Recent Updates — LTC
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.
LTC Properties, Inc. reported second quarter 2026 results, announcing diluted earnings per share of $0.56 compared to $0.32 in the prior year period. The company increased its full-year 2026 SHOP investment guidance midpoint by 50% to $900 million and raised diluted EPS guidance to a range of $8.08 to $8.10, reflecting anticipated gains on asset dispositions totaling $730 million. Diluted Core FFO per share remained stable at $0.68, while diluted Core FAD per share was $0.70. The firm expanded its revolving credit facility by $300 million to a total commitment of $1.1 billion and acquired five seniors housing communities for approximately $208 million in the third quarter. LTC Properties is a real estate investment trust that primarily invests in seniors housing and health care properties.
LTC Properties, Inc. entered into a Second Amendment to its Credit Agreement on June 26, 2026, increasing the aggregate lender commitment from $800 million to $1.1 billion. The amendment expands the revolving credit commitments from $600 million to $900 million and increases the total maximum commitments permitted to $2.0 billion. Additionally, the company entered into 3-year interest rate swap agreements to fix the interest rate on $150 million at 4.97% per annum. LTC Properties, Inc. is a real estate investment trust (ในการใช้ภาษาไทย) operates in the senior housing industry.