LTC Properties (LTC) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $14.3 million, or $0.36 per share. This compares with $13.6 million, or $0.35 per share, in last year's first quarter.
Excluding items, LTC Properties reported adjusted earnings of $23.6 million or $0.60 per share for the period.
Analysts on average had expected the company to earn $0.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.2% to $40.8 million from $40.3 million last year.
LTC Properties earnings at a glance (GAAP) :
-Earnings (Q1): $14.3 Mln. vs. $13.6 Mln. last year.
-EPS (Q1): $0.36 vs. $0.35 last year.
-Analyst Estimate: $0.38
-Revenue (Q1): $40.8 Mln vs. $40.3 Mln last year.
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