LTC Properties reported third-quarter net income available to common stockholders of $346.4 million, or $6.39 per diluted share, compared to a loss of $20.1 million in the prior year period. Total revenues increased 66% to $115.2 million, driven by SHOP acquisitions and lease termination fees. The company raised its full-year SHOP investment mid-point guidance to $1 billion from $900 million while reaffirming diluted Core FFO per share guidance of $2.76-$2.78 and diluted Core FAD per share guidance of $2.83-$2.85. LTC Properties is a real estate investment trust specializing in seniors housing and health care properties.
