Slide 1: Supplemental Operating and Financial Data December 31, 2010
St. Petersburg, FL 120 beds Fort Wayne, IN 62 units Supplemental Operating and Financial Data December 31, 2010 (Unaudited)
Slide 2: Table of Contents
Table of Contents 2 Founded in 1992, LTC Properties, Inc. is a self-administered real estate investment trust that primarily invests in senior housing and long-term care properties through facility lease transactions, mortgage loans, and other investments. Our primary objectives are to sustain and e
Slide 3: Company Information
3 Company Information CORPORATE Andre Dimitriadis Wendy Simpson Edmund King 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 Financial Offic
Slide 4: Additional Information
4 CORPORATE Additional Information BMO Capital Markets Hilliard Lyons JMP Securities Richard Anderson John Roberts Peter Martin KeyBanc Capital Markets Stifel, Nicolaus & Company, Incorporated Karin Ford Jerry Doctrow Analyst Coverage Any opinions, estimates, or forecasts regarding LTC's performance
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: January – December 2010
6 Acquisitions: January – December 2010 South Hills, PA 67 units Gulf Breeze, FL 61 units (dollars in thousands) REAL ESTATE PORTFOLIO # OF PROPERTIES ASSET CLASS # BEDS/UNITS LOCATION 1 SNF 166 TX 1987-1988 (2) $ 7,850 $ 892 1 SNF 120 FL 1988 9,000 997 2 SNF/OTHER (1) 227 beds/93 units VA 1970-2005
Slide 7: Real Estate Portfolio Diversification
8 Real Estate Portfolio Diversification REAL ESTATE PORTFOLIO Owned and Loan Portfolio – Property and Asset Type Diversification Owned Portfolio – Operator Diversification Owned and Loan Portfolio – State Diversification
Slide 8: Real Estate Portfolio Diversification
9 Real Estate Portfolio Diversification Includes rental income from properties classified as held-for-sale and interest income from mortgage loans. Due to master leases with properties in multiple states, revenue by state is not available. REAL ESTATE PORTFOLIO Owned and Loan Portfolio – Property an
Slide 9: Top Ten Operators – Owned Portfolio
10 Top Ten Operators – Owned Portfolio REAL ESTATE PORTFOLIO Traditions Management (Privately held) operates 12 independent living, assisted living, and skilled nursing facilities in 5 states. As of December 31, 2010, the LTC portfolio consisted of 2 skilled nursing and 1 other senior housing proper
Slide 10: Market Capitalization
11 Market Capitalization The Company has a $110 million revolving commitment with a $10 million accordion feature. Non-traded shares. Two million shares outstanding with a face rate of 8.5% and a liquidation value of $19.25, convertible into common stock on a one-for-one basis. Our Preferred C’s are
Slide 11: Lease and Mortgage Loan Receivable Maturity
12 Lease and Mortgage Loan Receivable Maturity LTC’s investment portfolio has a long-term weighted roll-over maturity schedule. Over 74% of the portfolio has lease expirations beyond 2016. Over 30% of outstanding mortgage loans mature after 2016. (as a % of total gross owned investments and mortgage
Slide 12: Debt Maturity
13 Debt Maturity (in thousands) FINANCIAL $ 37,700 $ - $ 530 $ 38,230 - - 565 565 - - 600 600 - 4,167 635 4,802 - 29,167 1,400 30,567 - 4,167 - 4,167 - 4,167 - 4,167 - 4,166 - 4,166 - 4,166 - 4,166 $ 37,700 $ 50,000 $ 3,730 $ 91,430 (1) (2) 2018 2012 2013 2014 Thereafter Total Debt Maturity (amounts
Slide 13: Financial Data Summary
14 Financial Data Summary FINANCIAL 12/31/10 12/31/09 12/31/08 Net Real Estate Assets $515,983 $444,163 $449,683 Total Assets 561,264 490,593 506,053 Total Debt 91,430 25,410 36,753 Total Liabilities 103,742 36,280 45,041 Preferred Stock 126,913 186,801 189,560 Total Equity 457,522 454,313 461,012 D
Slide 14: Financial Data Summary
15 Financial Data Summary FINANCIAL Net income $ 46,053 $ 44,360 $ 43,284 Add back: Interest expense 2,653 2,418 4,114 Depreciation and amortization 15,963 14,529 14,667 EBITDA 64,669 61,307 62,065 Add back/(deduct) non-recurring expenses/(revenues): Allocation of income from preferred stock buyback
Slide 15: Funds from Operations
Funds from Operations 16 FINANCIAL FINANCIAL 2010 2009 2010 2009 Net income allocable to common stockholders $ 9,583 $ 7,170 $ 29,587 $ 29,410 Add: Depreciation and amortization (continuing and discontinued operations) 4,162 3,733 16,109 14,822 Less: Gain on sale of assets, net (310) - (310) - FFO a