– Enters into New Relationship with Health Dimensions Group –
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties, Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust specializing in seniors housing and health care properties, today announced the $40 million SHOP acquisition of a community in Wisconsin that includes 147 independent living, assisted living and memory care units. Health Dimensions Group (“HDG”), a SHOP operator new to LTC, will continue to manage the property.
The acquisition was completed at a cap rate of approximately 7.2%, with an anticipated unlevered IRR in the low- to mid-teens, and was funded with proceeds from ATM sales. During the 2026 second quarter, LTC sold 4.1 million shares of common stock for $154.7 million in net proceeds under its equity distribution agreement.
The Company also announced that it expects to acquire $95 million of SHOP communities within the next month.
“We are excited to welcome HDG to the LTC family with this off-market acquisition. Their passion for delivering care and fostering culture is evident,” said Michael Bowden, LTC’s Senior Vice President of Investments. “Each new relationship we build continues to drive our SHOP transformation.”
“LTC is an excellent growth partner for HDG as we continue to expand our Caring Above and Beyond® approach, a proven process designed to make a real difference in the senior living experience,” said Erin Schvetzoff Hennessey, Chief Executive Officer and Principal of HDG. “We look forward to continuing to provide vibrant, caring environments for older adults and their families, and to mutual success through our collaboration with LTC.”
LTC’s SHOP Snapshot
Since launching SHOP in May 2025, LTC has grown its portfolio to 37 properties, which represents 35% of the Company’s total gross real estate investments. The platform spans 12 operators, 10 of which are new LTC relationships.
About LTC
LTC is a real estate investment trust (REIT) focused on seniors housing and health care properties, principally investing through SHOP, as well as triple-net leases, and joint ventures. The Company’s portfolio includes nearly 190 properties throughout the United States. Based on gross real estate investments, nearly 70% of the Company’s assets are seniors housing communities with the remainder skilled nursing centers. Learn more at www.ltcreit.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, adopted pursuant to the Private Securities Litigation Reform Act of 1995. Statements that are not purely historical may be forward-looking. You can identify some of the forward-looking statements by their use of forward-looking words, such as “believes,” “expects,” “may,” “will,” “could,” “would,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates” or “anticipates,” or the negative of those words or similar words. Examples of forward-looking statements include statements regarding anticipated unlevered IRR, expected acquisition of $95 million of SHOP communities over the next month, SHOP growth and other statements regarding future strategy. Forward-looking statements involve inherent risks and uncertainties regarding events, conditions and financial trends that may affect the Company’s future plans of operation, business strategy, results of operations and financial position. A number of important factors could cause actual results to differ materially from those included within or contemplated by such forward-looking statements, including, but not limited to, operational and legal risks and liabilities under the Company’s new SHOP segment; the Company’s dependence on the ability of its third-party independent operators to successfully manage and operate the Company’s SHOP communities; the Company’s dependence on its operators for revenue and cash flow; government regulation of the health care industry; changes in federal, state, or local laws limiting REIT investments in the health care sector; federal and state health care cost containment measures including reductions in reimbursement from third-party payors such as Medicare and Medicaid; required regulatory approvals for operation of health care facilities; a failure to comply with applicable law or regulations for the operation of health care facilities; the adequacy of insurance coverage maintained by the Company’s operators; the Company’s reliance on a few major operators; the Company’s ability to find suitable replacement operators for its SHOP communities; the Company’s ability to renew leases or enter into favorable terms of renewals or new leases; the impact of inflation; operator financial or legal difficulties; the sufficiency of collateral securing mortgage loans; an impairment of the Company’s real estate investments; the relative illiquidity of the Company’s real estate investments; the Company’s ability to develop and complete construction projects; the Company’s ability to invest cash proceeds for health care properties; a failure to qualify as a REIT; the Company’s ability to grow if access to capital is limited; and a failure to maintain or increase the Company’s dividend. For a discussion of these and other factors that could cause actual results to differ from those contemplated in the forward-looking statements, please see the discussion under “Risk Factors” contained in the Company’s Annual Report on Form 10‑K for the fiscal year ended December 31, 2025, the Company’s subsequent Quarterly Reports on Form 10‑Q, and the Company’s publicly available filings with the Securities and Exchange Commission. The Company does not undertake any responsibility to update or revise any of these factors or to announce publicly any revisions to forward-looking statements, whether as a result of new information, future events or otherwise. Although the Company’s management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The actual results achieved by the Company may differ materially from any forward-looking statements due to the risks and uncertainties of such statements.
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $LTC #LTC--LTC Properties Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust that primarily invests in seniors housing and health care properties, today announced it will release second quarter earnings on Wednesday, August 5, 2026 after market close. LTC will conduct a conference call on Thursday, August 6, 2026 at 8:00 a.m. Pacific / 11:00 a.m. Eastern, to provide commentary on the performance and operating results for the quarter ended J.
Calgary, Alberta--(Newsfile Corp. - July 14, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") announces that pursuant to the terms and conditions of the Company's stock option plan, the Lotus Creek Board of Directors has approved the grant of 137,700 stock options to certain Directors and Officers. The stock options expire 30 business days following the date of vesting and are exercisable at a price of $3.13 per common share. The stock options vest as to one-third on each first, second and third anniversary date, beginning on June 4, 2027.
FOR FURTHER INFORMATION ABOUT LOTUS CREEK PLEASE CONTACT:
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305199
A long-term care policy does not just protect against a future care bill. It also creates a premium bill that may have to be paid for decades. A healthy 55-year-old buying meaningful inflation protection can face annual premiums in the low-to-mid thousands, and a 55-year-old couple can easily cross $5,000 combined. The planning question is: can you build a dedicated pool of capital that helps pay the premium without steadily draining principal?
Use $3,000 a year as the working number. That is a reasonable middle-of-the-road planning figure for a single buyer in good health, and it serves as a base unit you can multiply for couples, richer benefits, or older applicants.
The Capital Required at Three Yield Levels The arithmetic is the same equation in every case: annual premium divided by yield equals the capital required.
Conservative (3% to 4% yield): $3,000 divided by 0.035 equals roughly $85,700. This is the dividend-growth lane: blue-chip consumer staples, household-name healthcare, regulated utilities. Moderate (5% to 6% yield): $3,000 divided by 0.05 equals $60,000. This is where net-lease REITs and specialty healthcare REITs live. Aggressive (7%+ yield): $3,000 divided by 0.07 equals about $42,900. Business development companies, mortgage REITs, and covered-call funds populate this tier, with the principal exposed to erosion. For a couple targeting $6,000 in combined premiums, double the numbers: roughly $171,000 at the conservative tier, $120,000 at the moderate tier.
A Loop Worth Noticing There is something quietly elegant about funding long-term care premiums from a company tied to senior-care real estate. LTC Properties (NYSE: LTC) is a healthcare REIT focused on seniors housing and skilled nursing, and it has declared monthly dividends of $0.19 per share in 2026, or $2.28 annualized. At a recent share price near $38.48, that is a yield of about 5.9%, meaning roughly $50,700 in shares would produce about $3,000 in annual dividend income before taxes.
A monthly companion in the same tier is Realty Income (NYSE: O), the self-styled Monthly Dividend Company. Its June 2026 increase brought the monthly dividend to $0.271 per share, or $3.252 annualized, for a yield of about 5.2% at a recent $63.04 share price. Many long-term care policies can be paid monthly, so the cash-flow rhythm may match the obligation.
Why Less May be More When It Comes To Yields LTC insurance premiums are not static. Insurers have raised in-force premiums repeatedly over the past two decades, and a portfolio that merely matches today’s bill will eventually fall short. That is why the conservative tier deserves a second look despite needing more capital.
Procter & Gamble (NYSE: PG) yields around 2.9% but has paid dividends for 136 consecutive years and increased them for 70 consecutive years, including a 2026 raise to $1.0885 quarterly. Johnson & Johnson (NYSE: JNJ) yields about 2.1% and lifted its payout to $1.34 quarterly, marking 64 consecutive years of increases. PepsiCo (NASDAQ: PEP), recently yielding about 4.3%, announced a 4% increase beginning with the $1.48 June 2026 payment.
A 3.5% yield growing 7% annually doubles its income in a little over 10 years. A flat 6% yield that never grows loses ground whenever premiums rise or inflation erodes purchasing power. The conservative tier costs more upfront, but it buys the one feature that matters over a 30-year policy: a better chance of rising income.
What to Do Next Get your actual premium quote first. The capital you need is driven by the number on the policy illustration, not a national average. A quote at 55 versus 62 can change the required capital sharply, especially once inflation protection, benefit period, health rating, and shared benefits are included. Run the math on a hybrid policy. Hybrid life-LTC products replace recurring premiums with a single deposit. Compare that lump sum against the capital required to fund traditional premiums at your target yield. Decide which problem you are solving. If you want the premium supported for life, anchor the portfolio in dividend growers and accept the larger capital outlay. If you want the smallest dedicated pool possible, higher-yielding REITs may get you closer, but with more concentration risk, less dividend growth, and no guarantee that principal will hold up when you need the income most. A Better Way to Think About the Premium The cleanest version of this strategy is not to chase the highest yield that covers this year’s bill. It is to build an income source that can survive rate increases, taxes, market stress, and a long waiting period before any claim is paid. Long-term care insurance is bought to protect assets later. The portfolio funding the premium should be built with the same goal.
Contact [email protected] for any questions or corrections.
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $LTC #LTC--LTC Properties, Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust specializing in seniors housing and health care properties, today announced the acquisition of two SHOP communities located in Colorado and New Mexico for a combined purchase price of $73 million.The acquisition was completed at a cap rate of approximately 7% with an expected unlevered IRR in the low- to mid-teens, and was funded with proceeds from ATM sales. Morni.
Key Takeaways Welltower reported senior housing occupancy, rental growth and margin gains in first-quarter 2026.CareTrust is expanding through acquisitions while benefiting from improving skilled nursing occupancy.LTC Properties cited rising occupancy and limited new construction supporting senior housing demand. An updated edition of the May 19, 2026, article.
A rapidly aging population remains one of the most compelling long-term investment themes in healthcare. While investors often focus on pharmaceutical companies, biotech innovators and medical device makers, another segment that continues to benefit from the same demographic shift is healthcare real estate and senior care services. As the population aged 60 and older expands steadily over the coming decade, demand is increasing not only for medical treatments but also for senior housing, assisted living, memory care, rehabilitation and long-term care facilities. This structural demand continues to position healthcare real estate investment trusts (REITs) and senior care operators at the center of the longevity economy.
Companies such as Welltower (WELL - Free Report) , CareTrust REIT (CTRE - Free Report) and LTC Properties (LTC - Free Report) remain well-positioned to benefit from these trends by expanding senior housing exposure, capitalizing on improving occupancy and strengthening cash flows supported by favorable demographic fundamentals. Let's delve deeper.
Healthcare REITsHealthcare REITs and operators own and manage the properties, leases and care infrastructure that generate relatively stable, demographic-driven cash flows. The senior housing industry continues to benefit from longer life expectancy, an aging population and rising demand for memory care, assisted living and skilled nursing services. Meanwhile, new construction remains constrained as elevated financing, labor and construction costs continue to limit development activity. This combination of robust demand and historically low new supply is supporting occupancy gains, rental growth and stronger operating performance across existing senior housing portfolios.
According to NIC MAP data, senior housing occupancy in the 31 primary U.S. markets reached 89.5% in the first quarter of 2026, marking the 19th consecutive quarter of occupancy growth, while inventory growth slowed to a record low. Researchers expect occupancy to surpass 90% before the end of 2026 if current trends persist.
Against this backdrop, leading healthcare REITs such as Welltower, National Health Investors and LTC Properties have continued increasing their exposure to senior housing and skilled nursing assets through acquisitions, development partnerships and portfolio optimization, positioning themselves to benefit from favorable supply-demand dynamics and the long-term expansion of the silver economy.
Operators and Care-Focused REITsAt the operating level, companies like Ensign Group (ENSG - Free Report) , Omega Healthcare Investors (OHI - Free Report) and CareTrust REIT remain closely tied to the day-to-day care needs of an aging population. Longer life expectancy and the growing prevalence of chronic illnesses, cognitive impairment and other complex health conditions continue to drive sustained demand for skilled nursing, post-acute rehabilitation and long-term care services.
Ensign benefits through the direct operation of skilled nursing and senior living facilities, while Omega and CareTrust generate income primarily by owning healthcare properties that are leased to skilled nursing, transitional care and rehabilitation operators. Unlike innovation-driven areas of healthcare that can be influenced by clinical trial outcomes or product cycles, these business models are supported by essential care services that remain necessary regardless of economic conditions. As demographic tailwinds strengthen and industry fundamentals continue to improve, healthcare REITs and senior care operators remain well-positioned to benefit from the growing demand for aging-related care infrastructure.
Ready to uncover more transformative thematic investment ideas? Explore 30 cutting-edge investment themes with Zacks Thematic Screens and discover your next big opportunity.
3 Seniors & Aging Demographics Stocks in the SpotlightWelltower: It is one of the largest healthcare REITs globally, with a portfolio focused on senior housing, post-acute care facilities and outpatient medical properties across the United States, Canada and the United Kingdom. The company's senior housing operating portfolio includes independent living, assisted living and memory care communities managed by leading healthcare operators.
Welltower, during its first-quarter 2026 earnings, delivered a strong operating performance in its senior housing operating portfolio, supported by healthy occupancy gains, rental rate growth and improved operating margins. During the quarter, Welltower remained active in acquiring and developing senior housing assets while highlighting unprecedented demand driven by the aging population alongside historically low levels of new supply. The company indicates that these favorable demographic and industry fundamentals continue to support a multiyear growth opportunity for its senior housing platform. The stock currently holds a Zacks Rank #2 (Buy).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
CareTrust: It is a self-administered healthcare REIT that owns skilled nursing facilities, assisted living communities, memory care facilities and other healthcare-related properties across the United States. The company leases its properties to independent healthcare operators under long-term agreements, generating rental income from essential post-acute and long-term care services.
CareTrust continues expanding its portfolio through acquisitions of skilled nursing and seniors housing properties while maintaining strong rent collections and operator performance. Management during its first-quarter 2026 earnings noted that demographic tailwinds, improving occupancy across the skilled nursing sector and disciplined capital deployment continue to create attractive investment opportunities. The company remains focused on partnering with experienced operators and growing its portfolio in markets where demand for long-term care and senior housing is expected to increase as the U.S. population ages. These factors position CareTrust to benefit from the long-term expansion of aging-related healthcare infrastructure. The stock currently holds a Zacks Rank #2.
LTC Properties: This healthcare REIT invests primarily in seniors housing and healthcare properties in the United States. Its portfolio consists of assisted living communities, memory care facilities, independent living communities and skilled nursing centers, which are operated by experienced regional and national healthcare providers under long-term lease and financing arrangements.
According to the company's first-quarter 2026 announcement, LTC continued executing its capital deployment strategy through investments in seniors housing and skilled nursing assets while maintaining a diversified portfolio. Management highlighted improving operating fundamentals across the seniors housing sector, supported by favorable demographic trends, rising occupancy and limited new construction. The company also emphasized disciplined investment underwriting and partnerships with quality operators as it seeks to make the most of the rising demand for senior housing and long-term care facilities. These trends position LTC to benefit from the aging U.S. population and improving industry fundamentals. The stock currently has a Zacks Rank #3 (Hold).
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $LTC #LTC--LTC Properties Inc. (NYSE: LTC) (“LTC” or the “Company”), announced today that it had declared a monthly cash dividend of $0.19 per common share per month for the third quarter of 2026. Distribution dates are outlined in the table below. Record Date Payment Date Amount July 23, 2026 July 31, 2026 $0.19 per common share August 21, 2026 August 31, 2026 $0.19 per common share September 22, 2026 September 30, 2026 $0.19 per common share About LTC Propertie.
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties, Inc. (NYSE:LTC) (“LTC” or the “Company”), a real estate investment trust that primarily invests in seniors housing and health care properties, announced today that it has increased commitments under its credit facility to $1.1 billion from $800 million.
LTC entered into a second amendment to its July 21, 2025 Credit Agreement (the “Agreement”) to increase the aggregate commitment of its lenders by $300 million to a total of $1.1 billion, through the exercise of the Agreement’s accordion feature. The $300 million increase expands the Company’s aggregate revolving credit commitment to $900 million from $600 million. Additionally, the Agreement increases the accordion feature from up to $1.2 billion to up to $2.0 billion. The material terms of the Agreement otherwise remain unchanged. In connection with the Agreement, LTC entered into three-year interest rate swap agreements to effectively fix the interest rates on $150 million under the Agreement at 4.97% per annum. The Agreement also expands LTC’s bank group to include new relationships with Manufacturers and Traders Trust Company and Hancock Whitney.
“Expanding our credit facility strengthens LTC’s financial flexibility and positions us to continue executing on our external growth strategy,” said Cece Chikhale, LTC’s Chief Financial Officer. “We have meaningfully expanded SHOP since our initial transaction in May 2025, and we remain focused on continuing to build momentum by pursuing additional NOI growth opportunities.”
LTC provided additional information about these transactions, including the network of bank participants, in Form 8-K as filed with the Securities and Exchange Commission on June 30, 2026.
About LTC
LTC is a real estate investment trust (REIT) focused on seniors housing and health care properties, investing through SHOP, as well as triple-net leases and joint ventures. The Company’s portfolio includes nearly 190 properties throughout the United States. Based on gross real estate investments, nearly 70% of the Company’s assets are seniors housing communities with the remainder skilled nursing centers. Learn more at www.ltcreit.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, adopted pursuant to the Private Securities Litigation Reform Act of 1995. Statements that are not purely historical may be forward-looking. You can identify some of the forward-looking statements by their use of forward-looking words, such as “believes,” “expects,” “may,” “will,” “could,” “would,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates” or “anticipates,” or the negative of those words or similar words. Examples of forward-looking statements include the Company’s growth strategy and pursuit of additional NOI growth opportunities. Forward-looking statements involve inherent risks and uncertainties regarding events, conditions and financial trends that may affect the Company’s future plans of operation, business strategy, results of operations and financial position. A number of important factors could cause actual results to differ materially from those included within or contemplated by such forward-looking statements, including, but not limited to, the Company’s dependence on its operators for revenue and cash flow; operational and legal risks and liabilities under the Company’s new SHOP segment; government regulation of the health care industry; changes in federal, state, or local laws limiting REIT investments in the health care sector; federal and state health care cost containment measures including reductions in reimbursement from third-party payors such as Medicare and Medicaid; required regulatory approvals for operation of health care facilities; a failure to comply with federal, state, or local regulations for the operation of health care facilities; the adequacy of insurance coverage maintained by the Company’s operators; the Company’s reliance on a few major operators; the Company’s ability to renew leases or enter into favorable terms of renewals or new leases; the impact of inflation, operator financial or legal difficulties; the sufficiency of collateral securing mortgage loans; an impairment of the Company’s real estate investments; the relative illiquidity of the Company’s real estate investments; the Company’s ability to develop and complete construction projects; the Company’s ability to invest cash proceeds for health care properties; a failure to qualify as a REIT; the Company’s ability to grow if access to capital is limited; and a failure to maintain or increase the Company’s dividend. For a discussion of these and other factors that could cause actual results to differ from those contemplated in the forward-looking statements, please see the discussion under “Risk Factors” contained in the Company’s Annual Report on Form 10‑K for the fiscal year ended December 31, 2025, the Company’s subsequent Quarterly Reports on Form 10‑Q, and the Company’s publicly available filings with the Securities and Exchange Commission. The Company does not undertake any responsibility to update or revise any of these factors or to announce publicly any revisions to forward-looking statements, whether as a result of new information, future events or otherwise. Although the Company’s management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The actual results achieved by the Company may differ materially from any forward-looking statements due to the risks and uncertainties of such statements.
SAN DIEGO, June 19, 2026 (GLOBE NEWSWIRE) -- Lite Strategy, Inc. (Nasdaq: LITS) ("Lite Strategy" or the "Company"), the first U.S. public company to adopt Litecoin (LTC) as its primary treasury reserve asset, today announced its participation in a featured panel at the Litecoin Foundation Summit, taking place June 22-23, 2026 at the Tobacco Theatre in Amsterdam, Netherlands.
The Litecoin Foundation Summit is the flagship annual gathering of the Litecoin ecosystem, held this year in collaboration with Dutch Blockchain Week. The two-day event brings together builders, institutional voices, and community members for discussions spanning payments, privacy, and sound money.
The panel will feature Lite Strategy Board Members Charlie Lee, creator of Litecoin and Director at the Litecoin Foundation, and Joshua Riezman, Chief Strategy Officer and Head of U.S. Legal at GSR. The panel will be moderated by Randi Hipper, Digital Asset Educator or Host of The Daily Zest Podcast. This marks Lite Strategy's first appearance at the Summit and the first time a NASDAQ-listed digital asset treasury company has taken the stage at the annual event.
Jay File, CEO and CFO of Lite Strategy, said, "The Litecoin community is one of the most dedicated and passionate in the entire digital asset space. Getting in front of them directly, hearing what they care about, and showing them what we're building at Lite Strategy is something we've been looking forward to. Our focus remains on building lasting value through disciplined capital allocation, generating yield on our LTC holdings, and advancing the institutional credibility of Litecoin as a reserve asset."
Charlie Lee, Lite Strategy Board Member and creator of Litecoin, said "Each year the Litecoin Summit brings together the builders, allocators, and institutions that are shaping where this asset class goes next and reflect on how far we've come. This year, for the first time, we have a NASDAQ digital asset treasury company on the stage, and that shows the institutional direction where Litecoin is being adopted."
Panel Details:
Event: Litecoin Foundation Summit 2026Panel Title: Litecoin's institutional opportunityLocation: Tobacco Theatre, AmsterdamDate & Time: June 22, 2026, 14:00 CESTPanelists: Charlie Lee (Creator of Litecoin, LITS Board Member), Joshua Riezman (CSO and Head of U.S. Legal, GSR; LITS Board Member)Moderator: Randi Hipper
Litecoin enters the Summit with 14 years of uninterrupted uptime and over 390 million transactions processed, a track record no newer digital asset can match. That foundation is now drawing serious institutional attention. The SEC's March 2026 guidance classifying LTC as a digital commodity, the October 2025 launch of the Canary spot Litecoin ETF on Nasdaq, and the formation of the first NASDAQ-listed active Litecoin treasury company have collectively established a credible on-ramp for allocators and treasury managers looking for proven, liquid digital asset exposure.
About Lite Strategy, Inc.
Lite Strategy, Inc. (Nasdaq: LITS) is the first U.S. publicly traded company to adopt Litecoin as its primary treasury reserve asset. Lite Strategy employs an active treasury management strategy including a covered call options program to generate yield on its LTC holdings and create lasting shareholder value. Lite Strategy offers investors regulated, transparent, and actively managed exposure to Litecoin that no ETF or passive vehicle can replicate. Lite Strategy also retains a portfolio of pharmaceutical assets, providing unique strategic optionality independent of digital asset treasury. For more information, visit www.litestrategy.com.
Forward-Looking Statements
Certain information contained in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 including, without limitation, statements regarding our future actions, prospective products and activities, future performance or results. You should be aware that our actual results could differ materially from those contained in the forward-looking statements, which are based on management's current expectations and are subject to a number of risks and uncertainties, including, but not limited to, risk relating to being able to utilize our repurchase program to repurchase our shares in the market on attractive terms or at all, maintaining our current listing on Nasdaq, our ability to retain and attract senior management and other key employees, fluctuations in the market price of LTC and any associated impairment charges that we may incur as a result of a decrease in the market price of LTC below the value at which LTC is carried on our balance sheet, changes in the accounting treatment relating to our LTC holdings, our ability to achieve profitable operations, government regulation of cryptocurrencies and online betting, changes in securities laws or regulations, customer acceptance of new products and services including our LTC treasury strategy, the demand for our products and our customers' economic condition, the impact of competitive products and pricing, our proprietary rights, general economic conditions and other risk factors detailed in our annual report and other filings with the Securities and Exchange Commission. We do not intend to update any of these factors or to publicly announce the results of any revisions to these forward-looking statements.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Passive income is revenue generated without the earner’s continuous active effort, making it a desirable financial strategy for those seeking to diversify their income streams or achieve financial independence. Passive income can help cover rising costs, making it easier for investors to set aside money for future needs as they prepare or enter retirement. Dependable recurring dividends from quality, high-yield stocks are a recipe for success, especially when those dividends are paid monthly.
A monthly check from your stock portfolio makes sense for most people with bills and expenses due every 30 days, especially in a world where prices are consistently rising. Items like mortgage payments, rent, utilities, cell phone and internet bills, trash collection, and even grocery bills are always due each month. A steady stream of passive monthly income can be a huge help in meeting those obligations.
We screened our 24/7 Wall Street research database for quality companies rated Buy at major Wall Street firms that paid monthly dividends. Five seem like great ideas for Baby Boomer and Gen X passive income-oriented investors seeking upside appreciation. With the potential for solid total return to help fight the current sticky inflation, these are solid ideas now.
Why do we cover monthly dividend stocks?
Since 1926, dividends have accounted for approximately 32% of the S&P 500’s total return, while capital appreciation has accounted for 68%. Therefore, sustainable dividend income and the potential for capital appreciation are essential to total return expectations. A study by Hartford Funds, in collaboration with Ned Davis Research, found that dividend stocks delivered an annualized return of 9.18% over the 50 years from 1973 to 2023. Over the same timeline, this was more than double the annualized return for non-payers (3.95%).
Agree Realty Agree Realty (NYSE: ADC | ADC Price Prediction) is an $8+ billion industry leader in the acquisition and development of properties net-leased to retailers. This mid-cap stock offers a reliable 3.96% dividend and strong upside potential. Agree Realty is a publicly traded real estate investment trust (REIT) that acquires and develops properties net-leased to industry-leading, omnichannel retail tenants. The company focuses on necessity-based retail tenants, which provide stability across economic cycles.
The company’s assets are held by, and all of its operations are conducted directly or indirectly through, the operating partnership of which the company is the sole general partner.
Agree Realty owns over 2,370 single-tenant retail properties leased to investment-grade retailers, including Walmart, Dollar General, and Home Depot. It has a strong dividend safety profile and an investment-grade balance sheet. Importantly, its diversified portfolio, with no tenant accounting for more than 8% of rent, and its focus on e-commerce-resistant sectors like grocery and home improvement, ensure resilience. Plus, for investors concerned with investment safety, its BBB+ credit rating and strong dividend coverage support its reliability.
Its portfolio comprises approximately 48.8 million square feet of gross leasable area located in:
Texas Ohio Florida Michigan Illinois North Carolina New Jersey Pennsylvania California New York Georgia Virginia Connecticut Wisconsin Agree Realty tenants include these companies:
Walmart Dollar General Tractor Supply Best Buy Dollar Tree TJX Companies O’Reilly Auto Parts CVS Kroger Lowe’s Hobby Lobby Burlington Sherwin-Williams Sunbelt Rentals Wawa Home Depot TBC Gerber Collision Raymond James has a Strong Buy rating and a $90 target price.
EPR Properties This REIT invests in some of the most popular entertainment companies. EPR Properties (NYSE: EPR) is a leading experiential net-lease REIT specializing in select enduring experiential properties and pays a 6.59% dividend. EPR recently increased its monthly dividend by 5.1% and expects FFO per share growth of more than 5% in 2026, supporting continued dividend increases.
The company operates through two segments. The Experiential segment consists of approximately:
157 theater properties 58 eat and play properties 24 attraction properties 11 ski properties Four experiential lodging properties One gaming property One cultural property 22 fitness and wellness properties The company’s Education segment comprises 59 early childhood education centers and nine private schools.
EPR’s investment portfolio includes ownership of and long-term mortgages on experiential and educational properties. The company has investments in approximately 44 states. All the company’s owned single-tenant properties are leased on long-term, triple-net terms.
Raymond James has an Outperform rating with a $60 target price objective.
Realty Income Realty Income (NYSE: O) is a REIT that has paid monthly dividends consistently for years. It owns over 15,000 properties leased primarily to defensive retailers. This is an ideal stock for growth and income investors seeking a safer contrarian idea for the rest of 2026, with a 5.09% dividend yield. The S&P 500 company acquires and manages freestanding commercial properties that generate rental revenue under long-term net lease agreements with its commercial clients.
It is engaged in a single business activity: leasing property to clients, generally on a net basis. This business activity spans various geographic boundaries and encompasses a range of property types and clients across multiple industries. Widely considered the gold standard of monthly dividend stocks, Realty Income has been paying dividends since 1969. It has paid 667 consecutive monthly dividends as of early 2026 and increased its dividend 132 times since its 1994 IPO.
The company owns or holds interests in approximately 15,621 properties in all 50 states:
United Kingdom France Germany Ireland Italy Portugal Spain With clients operating in 89 industries, its property types include retail, industrial, gaming, and other categories such as agriculture and office. Its primary industry concentrations include:
Grocery stores Convenience stores Dollar stores Drug stores Home improvement stores Restaurants Quick service UBS has a Buy rating with a $72 target price.
Main Street Capital Main Street Capital (NASDAQ: MAIN) has helped over 200 private companies grow or transition by providing flexible private equity and debt capital solutions. This stock is a favorite across Wall Street and offers a substantial 5.37% monthly dividend. This business development company has a strong history of monthly dividends and relatively conservative lending practices. The firm holds a BBB− investment-grade credit rating and has much less debt than regulators allow, making it one of the few monthly dividend stocks to earn a “Safe” Dividend Safety Score.
The firm also provides debt capital to middle-market companies for:
Acquisitions Management buyouts Growth financings Recapitalizations Refinancing The firm seeks to partner with entrepreneurs, business owners, and management teams and generally provides “one-stop” financing options within its lower-middle-market portfolio. Main Street Capital typically invests in lower-middle-market companies with annual revenues between $10 million and $150 million. The firm’s middle-market debt investments are in businesses that are generally larger than those of its lower middle-market portfolio companies. It also creates majority and minority equity.
Royal Bank of Canada has an Outperform rating with a $66 target price.
LTC Properties This healthcare REIT specializes in seniors housing and skilled nursing facilities, providing exposure to the growing healthcare real estate sector and offering a rich 5.79% monthly dividend yield. LTC Properties (NYSE: LTC) invests in senior housing and healthcare properties through sale-leasebacks, mortgage financing, joint ventures, construction financing, and structured finance solutions, including preferred equity and mezzanine lending.
LTC is backed by one of the most compelling long-term trends in real estate. The senior housing sector faces a substantial supply shortfall at current development rates. That gap is only going to widen as the Baby Boomer generation continues to age into retirement and assisted living. That structural demand makes LTC’s property portfolio increasingly valuable over time. The slightly elevated yield reflects the reality that healthcare REITs carry some regulatory risk, but few sectors can match the long-term growth fundamentals of an aging population.
It invests in various properties, including:
Skilled nursing centers, which provide restorative, rehabilitative, and nursing care Assisted living facilities, which serve people who require assistance with activities of daily living Independent living facilities, also known as retirement communities or senior apartments, offer a community and numerous levels of service, such as laundry, housekeeping, dining options/meal plans, exercise and wellness programs, transportation, social, cultural, and recreational activities, on-site security, and others Memory care facilities that offer specialized options for people with Alzheimer’s disease and other forms of dementia Citizens has a Market Outperform rating with a $43 target price.
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties Inc. (NYSE: LTC) (“LTC” or the “Company”) will release first quarter earnings on Wednesday, May 6, 2026 after market close.
LTC will conduct a conference call on Thursday, May 7, 2026 at 8:00 a.m. Pacific / 11:00 a.m. Eastern, to provide commentary on the performance and operating results for the quarter ended March 31, 2026.
Conference Call
Interested parties may access the live conference call via the following:
Conference Call Replay
A replay of the call will be available three hours after the live call and through May 21, 2026.
An audio replay of the conference call and the Company’s earnings release and supplemental information package for the current period will be available on the Company’s website at: https://ir.ltcreit.com/
About LTC Properties
LTC is a real estate investment trust (REIT) focused on seniors housing and health care properties, investing through SHOP, triple-net leases, joint ventures, and structured finance solutions. The Company’s portfolio includes nearly 190 properties throughout the United States. Based on gross real estate investments, approximately 67% of the Company’s assets are seniors housing communities with the remainder skilled nursing centers. Learn more at www.ltcreit.com.
Forward Looking Statements
This press release includes statements that are not purely historical and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company’s expectations, beliefs, intentions or strategies regarding the future. All statements other than historical facts contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties. All forward-looking statements included in this press release are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such forward-looking statements. Although the Company’s management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The actual results achieved by the Company may differ materially from any forward-looking statements due to the risks and uncertainties of such statements.
Calgary, Alberta--(Newsfile Corp. - April 22, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to announce that today the Company has sold its non-core assets located in Tableland, Saskatchewan (the "Tableland Assets") to an arm's length third party (the "Purchaser") for aggregate proceeds of $13.0 million (the "Transaction"). The Transaction was completed pursuant to an asset purchase and sale agreement between the Company and the Purchaser entered into on April 22, 2026. The average production from the Tableland Assets in March 2026 comprised of approximately 300 boe/d (80% crude oil), primarily from the Bakken and Torquay formation. The Company intends to use the proceeds to repay the debt outstanding under its credit facilities. The Company's semi-annual borrowing base review with ATB Financial was completed on April 21, 2026, extending the maturity date of the credit facilities to May 31, 2028, with no change to the Company's $40.0 million borrowing base. The Company will provide an update to shareholders on April 27, 2026 in conjunction with the release of its Q1 2026 financial results.
Forward-looking Information and Statements
This press release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends", "strategy" and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the foregoing, this press release contains forward-looking information and statements pertaining to the following: the intended use of the net proceeds from the Transaction; and the intent of the Company to provide a further update to shareholders on April 27, 2026 in conjunction with the release of its Q1 2026 financial results. The forward-looking information and statements contained in this press release reflect several material factors and expectations and assumptions of Lotus Creek including, without limitation: that the net proceeds from the Transaction will not be used for any other purposes other than as anticipated herein; and that the Company will release its Q1 2026 financial results on the currently expected timing and the Company will provide an update at such time. Lotus Creek believes the material factors, expectations and assumptions reflected in the forward-looking information and statements are reasonable, but no assurance can be given that these factors, expectations and assumptions will prove to be correct. Such information and statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information or statements including, without limitation: risks of any delay in holding its board of directors meeting to approve, or any delay in releasing, its Q1 2026 financial results; the risk that management or the board of directors of the Company allocating the net proceeds from the Transaction to purposes other than those identified herein; and certain other risks detailed from time to time in Lotus Creek's public documents including risk factors set out in Lotus Creek's annual information form for the year ended December 31, 2025, which is available on SEDAR+ at www.sedarplus.ca. The forward-looking information and statements and FOFI contained in this press release speak only as of the date of this press release, and Lotus Creek does not assume any obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293753
Source: Lotus Creek Exploration Inc.
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Calgary, Alberta--(Newsfile Corp. - April 27, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to provide the following first quarter operating results and operational update to shareholders. Lotus Creek's Interim Consolidated Financial Statements and related Management's Discussion and Analysis ("MD&A") for the period ended March 31, 2026 are available for review on Lotus Creek's website at www.lotuscreek.ca and on Lotus Creek's SEDAR+ profile at www.sedarplus.ca.
QUARTERLY HIGHLIGHTS
Adjusted funds from operations ("Adjusted FFO") for the first quarter of 2026 was $10.6 million as compared to $1.6 million for the first quarter of 2025 and $7.9 million for the previous quarter. Cash flows from operating activities for the first quarter of 2026 was $10.2 million compared to cash flows used in operating activities of $0.4 million for the first quarter of 2025 and cash flows from operating activities of $5.5 million for the previous quarter. See "Non-GAAP and Other Financial Measures" in this press release.Production for the first quarter of 2026 was 4,010 boe per day comprised of 2,274 bbl per day of crude oil, 896 bbl per day of NGLs and 5,040 mcf per day of natural gas. Production increased from the previous quarter of 3,391 boe per day due to the wells in Wilson Creek brought onstream in March 2026. During the first 30 days of production, the wells averaged over 1,340 boe per day, consisting of 725 bbl per day of crude oil, 360 bbl per day of NGLs, and 1,530 mcf per day of natural gas. The wells remain in the early stages of production, with two wells currently flowing and one well on pump, and the Company continues to monitor performance and optimize operations.During the first quarter of 2026, the Company drilled, completed, equipped and brought onstream 3.0 gross (2.9 net) light oil Belly River wells in Wilson Creek for an average cost of $4.1 million per well. Lotus Creek invested a total of $14.4 million of capital during the first quarter of 2026, which included the successful drilling activity in Wilson Creek, and the commissioning of a new treater in Wilson Creek which will become fully operational in the second quarter. The treater is expected to increase netback, with Wilson Creek volumes no longer needing to be trucked to a cleaning facility, but transported to a sales terminal and sold at a premium. The treater is expected to achieve payout in 2027.As at March 31, 2026, the Company had a net debt of $13.7 million and a net debt to quarterly funds from operations of 0.3 times. Subsequent to period end, the Company completed its borrowing base review, extending the maturity of its credit facilities with ATB Financial (the "Credit Facilities") to May 31, 2028. The Company is expected to have ample liquidity through its Credit Facilities. See "Non-GAAP and Other Financial Measures" in this press release.Subsequent to March 31, 2026, the Company sold its non-core assets located in Tableland, Saskatchewan (the "Tableland Assets") to an unrelated third party (the "Purchaser") for aggregate proceeds of $13.0 million (the "Transaction"). The Transaction was completed pursuant to an asset purchase and sale agreement between the Company and the Purchaser, which closed on April 22, 2026. The average production from the Tableland Assets in March 2026 comprised of approximately 300 boe per day (80% light crude oil), primarily from the Bakken and Torquay formation. The Company used the proceeds received from the Transaction to repay the debt outstanding under its Credit Facilities and strengthen the balance sheet of the Company.Lotus Creek generated a net loss of $4.4 million for the first quarter of 2026 compared to a net loss of $0.5 million for the first quarter of 2025 and net income of $2.6 million for the previous quarter. The net loss in the first quarter of 2026 was inclusive of a $9.2 million unrealized loss on outstanding risk management contracts. 2026 REVISED GUIDANCE AND EXPANDED CAPITAL BUDGET
The Board of Directors of the Company has approved an increase in the 2026 capital budget from $42.0 million to $50.0 million. The additional $8.0 million reinvested in the 2026 capital program will be focused on accelerating 2.0 gross (2.0 net) light oil Belly River wells in Wilson Creek. The Company plans to replace the production from the Tableland Asset disposition with added production from the expanded drilling program. As a result, the Company has revised its annual and fourth quarter of 2026 average production guidance upward due to the approved increase in the 2026 capital budget. The full-year 2026 budget advances a strategy of disciplined, profitable per-share growth while maintaining financial resilience in a volatile oil price environment. The Company intends to direct capital to its highest-value projects at Wilson Creek, ensuring a solid foundation to drive shareholder value. This strategy also further leverages the benefit of key foundational investments in 2025, including the 3D seismic program and the new Wilson Creek oil battery constructed in 2025.
Table 1
2026 Previous Fiscal Guidance 2026 Revised Fiscal GuidanceQ1 2026
YTD ActualsAnnual production (boe/d)3,600 - 4,000 3,800 - 4,2004,010Q4 average production (boe/d)3,800 - 4,200 4,800 - 5,200NACapital and abandonment expenditures ($ millions)42.0 50.014.4Crude oil and NGLs weighting (%)77 7679Natural gas weighting (%)23 2421The following table summarizes selected highlights for the three months ended March 31, 2026:
Three months ended(Cdn$ thousands, except per share, share and per boe amounts)Mar 31, 2026Mar 31, 2025 (2)Dec 31, 2025FINANCIAL
Adjusted funds from operations (1)10,6131,6197,920 Per weighted average basic share 0.270.070.20Cash flows from (used in) operating activities10,159(443)5,526 Per weighted average basic share 0.25(0.02)0.14Net (loss) income(4,352)(489)2,638 Per weighted average basic share (0.11)(0.02)0.07Net (debt) surplus (1)(13,657)12,192(9,848)Weighted average shares, basic (thousands) 40,02624,44440,000Shares outstanding, end of period (thousands) 40,10540,00040,000
CAPITAL
Exploration and evaluation expenditures1699,292415Property, plant and equipment expenditures14,23829410,117Decommissioning liabilities settled19-676Total capital and abandonment expenditures14,4269,58611,208Net acquisitions (3)-58,435-
OPERATING
Production
Crude oil (bbl/d)2,2749452,055 Natural gas liquids (bbl/d)896252634 Natural gas (mcf/d)5,0402,6094,213 Total (boe/d)4,0101,6323,391
Average realized prices
Crude oil ($/bbl)93.9289.8274.88 Natural gas liquids ($/bbl)26.2143.2126.74 Natural gas ($/mcf)1.812.232.20
Netback and selected financial results ($/boe)
Petroleum and natural gas sales61.4062.2753.11 Royalties(6.95)(9.07)(4.81) Operating expenses(17.44)(23.92)(16.12) Transportation expenses(0.82)(1.87)(0.70) Operating netback (1)36.1927.4131.48 Realized settled risk management (loss) gain(2.55)-1.03 General and administrative(3.47)(9.24)(6.23) Interest income-0.780.02 Interest and financing charges(0.76)(0.91)(0.91) Adjusted funds from operations (1)29.4118.0425.39 Cash flows from (used in) operating activities28.15(4.94)17.71(1) Adjusted funds from operations, net (debt) surplus and operating netback do not have any standardized meanings under Canadian generally accepted accounting principles ("GAAP") and therefore may not be comparable to similar measures presented by other entities. For additional information related to these measures, including a reconciliation to the nearest GAAP measures, where applicable, see "Non-GAAP and Other Financial Measures".
(2) The commercial operations of Lotus Creek for the first quarter of 2025 are between February 5, 2025 and March 31, 2025.
(3) Net of decommissioning liabilities on date of acquisition.
ABOUT LOTUS CREEK
Lotus Creek is a Canadian exploration and production company with oil production and exploration assets in Central Alberta and Cold Lake, Alberta. On February 5, 2025, Lotus Creek, Gear Energy Ltd. and a third-party closed the previously announced transformative plan of arrangement and the Company commenced commercial operations on close of the plan of arrangement.
Our objective is to be the fastest growing, fully funded, public junior oil and gas company in Canada. We will measure shareholder value creation by profitable growth in earnings, cashflow, production and producing reserves per debt adjusted share.
Key Attributes
✓ High-quality, light sweet oil production base with long life reserves
✓ Material upside in the Wilson Creek assets with strong economics and capital efficiencies
✓ Multiple stacked oil reservoir zones, with open hole, multi-lateral and multi-stage fractured horizontal locations
✓ Well capitalized business model positioned to substantially grow in the coming years
Forward-looking Information and Statements
This press release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends", "strategy" and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the foregoing, this press release contains forward-looking information and statements pertaining to the following: the new treater in Wilson Creek will become fully operational in the second quarter of 2026 and is expected to improve the Company's netback; the Company's expectation of having ample liquidity through its Credit Facilities; the Company's further revised 2026 budget and guidance including with forecast average production for the full year and fourth quarter (and the expected commodity weightings) and the forecast amount of capital and abandonment expenditures; expected details and timing of capital expenditures in 2026; the intention of the Company to replace the production from the disposition of the Tableland Assets with added production from the expanded drilling program; the expectation that the full-year 2026 budget advances our strategy of disciplined, profitable per-share growth while maintaining financial resilience in a volatile oil price environment; the Company's intention to direct capital to our highest-value projects at Wilson Creek, ensuring a solid foundation to drive shareholder value; the expectation that our strategy further leverages the benefit of key foundational investments in 2025, including the 3D seismic program and the new Wilson Creek oil battery constructed in 2025; . Lotus Creek's objective to be the fastest growing, fully funded, public junior oil and gas company in Canada; that the Company will measure shareholder value creation by profitable growth in cashflow, production and producing reserves per debt adjusted share; our expectation that the Company has a high-quality, light sweet oil production base with long life reserves; the expectation that we have material upside in the Wilson Creek assets with strong economics and capital efficiencies; expectations that our assets include multiple stacked oil reservoir zones, with open hole, multi-lateral and multi-stage fractured horizontal locations; and the Company's expectation that its well capitalized business model positions the Company to substantially grow in the coming years.
The forward-looking information and statements contained in this press release reflect several material factors and expectations and assumptions of Lotus Creek including, without limitation: that Lotus Creek will continue to conduct its operations in a manner consistent with past operations; the duration and impact of tariffs (or other retaliatory trade measures) imposed by Canada or the U.S. (or other countries) on exports and/or imports into and out of such countries; that the upcoming 2026 United States - Mexico - Canada Agreement ("USMCA") review does not significantly impact the ability or costs of Canadian oil and gas companies to export their products into the United States or have other negative to the Canadian economy and/or the Company's business; the ability of the Company to receive all necessary regulatory approvals without significant adverse conditions; the general continuance of current industry conditions; the continuance of existing (and in certain circumstances, the implementation of proposed) tax, royalty and regulatory regimes; that well results will meet expectations; the accuracy of the estimates of Lotus Creek's reserves and resource volumes; certain commodity price and other cost assumptions; and the continued availability of adequate debt and equity financing and funds from operations to fund its planned expenditures. Lotus Creek believes the material factors, expectations and assumptions reflected in the forward-looking information and statements are reasonable, but no assurance can be given that these factors, expectations and assumptions will prove to be correct.
To the extent that any forward-looking information contained herein may be considered a financial outlook, such information has been included to provide readers with an understanding of management's assumptions used for budgeting and developing future plans and readers are cautioned that the information may not be appropriate for other purposes. The forward-looking information and statements included in this press release are not guarantees of future performance and should not be unduly relied upon. Such information and statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information or statements including, without limitation: the risks and impacts of tariffs (or other retaliatory trade measures) imposed by Canada or the U.S. (or other countries) on exports and/or imports into and out of such countries; the failure to receive any regulatory approvals required for the Company's operations; the impacts of the ongoing United States, Israel and Iran war (and other Middle-East conflicts (including the recent attacks by the U.S. and Israel on Iran and Iranian retaliation), Russia-Ukraine war (and any associated sanctions) and United States interventions in Venezuela on the global economy and on the oil and gas industry in Canada and elsewhere; the impacts of the upcoming USMCA on the ability of Canadian oil and gas companies to export their products into the United States, the Canadian economy and/or the Company's business; the impacts of inflation and supply chain issues; pandemics, political events, natural disasters and terrorism; changes in commodity prices; changes in the demand for or supply of Lotus Creek's products; unanticipated operating results or production declines; changes in tax or environmental laws, royalty rates or other regulatory matters; changes in development plans of Lotus Creek or by third party operators of Lotus Creek's properties, increased debt levels or debt service requirements; inability to obtain debt or equity financing as necessary to fund operations, capital expenditures and any potential acquisitions; any ability for Lotus Creek to repay any of its indebtedness when due; inaccurate estimation of Lotus Creek's oil and gas reserve and resource volumes; limited, unfavorable or a lack of access to capital markets; increased costs; a lack of adequate insurance coverage; the impact of competitors; and certain other risks detailed from time to time in Lotus Creek's public documents including risk factors set out in the Company's annual information form for the year ended December 31, 2025, which is available on SEDAR+ at www.sedarplus.ca.
This press release contains future-oriented financial information and financial outlook information (collectively, "FOFI") about Lotus Creek's prospective results of operations including, without limitation, forecast annual and fourth quarter average production and capital and abandonment expenditures, which are subject to the same assumptions, risk factors, limitations, and qualifications as set forth above. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on FOFI. Lotus Creek's actual results, performance or achievement could differ materially from those expressed in, or implied by, these FOFI, or if any of them do so, what benefits Lotus Creek will derive therefrom. Lotus Creek has included the FOFI in order to provide readers with a more complete perspective on Lotus Creek's future operations and such information may not be appropriate for other purposes.
The forward-looking information and statements and FOFI contained in this press release speak only as of the date of this press release, and Lotus Creek does not assume any obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable laws.
Non-GAAP and Other Financial Measures
This press release includes references to non-GAAP and other financial measures that Lotus Creek uses to analyze financial performance. These specified financial measures include non-GAAP financial measures, non-GAAP ratios, capital management measures and supplementary financial measures, and are not defined by International Financial Reporting Standards ("IFRS") Accounting Standards and are therefore referred to as non-GAAP and other financial measures. Management believes that the non-GAAP and other financial measures used by the Company are key performance measures for Lotus Creek and provide investors with information that is commonly used by other oil and gas companies. These key performance indicators and benchmarks as presented do not have any standardized meaning prescribed by IFRS Accounting Standards and therefore may not be comparable with the calculation of similar measures for other entities. These non-GAAP and other financial measures should not be considered an alternative to or more meaningful than their most directly comparable financial measure presented in the financial statements, as an indication of the Company's performance. Descriptions of the non-GAAP and other financial measures used by the Company as well as reconciliations to the most directly comparable GAAP measure for the three months ended March 31, 2026 and year ended December 31, 2025, where applicable, are provided below.
Adjusted Funds from Operations
Adjusted funds from (used in) operations is a non-GAAP financial measure defined as cash flows from (used in) operating activities before changes in non-cash operating working capital and decommissioning liabilities settled and adding back transaction costs, if any. Transaction costs, which primarily include legal fees and other related acquisition costs, are excluded to provide a measure representing cash flows generated by the Company's routine business operations. Lotus Creek evaluates its financial performance primarily on adjusted funds from operations and considers it a key measure for management and investors as it demonstrates the Company's ability to generate the adjusted funds from operations necessary to fund its capital program, settle decommissioning liabilities and repay debt.
Reconciliation of cash flows from (used in) operating activities to adjusted funds from operations:
($ thousands)Three months ended
Mar 31, 2026Mar 31, 2025Dec 31, 2025Cash flows from (used in) operating activities10,159(443)5,526Decommissioning liabilities settled19-676Change in non-cash operating working capital4281,4151,677Add back: transaction costs764741Adjusted funds from operations10,6131,6197,920Adjusted Funds from Operations per BOE
Adjusted funds from operations per boe is a non-GAAP ratio calculated as adjusted funds from operations, as defined and reconciled to cash flows from (used in) operating activities above, divided by sales production for the period. Lotus Creek considers this a useful non-GAAP ratio for management and investors as it evaluates financial performance on a per boe level, which enables better comparison to other oil and gas companies in demonstrating its ability to generate the adjusted funds from operations necessary to fund its capital program, settle decommissioning liabilities and repay debt
Adjusted Funds from Operations per Weighted Average Basic Share
Adjusted funds from operations per weighted average basic share is a non-GAAP ratio calculated as adjusted funds from operations, as defined and reconciled to cash flows from (used in) operating activities above, divided by the weighted average basic share amount. Lotus Creek considers this non-GAAP ratio a useful measure for management and investors as it demonstrates its ability to generate the adjusted funds from operations, on a per weighted average basic share basis, necessary to fund its capital program, settle decommissioning liabilities and repay debt.
Net (Debt) Surplus
Net (debt) surplus is a capital management measure defined as debt less current working capital items (excluding debt, risk management contracts, and decommissioning liabilities). Lotus Creek believes net (debt) surplus provides management and investors with a measure that is a key indicator of its leverage and strength of its balance sheet. Changes in net (debt) surplus are primarily a result of adjusted funds from operations, capital and abandonment expenditures and equity issuances.
Reconciliation of debt to net (debt) surplus:
Capital structure and liquidity
($ thousands) Mar 31, 2026Dec 31, 2025Debt(9,050)(6,921)Working capital deficit (1) (4,607)(2,927)Net debt (13,657)(9,848)(1) Current assets less current liabilities, excluding risk management contracts and decommissioning liabilities.
Net Debt to Quarterly Annualized Adjusted Funds from Operations
Net debt to quarterly annualized adjusted funds from operations is a non-GAAP ratio and is defined as net debt, as defined and reconciled to debt above, divided by the annualized adjusted funds from operations, as defined and reconciled to cash flows from operating activities above, for the most recently completed quarter. Lotus Creek uses net debt to quarterly annualized adjusted funds from operations to analyze financial and operating performance. Lotus Creek considers this a key measure for management and investors as it demonstrates the Company's ability to pay off its debt and take on new debt, if necessary, using the most recent quarter's results. When the Company is in a net surplus position, the Company's net debt to annualized adjusted funds from operations is not applicable.
Operating Netback
Operating netbacks are non-GAAP ratios calculated based on the amount of revenues received on a per unit of production basis after royalties and operating costs. Management considers operating netback to be a key measure of operating performance and profitability on a per unit basis of production. Management believes that operating netback provides investors with information that is commonly used by other oil and gas companies. The measurement on a per boe basis assists management and investors with evaluating operating performance on a comparable basis.
Per BOE Figures
This press release represents various results on a per boe basis, including adjusted funds from operations, cash flows (used in) from operating activities, petroleum and natural gas sales, royalties, operating costs, transportation costs, general and administrative, interest income and interest and financing charges. These supplementary financial measures are determined by dividing the applicable financial figure as prescribed under IFRS by the Company's total sales volumes for the respective period.
Barrels of Oil Equivalent
Disclosure provided herein in respect of BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of six Mcf to one Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Additionally, given that the value ratio based on the current price of crude oil, as compared to natural gas, is significantly different from the energy equivalency of 6:1; utilizing a conversion ratio of 6:1 may be misleading as an indication of value.
Initial Production Rates
References in this press release to initial production ("IP") rates, other short-term production rates or initial performance measures relating to new wells are useful in confirming the presence of hydrocarbons; however, such rates are not determinative of the rates at which such wells will commence production and decline thereafter and are not indicative of long-term performance or of ultimate recovery. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production for the Company. Accordingly, the Company cautions that such short-term rates should be considered to be preliminary.
Oil & Gas Matters
References to heavy oil, light and medium oil, natural gas liquids and natural gas in this press release refer to the heavy crude oil, light crude oil and medium crude oil, natural gas liquids and conventional natural gas, respectively, product types as defined in National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294469
Source: Lotus Creek Exploration Inc.
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Calgary, Alberta--(Newsfile Corp. - April 27, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC)("Lotus Creek" or the "Company") is pleased to announce that the nominees listed in the Company's management information circular dated March 13, 2026 were elected as directors of Lotus Creek at its annual meeting of shareholders (the "Meeting") held today, April 27, 2026. In addition, all other matters considered at the Meeting were approved by Lotus Creek's shareholders.
On a vote by ballot, each of the following seven nominees proposed by management was elected as a director of Lotus Creek:
Nominee Votes For Percent Votes Withheld Percent
Greg Bay 8,379,868 98.95% 89,139 1.05%Don T. Gray 8,419,807 99.42% 49,200 0.58%Kevin Johnson 8,370,175 98.83% 98,832 1.17%Scott Robinson 8,428,793 99.53% 40,214 0.47%Kathy Turgeon 8,368,559 98.81% 100,448 1.19%Wilson Wang 8,415,530 99.37% 53,477 0.63%Bindu Wyma 8,376,820 98.91% 92,187 1.09%Deloitte LLP, Chartered Professional Accountants, was appointed as the auditors of Lotus Creek with 96.22% of the shares represented at the Meeting voting in favour of their appointment.
The resolution to ratify Lotus Creek's existing share option plan was also approved with 98.33% of the shares represented at the Meeting voting in favour of the resolution.
CORPORATE PRESENTATION
Lotus Creek is also pleased to announce a new corporate presentation has been posted to the Company's website and can be accessed via the following link:
LOTUS CREEK AGM PRESENTATION
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294521
Source: Lotus Creek Exploration Inc.
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
LTC Properties (LTC) gets its prior hold rating reaffirmed, and agreeing with the latest neutral consensus this week. Key strengths are macro demand for senior and skilled nursing facilities, as well as a trend of portfolio growth that could drive upside. This REIT pays a monthly dividend which could be an income idea, but has not proven itself as a steady growth idea.
– Strategic Shift in Portfolio Mix and Successful SHOP Execution Driving Strong Future Growth –
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties, Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust that primarily invests in seniors housing and health care properties, today announced operating results for the first quarter ended March 31, 2026.
“Our capabilities, reputation and culture are resonating with sellers and operators, and these relationships are driving investment opportunities and record external growth,” said Clint Malin, LTC’s Co-CEO. “We have strong conviction that our SHOP strategy is the right one to create a higher growth profile company with better risk-adjusted returns to drive shareholder value.”
SHOP 1Q 2026 NOI: $12.7 million in line with our SHOP NOI 1Q 2026 guidance; reiterating full year 2026 SHOP guidance; SHOP Acquisitions: $108 million in 2026 first quarter; $9 million in April 2026; an additional $250 million anticipated to close in the second quarter. SHOP as a % of Gross Investments: 29%, projected to grow to 45% by year-end. Average Age of SHOP Properties: Under 10 years. Skilled Nursing as a % of Gross Investments: 33%, down from 46% at year-end 2024. “What began last year through the combination of acquisitions and conversions of nearly $570 million of seniors housing communities, ramps up this year with an additional $600 million of SHOP acquisitions projected at the mid-point of guidance,” said Pam Kessler, LTC’s Co-CEO. “These SHOP acquisitions, combined with approximately $265 million of skilled nursing divestitures, will result in 40% of LTC’s annualized NOI coming from SHOP by year-end.”
First Quarter 2026 Financial Results
Three Months Ended
March 31,
(unaudited, amounts in thousands, except per share data)
2026
2025
(unaudited)
Total revenues
$
95,411
$
49,031
Net income available to common stockholders
$
23,437
$
20,517
Diluted earnings per common share
$
0.48
$
0.45
Nareit funds from operations attributable to common stockholders ("FFO") (1)
$
35,426
$
29,508
Nareit diluted FFO per common share (1)
$
0.72
$
0.65
FFO attributable to common stockholders, excluding non-recurring items ("Core FFO") (1)
The Company has disclosed more detailed financial information in the tables below, its Supplemental Operating and Financial Data presentation for the 2026 first quarter, and its Form 10-Q, as filed with the Securities and Exchange Commission, which can be found online at https://ir.ltcreit.com.
First Quarter 2026 Transactions Update
Acquired a three-property portfolio in Georgia within the Company’s SHOP segment for $108.0 million, with a year-one cap rate of 7% and an expected unlevered IRR in the low teens (previously announced). Converted two seniors housing communities in Texas from the Company’s triple-net portfolio into SHOP. Upon conversion, the triple-net master lease was terminated and LTC entered into a management agreement with an operator new to LTC (previously announced). Sold a portfolio of three skilled nursing centers in Florida, accounted for as a financing receivable, for $64.0 million, inclusive of an 8.5% exit IRR of $1.8 million (previously announced). Second Quarter 2026 Subsequent Transactions Update
Converted two seniors housing communities, one in Georgia and one in South Carolina, from the Company’s triple-net portfolio into SHOP. Upon conversion, the triple-net master lease was terminated and LTC entered into a management agreement with an operator new to LTC. Acquired a seniors housing community in Illinois within the Company’s SHOP segment for $9.2 million, with a year-one cap rate of 9% and an expected unlevered IRR in the low teens. Concurrently, LTC entered into a management agreement with an operator new to LTC. Received the payoff of a $12.6 million mortgage loan, which is secured by a skilled nursing center in Texas. The loan is accounted for as an unconsolidated joint venture. Proforma Liquidity
$583.0 million total proforma liquidity: $17.6 million cash on hand. $373.0 million available under the Company’s unsecured revolving line of credit with $227.0 million outstanding. $192.4 million available under the Company’s ATM. Guidance
LTC is reaffirming its full year 2026 guidance as follows:
2026
Full Year
Diluted earnings per common share
$1.80 to $1.84
Diluted Core FFO per share
$2.75 to $2.79
Diluted Core FAD per share
$2.82 to $2.86
Information and a reconciliation of the Company’s guidance, funds from operations attributable to common stockholders, excluding non-recurring items, (“Core FFO”) and funds available for distribution, excluding non-recurring items, (“Core FAD”) can be found in the tables at the end of this press release.
Conference Call Information
LTC will conduct a conference call on Thursday, May 7, 2026 at 8:00 a.m. Pacific / 11:00 a.m. Eastern, to provide commentary on its performance and operating results for the quarter ended March 31, 2026.
Webcast
https://ir.ltcreit.com/
USA Toll-Free Number
(877) 407‑8634
International Number
(201) 689‑8502
Conference Call Replay
A replay of the call will be available three hours after the live call through May 21, 2026.
USA Toll-Free Number
(877) 660‑6853
International Number
(201) 612-7415
Access ID
13760036
About LTC
LTC is a real estate investment trust (REIT) focused on seniors housing and health care properties, principally investing through SHOP, triple-net leases, joint ventures, and structured finance solutions. The Company’s portfolio includes nearly 190 properties throughout the United States. Based on gross real estate investments, 66% of the Company’s assets are seniors housing communities with the remainder skilled nursing centers. Learn more at www.LTCreit.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, adopted pursuant to the Private Securities Litigation Reform Act of 1995. Statements that are not purely historical may be forward-looking. You can identify some of the forward-looking statements by their use of forward-looking words, such as “believes,” “expects,” “may,” “will,” “could,” “would,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates” or “anticipates,” or the negative of those words or similar words. Examples of forward-looking statements include the Company’s 2026 full year guidance and statements regarding the Company’s anticipated SHOP acquisitions, growth, NOI, and strategy. Forward-looking statements involve inherent risks and uncertainties regarding events, conditions and financial trends that may affect the Company’s future plans of operation, business strategy, results of operations and financial position. A number of important factors could cause actual results to differ materially from those included within or contemplated by such forward-looking statements, including, but not limited to, operational and legal risks and liabilities under the Company’s new SHOP segment; the Company’s dependence on the ability of its third-party independent operators to successfully manage and operate the Company’s SHOP communities; the Company’s dependence on its operators for revenue and cash flow; government regulation of the health care industry; changes in federal, state, or local laws limiting REIT investments in the health care sector; federal and state health care cost containment measures including reductions in reimbursement from third-party payors such as Medicare and Medicaid; required regulatory approvals for operation of health care facilities; a failure to comply with applicable law or regulations for the operation of health care facilities; the adequacy of insurance coverage maintained by the Company’s operators; the Company’s reliance on a few major operators; the Company’s ability to find suitable replacement operators for its SHOP communities; the Company’s ability to renew leases or enter into favorable terms of renewals or new leases; the impact of inflation; operator financial or legal difficulties; the sufficiency of collateral securing mortgage loans; an impairment of the Company’s real estate investments; the relative illiquidity of the Company’s real estate investments; the Company’s ability to develop and complete construction projects; the Company’s ability to invest cash proceeds for health care properties; a failure to qualify as a REIT; the Company’s ability to grow if access to capital is limited; and a failure to maintain or increase the Company’s dividend. For a discussion of these and other factors that could cause actual results to differ from those contemplated in the forward-looking statements, please see the discussion under “Risk Factors” and other information contained in the Company’s Annual Report on Form 10‑K for the fiscal year ended December 31, 2025, the Company’s subsequent Quarterly Reports on Form 10‑Q, and the Company’s publicly available filings with the Securities and Exchange Commission. The Company does not undertake any responsibility to update or revise any of these factors or to announce publicly any revisions to forward-looking statements, whether as a result of new information, future events or otherwise. Although the Company’s management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The actual results achieved by the Company may differ materially from any forward-looking statements due to the risks and uncertainties of such statements.
LTC PROPERTIES, INC.
CONSOLIDATED STATEMENTS OF INCOME
(amounts in thousands, except per share amounts)
Three Months Ended
March 31,
2026
2025
(unaudited)
Revenues:
Rental income
$
26,339
$
31,444
Resident fees and services (1)
49,585
—
Interest income from financing receivables (2)
8,255
7,002
Interest income from mortgage loans
10,229
9,179
Interest and other income
1,003
1,406
Total revenues
95,411
49,031
Expenses:
Interest expense
10,782
7,913
Depreciation and amortization
11,979
9,162
Seniors housing operating expenses (1)
36,889
—
(Recovery) provision for credit losses
(684
)
3,052
Transaction costs
688
441
Triple-net lease property tax expense
2,394
3,107
General and administrative expenses
8,582
6,971
Total expenses
70,630
30,646
Income before unconsolidated joint ventures, real estate dispositions and other items
24,781
18,385
(Loss) gain on sale of real estate, net
(10
)
171
Income from unconsolidated joint ventures
295
3,665
Income tax provision
(110
)
—
Net income
24,956
22,221
Income allocated to non-controlling interests
(1,363
)
(1,541
)
Net income attributable to LTC Properties, Inc.
23,593
20,680
Income allocated to participating securities
(156
)
(163
)
Net income available to common stockholders
$
23,437
$
20,517
Earnings per common share:
Basic
$
0.48
$
0.45
Diluted
$
0.48
$
0.45
Weighted average shares used to calculate earnings per
common share:
Basic
48,543
45,333
Diluted
48,969
45,683
Dividends declared and paid per common share
$
0.57
$
0.57
LTC PROPERTIES, INC.
CONSOLIDATED BALANCE SHEETS
(amounts in thousands, except per share amounts)
March 31, 2026
December 31, 2025
Investments:
(unaudited)
(audited)
Land
$
137,170
$
128,590
Buildings and improvements
1,584,390
1,482,075
Accumulated depreciation and amortization
(420,820
)
(408,906
)
Owned real properties, net
1,300,740
1,201,759
Financing receivables,(1) net of credit loss reserve: 2026—$2,869; 2025—$3,631
283,988
359,457
Mortgage loans receivable, net of credit loss reserve: 2026—$3,928; 2025—$3,849
389,461
381,662
Real property investments, net
1,974,189
1,942,878
Notes receivable, net of credit loss reserve: 2026—$258; 2025—$259
25,558
25,615
Investments in unconsolidated joint ventures
12,558
12,524
Investments, net
2,012,305
1,981,017
Other assets:
Cash and cash equivalents
21,667
14,387
Debt issue costs related to revolving line of credit
4,424
4,742
Interest receivable
23,278
22,720
Straight-line rent receivable
17,615
17,949
Prepaid expenses and other assets
23,085
21,245
Total assets
$
2,102,374
$
2,062,060
LIABILITIES
Revolving line of credit
$
282,963
$
252,863
Term loans, net of debt issue costs: 2026—$1,685; 2025—$1,787
198,315
198,213
Senior unsecured notes, net of debt issue costs: 2026—$855; 2025—$895
386,145
391,105
Accrued interest
3,730
3,806
Accrued expenses and other liabilities
48,195
53,689
Total liabilities
919,348
899,676
EQUITY
Stockholders’ equity:
Common stock: $0.01 par value; 110,000 shares authorized; shares issued and outstanding: 2026—49,779; 2025—48,482
498
485
Capital in excess of par value
1,229,304
1,189,846
Cumulative net income
1,867,000
1,843,407
Accumulated other comprehensive income
1,556
482
Cumulative distributions
(1,988,407
)
(1,959,236
)
Total LTC Properties, Inc. stockholders’ equity
1,109,951
1,074,984
Non-controlling interests
73,075
87,400
Total equity
1,183,026
1,162,384
Total liabilities and equity
$
2,102,374
$
2,062,060
LTC PROPERTIES, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited, amounts in thousands)
Three Months Ended
March 31,
2026
2025
OPERATING ACTIVITIES:
Net income
$
24,956
$
22,221
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
11,979
9,162
Stock-based compensation expense
2,064
2,253
Loss (gain) on sale of real estate, net
10
(171
)
Income tax provision
110
—
Income from unconsolidated joint ventures
(295
)
(3,665
)
Income distributions from unconsolidated joint ventures
295
3,699
Straight-line rent adjustment
334
578
Adjustment for collectability of straight-line rental income
—
243
Adjustment for collectability of lease incentives
—
249
Amortization of lease incentives
131
199
(Recovery) provision for credit losses
(684
)
3,052
Amortization of debt issue costs
501
271
Other non-cash items, net
2
24
Change in operating assets and liabilities
Increase in interest receivable
(1,921
)
(2,951
)
Decrease in accrued interest payable
(76
)
(170
)
Net change in other assets and liabilities
(6,643
)
(5,423
)
Net cash provided by operating activities
30,763
29,571
INVESTING ACTIVITIES:
Investment in real estate properties
(108,153
)
—
Investment in real estate capital improvements
(2,665
)
(1,326
)
Proceeds from sale of real estate, net
(10
)
1,512
Investment in financing receivables
(314
)
—
Proceeds from payoff of financing receivables
62,220
—
Investment in real estate mortgage loans receivable
(8,005
)
(1,919
)
Principal payments received on mortgage loans receivable
125
124
Investments in unconsolidated joint ventures
(34
)
—
Proceeds from liquidation of investments in unconsolidated joint ventures
—
13,000
Principal payments received on notes receivable
58
238
Net cash (used in) provided by investing activities
(56,778
)
11,629
FINANCING ACTIVITIES:
Net borrowings under revolving line of credit
30,100
4,500
Repayment of debt
(5,000
)
(7,000
)
Proceeds from common stock issued
43,412
8,485
Payments of common share issuance costs
(118
)
(74
)
Distributions paid to stockholders
(29,171
)
(27,259
)
Acquisition of and distribution paid to non-controlling interests
—
(1,188
)
Financing costs paid
(41
)
—
Cash paid for taxes in lieu of shares upon vesting of long-term equity incentives
(5,875
)
(4,772
)
Other
(12
)
(11
)
Net cash provided by (used in) financing activities
33,295
(27,319
)
Increase in cash and cash equivalents
7,280
13,881
Cash and cash equivalents, beginning of period
14,387
9,414
Cash and cash equivalents, end of period
$
21,667
$
23,295
See LTC’s most recent Quarterly Report on Form 10‑Q for Supplemental Cash Flow Information
Supplemental Reporting Measures
FFO, FAD, and NOI are supplemental measures of a real estate investment trust’s (“REIT”) financial performance that are not defined by U.S. generally accepted accounting principles (“GAAP”). Investors, analysts and the Company use FFO, FAD, and NOI as supplemental measures of operating performance. The Company believes FFO, FAD, and NOI are helpful in evaluating the operating performance of a REIT.
Real estate values historically rise and fall with market conditions, but cost accounting for real estate assets in accordance with GAAP assumes that the value of real estate assets diminishes predictably over time. LTC believes that by excluding the effect of historical cost depreciation, which may be of limited relevance in evaluating current performance, FFO and FAD facilitate like comparisons of operating performance between periods. Occasionally, the Company may exclude non-recurring items from FFO and FAD in order to allow investors, analysts and management to compare the Company’s operating performance on a consistent basis without having to account for differences caused by unanticipated items.
FFO, as defined by the National Association of Real Estate Investment Trusts (“Nareit”), means net income available to common stockholders (computed in accordance with GAAP) excluding gains or losses on the sale of real estate and impairment write-downs of depreciable real estate, plus real estate depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures. The Company’s computation of FFO may not be comparable to FFO reported by other REITs that do not define the term in accordance with the current Nareit definition or have a different interpretation of the current Nareit definition from that of the Company; therefore, caution should be exercised when comparing the Company’s FFO to that of other REITs.
The Company defines FAD as FFO excluding the effects of straight-line rent, amortization of lease inducement, effective interest income, deferred income from unconsolidated joint ventures, non-cash compensation charges, capitalized interest and non-cash interest charges. GAAP requires rental revenues related to non-contingent leases that contain specified rental increases over the life of the lease to be recognized evenly over the life of the lease. This method results in rental income in the early years of a lease that is higher than actual cash received, creating a straight-line rent receivable asset included in the consolidated balance sheet. At some point during the lease, depending on its terms, cash rent payments exceed the straight-line rent which results in the straight-line rent receivable asset decreasing to zero over the remainder of the lease term. Effective interest method, as required by GAAP, is a technique for calculating the actual interest rate for the term of a loan based on the initial origination value. Similar to the accounting methodology of straight-line rent, the actual interest rate is higher than the stated interest rate in the early years of a loan thus creating an effective interest receivable asset included in the interest receivable line item in the consolidated balance sheet and reduces down to zero when, at some point during the loan term, the stated interest rate is higher than the actual interest rate. FAD is useful in analyzing the portion of cash flow that is available for distribution to stockholders. Investors, analysts and the Company utilize FAD as an indicator of common dividend potential. The FAD payout ratio, which represents annual distributions to common shareholders expressed as a percentage of FAD, facilitates the comparison of dividend coverage between REITs.
The Company defines NOI as net income (loss) (computed in accordance with GAAP) before (i) general and administrative expenses, (ii) transaction costs, (iii) write-off of effective interest, (iv) provision for credit losses, (v) impairment loss, (vi) depreciation and amortization, (vii) interest expense, (viii) gain or loss on sale of real estate and (ix) income tax benefit or expense. We use NOI to reflect the operating performance of our portfolio because NOI excludes certain items that are not associated with the operations of our properties. NOI is not equivalent to our net income (loss) as determined under GAAP. Additionally, our use of the term NOI may not be comparable to that of other real estate companies as they may have different methodologies for computing this amount. Therefore, caution should be exercised when comparing our NOI to that of other REITs.
While the Company uses FFO, FAD, and NOI as supplemental performance measures of the cash flow generated by operations and cash available for distribution to stockholders, such measures are not representative of cash generated from operating activities in accordance with GAAP, and are not necessarily indicative of cash available to fund cash needs and should not be considered an alternative to net income available to common stockholders.
Reconciliation of FFO and FAD
The following table reconciles GAAP net income available to common stockholders to each of Nareit FFO attributable to common stockholders and FAD (unaudited, amounts in thousands):
Three Months Ended
March 31,
2026
2025
GAAP net income available to common stockholders
$
23,437
$
20,517
Add: Depreciation and amortization
11,979
9,162
Add (Less): Loss (gain) on sale of real estate, net
10
(171
)
Nareit FFO attributable to common stockholders
35,426
29,508
(Less) Add: Adjustments (1)
(1,691
)
405
FFO, excluding non-recurring items ("Core FFO")
$
33,735
$
29,913
Nareit FFO attributable to common stockholders
$
35,426
$
29,508
Non-cash income:
Add: Straight-line rent adjustment
334
578
Add: Amortization of lease incentives
131
447
Add: Other non-cash contra-revenue
—
243
Less: Effective interest income
(492
)
(1,401
)
Net non-cash income
(27
)
(133
)
Non-cash expense:
Add: Non-cash compensation charges
2,064
2,253
(Less) Add: (Recovery) provision for credit losses
(684
)
3,052
Net non-cash expense
1,380
5,305
Less: Recurring capital expenditures
(405
)
—
Funds available for distribution ("FAD")
36,374
34,680
Less: Adjustments (1)
(1,124
)
(2,659
)
FAD, excluding non-recurring items ("Core FAD")
$
35,250
$
32,021
Reconciliation of FFO and FAD (continued)
The following table continues the reconciliation between GAAP net income available to common stockholders and each of Nareit FFO attributable to common stockholders and FAD by reconciling the adjustments (unaudited, amounts in thousands):
Three Months Ended
March 31,
2026
2025
Reconciliation of adjustments to Nareit FFO:
Deduct: Recovery for credit losses related to loan payoffs
$
(765)
(1)
$
—
Add: Notes receivables and related interest receivable, if applicable, write-off
—
3,064
(2)
Add: Transaction costs
688
(3)
303
(3)
Deduct: Income related to exit IRRs received
(1,614)
(4)
(2,962)
(5)
Total adjustments to Nareit FFO
$
(1,691)
$
405
Reconciliation of adjustments to FAD:
Add: Transaction costs
$
688
(3)
$
303
(3)
Deduct: Income related to exit IRRs received
(1,812)
(4)
(2,962)
(5)
Total cash adjustments to FAD
$
(1,124)
$
(2,659)
____________________ (1) Represents the credit loss recovery recorded upon the sale of a portfolio of three skilled nursing centers in Florida that was accounted for as a financing receivable during the 2026 first quarter.
(2) Represents the write-off of a working capital note and related interest receivable balance during the 2025 first quarter in connection with the transition to SHOP.
(3) The transaction costs adjustment for the 2026 first quarter includes all transaction costs incurred, whereas the transaction costs adjustment for the 2025 first quarter includes only SHOP segment startup costs. Transaction costs are excluded from FFO and FAD to improve comparability across periods as such expenditures are not indicative of ongoing operations.
(4) The 2026 first quarter exit IRR income adjustment represents the payment received in connection with the sale noted in (1) above. The FFO adjustment represents the receipt of $1,812, offset by $198 of effective interest receivable previously recognized over the term of the loan through payoff.
(5) The 2025 first quarter exit IRR income adjustment represents the payment received in connection with the redemption of LTC’s preferred equity investment in a joint venture. The 13% exit IRR was not previously recorded.
Reconciliation of FFO and FAD (continued)
The following table continues the reconciliation between GAAP net income available to common stockholders and each of Nareit FFO attributable to common stockholders and FAD (unaudited, amounts in thousands, except per share amounts):
Three Months Ended
March 31,
2026
2025
Basic Nareit FFO attributable to common stockholders per share
$
0.73
$
0.65
Diluted Nareit FFO attributable to common stockholders per share
$
0.72
$
0.65
Diluted Nareit FFO attributable to common stockholders
$
35,582
$
29,671
Weighted average shares used to calculate Nareit diluted FFO attributable to common stockholders per share
49,234
45,961
Basic Core FFO per share
$
0.69
$
0.66
Diluted Core FFO per share
$
0.69
$
0.65
Diluted Core FFO
$
33,891
$
30,076
Weighted average shares used to calculate diluted Core FFO per share
49,234
45,961
Basic FAD per share
$
0.75
$
0.77
Diluted FAD per share
$
0.74
$
0.76
Diluted FAD
$
36,530
$
34,843
Weighted average shares used to calculate diluted FAD per share
49,234
45,961
Basic Core FAD per share
$
0.73
$
0.71
Diluted Core FAD per share
$
0.72
$
0.70
Diluted Core FAD
$
35,406
$
32,184
Weighted average shares used to calculate diluted Core FAD per share
49,234
45,961
Reconciliation of FFO and FAD (continued)
Guidance
The Company is reaffirming its guidance for the 2026 full year. The following guidance ranges reflect management's view of current and future market conditions. There can be no assurance that the Company's actual results will not differ materially from the estimates set forth below. Except as otherwise required by law, the Company assumes no, and hereby disclaims any, obligation to update any of the foregoing guidance ranges as a result of new information or new or future developments. The 2026 full year guidance is as follows (unaudited, amounts in thousands, except per share amounts):
Full Year 2026 Guidance
Low
High
Diluted earnings per common share
$
1.80
$
1.84
Less: Gain on sale, net of impairment loss
(0.13
)
(0.13
)
Add: Depreciation and amortization
1.10
1.10
Diluted Nareit FFO attributable to common stockholders
2.77
2.81
Add: Adjustments
(0.02
)
(0.02
)
Diluted Core FFO
$
2.75
$
2.79
Diluted Nareit FFO attributable to common stockholders
$
2.77
$
2.81
Add: Non-cash expense
0.14
0.14
Less: Recurring capital expenditures
(0.10
)
(0.10
)
Diluted FAD
2.81
2.85
Add: Adjustments
0.01
0.01
Diluted Core FAD
$
2.82
$
2.86
The assumptions underlying the full year guidance are as follows:
Gross investments in the range of $400.0 million and $800.0 million, including transactions closed to date or expected to close in the 2026 second quarter; Asset sales and loan payoffs of $265.9 million, including the $64.0 million portfolio sale during the 2026 first quarter; SHOP NOI, inclusive of expected net investments, in the range of $65.1 million to $77.2 million. For the core 27-property SHOP portfolio as of the 2026 first quarter (13 initial conversions and 14 acquired properties; excludes value-add conversions and additional acquisitions), SHOP NOI in the range of $53.0 million to $57.0 million. The assumptions underlying the SHOP NOI guidance at the midpoint are as follows: NOI growth of 14.0% over 2025 proforma NOI; Occupancy growth of 150 basis points from 2025 proforma average occupancy of 89.7%; Projected increases in average revenue per occupied room per month (“REVPOR”) of 5.0% and average expenses per occupied room per month (“EXPOR”) of 2.5%; and Projected margin of 27.5%. SHOP FAD capital expenditures in the range of $4.6 million to $4.9 million, or $1,500 per unit; SHOP Non-FAD capital expenditures of $10.0 million (increase from $9.0 million), including $4.0 million for initial conversions, $5.0 million underwritten for acquired SHOP properties as of the 2026 first quarter, and $1.0 million for value-add conversions of three properties; General and administrative costs in the range of $31.7 million to $33.9 million; and Adjustments to Core FFO and Core FAD include the following: One-time exit IRR income that LTC received in connection with the sale of three skilled nursing centers accounted for as a Financing receivable on the Company’s Consolidated Balance Sheets. See the reconciliation of non-recurring items above; Transaction costs in the range of $1.9 million to $2.4 million for the full year; and Recovery of provision for credit losses related to loan payoffs, including the $765,000 provision for credit losses recovery included on the reconciliation of non-recurring items above. Reconciliation of NOI
The following table reconciles GAAP net income to NOI (unaudited, amounts in thousands):
Three Months Ended
March 31, 2026
Net income
$
24,956
Add: Income tax provision
110
Add: Loss on sale of real estate, net
10
Add: General and administrative expenses
8,582
Add: Transaction costs
688
Less: Recovery for credit losses
(684
)
Add: Depreciation and amortization
11,979
Add: Interest expense
10,782
NOI
$
56,423
The following table provides a summary of the Company’s NOI by segment (unaudited, amounts in thousands):
LTC Properties (LTC - Free Report) came out with quarterly funds from operations (FFO) of $0.69 per share, missing the Zacks Consensus Estimate of $0.72 per share. This compares to FFO of $0.65 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of -4.17%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.68 per share when it actually produced FFO of $0.7, delivering a surprise of +2.94%.
Over the last four quarters, the company has surpassed consensus FFO estimates three times.
LTC, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $26.34 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 19.4%. This compares to year-ago revenues of $31.44 million. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
LTC shares have added about 11.1% since the beginning of the year versus the S&P 500's gain of 6%.
What's Next for LTC?While LTC has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for LTC was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $0.72 on $35.14 million in revenues for the coming quarter and $2.80 on $138.65 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Outfront Media (OUT - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on May 7.
This billboard, transit and digital display advertising company is expected to post quarterly earnings of $0.28 per share in its upcoming report, which represents a year-over-year change of +100%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Outfront Media's revenues are expected to be $419.85 million, up 7.5% from the year-ago quarter.
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties Inc. (NYSE: LTC) (“LTC” or the “Company”), announced today senior management will participate in the BMO North American Real Estate Conference on May 12, 2026 in New York.
The Company’s presentation package will be available online in the Investor Relations section of www.ltcreit.com.
About LTC Properties
LTC is a real estate investment trust (REIT) focused on seniors housing and health care properties, principally investing through SHOP, triple-net leases, joint ventures, and structured finance solutions. The Company’s portfolio includes nearly 190 properties throughout the United States. Based on gross real estate investments, 66% of the Company’s assets are seniors housing communities with the remainder skilled nursing centers. Learn more at www.LTCreit.com.
Forward Looking Statements
This press release includes statements that are not purely historical and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company’s expectations, beliefs, intentions or strategies regarding the future. All statements other than historical facts contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties. Please see LTC’s most recent Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, and its other publicly available filings with the Securities and Exchange Commission for a discussion of these and other risks and uncertainties. All forward-looking statements included in this press release are based on information available to the Company on the date hereof, and LTC assumes no obligation to update such forward-looking statements. Although the Company’s management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The actual results achieved by the Company may differ materially from any forward-looking statements due to the risks and uncertainties of such statements.
MarketBeat Instant News Alerts Trending News All MarketBeat Instant News Alerts Sort By
Time Frame
Alert Type
Keywords
Page 1 of 326
Get 30 Days of MarketBeat All Access for Free
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools.
Start Your 30-Day Trial
Sign in to your free account to enjoy these benefits
In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer.
If you are looking for two grand a month and you have capital, you’re likely past at least your fifties. Dividend stocks like Realty Income (NYSE:O | O Price Prediction), LTC Properties (NYSE:LTC), and Diversified Royalty (OTCMKTS:BEVFF) are your best bets, and each of them will serve a different purpose for your portfolio.
If I were to build a $2,000-a-month dividend portfolio today, I would start with a minimum of $480k. That looks like a lot, but that’s where a 5% yield fetches you $2,000 a month. If you don’t have that amount, you can look into covered-call ETFs with very high yields, but I do not think they’re worth going for unless you are over 70.
If your dividend portfolio is giving you a better yield than some long-term Treasuries, while giving you “exposure” to the market, there’s always a big catch involved. You shouldn’t touch anything with a double-digit yield unless you really know what that catch is.
But without further ado, let’s look into the stocks that can realistically replace or double what you get from Social Security.
Realty Income (O) Fun fact: out of all the Dividend Aristocrat stocks out there, only five of them yield above 5%. And out of those five, only one pays monthly, and that’s Realty Income. That’s why this REIT stock is called The Monthly Dividend Company. It has been paying rising monthly dividends for decades, and I’d argue it’s safer than many mainstream dividend ETFs on its own.
But how come?
Realty Income looks scary if you went through 2008 and you automatically view all real estate investments as risky. In 2026, that’s no longer the case. These companies have learned a lot since then and have weathered the fast-paced interest rate hikes since 2022, and have kept gushing cash.
Realty Income in particular has some of the strongest characteristics because its tenants are mostly retail businesses that themselves are quite defensive. These tenants miss payments once in a blue moon, and occupancy remains high regardless of the broader economic environment. In 2008, Realty Income still had a 97% occupancy rate.
O stock yields over 5%, pays monthly, and I’d argue has 30%-plus upside within the next two years as interest rates eventually come down.
LTC Properties (LTC) Before you ask, yes, this is another REIT. If you are looking for monthly dividend stocks that yield high and are reliable, most of the options you will find are REITs. However, real estate companies aren’t a monolith, and it’s fine to have a good chunk of your dividend portfolio invested in them if you know what the underlying business is doing.
For LTC Properties, it is a business that invests in senior housing and healthcare properties. If you look at the long-term megatrends, it’s clear why it’s worth investing here because senior housing is heading into a critical shortage due to demographic issues, and the issues keep piling on.
Experts say there will be a shortage of 550,000 to over 600,000 units by 2030. I believe the coming decades are going to be very fruitful for this company as senior housing supply tightens and margins rise. And it should tighten much faster than most other real estate sectors, as not many people are paying attention to the impending nursing home crunch.
You get a 5.96% monthly dividend yield to get exposure to this under-the-radar sector.
Diversified Royalty (BEVFF) There are very few options outside of real estate that can give you a high monthly yield through just one dividend stock, that too reliably. BEVFF is among the strongest options right now, though the catch is that it is a smaller business. If you’re willing to dip your toes into a <$1 billion company in exchange for solid upside potential and monthly yields, I’d look into BEVFF stock.
This is a multi-royalty company that acquires “predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors”. In short, it invests in safer cash flow streams and then returns that cash back to you in the form of dividends, plus some capital gains.
And the business has a very good track record in the past decade.
It has taken some hits during downturns, but BEVFF has managed to climb back out every time. You get a 6.6% yield.
Of the $33 million in operating cash flow over the past 12 months, it put $28 million into dividends and $1 million into stock-based compensation. I’d expect the dividend growth rate to be ~5% annually going forward, which is in line with earnings growth expectations. It’s tight, but again, you’re unlikely to find a safer dividend stock with a higher monthly yield.
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties Inc. (NYSE: LTC) (“LTC” or the “Company”), announced today senior management will participate in Nareit’s REITWeek 2026 Investor Conference June 1-3 in New York City.
The Company’s presentation package will be available online in the Investor Relations section of www.ltcreit.com.
About LTC Properties
LTC is a real estate investment trust (REIT) focused on seniors housing and health care properties, principally investing through SHOP, triple-net leases, joint ventures, and structured finance solutions. The Company’s portfolio includes nearly 190 properties throughout the United States. Based on gross real estate investments, 66% of the Company’s assets are seniors housing communities with the remainder skilled nursing centers. Learn more at www.LTCreit.com.
Forward Looking Statements
This press release includes statements that are not purely historical and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company’s expectations, beliefs, intentions or strategies regarding the future. All statements other than historical facts contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties. Please see LTC’s most recent Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, and its other publicly available filings with the Securities and Exchange Commission for a discussion of these and other risks and uncertainties. All forward-looking statements included in this press release are based on information available to the Company on the date hereof, and LTC assumes no obligation to update such forward-looking statements. Although the Company’s management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The actual results achieved by the Company may differ materially from any forward-looking statements due to the risks and uncertainties of such statements.
Calgary, Alberta--(Newsfile Corp. - May 25, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to announce that the April Operational Update to Shareholders has been posted to the Company's website and can be accessed via the following link: April Operational Update FOR FURTHER INFORMATION ABOUT LOTUS CREEK PLEASE CONTACT: Kevin Johnson Mitchell Harris President & CEO VP Finance & CFO 403-538-8435 403-444-1465 Email: [email protected] Website: www.lotuscreek.ca To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298718
– Additional $285 Million in SHOP Acquisitions Expected to Close by End of Third Quarter as Company Continues to Drive Future NOI Growth –
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties, Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust that invests in seniors housing and health care properties, today announced a $54 million SHOP acquisition and the addition of MorningStar Senior Living, the eleventh SHOP operator and ninth new to LTC since launching SHOP in May 2025.
Acquisition Highlights
Property: $54 million acquisition of a 104-unit assisted living and memory care community in Phoenix, Arizona. Operator: The community will continue to be managed by MorningStar Senior Living, an operator new to LTC. Financial Summary: 6.75% cap rate; expected unlevered IRR in the low-to mid-teens. Funding: Revolving line of credit and future proceeds from previously disclosed sales and loan payoffs. Proforma SHOP Portfolio Composition:
LTC’s SHOP focus is on expanding its roster of strong operators to support mutual growth and accelerate the Company’s organic growth profile by acquiring SHOP assets. The following proforma data is as of March 31, 2026 and includes $63 million of acquisitions and $22 million of total sales and payoffs completed to date in the second quarter of 2026.
SHOP Acquisitions: $524 million since the Company’s SHOP launch in May 2025; $171 million year-to-date in 2026. SHOP as % of Annualized Net Operating Income (“NOI”): 28%; expected to grow to 40% by year-end at the $600 million midpoint of LTC’s acquisition guidance. SHOP as % of Gross Investment: 32% up from 0% at May 2025; expected to grow to 45% by year-end at the $600 million midpoint of LTC’s acquisition guidance. Average Age of SHOP Properties: under 10 years. SHOP Operators: Eleven, nine new to LTC since SHOP launched in May 2025. Skilled Nursing as % of Gross Investment: 31% down from 46% at year-end 2024. Accelerating Growth Continues
“This acquisition continues our momentum as we move closer to our $600 million midpoint investment guidance for 2026, and we are excited to add MorningStar Senior Living as one of our SHOP operators. Successful partnerships are built on deep relationships, which is the case here and for all of our operator partners. Since our platform launch, we have partnered with eleven SHOP operating partners, nine new to LTC,” said Michael Bowden, LTC’s Senior Vice President, Investments. “We continue to build our acquisition pipeline with a healthy volume of potential SHOP acquisitions, supporting our strategy to position LTC for higher intrinsic growth."
"Partnering with LTC marks an exciting new chapter for MorningStar Senior Living. We appreciate LTC’s strategic approach to SHOP and their reputation for building enduring operator relationships. With LTC's capital behind us, we are well-positioned to accelerate our growth and deliver exceptional lifestyle experiences for our residents," said Jamie Ranzen, President and Chief Investment Officer, MorningStar Senior Living.
About LTC
LTC is a real estate investment trust (REIT) focused on seniors housing and health care properties, principally investing through SHOP, as well as triple-net leases, and joint ventures. The Company’s portfolio includes nearly 190 properties throughout the United States. Based on gross real estate investments, approximately 68% of the Company’s assets are seniors housing communities with the remainder skilled nursing centers. Learn more at www.ltcreit.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, adopted pursuant to the Private Securities Litigation Reform Act of 1995. Statements that are not purely historical may be forward-looking. You can identify some of the forward-looking statements by their use of forward-looking words, such as “believes,” “expects,” “may,” “will,” “could,” “would,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates” or “anticipates,” or the negative of those words or similar words. Examples of forward-looking statements include statements regarding 2026 investment guidance, expected SHOP acquisitions, portfolio composition targets, SHOP and NOI growth expectations, unlevered IRR expectations, future funding sources, and other statements regarding future strategy. Forward-looking statements involve inherent risks and uncertainties regarding events, conditions and financial trends that may affect the Company’s future plans of operation, business strategy, results of operations and financial position. A number of important factors could cause actual results to differ materially from those included within or contemplated by such forward-looking statements, including, but not limited to, operational and legal risks and liabilities under the Company’s new SHOP segment; the Company’s dependence on the ability of its third-party independent operators to successfully manage and operate the Company’s SHOP communities; the Company’s dependence on its operators for revenue and cash flow; operational and legal risks and liabilities under the Company’s new SHOP segment; government regulation of the health care industry; changes in federal, state, or local laws limiting REIT investments in the health care sector; federal and state health care cost containment measures including reductions in reimbursement from third-party payors such as Medicare and Medicaid; required regulatory approvals for operation of health care facilities; a failure to comply with applicable law or regulations for the operation of health care facilities; the adequacy of insurance coverage maintained by the Company’s operators; the Company’s reliance on a few major operators; the Company’s ability to find suitable replacement operators for its SHOP communities; the Company’s ability to renew leases or enter into favorable terms of renewals or new leases; the impact of inflation; operator financial or legal difficulties; the sufficiency of collateral securing mortgage loans; an impairment of the Company’s real estate investments; the relative illiquidity of the Company’s real estate investments; the Company’s ability to develop and complete construction projects; the Company’s ability to invest cash proceeds for health care properties; a failure to qualify as a REIT; the Company’s ability to grow if access to capital is limited; and a failure to maintain or increase the Company’s dividend. For a discussion of these and other factors that could cause actual results to differ from those contemplated in the forward-looking statements, please see the discussion under “Risk Factors” contained in the Company’s Annual Report on Form 10‑K for the fiscal year ended December 31, 2025, the Company’s subsequent Quarterly Reports on Form 10‑Q, and the Company’s publicly available filings with the Securities and Exchange Commission. The Company does not undertake any responsibility to update or revise any of these factors or to announce publicly any revisions to forward-looking statements, whether as a result of new information, future events or otherwise. Although the Company’s management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The actual results achieved by the Company may differ materially from any forward-looking statements due to the risks and uncertainties of such statements.
LTC Expands SHOP Platform with $54 Million Acquisition and Welcomes MorningStar Senior Living to SHOP LTC Properties, Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust that invests in seniors housing and health care properties, today announced a $54 million SHOP acquisition and the addition of MorningStar Senior Living, the eleventh SHOP operator and ninth new to LTC since launching SHOP in May 2025.
Acquisition Highlights
Property: $54 million acquisition of a 104-unit assisted living and memory care community in Phoenix, Arizona. Operator: The community will continue to be managed by MorningStar Senior Living, an operator new to LTC. Financial Summary: 6.75% cap rate; expected unlevered IRR in the low-to mid-teens. Funding: Revolving line of credit and future proceeds from previously disclosed sales and loan payoffs. Proforma SHOP Portfolio Composition:
LTC’s SHOP focus is on expanding its roster of strong operators to support mutual growth and accelerate the Company’s organic growth profile by acquiring SHOP assets. The following proforma data is as of March 31, 2026 and includes $63 million of acquisitions and $22 million of total sales and payoffs completed to date in the second quarter of 2026.
SHOP Acquisitions: $524 million since the Company’s SHOP launch in May 2025; $171 million year-to-date in 2026. SHOP as % of Annualized Net Operating Income (“NOI”): 28%; expected to grow to 40% by year-end at the $600 million midpoint of LTC’s acquisition guidance. SHOP as % of Gross Investment: 32% up from 0% at May 2025; expected to grow to 45% by year-end at the $600 million midpoint of LTC’s acquisition guidance. Average Age of SHOP Properties: under 10 years. SHOP Operators: Eleven, nine new to LTC since SHOP launched in May 2025. Skilled Nursing as % of Gross Investment: 31% down from 46% at year-end 2024. Accelerating Growth Continues
“This acquisition continues our momentum as we move closer to our $600 million midpoint investment guidance for 2026, and we are excited to add MorningStar Senior Living as one of our SHOP operators. Successful partnerships are built on deep relationships, which is the case here and for all of our operator partners. Since our platform launch, we have partnered with eleven SHOP operating partners, nine new to LTC,” said Michael Bowden, LTC’s Senior Vice President, Investments. “We continue to build our acquisition pipeline with a healthy volume of potential SHOP acquisitions, supporting our strategy to position LTC for higher intrinsic growth."
"Partnering with LTC marks an exciting new chapter for MorningStar Senior Living. We appreciate LTC’s strategic approach to SHOP and their reputation for building enduring operator relationships. With LTC's capital behind us, we are well-positioned to accelerate our growth and deliver exceptional lifestyle experiences for our residents," said Jamie Ranzen, President and Chief Investment Officer, MorningStar Senior Living.
About LTC
LTC is a real estate investment trust (REIT) focused on seniors housing and health care properties, principally investing through SHOP, as well as triple-net leases, and joint ventures. The Company’s portfolio includes nearly 190 properties throughout the United States. Based on gross real estate investments, approximately 68% of the Company’s assets are seniors housing communities with the remainder skilled nursing centers. Learn more at www.ltcreit.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, adopted pursuant to the Private Securities Litigation Reform Act of 1995. Statements that are not purely historical may be forward-looking. You can identify some of the forward-looking statements by their use of forward-looking words, such as “believes,” “expects,” “may,” “will,” “could,” “would,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates” or “anticipates,” or the negative of those words or similar words. Examples of forward-looking statements include statements regarding 2026 investment guidance, expected SHOP acquisitions, portfolio composition targets, SHOP and NOI growth expectations, unlevered IRR expectations, future funding sources, and other statements regarding future strategy. Forward-looking statements involve inherent risks and uncertainties regarding events, conditions and financial trends that may affect the Company’s future plans of operation, business strategy, results of operations and financial position. A number of important factors could cause actual results to differ materially from those included within or contemplated by such forward-looking statements, including, but not limited to, operational and legal risks and liabilities under the Company’s new SHOP segment; the Company’s dependence on the ability of its third-party independent operators to successfully manage and operate the Company’s SHOP communities; the Company’s dependence on its operators for revenue and cash flow; operational and legal risks and liabilities under the Company’s new SHOP segment; government regulation of the health care industry; changes in federal, state, or local laws limiting REIT investments in the health care sector; federal and state health care cost containment measures including reductions in reimbursement from third-party payors such as Medicare and Medicaid; required regulatory approvals for operation of health care facilities; a failure to comply with applicable law or regulations for the operation of health care facilities; the adequacy of insurance coverage maintained by the Company’s operators; the Company’s reliance on a few major operators; the Company’s ability to find suitable replacement operators for its SHOP communities; the Company’s ability to renew leases or enter into favorable terms of renewals or new leases; the impact of inflation; operator financial or legal difficulties; the sufficiency of collateral securing mortgage loans; an impairment of the Company’s real estate investments; the relative illiquidity of the Company’s real estate investments; the Company’s ability to develop and complete construction projects; the Company’s ability to invest cash proceeds for health care properties; a failure to qualify as a REIT; the Company’s ability to grow if access to capital is limited; and a failure to maintain or increase the Company’s dividend. For a discussion of these and other factors that could cause actual results to differ from those contemplated in the forward-looking statements, please see the discussion under “Risk Factors” contained in the Company’s Annual Report on Form 10‑K for the fiscal year ended December 31, 2025, the Company’s subsequent Quarterly Reports on Form 10‑Q, and the Company’s publicly available filings with the Securities and Exchange Commission. The Company does not undertake any responsibility to update or revise any of these factors or to announce publicly any revisions to forward-looking statements, whether as a result of new information, future events or otherwise. Although the Company’s management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The actual results achieved by the Company may differ materially from any forward-looking statements due to the risks and uncertainties of such statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260602943691/en/
LTC Properties is upgraded to Buy thanks to a more attractive valuation and strong long-term SHOP transition potential. LTC targets $400–$800 million in SHOP acquisitions for 2026, aiming for 45% of investments and 40% of NOI from SHOP by year-end. The company maintains a solid balance sheet with 4.7x Debt/Adj. EBITDAre, no near-term maturities, and a sustainable 6.32% dividend yield.
A healthcare REIT specializing in senior housing and skilled nursing saw a notable insider make his fifth share purchase over the past 13 months.
David M. Boitano, Executive Vice President and Chief Investment Officer of LTC Properties (LTC +0.03%), reported the purchase of 10,000 shares in multiple open-market transactions on June 4, 2026, according to a SEC Form 4 filing. The executive spent $348,000 in the market to make his acquisition.
Transaction summaryMetricValueShares traded10,000Transaction value$348,000Post-transaction shares (direct)46,160Post-transaction value (direct ownership)~$1.61 millionTransaction value based on SEC Form 4 weighted average purchase price ($34.77); post-transaction value based on June 4, 2026 market close ($34.77).
Key questionsHow does this purchase compare to Boitano's historical transaction pattern?
Since May 2025, Boitano has made five purchases LTC shares, indicating a consistent approach to increasing his direct equity exposure at regular intervals.What proportion of Boitano's holdings does this transaction represent?
The 10,000-share addition increased his direct holdings by about 28%, bringing his position to 46,160 shares and reflecting a stepwise build in ownership.Did the transaction involve indirect holdings or derivative securities?
No; all shares were acquired directly, with no involvement of trusts, family entities, or options, and Boitano maintains no indirect or derivative holdings post-transaction.What is the context of this purchase relative to market performance?
LTC Properties’ shares have appreciated 6.3% over the past twelve months as of June 4, 2026, suggesting that Boitano’s purchase followed a period of moderate share price appreciation.Company overviewMetricValueRevenue (TTM)$309.37 millionNet income (TTM)$120.89 millionDividend yield6.76%1-year price change6.30%* 1-year performance calculated using June 4th, 2026 as the reference date.
Company snapshotOffers investments in senior housing and skilled nursing facilities, generating revenue primarily through rent and interest income from a diversified portfolio of 181 healthcare properties across 27 U.S. states.Operates as a healthcare-focused REIT, utilizing sale-leaseback transactions, mortgage loans, joint ventures, and structured finance to monetize and expand its real estate assets.Serves senior housing operators and skilled nursing facility providers, partnering with 29 operating companies to meet the needs of the aging U.S. population.LTC Properties, Inc. maintains an approximate equilibrium in its portfolio, with roughly 50% allocated to senior housing facilities and the remaining 50% to skilled nursing properties, utilizing varied investment methods including sale-leaseback transactions, mortgage financing, joint ventures, and structured finance arrangements.
LTC collaborates with 29 distinct operating partners and employs a variety of investment methods, including sale-leaseback transactions and joint ventures, across its 181 investments in 27 U.S. states.
What this transaction means for investorsThere are multiple reasons an executive would sell shares in his or her company. They include having to raise money for taxes, other unrelated personal expenses, or possible bearishness in his company’s prospects.
There is only one reason an insider buys stock: they believe the shares will go up.
Boitano joined LTC as chief investment officer and executive vice president in April 2025. Since joining the company, he has periodically purchased shares to build his current 46,160-share position, worth roughly $1.7 million at current prices.
Before he joined LTC, Boitano had spent most of his career at Ventas, Inc. (VTR +0.85%), another senior housing firm. The commitment of personal capital by an executive deeply familiar with the industry signals strong confidence in the future of LTC.
Although LTC shares are up a modest 10% or so since Boitano joined, as a key figure in the company’s SHOP strategy to dramatically expand its presence in senior housing, the latest purchase should be taken as a bullish sign by investors.
