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
Alteryx, Inc., a provider of self-service data analytics software, is the latest tech company to go public in March. Alteryx said it has priced its IPO of 9 million shares of its Class A common stock at $14 per share, at the top end of its range of $12 to $14 per share. Dunkin' Donuts is bidding adieu to one of its frozen coffee beverages this summer. However, loyal fans of the decades-old menu staple have not taken kindly to the news. The coffee chain said it will discontinue its popular Coffee Coolatta beverage this summer and instead, introduce the new Frozen Dunkin' Coffee, made with coffee extract, sugar and milk. Canadian pipeline operator Enbridge Inc. said it will cut about 1,000 jobs, or six percent of its workforce, following the completion of its acquisition of Houston-based Spectra Energy Corp. The job cuts will take place across the merged company.
comments powered by Disqus
Follow RTT