LTC: Q2 Earnings Snapshot

About this update from Ltc Properties, Inc.

WESTLAKE VILLAGE, Calif. (AP) — WESTLAKE VILLAGE, Calif. (AP) — LTC Properties Inc. (LTC) on Wednesday reported a key measure of profitability in its second quarter. The real estate investment trust, based in Westlake Village, California , said it had funds from operations of $35.5 million , or 68 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $29.5 million , or 56 cents per share. The real estate investment trust, based in Westlake Village, California , posted revenue of $98.9 million in the period. Its adjusted revenue was $26 million . LTC expects full-year funds from operations in the range of $2.76 to $2.78 per share. _____ This story was generated by Automated Insights ( http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LTC at https://www.zacks.com/ap/LTC For copyright information, check with the distributor of this item, STATS Perform dba Automated Insights. , source Associated Press News

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