📊 LTC Key Takeaways
Is LTC a Good Investment? Thesis Analysis
LTC Properties demonstrates strong operational fundamentals with 77.9% operating margins, robust 25.3% revenue growth, and exceptional cash generation (51.7% FCF margin). However, net income declined 5.3% YoY despite strong revenue growth, signaling margin pressure below the operating line that warrants monitoring.
Why Buy LTC? Key Strengths
- Outstanding operating margin of 77.9% indicates efficient core business operations
- Strong free cash flow generation of 136.0M with 51.7% FCF margin supports dividend sustainability
- Excellent interest coverage ratio of 18.5x demonstrates fortress-like debt safety
- Revenue growth of 25.3% YoY and EPS growth of 23.5% YoY show momentum
- Reasonable leverage at 0.78x debt-to-equity with $2.1B in quality real estate assets
LTC Investment Risks to Consider
- Net income declined 5.3% YoY despite 25.3% revenue growth, indicating margin compression or rising financing costs
- Low cash position of $14.4M relative to $2.1B asset base creates liquidity vulnerability
- Elevated long-term debt of $842.2M represents significant refinancing risk in rising rate environments
- Moderate ROE of 11% and ROA of 5.7% suggest below-average asset efficiency for a REIT
- Substantial gap between operating income and net income (86.7M) indicates heavy financing burden
Key Metrics to Watch
- Net income trend and reconciliation with revenue growth to understand margin compression
- Operating cash flow sustainability relative to dividend payout ratios
- Debt refinancing activity and average interest rates on outstanding debt
LTC Financial Metrics
💡 AI Analyst Insight
The 51.7% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
LTC Profitability Ratios
LTC vs Default Sector
How LTC PROPERTIES INC compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is LTC Overvalued or Undervalued?
Based on fundamental analysis, LTC PROPERTIES INC has mixed fundamental signals relative to the Default sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
LTC Balance Sheet & Liquidity
LTC 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: LTC PROPERTIES INC's revenue has grown significantly by 42% over the 5-year period, indicating strong business expansion. The most recent EPS of $2.16 reflects profitable operations.
LTC Growth Metrics (YoY)
LTC Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $55.8M | $15.8M | $0.33 |
| Q2 2025 | $50.1M | $15.1M | $0.32 |
| Q1 2025 | $49.0M | $20.7M | $0.45 |
| Q3 2024 | $49.3M | $22.2M | $0.54 |
| Q2 2024 | $48.2M | $6.2M | $0.15 |
| Q1 2024 | $49.5M | $24.2M | $0.56 |
| Q3 2023 | $43.5M | $13.3M | $0.32 |
| Q2 2023 | $43.0M | $6.2M | $0.15 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
LTC Capital Allocation
LTC SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for LTC PROPERTIES INC (CIK: 0000887905)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Apr 8, 2026 | DEF 14A | ltc-20260520xdef14a.htm | View → |
| Mar 10, 2026 | 4 | xslF345X05/form4-03102026_110341.xml | View → |
| Mar 10, 2026 | 4 | xslF345X05/form4-03102026_110310.xml | View → |
| Mar 10, 2026 | 4 | xslF345X05/form4-03102026_110338.xml | View → |
| Mar 10, 2026 | 4 | xslF345X05/form4-03102026_110308.xml | View → |
❓ Frequently Asked Questions about LTC
What is the AI rating for LTC?
LTC PROPERTIES INC (LTC) has an AI rating of BUY with 76% confidence, based on fundamental analysis of SEC EDGAR filings.
What are LTC's key strengths?
Claude: Outstanding operating margin of 77.9% indicates efficient core business operations. Strong free cash flow generation of 136.0M with 51.7% FCF margin supports dividend sustainability.
What are the risks of investing in LTC?
Claude: Net income declined 5.3% YoY despite 25.3% revenue growth, indicating margin compression or rising financing costs. Low cash position of $14.4M relative to $2.1B asset base creates liquidity vulnerability.
What is LTC's revenue and growth?
LTC PROPERTIES INC reported revenue of $262.9M.
Does LTC pay dividends?
LTC PROPERTIES INC pays dividends, with $107.4M distributed to shareholders in the trailing twelve months.
Where can I find LTC SEC filings?
Official SEC filings for LTC PROPERTIES INC (CIK: 0000887905) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is LTC's EPS?
LTC PROPERTIES INC has a diluted EPS of $2.52.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is LTC a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, LTC PROPERTIES INC has a BUY rating with 76% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.
Is LTC stock overvalued or undervalued?
Valuation metrics for LTC: ROE of 11.0% (sector avg: 15%), net margin of 44.9% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy LTC stock in 2026?
Our dual AI analysis gives LTC PROPERTIES INC a combined BUY rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.
What is LTC's free cash flow?
LTC PROPERTIES INC's operating cash flow is $136.0M, with capital expenditures of N/A. FCF margin is 51.7%.
How does LTC compare to other Default stocks?
Vs Default sector averages: Net margin 44.9% (avg: 12%), ROE 11.0% (avg: 15%), current ratio N/A (avg: 1.8).