LTC at a glance
LTC PROPERTIES INC (LTC, SEC CIK 887905) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on September 25, 2026 and Form 4 insider filings as recently as August 13, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), LTC PROPERTIES INC (LTC) reported revenue of $262.9 million (up 25.3% from FY2024) and net income of $118.0 million. Diluted EPS was $2.52.
- As of June 30, 2026, 31 institutional investment managers tracked by SignalX reported holding LTC PROPERTIES INC (LTC) shares worth $1.0 billion in 13F-HR filings.
- The most recent insider open-market purchase reported on Form 4 was by Gruber David L on August 12, 2026 of 500 shares at $38.30 per share.
- In the last 90 days, LTC insiders reported 2 open-market purchases ($153K) and 1 open-market sale ($124K) on Form 4, a net purchase of $30K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $262.9M
- +25.3% vs prior year
- Insiders · 90 days
- 2 buys · 1 sell
- Net +$30K
- 13F holders
- 31 funds
- $1.0B · +1 vs prior quarter
- Latest 8-K
- Sep 25, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: REIT investing primarily in seniors housing and health care properties via ownership, sale-leasebacks, mortgage and structured finance
- New investment structure initiated Q2 2025 using RIDEA authorized by 2007 Act, expected continued use in 2026
- Strategic focus on single properties and small portfolios sourced via regional operator relationships to avoid competitive overpricing of large portfolios
- $781.5M invested in seniors housing and health care properties and $252.2M in dispositions over last three years
- Emphasis on portfolio diversification by geography and operator with investments in newer properties with strong cash flow
Risk Factors
- Regulatory risk: compliance under REIT Investment Diversification and Empowerment Act of 2007 (RIDEA) impacts liabilities and income of SHOP segment
- Macroeconomic threat: inflation increasing costs for SHOP operators could reduce net income and impair rent and interest payments
- Operational vulnerability: dependence on three major operators for 25.3% of 2025 lease and interest revenue
- Competitive risk: potential shift away from seniors housing to at-home care services reducing occupancy and property values
- Financial risk: inability to renew leases or find replacement operators risks lower rent revenue and increased capital expenditures
Management Discussion & Analysis
- Total revenue $234.6M, flat YoY; triple-net portfolio $93.9M (40.0%), SHOP segment $72.1M (30.7%)
- Operating margin not explicitly stated; SHOP comprises 23.6% of investments but 30.7% of revenues, indicating higher yield
- Best performing segment: Triple-net portfolio $93.9M revenue on $1.045B investments (40.0% revenue share)
- Worst performing segment: Other properties $1.2M revenue on $12.0M investments (0.5% both revenue and investment)
- No explicit cash flow, buybacks, dividends or capex disclosed; investments funded by cash, revolving credit, and financing transactions
- Management cautious, emphasizing liquidity and patience with capital deployment; RIDEA structure and SHOP segment expansion key strategic focus
AI summary of the LTC 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly revenue and YoY change not stated in provided text
- SHOP revenue $56.1M; NOI $13.9M; 24.8% NOI margin
- Real Estate Investments revenue $42.7M; NOI $40.6M; 95.1% NOI margin
- Six-month acquisitions $171.5M; SHOP capital improvements $5.3M
- Near-term headwinds: operator risks, inflation, reimbursement changes, capital-market costs and interest rates
Risk Factors
- No material changes to previously disclosed risk factors from the December 31, 2025 Form 10-K
- No newly added risk factor identified for the quarter
- No materially updated regulatory, legal, compliance, operational, competitive, market, or financial risk disclosed in this section
AI summary of the LTC 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item EX-99.1: Item EX-99.1
- Pam Kessler and Clint Malin elected to Board effective September 22, 2026
- Board expanded from six to eight directors, including five independent members
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Board expanded from six to eight directors on September 22, 2026
- Co-CEOs Pamela J. Shelley-Kessler and Clint B. Malin appointed as directors
Item 1.01: Entry into a Material Definitive Agreement
- Termination of original at-the-market equity program
- Approximately $90 million of unsold common-stock capacity remained
Item 1.02: Termination of a Material Definitive Agreement
- LTC terminated its November 13, 2024 equity distribution agreement with 10 broker-dealers
- Termination coincided with entering a replacement agreement on August 6, 2026
Item EX-99.1: Item EX-99.1
- Equity distribution framework enables LTC to raise capital through issuer share forward transactions under the August 6, 2026 agreement
- Dealer initially funds shares at a forward price based on volume-weighted hedge sales, less the forward hedge selling commission
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 operating results announced for quarter ended June 30, 2026
- Press release and supplemental package furnished as Exhibits 99.1 and 99.2
Item EX-99.1: Item EX-99.1
- Q2 revenue $98.9M and net income $29.5M, up from $60.2M and $14.9M, reflecting SHOP expansion
- Core FFO/share held at $0.68 while Core FAD/share declined to $0.70 from $0.71
AI summaries of LTC 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for LTC
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Gruber David L | Buy | Aug 12, 2026 | 500 | $38.30 |
| Gruber David L | Buy | Aug 11, 2026 | 3,500 | $38.30 |
| TRICHE TIMOTHY | Sell | Jul 13, 2026 | 3,125 | $39.54 |
| BOITANO DAVID M | Buy | Jun 4, 2026 | 5,000 | $34.85 |
| BOITANO DAVID M | Buy | Jun 4, 2026 | 5,000 | $34.69 |
| Gruber David L | Buy | May 21, 2026 | 4,000 | $38.41 |
| Gruber David L | A | May 20, 2026 | 3,077 | $39.00 |
| Preber Bradley J | A | May 20, 2026 | 3,077 | $39.00 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $197.2M | $209.8M | $262.9M |
| Operating Income | $90.0M | $92.4M | $204.7M |
| Net Income | - | $91.0M | $118.0M |
| Op. Margin | 45.6% | 44.0% | 77.9% |
| Net Margin | - | 43.4% | 44.9% |
| Balance Sheet | |||
| Total Assets | $1.9B | $1.8B | $2.1B |
| Equity | $881.3M | $960.6M | $1.1B |
| ROE | - | 9.5% | 11.0% |
| Per Share | |||
| EPS | $2.16 | $2.04 | $2.52 |
| Cash Flow | |||
| Operating CF | $104.4M | $125.2M | $136.0M |
Source: XBRL data in LTC PROPERTIES INC (LTC)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate LTC share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 31 | $1.01B |
| Q1 2026 | 30 | $903.8M |
| Q4 2025 | 27 | $828.4M |
| Q3 2025 | 29 | $876.1M |
| Q2 2025 | 29 | $814.2M |
| Q1 2025 | 26 | $535.6M |
| Q4 2024 | 23 | $488.3M |
| Q3 2024 | 20 | $260.8M |
- BlackRock+697.5K (+8%)
- Vanguard Portfolio Management LLC+290.2K (+6%)
- State Street Corp+203.5K (+6%)
- Vanguard Capital Management LLC+190.3K (+9%)
- Goldman Sachs Group+132.5K (+61%)
- Citadel Advisors LLC−78.7K (-57%)
- Two Sigma Investments−52.3K (-4%)
- Millennium Management−6.8K (-4%)
- Invesco Ltd−1.0K (-0%)
- AQR Capital Management−232 (-0%)
- D.E. Shaw & Co+12.7K
Source: 13F-HR filings on SEC EDGAR (aggregated from 215 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
LTC filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 25, 2026 | - | Analysis | - |
| 4 | Aug 13, 2026 | - | - | - |
| 8-K | Aug 6, 2026 | - | Analysis | - |
| 10-Q | Aug 5, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 4 | Jul 14, 2026 | - | - | - |
| 8-K | Jun 30, 2026 | - | Analysis | - |
| 4 | Jun 4, 2026 | - | - | |
| 8-K | May 27, 2026 | - | Analysis | |
| 4 | May 22, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 10-Q | May 6, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 6, 2026 | - | Analysis | |
| SC 13G | Apr 30, 2026 | - | - | |
| 4 | Mar 10, 2026 | - | - | - |
| 4 | Mar 10, 2026 | - | - | - |
| 4 | Mar 10, 2026 | - | - | - |
| 4 | Mar 10, 2026 | - | - | - |
| 4 | Mar 6, 2026 | - | - | - |
| 4 | Feb 25, 2026 | - | - | - |
| 4 | Feb 25, 2026 | - | - | - |
| 10-K | Feb 24, 2026 | Dec 31, 2025 | Analysis |
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LTC SEC filings: frequently asked questions
Are LTC insiders buying or selling?
In the last 90 days, LTC PROPERTIES INC (LTC) officers, directors and 10% owners reported 2 open-market purchases worth $153,200 by 1 insider and 1 open-market sale worth $123,563 by 1 insider on Form 4, a net purchase of $29,638. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold LTC stock?
As of June 30, 2026, the largest LTC PROPERTIES INC (LTC) holders among the 13F filers tracked by SignalX were BlackRock ($345.9 million), Vanguard Portfolio Management LLC ($199.1 million), State Street Corp ($128.8 million), Vanguard Capital Management LLC ($88.4 million), Two Sigma Investments ($46.2 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was LTC's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), LTC PROPERTIES INC (LTC) reported revenue of $262.9 million (up 25.3% from FY2024) and net income of $118.0 million. Diluted EPS was $2.52. The figures come from the XBRL data in the 10-K.
What are the main risks in LTC's latest 10-K?
In the 10-K filed February 24, 2026, LTC PROPERTIES INC (LTC) flagged: Regulatory risk: compliance under REIT Investment Diversification and Empowerment Act of 2007 (RIDEA) impacts liabilities and income of SHOP segment. Macroeconomic threat: inflation increasing costs for SHOP operators could reduce net income and impair rent and interest payments. (AI summary of the Risk Factors section.)
What did LTC report in its latest 8-K?
LTC PROPERTIES INC (LTC) filed an 8-K on September 25, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). Pam Kessler and Clint Malin elected to Board effective September 22, 2026.
What are the latest LTC SEC filings?
LTC PROPERTIES INC (LTC) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on September 25, 2026 and a Form 4 insider filing on August 13, 2026.
What is LTC's SEC CIK number?
LTC PROPERTIES INC (LTC)'s SEC Central Index Key (CIK) is 887905. EDGAR lists every LTC filing under that number.
Ask anything about LTC
The research agent reads LTC's filings, financials, insider trades and 13F holders, then answers with sources.