LTC Properties Q2 FFO Rises - Quick Facts

(RTTNews) - LTC Properties Inc. (LTC) Thursday reported second-quarter funds from operations, or FFO, of $19.1 million, up from $17.6 million in the same period last year. On a per-share basis, FFO was $0.57 per share.

Normalized FFO for the quarter was $19.2 million or $0.57 per share. On average, eight analysts polled by Thomson Reuters expected the company to report FFO of $0.57 per share for the quarter. Analysts' estimates typically exclude special items.

Second-quarter earnings available to common stockholders dropped to $12.0 million or $0.36 per share from $12.2 million or $0.40 per share last year.

Revenues totaled $25.68 million, up from $23.06 million last year. Analysts expected revenues of $25.32 million.