LTC Properties, Inc. (LTC) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the LTC Properties, Inc. Quarterly Earnings Call. At this time, all participants are in a listen-only mode and we will open the floor for your questions and comments after the presentation. If you wish to enter the queue to ask a question, you can press star 1 at any time. Should you wish to remove yourself from the queue, you may press star 2. Before management begins its presentation, please note 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, 2022. 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 Wendy Simpson. Please go ahead. Thank you, Operator, and welcome everyone to LTC's 2023 Second Quarter Conference Call. I am joined today by Pam Kessler, Co-President and Chief Financial Officer and Clint Malan, co-president and chief investment officer. The first half of 2023 was driven by substantial investment activity, generating growth this year and in the future. To date this year, we have put more than a quarter billion dollars to work through new investments to produce a creative current and future income. We used our line to fund these investments and plan to pay down the line, primarily using future expected asset sales. A significant number of these assets have been non-revenue producing, mostly from ...