LTC

Real Estate

LTC Properties, Inc. · REIT - Healthcare Facilities · $2B

UQS Score — Balanced Preset
61.2
Good

LTC Properties, Inc. scores 61.2/100 using the Balanced preset.

UQS vs Real Estate Sector
LTC
61.2
Sector avg
38.4
Quality
Strong
Moat
Weak
Growth
Good
Risk
Neutral
Valuation
Good

What is LTC Properties, Inc.?

LTC Properties is a real estate investment trust focused on seniors housing and health care properties across the United States. Operating in 27 states with 29 partners, it holds 181 investments split evenly between seniors housing and skilled nursing facilities.

LTC generates income by financing and owning health care real estate through several structures: sale-leaseback arrangements, mortgage financing, joint ventures, and structured finance tools such as preferred equity and mezzanine lending. Operators lease or borrow against properties, paying LTC a steady stream of rent and interest. This diversified financing approach allows LTC to serve a range of senior care operators while managing exposure across deal types and geographies.

LTC Properties was founded in 1992 and is headquartered in Westlake Village, California.

  • Sale-leaseback financing for seniors housing and skilled nursing operators
  • Mortgage loans secured by health care real estate
  • Joint-venture ownership structures with operating partners
  • Preferred equity and mezzanine lending solutions
  • Structured finance for health care property acquisitions

Is LTC a Good Stock to Buy?

UQS Score rates LTC as Good overall, reflecting a balanced profile across its five analytical pillars.

The Quality pillar stands out as the clearest strength, suggesting LTC generates reliable income relative to its asset base — a meaningful trait for a REIT dependent on consistent operator payments. The Growth and Valuation pillars also register positively, indicating the trust is expanding its portfolio at a reasonable price relative to peers in the health care real estate space.

The Moat pillar registers as Weak, pointing to limited structural advantages that would prevent competitors from replicating LTC's financing model or attracting the same operator relationships.

See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does LTC pay dividends?

Yes — LTC Properties, Inc. pays a dividend.

LTC Properties pays a regular dividend, consistent with its REIT structure — federal rules require REITs to distribute the majority of taxable income to shareholders. The trust has maintained a monthly dividend cadence, which is relatively uncommon and appeals to income-focused investors. Dividend sustainability is tied to the health of LTC's operator base and occupancy trends across its seniors housing and skilled nursing portfolio.

When does LTC report earnings?

LTC Properties reports earnings on a quarterly cadence, typical for US-listed REITs.

Recent quarters have reflected the broader recovery in senior care occupancy following pandemic-era disruptions. Rental income and interest from structured finance arrangements have been the primary drivers of reported results, with portfolio growth through new investments contributing incrementally to revenue.

For the most recent quarter's results and guidance commentary, visit LTC Properties' investor relations page directly.

LTC Price History

+35.0% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in LTC Properties, Inc.?

$
Today it would be worth
$12,365
That's a +23.6% total return, or +4.3% annualized.

Based on LTC Properties, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

LTC Long-term Outlook

LTC's Growth pillar rating suggests the trust is positioned to expand its portfolio in a sector benefiting from long-term demographic tailwinds — specifically the aging U.S. population increasing demand for seniors housing and skilled nursing care. The Neutral Risk rating indicates the trust carries a moderate risk profile, balancing operator concentration and health care regulatory exposure against a diversified multi-state footprint. Valuation appears reasonable relative to health care REIT peers, which may support total return potential if occupancy and operator health continue to improve.

Growth drivers

  • Aging U.S. population driving sustained demand for seniors housing and skilled nursing beds
  • Expansion of structured finance offerings attracting new operating partners
  • Sale-leaseback pipeline as operators seek capital without relinquishing operations

Key risks

  • Operator financial stress or coverage deterioration reducing rent and interest payments
  • Regulatory changes affecting Medicare and Medicaid reimbursement rates for skilled nursing
  • Rising interest rates increasing the cost of capital and compressing REIT valuations

LTC vs Peers

LTC Properties competes within the health care REIT niche alongside several focused trusts, each with a distinct strategy or property mix.

DHCLTC scores higher
Diversified Healthcare Trust

DHC operates a broader health care property mix including medical office and life science assets, giving it more sector diversification than LTC's seniors-focused portfolio.

SILALTC scores higher
Sila Realty Trust, Inc.

Sila concentrates on net-lease health care properties and has pursued a non-traded REIT structure, distinguishing its investor base and liquidity profile from LTC.

NHILTC scores higher
National Health Investors, Inc.

NHI similarly targets seniors housing and skilled nursing but leans more heavily on triple-net lease structures, resulting in a different operator relationship and income profile than LTC's blended financing approach.

Frequently Asked Questions

What does LTC Properties do?

LTC Properties is a REIT that invests in seniors housing and skilled nursing facilities across 27 U.S. states. It finances properties through sale-leasebacks, mortgage loans, joint ventures, and structured finance tools like preferred equity and mezzanine lending, working with 29 operating partners across 181 investments.

Does LTC pay dividends?

Yes, LTC pays a regular dividend on a monthly basis — an uncommon cadence that appeals to income-focused investors. As a REIT, LTC is required to distribute the majority of its taxable income. The sustainability of that dividend depends on operator health and occupancy levels across its portfolio.

When does LTC report earnings?

LTC Properties reports financial results on a quarterly cadence, standard for U.S.-listed REITs. For the most current earnings dates and recent results, check LTC's official investor relations page.

Is LTC a good stock to buy?

UQS Score rates LTC as Good overall. Its Quality pillar is Strong, and both Growth and Valuation register positively. The Moat pillar is Weak, which is worth considering. Whether LTC fits your portfolio depends on your income needs, risk tolerance, and view on senior care real estate. Pro members can see the full pillar breakdown.

Is LTC overvalued?

The UQS Valuation pillar for LTC is rated Good, suggesting the trust is not trading at an excessive premium relative to health care REIT peers. Valuation for REITs is often assessed through income-based metrics rather than earnings multiples — the full analysis is available to UQS Pro members.

How does LTC compare to its competitors?

LTC sits in a focused niche alongside peers like National Health Investors (NHI), Diversified Healthcare Trust (DHC), and Sila Realty Trust (SILA). LTC's blend of sale-leaseback, mortgage, and structured finance tools gives it flexibility that some pure net-lease peers lack. UQS Score provides side-by-side pillar comparisons for Pro members.

What is LTC's market cap bracket?

LTC Properties is classified as a small-cap company. This places it below the large-cap health care REITs in terms of total market value, which can mean less analyst coverage and potentially higher price volatility, but also a more focused portfolio strategy.

Who founded LTC Properties?

LTC Properties was founded in 1992. Founding details are widely available through the company's official history and public filings on its investor relations page.

Is LTC a long-term quality investment?

As a long-term quality indicator, LTC's Good UQS Score — anchored by a Strong Quality pillar — suggests the trust has demonstrated reliable income generation. The Weak Moat rating is a consideration for long-term holders, as it implies limited structural barriers to competition. Demographic trends in senior care may support the investment case over time.

What is the main competitive advantage of LTC Properties?

LTC's flexibility across financing structures — combining leases, mortgages, and structured finance — allows it to serve a wider range of operator needs than single-strategy peers. Its established relationships with 29 operating partners across 27 states also provide geographic and operator diversification.

What sector does LTC belong to?

LTC Properties belongs to the Real Estate sector, specifically within the health care REIT sub-category. It focuses exclusively on seniors housing and skilled nursing properties, making it more specialized than diversified REITs that span office, industrial, or retail assets.

Is LTC a growth stock or value stock?

Based on UQS pillar labels, LTC shows characteristics of both: the Growth pillar is rated Good, indicating meaningful expansion potential, while the Valuation pillar is also Good, suggesting the price is not stretched. This positions LTC closer to a value-oriented income grower than a high-multiple pure-growth stock.

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Pro Analysis

LTC — Score History

5055606570Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 16 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 17, 202663.086.431.063.667.971.80.0
May 9, 202663.085.731.063.671.768.9+3.2
May 3, 202659.886.931.063.647.469.70.0
May 2, 202659.886.931.063.647.470.1-0.1
Apr 26, 202659.986.931.063.647.470.3+0.2
Apr 19, 202659.786.931.063.647.469.6-0.1
Apr 18, 202659.886.931.063.647.469.9+0.2
Apr 14, 202659.686.931.063.647.468.4+0.2
Apr 12, 202659.486.931.063.647.467.5-0.2
Apr 11, 202659.686.931.063.647.469.0-0.1

LTC — Pillar Breakdown

Quality

86.1/100 (25%)

LTC Properties, Inc. demonstrates outstanding capital efficiency and profitability, placing it among the highest-quality businesses in the market.

Return on EquityModerate

Profitability relative to shareholders' equity.

Operating ProfitabilityStrong

Ability to convert revenue into operating profit.

Net ProfitabilityStrong

Bottom-line profit as a share of revenue.

Cash GenerationStrong

Free cash flow relative to market value.

Growth

63.6/100 (20%)

LTC Properties, Inc. demonstrates healthy growth trends across revenue and earnings.

Recent Revenue TrendStrong

Revenue trajectory over the last twelve months.

3Y Revenue CAGRModerate

Compound annual revenue growth rate over 3 years.

EPS GrowthStrong

Year-over-year earnings per share growth.

Forward Revenue OutlookStrong

Analyst consensus for future revenue growth.

Forward EPS GrowthWeak

Analyst consensus for future earnings growth.

Risk

57.5/100 (15%)

LTC Properties, Inc. maintains a reasonable risk profile with manageable debt levels.

Debt/EquityStrong

Total debt relative to shareholder equity.

Current RatioStrong

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

70.6/100 (15%)

LTC Properties, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.

Earnings YieldModerate

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowStrong

How many years of FCF the market cap represents.

EV/EBITDA vs SectorStrong

Enterprise value multiple relative to sector median.

Moat

31/100 (25%)

LTC Properties, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for LTC.

Score Composition

Quality
86.1×25%21.5
Growth
63.6×20%12.7
Risk
57.5×15%8.6
Valuation
70.6×15%10.6
Moat
31.0×25%7.8
Total
61.2Good

Financial Data

More Stock Analysis

How is the LTC UQS Score Calculated?

The UQS (Unified Quality Score) for LTC Properties, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses LTC Properties, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether LTC Properties, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.