquisitions and originations, and for working capital or other general corporate purposes. LTC Properties, Inc. operates in the real estate investment trust sector, focusing on senior housing and healthcare facilities.
