LTC Properties, Inc. (LTC) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day ladies and gentlemen and welcome to the LTC Properties Incorporated first quarter 2025 earnings call. At this time all participants are on a listen only mode and a question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Before management begins its presentation, please know that today's comments, including the question and answer session, may include forward-looking statements. subject to risks and uncertainties that may cause actual results and events to differ materially. These risks and uncertainties are detailed in LTC properties filings with the Securities and Exchange Commission from time to time, including the company's most recent 10-K, dated December 31, 2024. LTC undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances after the date of this presentation. Please note, this event is being recorded. I would now like to turn the conference over to your host, Mr. Chris Malan. Sir, the floor is yours. Hello and welcome everyone to our first quarter 2025 earnings call. With me today are Wendy Simpson, our executive chairman, Pam Kessler, our co-CEO, C.C. Chakal, our CFO, and Gibson Satterwhite, our executive vice president of asset management. This year is off to a great start. Through our idea platform, we now have a shop portfolio totaling 176 million in gross book value through the cooperative conversion of 13 properties from triple net leases. We completed the conversion with Anthem Memory Care on May 1st and expect to complete a conversion with new perspective senior living within the next 30 days. What's more, we've added to LTC's bench strength with the appointment of ...