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← CockpitCompetitor Analysis › LTC LTC Properties, Inc.Open in the cockpit ↗

LTC Properties, Inc.LTCCompetitor analysis, valuation and peers

United States · USD·Real Estate›Real Estate Investment Trusts

Net-lease and mortgage REIT financing seniors housing and skilled nursing facilities across the US.

Momentum leader 80
Mkt cap
$2.52B
US dollars, full cap
Free float
98%
of shares outstanding
$/day
$31.0M
20-day average traded
Fwd P/E
22.6×
forward earnings
ROIC−WACC
n/a
WACC 7.0%
Hurdle
n/a
no reverse DCF
Next earnings
104 days
18 Feb 2027
Close · USD$44.77
1D-1.9%
1W0.0%
1M+6.5%
3M+13.6%
6M+14.4%
YTD+30.2%
1Y+25.8%
ATR %2.5%
Beta-0.22
52w lowhigh4.6% off high

What LTC Properties does

Net-lease and mortgage REIT financing seniors housing and skilled nursing facilities across the US.

Earns rent under long-term leases in which operators typically pay property costs, with a smaller layer of mortgage-loan interest. More recent seniors-housing investments sit in operating partnerships, where it shares in the property's results instead of collecting fixed rent. A few care operators account for a large share of rent, so operator health matters.

Products and services

  • Skilled nursing net leases
  • Assisted/seniors housing net leases
  • Mortgage and other loans

Customers

  • Skilled nursing operators
  • Assisted living operators
  • Regional care providers

Where it sits in the supply chain

  • Real estate
  • Healthcare REITs
  • Seniors housing/skilled nursing real…

What could go right

  • Aging population driving demand for care facilities

What could go wrong

  • Operator financial distress/bankruptcy risk
  • Reimbursement policy (Medicare/Medicaid) changes

Moat: narrow (switching costs, scale). Long-term leases with operators tied to licensed facilities create sticky, hard-to-replace income.

Headquarters: Westlake Village, California, US · Founded: 1992 · Employees: 25

Named competitors

LTC Properties at a glance

Size LTC Properties (LTC) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $2.52B, the 1653rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $44.77 on 6 Nov 2026.

Performance Over six months the shares gained 14.4%, against -5.4% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 21 in its peer set.

Growth Revenue grew 68.9% over the last twelve months (peer median +5.5%); the operating margin is 30.9% (peer median 39.5%).

Valuation It trades at 22.6× forward earnings against a peer median of 21.5× (10th most expensive of 20).

Short interest Short interest is 6.0% of the free float (15 Oct 2026).

Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).

Relative performance

9010011012011 May 202611 Aug 20266 Nov 2026LTC 116Peer median 96
Six months, rebased to 100: LTC Properties against the median of its 20 peers (local-currency closes).

LTC Properties financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$394M$265M$211M$198M$176M
Revenue growth—+26%+7%+12%—
Gross profit$152M$162M$161M$147M$122M
EBITDA$133M$113M$169M$154M$134M
Net income$501M$117M$90.4M$89.1M$99.4M
Free cash flow$129M$122M$112M$94.6M$95.4M
Capital expenditure$11.8M$7.27M$13.7M$9.69M$8.99M
Total debt$987M$845M$687M$891M$768M

Quarterly statements and history in the cockpit →

LTC Properties competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%0%+10%+20%BYGHMNFCPTIVTUEDIR-UN3269NTSTPEBSHOAKRSMABUOUDXHMSODRHLTC6-month return →1-month return →
Up and to the right = strong over both horizons. LTC Properties is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%+150%0×200×400×BYGHMNIVTUE8955NTSTSHOSMADXHMSODLNLTCRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. LTC Properties is the large dot.

LTC Properties competitors and peer comparison

Head to head with its named competitors (LTC vs OHI vs NHI vs SBRA)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
LTC Properties LTC$2.52B+14%+69%31%22.6×n/a
Omega Healthcare Investors OHI$14.6B+2%+14%61%24.3×n/a
National Health Investors NHI$3.50B-5%+24%45%20.6×n/a
Sabra Health Care REIT SBRA$5.51B+1%+21%18%29.4×n/a
CareTrust REIT CTRE$9.03B-8%+53%65%24.2×n/a
Ventas VTR$47.9B+2%+22%15%106.4×n/a

How LTC Properties compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

LTC Properties against its 20 peers (data as of 6 Nov 2026)
MeasureLTCPeer medianRank in peer set
1-month return+6.5%+7.2%10th lowest of 21
6-month return+14.4%-5.4%6th highest of 21
Distance from 52-week high-4.6%-12.9%3rd highest of 21
Revenue growth (TTM)+68.9%+5.5%3rd highest of 21
Operating margin30.9%39.5%8th lowest of 21
Forward P/E22.6×21.5×10th most expensive of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
LTC Properties LTCUnited States$2.52B+14%+69%31%22.6×n/an/a
Big Yellow BYG.LUnited Kingdom$2.50B+11%+2%62%16.5×n/an/a
CapitaLand Ascott Trust HMN.SISingapore$2.55B-6%+5%34%18.9×n/an/a
Four Corners Property Trust FCPTUnited States$2.57B-7%+10%56%21.4×n/an/a
InvenTrust Properties IVTUnited States$2.46B+1%+13%16%393.9×n/an/a
Urban Edge Properties UEUnited States$2.58B-6%+6%31%41.4×n/an/a
Dream Industrial Real Estate Investment Trust DIR-UN.TOCanada$2.58B-8%+6%70%15.0×n/an/a
Advance Residence Investment 3269.TJapan$2.42B-18%-4%45%22.7×n/an/a
Japan Prime Realty Investment 8955.TJapan$2.37B-7%-13%39%21.2×n/an/a
NETSTREIT NTSTUnited States$2.37B-9%+27%37%44.6×n/an/a
Pebblebrook Hotel Trust PEBUnited States$2.36B+43%+3%9%n/an/an/a
Sunstone Hotel Investors SHOUnited States$2.33B+19%+7%10%59.0×n/an/a
Acadia Realty Trust AKRUnited States$2.74B-9%0%19%65.9×n/an/a
SmartStop Self Storage REIT SMAUnited States$2.31B+20%+21%22%56.3×n/an/a
Frasers Logistics & Commercial Trust BUOU.SISingapore$2.76B-6%0%64%18.1×n/an/a
Dynex Capital DXUnited States$2.77B-20%+142%65%6.6×n/an/a
Hammerson HMSO.LUnited Kingdom$2.80B+13%+92%49%15.2×n/an/a
Crombie Real Estate Investment Trust CRR-UN.TOCanada$2.22B-3%+4%42%26.3×n/an/a
Boardwalk Real Estate Investment Trust BEI-UN.TOCanada$2.21B-5%+3%62%63.1×n/an/a
Derwent London DLN.LUnited Kingdom$2.87B+15%+45%40%20.0×n/an/a
DiamondRock Hospitality DRHUnited States$2.88B+30%+2%17%21.5×n/an/a

Questions

Who are LTC Properties's main competitors?
Named competitors: Omega Healthcare Investors (OHI), National Health Investors (NHI), Sabra Health Care REIT (SBRA), CareTrust REIT (CTRE), Ventas (VTR). The cockpit's measured peer set (industry) also includes Big Yellow (BYG.L), CapitaLand Ascott Trust (HMN.SI), Four Corners Property Trust (FCPT), InvenTrust Properties (IVT), Urban Edge Properties (UE), Dream Industrial Real Estate Investment Trust (DIR-UN.TO).
Is LTC Properties expensive compared with its peers?
On forward p/e it trades at 22.6× against a peer median of 21.5×, 10th most expensive of 20 in its peer set.
How has LTC Properties stock performed?
Over six months to 6 Nov 2026 the shares returned +14.4% against -5.4% for the median peer; over one year +25.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.