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More on LTC Q2: Revenue declines on lower rental income, defaulted lease

Aug. 08, 2018 6:01 PM ETLTC Properties, Inc. (LTC) StockBy: Liz Kiesche, SA News Editor
  • LTC Properties (NYSE:LTC) Q2 FFO per share of 75 cents a share matches consensus and compares with 79 cents in the year-ago quarter.
  • Total revenue fell 2.3% to $41.5M from $42.5M Y/Y and missed the average analyst estimate by $0.4M.
  • The revenue decline was due primarily to a previously disclosed defaulted master lease placed on a cash basis in Q3 2017 and a reduction in rental income related to properties sold during the past year.
  • LTC +0.09% in after-hours trading.
  • Source: Press Release
  • Previously: LTC Properties FFO in-line, misses on revenue (Aug. 8)

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