LTC Properties, Inc. (LTC)

NYSEReal EstateReit - Healthcare FacilitiesSnapshot 2026-10-23

$43.75+0.97%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge LTC Properties, Inc.’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
FY 2026 · Q4
Revenue	—	92.72M
EPS	—	0.67
FY 2026 · Annual
Revenue	—	335.23M
EPS	—	2.252
Core ffo per share	$2.76–$2.78	—
FY 2027 · Annual
Revenue	—	398.4M
EPS	—	1.861

What the Thesis Depends On

Three published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Diluted Core FAD per share near $2.86	The company targets diluted core FAD per share near $2.86 and EPS around $1.84 in 2026.	Broken	Core FAD per share falls below $2.82 in FY26	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Maintain full year 2026 EPS near $1.82	The company targets diluted core FAD per share near $2.86 and EPS around $1.84 in 2026.	Intact	EPS falls below $1.80 in FY26	Diluted EPS: $0.56 per share FY2026-Q2; GAAP. Published target: 1.8 to 1.84 USD per share. Target period is not explicitly aligned with this observation. Source published Aug 5, 20260.56 USD/share · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 2482608c-3e0d-4ff5-b2a9-56278eda196e. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Operating income growth to at least $56 million in Q1 2026	Operating income rose to $56.4 million in Q1 2026, showing improving profitability.	Intact	Operating income falls below $49.6 million in Q1 2026	Operating income: $54.651M FY2026-Q2; GAAP. Published target: >= $56.4 million. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Source published Aug 5, 202654,651,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 2482608c-3e0d-4ff5-b2a9-56278eda196e. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated in 3 of last 3 quarters. SHOP NOI grew 22% over 2024 proforma NOI in 2025-Q4 and was $12.7 million in 2026-Q1, in line with guidance. Management emphasizes double-digit gains and expects to meet full-year SHOP NOI targets. The trajectory shows delivering operating income growth through portfolio transformation. Delivery assessment Oct 24, 2026

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS: comparable history unavailable.

FY2027 revenue: comparable history unavailable.

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	Unavailable	Unavailable	3 / 2
2026-07-25	Unavailable	Unavailable	3 / 2
2026-07-26	Unavailable	Unavailable	2 / 3
2026-07-27	Unavailable	Unavailable	3 / 2
2026-07-28	Unavailable	Unavailable	2 / 2
2026-07-29	Unavailable	Unavailable	2 / 3
2026-07-30	Unavailable	Unavailable	2 / 3
2026-07-31	Unavailable	Unavailable	2 / 3
2026-08-01	Unavailable	Unavailable	2 / 2
2026-08-02	Unavailable	Unavailable	2 / 3
2026-08-03	Unavailable	Unavailable	2 / 3
2026-08-04	Unavailable	Unavailable	2 / 3
2026-08-05	Unavailable	Unavailable	2 / 3
2026-08-06	Unavailable	Unavailable	2 / 3
2026-08-07	Unavailable	Unavailable	2 / 2
2026-08-08	Unavailable	Unavailable	2 / 3
2026-08-09	Unavailable	Unavailable	2 / 2
2026-08-10	Unavailable	Unavailable	2 / 3
2026-08-12	Unavailable	Unavailable	2 / 2
2026-08-13	Unavailable	Unavailable	2 / 2
2026-08-14	Unavailable	Unavailable	2 / 2
2026-08-15	Unavailable	Unavailable	2 / 2
2026-08-16	Unavailable	Unavailable	2 / 2
2026-08-17	Unavailable	Unavailable	2 / 2
2026-08-18	Unavailable	Unavailable	2 / 2
2026-08-19	Unavailable	Unavailable	2 / 2
2026-08-20	Unavailable	Unavailable	3 / 2
2026-08-21	Unavailable	Unavailable	3 / 2
2026-08-22	Unavailable	Unavailable	3 / 2
2026-08-23	Unavailable	Unavailable	3 / 2
2026-08-24	Unavailable	Unavailable	3 / 2
2026-08-25	Unavailable	Unavailable	3 / 2
2026-08-26	Unavailable	Unavailable	3 / 2
2026-08-27	Unavailable	Unavailable	3 / 2
2026-08-28	Unavailable	Unavailable	3 / 2
2026-08-29	Unavailable	Unavailable	3 / 2
2026-08-30	Unavailable	Unavailable	3 / 2
2026-08-31	Unavailable	Unavailable	3 / 2
2026-09-01	Unavailable	Unavailable	3 / 2
2026-09-02	Unavailable	Unavailable	3 / 2
2026-09-03	Unavailable	Unavailable	3 / 2
2026-09-04	Unavailable	Unavailable	3 / 2
2026-09-05	Unavailable	Unavailable	3 / 2
2026-09-06	Unavailable	Unavailable	3 / 2
2026-09-07	Unavailable	Unavailable	3 / 2
2026-09-08	Unavailable	Unavailable	3 / 2
2026-09-09	Unavailable	Unavailable	3 / 2
2026-09-10	Unavailable	Unavailable	3 / 2
2026-09-11	Unavailable	Unavailable	3 / 2
2026-09-12	Unavailable	Unavailable	3 / 2
2026-09-13	Unavailable	Unavailable	3 / 2
2026-09-14	Unavailable	Unavailable	3 / 2
2026-09-15	Unavailable	Unavailable	3 / 2
2026-09-16	Unavailable	Unavailable	3 / 2
2026-09-17	Unavailable	Unavailable	3 / 2
2026-09-18	Unavailable	Unavailable	3 / 2
2026-09-19	Unavailable	Unavailable	3 / 2
2026-09-20	Unavailable	Unavailable	3 / 2
2026-09-21	Unavailable	Unavailable	3 / 2
2026-09-22	Unavailable	Unavailable	3 / 2
2026-09-23	Unavailable	Unavailable	3 / 2
2026-09-24	Unavailable	Unavailable	3 / 2
2026-09-25	Unavailable	Unavailable	3 / 2
2026-09-26	Unavailable	Unavailable	3 / 2
2026-09-27	Unavailable	Unavailable	3 / 2
2026-09-28	Unavailable	Unavailable	3 / 2
2026-09-29	Unavailable	Unavailable	3 / 2
2026-09-30	Unavailable	Unavailable	3 / 2
2026-10-01	Unavailable	Unavailable	3 / 2
2026-10-02	Unavailable	Unavailable	3 / 2
2026-10-03	Unavailable	Unavailable	3 / 2
2026-10-04	Unavailable	Unavailable	3 / 2
2026-10-05	Unavailable	Unavailable	3 / 2
2026-10-06	Unavailable	Unavailable	3 / 2
2026-10-07	Unavailable	Unavailable	3 / 2
2026-10-08	Unavailable	Unavailable	3 / 2
2026-10-09	Unavailable	Unavailable	3 / 2
2026-10-10	Unavailable	Unavailable	3 / 2
2026-10-11	Unavailable	Unavailable	3 / 2
2026-10-12	Unavailable	Unavailable	3 / 2
2026-10-13	Unavailable	Unavailable	3 / 2
2026-10-14	Unavailable	Unavailable	2 / 2
2026-10-15	Unavailable	Unavailable	2 / 2
2026-10-16	Unavailable	Unavailable	2 / 2
2026-10-17	Unavailable	Unavailable	2 / 2
2026-10-18	Unavailable	Unavailable	2 / 2
2026-10-19	Unavailable	Unavailable	2 / 2
2026-10-20	Unavailable	Unavailable	2 / 2
2026-10-21	Unavailable	Unavailable	2 / 2
2026-10-22	Unavailable	Unavailable	2 / 2
2026-10-23	Unavailable	Unavailable	2 / 2
2026-10-24	Unavailable	Unavailable	2 / 2

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold
2026-05-01	1	7
2026-06-01	1	7
2026-07-01	1	7
2026-08-01	3	7
2026-09-01	3	5
2026-10-01	3	5

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 3 Buy / Strong Buy · 5 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades2 maintains

Recent actions · Sep 25–Oct 24 · 2 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

Wells FargoOct 19 · prior Sep 1

$42.00 → $43.00+2.4%

RBC CapitalOct 2 · prior Aug 14

$45.00 → $52.00+15.6%

$0$28.60$57.20

2 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Diluted Core FAD per share near $2.86Published status: Broken
Maintain full year 2026 EPS near $1.82Diluted EPS: $0.56 per share
Operating income growth to at least $56 million in Q1 2026Operating income: $54.651M

Next proof point

Nov 3, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

0.9%Typical daily move · historical

Downside history

-13.2%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

LTC Properties, Inc. outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

LTC is a rate-sensitive real estate investment with a thesis tied to seniors housing operations and steady earnings delivery. The long-term thesis is marked intact, but recent momentum has weakened and the evidence points to a mixed, not clearly favorable, setup.

What's priced into LTC Properties, Inc.

LTC is expensive versus peers, and the expectations gap is negative, suggesting the market’s assumptions are ahead of the evidence. The priced-in assessment calls the current fragility justified, with low fragility concentration, rather than showing that the full set of risks is reflected.

What the fundamentals likely do

Near term, guidance is stable: management reaffirmed its 2026 outlook in each of the last three quarters, while diluted earnings per share rose from the first to the second quarter. However, the recent earnings miss, a high-miss-rate industry, and a 66.7-point drop in company momentum point to execution risk at the next report. Liquidity actions are on track, including expanded credit facility commitments.

What LTC Properties, Inc. hinges on

Over the next few quarters, the thesis depends on management maintaining guidance and avoiding another miss; a guidance cut would be a meaningful setback. Fed rate cuts could support the sector, while continued earnings strength and higher guidance from sector peers could help sustain momentum. Expansion of the Seniors Housing Operating Portfolio is also a stated priority, but current evidence on progress is limited.