- 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)