LTC Properties Inc

NYSE:LTCReal EstateCBOEFTSE:MRUTNASDAQ:NQUSSG

——At close · Market cap — · Next earnings Tue 3 Nov

LTC · Income statement · TradingHolo

USD millions	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	TTM	YoY
Revenue	159.3	155.3	175.2	197.2	209.8	262.9	348.0	+32.4%
Cost of revenue	15.1	15.4	15.5	13.3	12.9	65.4	168.7	+158.1%
Gross profit	144.3	139.9	159.7	184.0	196.9	197.5	180.9	−8.4%
Research & development	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Selling, general & administrative	19.7	21.5	23.7	24.3	27.2	32.0	—	—
Selling & marketing	0.0	0.0	0.0	0.0	0.0	0.9	—	—
Operating expenses	48.6	85.1	60.6	94.0	104.5	70.7	220.2	+211.3%
Operating income	95.6	54.8	99.1	90.0	92.4	126.7	196.9	+55.3%
Interest expense	29.7	27.4	31.4	47.0	40.3	35.3	—	—
Interest income	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Other income / expense	0.0	1.4	1.5	1.5	2.4	(2.7)	—	—
Pre-tax income	95.7	56.2	100.6	91.5	94.9	124.1	53.8	−56.6%
Income tax	0.0	0.0	0.0	0.0	0.0	0.2	0.5	+199.4%
Net income	95.3	55.9	100.0	89.7	91.0	118.0	141.3	+19.8%
Discontinued operations	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Other net income adjustments	0.0	0.0	0.0	0.0	0.0	0.0	—	—
EPS, basic (per share)	2.42	1.41	2.49	2.16	2.07	2.55	2.75	+7.7%
EPS, diluted (per share)	2.42	1.41	2.48	2.16	2.04	2.52	2.72	+8.0%
EBITDA	164.5	121.9	169.5	175.9	171.6	197.2	241.6	+22.5%
Depreciation & amortization	39.1	38.3	37.5	37.4	36.4	37.9	44.4	+17.3%
Weighted average shares (shares)	39,179,000	39,156,000	39,894,000	41,272,000	43,743,000	46,230,000	—	—
Weighted average diluted shares (shares)	39,264,000	39,156,000	40,067,000	41,358,000	44,241,000	46,560,000	—	—
Gross margin	90.5%	90.1%	91.2%	93.3%	93.8%	75.1%	52.0%	−23.1 pts
Operating margin	60.0%	35.3%	56.6%	45.6%	44.0%	48.2%	56.6%	+8.4 pts
Net margin	59.8%	36.0%	57.1%	45.5%	43.4%	44.9%	40.6%	−4.3 pts

USD millionsUpdated Wed 5 Aug ·

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Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.

TTM ends 2026-06-30 and uses four consecutive reported quarters.