logo
Share SHARE
FONT-SIZE Plus   Neg

LTC Properties Q4 FFO Rises - Quick Facts

LTC Properties Inc. (LTC) reported that its fourth-quarter Funds from Operations or FFO increased 25.0% to $16.8 million from $13.4 million in the comparable 2010 period. FFO per common share for the fourth quarter increased 7.8% to $0.55 from $0.51 in the year ago quarter.

The Company reported a 29.6% increase in normalized Funds from Operations to $16.9 million for the quarter, from $13.1 million from the comparable 2010 period.

Normalized FFO per common share was $0.55, an increase of 12.2% from $0.49 for the comparable 2010 period. The increase in normalized FFO per common share was due to higher revenues resulting primarily from acquisitions partially offset by an increase in interest expense and higher weighted average diluted shares outstanding.

Net income available to common stockholders was $11.7 million or $0.39 per share, compared to net income available to common stockholders was $9.6 million or $0.37 per share last year.

Revenues for the quarter rose to $22.30 million from $19.82 million in the prior year quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.54 per share on revenues of $21.71 million for the quarter. Analysts' estimates typically exclude special items.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
General Motors (GM) luxury brand is offering 400 dealers as it reshapes the brand's image to better compete with rivals, according to media reports. The Detroit auto maker will provide as much as $180,000 in "transition assistance" to U.S. Cadillac dealers unwilling to invest in a set of new standards... Hotwire of Expedia Inc. cautioned customers about a fake fax memo. The memo, offering deep travel discounts, has an old corporate Hotwire logo in it to falsely imply a connection with Hotwire. It carries phone numbers which are not related to travel booking site. A Singapore-based music start-up has acquired a 49 percent stake in the iconic music and pop culture-focused magazine Rolling Stone, becoming the first outsider investor in the magazine. Financial terms of the deal, which will enable Rolling Magazine to expand its international reach, were not disclosed.
comments powered by Disqus
Follow RTT