LTC PROPERTIES INC
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $262.9M | $209.8M | $197.2M | $175.2M | $155.3M | $159.3M | $185.3M | $168.6M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $31.1M | $27.2M | $24.3M | $23.7M | $21.5M | $19.7M | $18.5M | $19.2M |
| Operating Income | $204.7M | $199.4M | $185.5M | $99.1M | $54.8M | $95.6M | $81.9M | $152.2M |
| Operating Margin | 77.9% | 95.0% | 94.0% | 56.6% | 35.3% | 60.0% | 44.2% | 90.3% |
| Interest Expense | — | — | $47.0M | $31.4M | $27.4M | $29.7M | $30.6M | $30.2M |
| Pretax Income | $39.5M | $84.5M | $52.7M | — | — | — | — | — |
| Income Tax Expense | $179.0K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $118.0M | $91.0M | $89.7M | $100.0M | $55.9M | $95.3M | $80.5M | $155.0M |
| Net Margin | 44.9% | 43.4% | 45.5% | 57.1% | 36.0% | 59.8% | 43.5% | 91.9% |
| EPS (Basic) | $2.54 | $2.07 | $2.16 | $2.49 | $1.41 | $2.42 | $2.03 | $3.91 |
| EPS (Diluted) | $2.52 | $2.04 | $2.16 | $2.48 | $1.41 | $2.42 | $2.02 | $3.89 |
| Shares Outstanding (Basic) | 46.2M | 43.7M | 41.3M | 39.9M | 39.2M | 39.2M | 39.6M | 39.5M |
| Shares Outstanding (Diluted) | 46.6M | 44.2M | 41.4M | 40.1M | 39.2M | 39.3M | 39.8M | 39.8M |
| Dividends Per Share | $0.19 | $0.19 | $0.19 | $0.19 | $2.28 | $2.28 | $2.28 | $2.28 |