LTC Properties (LTC)
Market Price (12/18/2025): $34.5 | Market Cap: $1.6 BilSector: Real Estate | Industry: Health Care REITs
LTC Properties (LTC)
Market Price (12/18/2025): $34.5Market Cap: $1.6 BilSector: Real EstateIndustry: Health Care REITs
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.2%, Dividend Yield is 6.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.1%, FCF Yield is 7.7% | Weak multi-year price returns2Y Excs Rtn is -26%, 3Y Excs Rtn is -60% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 55% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 11% | Key risksLTC key risks include [1] a dependence on a concentrated group of operators whose opaque financial health shows signs of stress, Show more. | |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 53% | ||
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 57%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 57% | ||
| Low stock price volatilityVol 12M is 17% | ||
| Megatrend and thematic driversMegatrends include Aging Population & Chronic Disease. Themes include Geriatric Care. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.2%, Dividend Yield is 6.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.1%, FCF Yield is 7.7% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 11% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 53% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 57%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 57% |
| Low stock price volatilityVol 12M is 17% |
| Megatrend and thematic driversMegatrends include Aging Population & Chronic Disease. Themes include Geriatric Care. |
| Weak multi-year price returns2Y Excs Rtn is -26%, 3Y Excs Rtn is -60% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 55% |
| Key risksLTC key risks include [1] a dependence on a concentrated group of operators whose opaque financial health shows signs of stress, Show more. |
Valuation, Metrics & Events
LTC Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
1. LTC Properties reported a significant earnings per share (EPS) miss for the third quarter of 2025, with -$0.44 against an anticipated $0.32, marking a -237.5% surprise.
2. The company experienced a notable decline in its net profit margin, which dropped to 38.7% from 47.6% compared to the previous year, with analysts anticipating further contraction.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LTC Return | -8% | -7% | 11% | -3% | 15% | 6% | 12% |
| Peers Return | -17% | 10% | -14% | 15% | 19% | 26% | 35% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| LTC Win Rate | 50% | 50% | 58% | 33% | 83% | 58% | |
| Peers Win Rate | 60% | 53% | 42% | 57% | 67% | 62% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| LTC Max Drawdown | -43% | -15% | -2% | -10% | -5% | -3% | |
| Peers Max Drawdown | -57% | -10% | -26% | -13% | -15% | -6% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: VTR, HR, SBRA, UHT, WELL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/17/2025 (YTD)
How Low Can It Go
| Event | LTC | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -31.1% | -25.4% |
| % Gain to Breakeven | 45.1% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -49.4% | -33.9% |
| % Gain to Breakeven | 97.8% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -33.8% | -19.8% |
| % Gain to Breakeven | 51.1% | 24.7% |
| Time to Breakeven | 546 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -51.8% | -56.8% |
| % Gain to Breakeven | 107.5% | 131.3% |
| Time to Breakeven | 1,139 days | 1,480 days |
Compare to VTR, HR, SBRA, UHT, WELL
In The Past
LTC Properties's stock fell -31.1% during the 2022 Inflation Shock from a high on 8/30/2022. A -31.1% loss requires a 45.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select past ideas related to LTC. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | MPW | Medical Properties Trust | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -3.6% | -3.6% | -5.8% |
| 09302022 | LTC | LTC Properties | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | -3.3% | -8.4% | -13.4% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | MPW | Medical Properties Trust | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -3.6% | -3.6% | -5.8% |
| 09302022 | LTC | LTC Properties | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | -3.3% | -8.4% | -13.4% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for LTC Properties
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 38.54 |
| Mkt Cap | 5.3 |
| Rev LTM | 965 |
| Op Inc LTM | 195 |
| FCF LTM | 249 |
| FCF 3Y Avg | 270 |
| CFO LTM | 402 |
| CFO 3Y Avg | 402 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.1% |
| Rev Chg 3Y Avg | 11.1% |
| Rev Chg Q | 13.6% |
| QoQ Delta Rev Chg LTM | 3.2% |
| Op Mgn LTM | 26.0% |
| Op Mgn 3Y Avg | 25.1% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 42.4% |
| CFO/Rev 3Y Avg | 42.0% |
| FCF/Rev LTM | 37.0% |
| FCF/Rev 3Y Avg | 35.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.3 |
| P/S | 5.9 |
| P/EBIT | 19.4 |
| P/E | 40.2 |
| P/CFO | 13.4 |
| Total Yield | 5.8% |
| Dividend Yield | 6.3% |
| FCF Yield 3Y Avg | 5.8% |
| D/E | 0.6 |
| Net D/E | 0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -2.0% |
| 3M Rtn | 3.3% |
| 6M Rtn | 12.0% |
| 12M Rtn | 15.4% |
| 3Y Rtn | 54.2% |
| 1M Excs Rtn | -2.7% |
| 3M Excs Rtn | 1.0% |
| 6M Excs Rtn | -0.4% |
| 12M Excs Rtn | 3.7% |
| 3Y Excs Rtn | -18.7% |
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/4/2025 | 0.0% | 1.7% | -0.6% |
| 8/4/2025 | 1.2% | 3.1% | 4.8% |
| 5/5/2025 | 3.5% | 2.7% | 1.4% |
| 2/24/2025 | -0.8% | 2.6% | 0.4% |
| 10/28/2024 | 6.0% | 5.0% | 8.8% |
| 7/29/2024 | -6.1% | -6.4% | -2.6% |
| 4/29/2024 | 1.9% | 2.4% | 3.9% |
| 2/15/2024 | 0.1% | 1.8% | 3.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 14 | 13 |
| # Negative | 13 | 10 | 11 |
| Median Positive | 1.8% | 2.5% | 5.1% |
| Median Negative | -2.3% | -3.7% | -6.8% |
| Max Positive | 6.0% | 5.1% | 15.2% |
| Max Negative | -6.1% | -6.7% | -43.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11042025 | 10-Q 9/30/2025 |
| 6302025 | 8042025 | 10-Q 6/30/2025 |
| 3312025 | 5052025 | 10-Q 3/31/2025 |
| 12312024 | 2242025 | 10-K 12/31/2024 |
| 9302024 | 10282024 | 10-Q 9/30/2024 |
| 6302024 | 7292024 | 10-Q 6/30/2024 |
| 3312024 | 4292024 | 10-Q 3/31/2024 |
| 12312023 | 2152024 | 10-K 12/31/2023 |
| 9302023 | 10262023 | 10-Q 9/30/2023 |
| 6302023 | 7272023 | 10-Q 6/30/2023 |
| 3312023 | 4272023 | 10-Q 3/31/2023 |
| 12312022 | 2162023 | 10-K 12/31/2022 |
| 9302022 | 10272022 | 10-Q 9/30/2022 |
| 6302022 | 7282022 | 10-Q 6/30/2022 |
| 3312022 | 4282022 | 10-Q 3/31/2022 |
| 12312021 | 2172022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |