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
International Business Machines Corp. (IBM) Monday predicted that Cyber Monday online sales would grow by more than 18 percent compared to 2014. Driven by a surge in mobile shopping, consumers indicate that Samsung, Sony and LG TVs as well as Apple Watch and Beats by Dre are at the top of their shopping... As the Black Friday din settles down, it is time to look back at how various players and products fared and Adobe has offered some insight into just that. Mobiles and smartphones sold like hot cakes, according to online shopping data released by Adobe. After nearly a 2-year hiatus following its announcement that it is testing unmanned drones, Amazon finally offered a glimpse into the prototype and its functioning. It remains to be see if the company can work around regulatory hurdles to make it a reality.
comments powered by Disqus
Trade LTC now with 
Follow RTT