LTC Properties Inc

ltcreit.com

LTC Properties Inc (NYSE: LTC) is a real estate investment trust (REIT) incorporated in Maryland on May 12, 1992, that invests primarily in seniors housing and health care properties. It generates income through ownership, sale-leasebacks, mortgage financing, joint ventures, construction financing, and structured finance solutions including preferred equity, bridge lending, and mezzanine lending. The company also operates a SHOP (Seniors Housing Operating Portfolio) segment, where third-party independent operators manage communities on LTC's behalf. Investment activity over the three years preceding the 10-K filed February 24, 2026 focused on seniors housing communities and health care centers. Revenue and cash flow depend materially on the performance of third-party operators. LTC is subject to government regulation of the health care industry, creating both a barrier to entry and an ongoing compliance obligation. The company commenced operations on August 25, 1992 and qualifies as a well-known seasoned issuer as of the filing date.