LTC Q1 2024 Earnings — LTC Properties, Inc. Revenue & Financial Results | Market Cap Arena

LTCLTC Properties, Inc.

$2B

Q1 2024 Earnings

Real Estate REIT - Healthcare Facilities

Income Statement

Revenue

$51M+3.8% YoY

Gross Profit

$48M93.4% margin

Operating Income

$24M47.3% margin

Net Income

$24M47.2% margin

EPS (Diluted)

$0.56

QoQ Revenue Growth

+2.3%

Cash Flow

Operating Cash Flow

$21M

Free Cash Flow

$21M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.8B

Total Liabilities

$900M

Stockholders' Equity

$886M

Cash & Equivalents

$9M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$51M	$50M	+3.8%
Gross Profit	$48M	$46M	+3.8%
Operating Income	$24M	$33M	-26.7%
Net Income	$24M	$33M	-26.9%