Slide 1: Supplemental Operating and Financial Data September 30, 2012
Supplemental Operating and Financial Data September 30, 2012 (Unaudited) Cincinnati, OH 144 licensed beds
Slide 2: Table of Contents
Table of Contents 2 CORPORATE Company Information 3 Additional Information 4 Forward-Looking Statements & Non-GAAP Information 5 Acquisitions & Developments 6-8 Real Estate Portfolio Summary 9 Real Estate Portfolio Metrics 10-11 Real Estate Portfolio Diversification 12-14 Top Ten Operators - Owned P
Slide 3: Company Information
3 Company Information CORPORATE Andre Dimitriadis Wendy Simpson Edmund King Executive Chairman Timothy Triche, MD Boyd Hendrickson Devra Shapiro Lead Director Andre Dimitriadis Wendy Simpson Pam Kessler Executive Chairman Chief Executive Officer and President Executive Vice President and Chief Finan
Slide 4: Additional Information
4 CORPORATE Additional Information BMO Capital Markets Corp. J.J. B. Hilliard, W.L. Lyons, Inc. JMP Securities, LLC Richard Anderson John Roberts Peter Martin KeyBanc Capital Markets, Inc. RBC Capital Markets Corporation Sandler O'Neill + Partners, L.P. Karin Ford Mike Carroll James Milam Sidoti & C
Slide 5: Forward-Looking Statements
5 Forward-Looking Statements This supplemental information contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, adopted pursuant to the Private Securities Litigation Reform
Slide 6: Acquisitions and Developments
6 Acquisitions and Developments REAL ESTATE PORTFOLIO (dollar amounts in thousands) (1) GAAP yield assumes a total purchase price of $45,000 which includes $41,000 of cash paid at closing and $4,000 paid on August 31, 2011. (2) This property was added to a master lease. The GAAP yield represents the
Slide 7: Acquisitions and Developments - Littleton, CO memory care development
7 Acquisitions and Developments REAL ESTATE PORTFOLIO Artist’s Rendition Development in Littleton, CO 60-unit memory care property
Slide 8: Acquisitions and Developments - Amarillo, TX re-development
8 Acquisitions and Developments REAL ESTATE PORTFOLIO Re-development in Amarillo, TX 120-bed skilled nursing property
Slide 9: Real Estate Portfolio Summary
9 Real Estate Portfolio Summary REAL ESTATE PORTFOLIO (dollar amounts in thousands) Dayton, OH 144 licensed beds Real Estate Portfolio Snapshot Type of Property Gross Investments % of Investments Rental Income Interest Income % of Revenues # of Properties SNF Beds ALF Units ILF Units Skilled Nursing
Slide 10: Real Estate Portfolio Metrics
10 “Same Property Portfolio” Statistics (1) Real Estate Portfolio Metrics REAL ESTATE PORTFOLIO “Same Property Portfolio” Quality Mix Owned Properties 2Q12 1Q12 2Q12 1Q12 2Q12 1Q12 Assisted Living (2) 78.0% 78.1% 1.37 1.39 1.59 1.61 Assisted Living (3) 88.0% 88.2% 1.44 1.45 1.70 1.71 Skilled Nursing
Slide 11: Real Estate Portfolio Metrics - Historical Portfolio Snapshot
11 Real Estate Portfolio Metrics Historical Portfolio Snapshot (1) REAL ESTATE PORTFOLIO (1) Data from property level operator financial statements which are unaudited and have not been independently verified by us. (2) Coverage is based on the trailing twelve months for each period presented. The C
Slide 12: Real Estate Portfolio Diversification - Property and Asset Type
12 Real Estate Portfolio Diversification REAL ESTATE PORTFOLIO Property and Asset Type Diversification - Owned and Loan Portfolio Gross Gross Property Type Investment % % Asset Type Investment % Skilled Nursing 89 $ 461,915 54.0% $ 45,356 50.0% Real Property 805,759 $ 94.3% Assisted Living 102 308,4
Slide 13: Real Estate Portfolio Diversification - State
13 Real Estate Portfolio Diversification REAL ESTATE PORTFOLIO State Diversification By Property Type - Owned and Loan Portfolio (1) Metropolitan Statistical Area (MSA) population is based on 2010 Census. (2) Due to master leases with properties in multiple states, revenue by state is not available.
Slide 14: Real Estate Portfolio Diversification - Operator
14 Real Estate Portfolio Diversification REAL ESTATE PORTFOLIO Operator Diversification - Owned Portfolio Operator % % Extendicare Inc. and Assisted Living Concepts, Inc. 37 88,034 $ 10.9% 10,963 $ 12.0% Brookdale Senior Living Communities, Inc. 35 84,210 10.5% 10,734 11.7% Preferred Care 25 77,206
Slide 15: Top Ten Operators – Owned Portfolio
15 Top Ten Operators – Owned Portfolio REAL ESTATE PORTFOLIO Sunrise Senior Living (NYSE: SRZ) operates 307 communities in the United States, Canada and the United Kingdom, with a total capacity of approximately 29,800 units. Sunrise offers a full range of personalized senior living services, includ
Slide 16: Assisted Living Concepts, Inc.
16 Assisted Living Concepts, Inc. (NYSE: ALC) REAL ESTATE PORTFOLIO Photos of our properties leased to ALC/Extendicare are available on the Company’s website at www.LTCProperties.com in the “ALC/EXE Properties” subsection under the “Property Photos” section of the “Properties” tab. (1) Trailing Twel
Slide 17: Market Capitalization
17 Market Capitalization (1) Includes amortization of debt issue cost. (2) Includes letter of credit fees. (3) Non-traded shares. Two million shares outstanding with a face rate of 8.5% and a liquidation value of $19.25 per share, convertible into common stock on a one-for-one basis. Our Series C pr
Slide 18: Lease and Mortgage Loan Receivable Maturity
18 Lease and Mortgage Loan Receivable Maturity LTC’s investment portfolio has a long-term weighted roll-over maturity schedule. Over 80% of the portfolio has lease expirations after 2017. Over 23% of outstanding mortgage loans mature after 2017. FINANCIAL Investment Portfolio Maturity Schedule (as a
Slide 19: Debt Maturity
19 Debt Maturity (in thousands) FINANCIAL (in thousands) Subsequent to September 30, 2012, we repaid $6.0 million under our Unsecured Credit Agreement. Reflects annualized contract rate of interest for loans, net of collectability reserves, if applicable. $ - $ - $ 600 $ 600 - 4,167 635 4,802 - 29,1
Slide 20: Financial Data Summary
20 Financial Data Summary FINANCIAL (dollar amounts in thousands) (1) Gross asset value represents undepreciated book value. Balance Sheet and Coverage Ratios 12/31/09 12/31/10 12/31/11 9/30/12 Net real estate assets $444,163 $515,983 $599,916 $661,132 Total assets 490,593 561,264 647,097 709,833 To
Slide 21: Financial Data Summary
21 Financial Data Summary FINANCIAL FINANCIAL (dollar amounts in thousands) Non-Cash Rental Revenue Components (1) Projections based on current in-place leases assuming no modification or replacement of existing leases and no new leased investments are added to our portfolio. Reconciliation of Norma
Slide 22: Consolidated Statements of Income
Consolidated Statements of Income 22 FINANCIAL (dollar amounts in thousands, except per share amounts, unaudited) 2012 2011 2012 2011 Revenues Rental income 22,295 $ 19,620 $ 64,342 $ 57,139 $ Interest from mortgage loans 1,398 1,582 4,361 4,851 Interest and other income 96 229 818 876 Total revenue
Slide 23: Consolidated Balance Sheets
Consolidated Balance Sheets 23 FINANCIAL (amounts in thousands) December 31, 2011 December 31, 2011 (unaudited) (unaudited) ASSETS LIABILITIES Real estate investments: Bank borrowings 35,500 $ 56,000 $ Land 63,121 $ 57,392 $ Senior unsecured notes 185,800 100,000 Buildings and improvements 742,638 6
Slide 24: Funds from Operations
Funds from Operations 24 FINANCIAL (dollar amounts in thousands, except per share amounts)) Normalized FFO, AFFO, and FAD Reconciliation 2012 2011 2012 2011 Net income available to common stockholders 11,583 $ 11,472 $ 35,786 $ 28,176 $ Add: Depreciation and amortization (continuing and discontinued
Slide 25: Funds from Operations - Per Share Reconciliation
Funds from Operations 25 FINANCIAL (dollar amounts in thousands, except per share amounts)) Normalized FFO Per Share Reconciliation 2011 2011 Normalized FFO available to common stockholders $ 17,618 $ 16,623 $ 52,214 $ 47,050 Effect of dilutive securities: Participating securities 94 85 279 259 Conv
Slide 26: Glossary
26 GLOSSARY Glossary Adjusted Funds From Operations (“AFFO”): FFO excluding the effects of non - cash rental income. Assisted Living Properties (“ALF”): Senior housing properties serving elderly persons who require assistance with activities of daily living, but do not require the constant supervisi
Slide 27: Glossary
28 GLOSSARY Glossary Quality Mix: LTC revenue by operator underlying payor source for the quarter presented. LTC is not a Medicaid or a Medicare recipient. Statistics represent LTC's rental revenues times operators' underlying payor source revenue percentage. Underlying payor source revenue percenta