Tearsheet

LTC Properties (LTC)


Market Price (12/24/2025): $34.03 | Market Cap: $1.6 Bil
Sector: Real Estate | Industry: Health Care REITs

LTC Properties (LTC)


Market Price (12/24/2025): $34.03
Market Cap: $1.6 Bil
Sector: Real Estate
Industry: Health Care REITs

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.9%, Dividend Yield is 6.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.7%, FCF Yield is 8.4%
Weak multi-year price returns
2Y Excs Rtn is -27%, 3Y Excs Rtn is -67%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 59%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 11%
  Key risks
LTC key risks include [1] a dependence on a concentrated group of operators whose opaque financial health shows signs of stress, Show more.
2 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 53%
  
3 Attractive cash flow generation
CFO/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%
  
4 Low stock price volatility
Vol 12M is 17%
  
5 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease. Themes include Geriatric Care.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.9%, Dividend Yield is 6.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.7%, FCF Yield is 8.4%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 11%
2 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 53%
3 Attractive cash flow generation
CFO/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%
4 Low stock price volatility
Vol 12M is 17%
5 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease. Themes include Geriatric Care.
6 Weak multi-year price returns
2Y Excs Rtn is -27%, 3Y Excs Rtn is -67%
7 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 59%
8 Key risks
LTC 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

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The stock of LTC Properties (LTC) experienced a decline of -4.7% in the approximate period from August 31, 2025, to December 24, 2025. This movement can be attributed to several key factors during this timeframe:

1. 1. Mixed Q3 2025 Earnings Report: LTC Properties reported mixed third-quarter 2025 results on November 4, 2025. While revenue of $69.29 million significantly surpassed analyst expectations, the company posted an earnings per share (EPS) of -$0.44, which was considerably below the consensus estimate. This mixed performance, particularly the EPS miss, likely contributed to negative investor sentiment, despite a modest premarket stock increase of 1.18% immediately following the announcement.

2. 2. Significant Write-Offs Impacting Profitability: The net loss reported in Q3 2025 was primarily due to a substantial non-cash write-off of $41.5 million related to Prestige. These write-offs, while potentially part of a strategic portfolio shift, negatively impacted the reported profitability and could have raised concerns among investors regarding asset quality and future earnings.

3. Show more

Stock Movement Drivers

Fundamental Drivers

The -2.4% change in LTC stock from 9/23/2025 to 12/23/2025 was primarily driven by a -61.7% change in the company's Net Income Margin (%).
923202512232025Change
Stock Price ($)34.8834.04-2.40%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)217.64231.146.21%
Net Income Margin (%)38.24%14.65%-61.69%
P/E Multiple19.1646.37142.03%
Shares Outstanding (Mil)45.7146.12-0.89%
Cumulative Contribution-2.41%

LTM = Last Twelve Months as of date shown

Market Drivers

9/23/2025 to 12/23/2025
ReturnCorrelation
LTC-2.4% 
Market (SPY)3.7%-4.2%
Sector (XLRE)-4.3%53.0%

Fundamental Drivers

The -0.1% change in LTC stock from 6/24/2025 to 12/23/2025 was primarily driven by a -65.3% change in the company's Net Income Margin (%).
624202512232025Change
Stock Price ($)34.0634.04-0.07%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)207.51231.1411.39%
Net Income Margin (%)42.16%14.65%-65.26%
P/E Multiple17.6546.37162.71%
Shares Outstanding (Mil)45.3346.12-1.74%
Cumulative Contribution-0.10%

LTM = Last Twelve Months as of date shown

Market Drivers

6/24/2025 to 12/23/2025
ReturnCorrelation
LTC-0.1% 
Market (SPY)13.7%2.8%
Sector (XLRE)-4.2%51.9%

Fundamental Drivers

The 5.3% change in LTC stock from 12/23/2024 to 12/23/2025 was primarily driven by a 230.9% change in the company's P/E Multiple.
1223202412232025Change
Stock Price ($)32.3334.045.31%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)207.46231.1411.42%
Net Income Margin (%)48.77%14.65%-69.97%
P/E Multiple14.0146.37230.87%
Shares Outstanding (Mil)43.8746.12-5.14%
Cumulative Contribution5.03%

LTM = Last Twelve Months as of date shown

Market Drivers

12/23/2024 to 12/23/2025
ReturnCorrelation
LTC5.3% 
Market (SPY)16.7%19.7%
Sector (XLRE)1.4%58.9%

Fundamental Drivers

The 15.4% change in LTC stock from 12/24/2022 to 12/23/2025 was primarily driven by a 270.4% change in the company's P/E Multiple.
1224202212232025Change
Stock Price ($)29.5034.0415.37%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)166.75231.1438.61%
Net Income Margin (%)56.92%14.65%-74.27%
P/E Multiple12.5246.37270.45%
Shares Outstanding (Mil)40.2746.12-14.53%
Cumulative Contribution12.94%

LTM = Last Twelve Months as of date shown

Market Drivers

12/24/2023 to 12/23/2025
ReturnCorrelation
LTC19.3% 
Market (SPY)48.4%21.3%
Sector (XLRE)7.1%55.0%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
LTC Return-8%-7%11%-3%15%5%11%
Peers Return-17%10%-14%15%19%25%33%
S&P 500 Return16%27%-19%24%23%17%114%

Monthly Win Rates [3]
LTC Win Rate50%50%58%33%83%58% 
Peers Win Rate60%53%42%57%67%60% 
S&P 500 Win Rate58%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 12/23/2025 (YTD)

How Low Can It Go

Unique KeyEventLTCS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-31.1%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven45.1%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-49.4%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven97.8%51.3%
2020 Covid PandemicTime to BreakevenTime to BreakevenNot Fully Recovered days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-33.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven51.1%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven546 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-51.8%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven107.5%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1,139 days1,480 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.

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About LTC Properties (LTC)

LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds 181 investments in 27 states with 29 operating partners. The portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties.

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  • Realty Income for seniors housing and healthcare properties.
  • American Tower for healthcare infrastructure.

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  • Property Leasing: Leasing seniors housing and skilled nursing properties to various healthcare operators under long-term agreements.
  • Mortgage Financing: Providing mortgage loans for the acquisition, development, or refinancing of healthcare properties.

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LTC Properties (LTC) primarily sells to other companies, specifically healthcare and senior living operators that lease its properties. Based on recent investor information, its major customers (tenants) include:

  • Prestige Healthcare
  • Signature Healthcare
  • Brookdale Senior Living (NYSE: BKD)
  • Capital Senior Living (NYSE: CSU)
  • Humphrey Management

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Here is the management team for LTC Properties:

Wendy Simpson Executive Chairman

Wendy Simpson has been appointed Executive Chairman of LTC Properties' Board of Directors, effective December 31, 2024. She served as LTC's Chief Executive Officer since 2007, having joined the company in 2000. Her extensive tenure at LTC has included roles such as Vice Chairman, President, Chief Operating Officer, Chief Financial Officer, and Treasurer. Prior to her time at LTC, Ms. Simpson held executive positions in public companies that owned acute care hospitals, long-term acute care hospitals, psychiatric hospitals, and home health services.

Pam Kessler Co-Chief Executive Officer

Pam Kessler will assume the role of Co-Chief Executive Officer, effective December 31, 2024, and retains her title as Co-President, a position she has held since 2020. She joined LTC Properties in 2000 as Controller and previously served as Chief Financial Officer since 2007. Before joining LTC, Ms. Kessler was the Corporate Controller for a privately held commercial and multifamily real estate developer. She also served as the Director of Financial Reporting for Irvine Apartment Communities, an apartment REIT, and as Assistant Controller of the Inland Empire division of KB Home, a publicly traded homebuilder.

Clint Malin Co-Chief Executive Officer

Clint Malin will become Co-Chief Executive Officer, effective December 31, 2024, and continues in his role as Co-President, which he has held since 2020. He joined LTC in 2004 as Chief Investment Officer. Prior to his work at LTC, Mr. Malin was the Vice President of Corporate Real Estate for Sun Healthcare Group, Inc. (now Genesis HealthCare), where he was responsible for acquisitions and portfolio management.

Cece Chikhale Chief Financial Officer

Cece Chikhale has been promoted to Chief Financial Officer, effective December 31, 2024. She has been LTC's Chief Accounting Officer since 2020 and has served as Controller and Treasurer since 2007. Ms. Chikhale joined LTC in 2002 as an Accounting Manager and also held positions as Assistant Controller and Assistant Treasurer. Before joining LTC, she was a Senior Auditor at Ernst & Young.

Gibson Satterwhite Executive Vice President, Asset Management

Gibson Satterwhite was appointed Executive Vice President in February 2025. He has been LTC's Senior Vice President of Asset Management since 2020 and joined the company in 2016 as an Asset Manager. He also served as Vice President, Asset Management. Prior to his tenure at LTC, Mr. Satterwhite held executive financial positions in privately held companies within the seniors housing and manufacturing sectors. He began his career in equity research at Citigroup Asset Management and has over 15 years of investment and operations experience.

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The key risks to LTC Properties' business are primarily centered around its reliance on its operators, the highly regulated healthcare environment, and its debt structure.

  1. Dependence on Operator Financial Health and Tenant Concentration: LTC Properties' revenue and cash flow are substantially derived from the financial performance and stability of its operators. There is a risk associated with tenant concentration, and the quality and financial health of some private operators are described as opaque, with some showing signs of stress. Any financial difficulties faced by these operators, possibly due to low occupancy or high operating costs, could negatively impact LTC's rental income and overall financial performance.
  2. Healthcare Regulatory and Reimbursement Changes: Operating within the heavily regulated healthcare industry, LTC Properties is exposed to risks from potential changes in federal and state healthcare policies, including alterations to Medicare or Medicaid reimbursement rates. Such changes could adversely affect the financial stability of LTC's tenants, potentially leading to increased credit risk and reduced rental income.
  3. Debt Maturities and Financial Flexibility: LTC Properties faces significant debt maturities in 2026, which requires ongoing monitoring. The company's overall financial health indicators and its ongoing issuance of new debt are factors that investors should remain vigilant about, as they could impact its financial flexibility and ability to secure additional financing.

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The increasing viability and preference for "Aging in Place," significantly enhanced by emerging technologies such as advanced remote patient monitoring, telehealth, home health robotics, and expanded "Hospital-at-Home" programs, poses a clear emerging threat. These advancements enable seniors with increasing care needs to remain in their homes for longer periods, potentially reducing the demand for traditional assisted living, memory care, and skilled nursing facilities. This shift could lead to lower occupancy rates for LTC Properties' tenants, impacting their rental income and the long-term valuation of LTC's real estate portfolio.

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LTC Properties (symbol: LTC) primarily invests in seniors housing and skilled nursing facilities across the United States. Its portfolio consists of approximately 60% seniors housing and 40% skilled nursing properties. The company generates revenue through rental income from leased properties and interest income from mortgage loans.

The addressable markets for LTC Properties' main products and services in the U.S. are as follows:

  • U.S. Senior Living Market: The U.S. senior living market was estimated at approximately $907.59 billion in 2024 and is projected to reach $1.33 trillion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 4.42% from 2025 to 2033. Another estimate places the market at $923.75 billion in 2023, with a projection to reach $1.39 trillion by 2033, at a CAGR of 4.18% from 2024 to 2033.
  • U.S. Skilled Nursing Facilities Market: This market was estimated at around $199.72 billion in 2024 and is expected to reach $290.02 billion by 2033, exhibiting a CAGR of 4.39% from 2025 to 2033. Other reports estimate the market at $202.4 billion in 2025, with a projected growth to $279.9 billion by 2035 at a CAGR of 3.3% from 2025 to 2035.
  • U.S. Healthcare Real Estate Market (Overall): The broader U.S. healthcare real estate market, which encompasses both senior living and skilled nursing facilities, was valued at $1.32 trillion in 2024 and is projected to reach $1.87 trillion by 2030, with a CAGR of 6.20%.

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LTC Properties (NYSE: LTC) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

  1. Expansion of the Senior Housing Operating Portfolio (SHOP) through acquisitions and conversions: LTC Properties is actively growing its Senior Housing Operating Portfolio (SHOP) segment. This involves acquiring new senior housing properties and converting existing triple-net leases into SHOP structures, which is projected to significantly boost Net Operating Income (NOI) from this segment. The company has a substantial investment pipeline, with plans to deploy significant capital into new investments, predominantly in SHOP, which is expected to more than double the size of its SHOP portfolio.
  2. Rent escalations and fair market rent resets: The company benefits from contractual rent increases embedded in its existing lease agreements. Additionally, LTC Properties is realizing revenue growth from fair market rent resets on a portion of its portfolio, contributing to higher rental income.
  3. Improved occupancy rates within the SHOP segment: For both newly acquired and converted SHOP properties, an anticipated increase in occupancy rates is a significant driver of revenue growth. As these facilities stabilize and attract more residents, their net operating income is expected to rise.
  4. Strategic portfolio repositioning towards senior housing: LTC Properties is strategically optimizing its asset portfolio by divesting older skilled nursing facilities and reinvesting the proceeds into newer, higher-growth senior housing assets. This repositioning aligns with favorable demographic shifts, specifically the increasing population of individuals aged 65 and over, which is expected to drive sustained demand for senior housing.

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Share Issuance

  • LTC Properties plans to fund new investments through proceeds from the sales of common stock under the company's At-The-Market (ATM) program.
  • During the third quarter of 2025 and subsequently, LTC sold 1.5 million shares via its ATM program, generating approximately $56 million in net proceeds.
  • As of September 30, 2025, LTC had the capacity to issue up to $330.3 million of common stock under its equity distribution agreements.

Outbound Investments

  • LTC Properties had a projected investment pipeline of $460 million for 2025, with approximately 85% closed through November 4, 2025, and over $290 million allocated to its Senior Housing Operating Portfolio (SHOP).
  • Notable acquisitions in 2025 include a $195 million SHOP acquisition of five seniors housing communities in Wisconsin, a $40 million SHOP acquisition of two communities in Kentucky, and a $23 million SHOP acquisition of a community in Georgia.
  • The company is actively managing its portfolio by selling older skilled nursing centers, such as $79 million in sales of five properties in Virginia and California in October 2025, to redeploy capital into newer SHOP assets and increase exposure to seniors housing.

Capital Expenditures

  • For 2025, LTC increased its SHOP FAD capital expenditures to a range of $660,000 to $920,000, or approximately $1,200 to $1,400 annualized per unit.
  • The primary focus of capital expenditures and investments is on acquiring newer, stabilized Senior Housing Operating Portfolio (SHOP) assets to enhance the portfolio.

Better Bets than LTC Properties (LTC)

Trade Ideas

Select ideas related to LTC. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MPW_10312025_Short_Squeeze10312025MPWMedical Properties TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
-1.3%-1.3%-5.8%
LTC_9302022_Quality_Momentum_RoomToRun_10%09302022LTCLTC PropertiesQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
-3.3%-8.4%-13.4%

Recent Active Movers

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Peer Comparisons for LTC Properties

Peers to compare with:

Financials

LTCVTRHRSBRAUHTWELLMedian
NameLTC Prop.Ventas Healthca.Sabra He.Universa.Welltower 
Mkt Price34.0479.1116.7618.5439.27186.8636.66
Mkt Cap1.636.15.94.40.5125.65.2
Rev LTM2315,5551,185745999,752965
Op Inc LTM12381861267361,580195
FCF LTM131968157341492,746249
FCF 3Y Avg120687228313462,065270
CFO LTM1311,549463341492,787402
CFO 3Y Avg1201,297491313462,113402

Growth & Margins

LTCVTRHRSBRAUHTWELLMedian
NameLTC Prop.Ventas Healthca.Sabra He.Universa.Welltower 
Rev Chg LTM11.4%15.7%-6.8%8.9%0.7%32.6%10.1%
Rev Chg 3Y Avg11.6%10.7%24.9%7.8%4.2%20.9%11.1%
Rev Chg Q24.2%20.4%-5.6%6.8%3.3%30.7%13.6%
QoQ Delta Rev Chg LTM6.2%4.8%-1.5%1.6%0.8%6.8%3.2%
Op Mgn LTM53.2%14.7%5.2%35.8%35.8%16.2%26.0%
Op Mgn 3Y Avg58.3%12.0%4.6%35.5%35.1%15.1%25.1%
QoQ Delta Op Mgn LTM-5.1%0.0%1.1%-1.3%-0.4%0.7%-0.2%
CFO/Rev LTM56.8%27.9%39.1%45.8%49.0%28.6%42.4%
CFO/Rev 3Y Avg56.9%26.3%38.8%45.2%46.9%26.8%42.0%
FCF/Rev LTM56.8%17.4%13.2%45.8%49.0%28.2%37.0%
FCF/Rev 3Y Avg56.9%13.8%17.8%45.2%46.9%26.1%35.7%

Valuation

LTCVTRHRSBRAUHTWELLMedian
NameLTC Prop.Ventas Healthca.Sabra He.Universa.Welltower 
Mkt Cap1.636.15.94.40.5125.65.2
P/S6.86.55.06.05.512.96.2
P/EBIT21.545.1-37.915.413.783.718.5
P/E46.4151.6-16.025.430.3130.838.3
P/CFO12.023.312.713.011.245.112.9
Total Yield8.9%2.9%0.8%10.4%10.8%0.8%5.9%
Dividend Yield6.7%2.3%7.0%6.4%7.5%0.0%6.6%
FCF Yield 3Y Avg7.8%2.8%3.7%7.9%8.0%2.7%5.8%
D/E0.60.40.80.60.70.10.6
Net D/E0.60.30.80.50.70.10.6

Returns

LTCVTRHRSBRAUHTWELLMedian
NameLTC Prop.Ventas Healthca.Sabra He.Universa.Welltower 
1M Rtn-4.8%-0.2%-6.2%-1.0%-1.2%-6.5%-3.0%
3M Rtn-2.4%16.2%-4.8%0.5%1.3%8.7%0.9%
6M Rtn-0.1%26.7%11.1%3.4%-0.2%22.2%7.2%
12M Rtn5.3%38.2%6.1%17.3%14.2%51.4%15.8%
3Y Rtn15.4%93.1%10.5%89.2%0.4%208.3%52.3%
1M Excs Rtn-9.5%-4.8%-10.8%-5.7%-5.9%-11.2%-7.7%
3M Excs Rtn-8.2%12.2%-8.2%-3.0%-1.1%5.6%-2.0%
6M Excs Rtn-11.8%13.0%-3.0%-8.6%-11.1%9.4%-5.8%
12M Excs Rtn-12.9%23.3%-10.5%0.8%-3.5%35.8%-1.3%
3Y Excs Rtn-66.7%17.4%-69.6%12.3%-77.4%132.5%-27.2%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Single Segment197    
Interest and other income 5123
Interest income from financing receivables 2   
Interest income from mortgage loans 41333130
Rental income 128121126153
Total197175155159185


Price Behavior

Price Behavior
Market Price$34.04 
Market Cap ($ Bil)1.6 
First Trading Date08/25/1992 
Distance from 52W High-6.6% 
   50 Days200 Days
DMA Price$35.03$34.43
DMA Trendindeterminateindeterminate
Distance from DMA-2.8%-1.1%
 3M1YR
Volatility15.3%17.0%
Downside Capture-17.389.96
Upside Capture-25.7613.46
Correlation (SPY)-5.6%19.5%
LTC Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta0.040.00-0.000.070.190.35
Up Beta0.730.870.790.710.330.33
Down Beta0.29-0.26-0.29-0.300.090.25
Up Capture20%-10%-3%9%8%13%
Bmk +ve Days13263974142427
Stock +ve Days11213069133400
Down Capture-40%-14%-16%-9%20%70%
Bmk -ve Days7162452107323
Stock -ve Days7193154111340

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of LTC With Other Asset Classes (Last 1Y)
 LTCSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return3.1%2.0%18.8%72.9%9.0%3.7%-11.4%
Annualized Volatility17.0%17.0%19.5%19.2%15.3%17.2%35.0%
Sharpe Ratio0.02-0.050.762.720.360.05-0.14
Correlation With Other Assets 59.1%19.6%16.9%10.5%59.1%0.2%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of LTC With Other Asset Classes (Last 5Y)
 LTCSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return3.5%5.4%14.8%18.9%11.8%4.7%35.5%
Annualized Volatility20.9%19.1%17.1%15.5%18.7%18.9%48.9%
Sharpe Ratio0.110.200.700.980.510.160.62
Correlation With Other Assets 56.9%31.9%14.5%11.6%59.9%11.0%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of LTC With Other Asset Classes (Last 10Y)
 LTCSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return3.9%6.4%14.8%15.1%6.8%5.4%69.1%
Annualized Volatility27.1%20.6%18.0%14.8%17.6%20.8%55.8%
Sharpe Ratio0.180.270.710.850.310.230.90
Correlation With Other Assets 69.3%49.1%10.4%19.9%74.6%13.2%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date11282025
Short Interest: Shares Quantity2,195,941
Short Interest: % Change Since 1115202513.7%
Average Daily Volume458,745
Days-to-Cover Short Interest4.79
Basic Shares Quantity46,123,000
Short % of Basic Shares4.8%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/4/20250.0%1.7%-0.6%
8/4/20251.2%3.1%4.8%
5/5/20253.5%2.7%1.4%
2/24/2025-0.8%2.6%0.4%
10/28/20246.0%5.0%8.8%
7/29/2024-6.1%-6.4%-2.6%
4/29/20241.9%2.4%3.9%
2/15/20240.1%1.8%3.1%
...
SUMMARY STATS   
# Positive111413
# Negative131011
Median Positive1.8%2.5%5.1%
Median Negative-2.3%-3.7%-6.8%
Max Positive6.0%5.1%15.2%
Max Negative-6.1%-6.7%-43.3%

SEC Filings

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Report DateFiling DateFiling
93020251104202510-Q 9/30/2025
6302025804202510-Q 6/30/2025
3312025505202510-Q 3/31/2025
12312024224202510-K 12/31/2024
93020241028202410-Q 9/30/2024
6302024729202410-Q 6/30/2024
3312024429202410-Q 3/31/2024
12312023215202410-K 12/31/2023
93020231026202310-Q 9/30/2023
6302023727202310-Q 6/30/2023
3312023427202310-Q 3/31/2023
12312022216202310-K 12/31/2022
93020221027202210-Q 9/30/2022
6302022728202210-Q 6/30/2022
3312022428202210-Q 3/31/2022
12312021217202210-K 12/31/2021