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LTC Properties Inc (LTC.N)

LTC.N on New York Stock Exchange

44.03USD
22 Jan 2019
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Latest Key Developments (Source: Significant Developments)

LTC Says Senior Care, Which Leases Some Of Its Properties, Files For Bankruptcy
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - LTC Properties Inc ::LTC OPERATOR FILES FOR BANKRUPTCY.SAYS SENIOR CARE CENTERS FILED FOR CHAPTER 11 BANKRUPTCY.SAYS AS OF THIS FILING, LTC HAS NOT RECEIVED RENT FOR DECEMBER.SAYS SENIOR CARE CENTERS FILED FOR BANKRUPTCY RESULTING FROM LEASE TERMINATIONS FROM SOME LANDLORDS, ON-GOING OPERATIONAL CHALLENGES.SAYS AS SECURITY UNDER LEASE, LTC HOLDS LETTER OF CREDIT OF ABOUT $2 MILLION, MAINTENANCE & REPAIR ESCROWS, PROPERTY TAX ESCROWS.SAYS HAD PREVIOUSLY REQUESTED CONSENSUAL TERMINATION OF LEASE & NOW HAS STRONGLY URGED SENIOR CARE TO REJECT LTC'S LEASE IN BANKRUPTCY.SAYS CURRENTLY DISCUSSING PROPERTIES WITH ANOTHER TEXAS OPERATOR UNDER SIMILAR TERMS AS SENIOR CARE LEASE.SAYS SENIOR CARE LEASES SOME SKILLED NURSING CENTERS LOCATED IN TEXAS UNDER A MASTER LEASE FROM LTC.  Full Article

LTC Announces Reduced Pricing And Extension Of Unsecured Credit Facility
Thursday, 28 Jun 2018 

June 28 (Reuters) - LTC Properties Inc ::LTC ANNOUNCES REDUCED PRICING AND EXTENSION OF UNSECURED CREDIT FACILITY.LTC PROPERTIES - ENTERED SECOND AMENDED & RESTATED UNSECURED CREDIT AGREEMENT TO REPLACE LTC'S PREVIOUS UNSECURED CREDIT AGREEMENT DATED OCT 14, 2014.LTC PROPERTIES INC - CREDIT AGREEMENT PROVIDES FOR OPPORTUNITY TO INCREASE COMMITMENT SIZE OF CREDIT AGREEMENT UP TO A TOTAL OF $1 BILLION.LTC PROPERTIES - CREDIT AGREEMENT EXTENDS MATURITY OF CREDIT AGREEMENT TO JUNE 27, 2022, PROVIDES FOR A ONE-YEAR EXTENSION OPTION AT LTC'S DISCRETION.  Full Article

LTC Sells Portfolio Of Six Assisted Living Communities For $67.5 Million
Wednesday, 9 May 2018 

May 9 (Reuters) - LTC Properties Inc ::LTC REPORTS 2018 FIRST QUARTER RESULTS; SELLS PORTFOLIO OF SIX ASSISTED LIVING COMMUNITIES FOR $67.5 MILLION.Q1 FFO PER SHARE $0.75.Q1 FFO PER SHARE VIEW $0.75 -- THOMSON REUTERS I/B/E/S.  Full Article

LTC Sells Portfolio Of Six Assisted Living And Memory Care Communities For $67.5 Mln
Tuesday, 1 May 2018 

May 1 (Reuters) - LTC Properties Inc ::PRESS RELEASE - LTC SELLS PORTFOLIO OF SIX ASSISTED LIVING AND MEMORY CARE COMMUNITIES FOR $67.5 MILLION.LTC PROPERTIES INC - AS A RESULT OF TRANSACTION, LTC EXPECTS TO RECOGNIZE A NET GAIN ON SALE OF APPROXIMATELY $48.0 MILLION IN Q2.  Full Article

LTC Enters $23 Million Joint Venture With New Partners
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Ltc Properties Inc ::LTC ENTERS $23 MILLION JOINT VENTURE WITH NEW PARTNERS.LTC PROPERTIES INC - ‍ ENTERED A REAL ESTATE JOINT-VENTURE RELATIONSHIP WITH AFFILIATES OF TEALWOOD SENIOR LIVING AND DEVELOPER TUKKA PROPERTIES​.LTC PROPERTIES INC - CONSTRUCTION IS SLATED TO START PRIOR TO 2018, WITH A PLANNED OPENING DATE OF SPRING 2019.LTC PROPERTIES INC - ‍UPON COMPLETION, COMMUNITY WILL BE OPERATED BY AN AFFILIATE OF TEALWOOD SENIOR LIVING UNDER A TRIPLE-NET LEASE WITH JOINT-VENTURE​.  Full Article

LTC Properties says co ‍learned that one of its lessees filed for Chapter 11 bankruptcy
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Ltc Properties Inc ::Says ‍on Nov 14 co learned that one of its lessees, Preferred Care & affiliated entities filed for Chapter 11 bankruptcy - SEC filing.Does not believe Preferred Care's bankruptcy will have a material impact on company's future financial results​.Preferred Care & entities filed for bankruptcy resulting from a legal judgement in lawsuit against preferred & affiliated entities​.Affiliated entities operate properties in Kentucky and New Mexico​.  Full Article

LTC Properties says terminated equity distribution agreement with Canaccord Genuity on Nov 7 - SEC filing​
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - LTC Properties Inc :LTC Properties - ‍on Nov 7, co delivered notice to Canaccord Genuity terminating equity distribution agreement with Canaccord, dated August 1, 2016​.LTC Properties Inc - equity distribution agreement permitted co to offer and sell, up to $200 million shares through canaccord​ - SEC filing.  Full Article

LTC reports Q3 FFO per share $0.76
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - LTC Properties Inc :LTC reports 2017 third quarter results; announces new investment.Q3 FFO per share $0.76.Q3 FFO per share view $0.74 -- Thomson Reuters I/B/E/S.  Full Article