Healthcare REIT LTC Q3 revenue beats expectations, helped by SHOP expansion

LTC Properties

04/11/2025 22:07

Overview

LTC Q3 2025 revenue grows significantly, beating analyst expectations

Company reports Q3 net loss due to non-cash write-offs and increased expenses

LTC raises full-year guidance, driven by acquisitions and SHOP outperformance

Outlook

Company raises full-year 2025 EPS guidance to $2.45-$2.47

LTC expects Q4 2025 Core FFO per share of $0.67-$0.69

Company anticipates closing $70 mln in SHOP acquisitions by year-end

Result Drivers

SHOP EXPANSION - Co attributes revenue growth to conversions of triple-net lease portfolios into SHOP and new SHOP acquisitions

ASSET SALES - Proceeds from selling older skilled nursing centers redeployed for newer SHOP assets

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$69.29 mln
$33.19 mln (3 Analysts)
Q3 EPS
-$0.44


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy."

Wall Street's median 12-month price target for LTC Properties Inc is $37.00, about 4.4% above its November 3 closing price of $35.39

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nBw5h9LFKa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)