Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

LTC Properties Q4 FFO Rises - Quick Facts

RELATED NEWS
Trade LTC now with 

LTC Properties Inc. (LTC: Quote) 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.

Register
To receive FREE breaking news email alerts for LTC Properties and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Consumers spent less in July than in the previous month, a surprise retreat that complicates the prevailing belief that the U.S. economic situation is improving. Along with the unexpected drop in spending, government figures released on Friday showed that incomes rose at a slower pace in July than in the previous month. Meanwhile, data on prices indicated that inflation pressures remain tame. India's economy grew faster-than-expected in the three months to June and at the strongest pace in two years, preliminary figures from the Central Statistics Office revealed Friday. Gross domestic product grew 5.7 percent in the April to June quarter, which exceeded economists' forecast for 5.5 percent expansion. The economy grew 4.6 percent in the previous three months. Eurozone inflation slowed as expected in August on falling energy prices giving room for the central bank to support demand and economic recovery without stoking inflation and help the region to create more jobs. The unemployment rate remained unchanged at an elevated level in July. Nonetheless, it was at the lowest since September 2012.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.