LTC Properties (LTC) FY2024 results: revenue $210 million, up 6.4% on the year
LTC Properties Inc. (LTC) reported revenue of $210 million for fiscal 2024, the year ended 31 December 2024, up 6.4% on the year before. Net income was $91 million, up 1.5%, and diluted earnings per share $2.04. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2025.
Revenue
$210 million
+6.4% on the year
FY2017FY2024
Operating margin
95.0%
94.0% a year earlier
FY2017FY2024
Net income
$91 million
+1.5% on the year
FY2017FY2024
Diluted EPS
$2.04
-5.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
126
104
106
+20.6%
Capital expenditure
13.7
9.7
9.0
+41.2%
Free cash flow
112
94.7
96.6
+18.5%
Free cash flow margin
53.5%
48.0%
55.1%
Cash from investing
90.7
-175
-120
Cash from financing
-227
80.4
19.6
Depreciation and amortisation
36.4
37.4
37.5
-2.8%
Share-based compensation
9.1
8.5
8.0
+6.7%
Dividends paid
101
94.8
91.5
+6.1%
Dividend per share
$2.28
$2.28
$2.28
0.0%
Diluted shares, weighted
44m
41m
40m
+7.0%
Shares outstanding at period end
46m
43m
41m
+5.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
961
881
828
+9.0%
Non-controlling interest
92.4
35.0
21.9
+164.0%
Debt
685
891
768
-23.2%
Other liabilities
48.5
47.5
37.9
+2.2%
Total liabilities and equity
1,786
1,855
1,656
-3.7%
Intangible assets
7.2
13.1
n/a
-45.1%
Loans
47.2
60.5
n/a
-21.9%
Cash and equivalents
9.4
20.3
10.4
-53.6%
Other assets
1,722
1,761
1,646
-2.2%
Total assets
1,786
1,855
1,656
-3.7%
10-K for the year ended 31 December 2024, filed 24 February 2025: the filing.