LTC Properties Inc
LTC Properties, Inc. 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 64% of the Company's assets are seniors housing communiti… Read more
LTC Properties Inc (LTC) - Net Assets
Latest net assets as of September 2025: $1.05 Billion USD
Based on the latest financial reports, LTC Properties Inc (LTC) has net assets worth $1.05 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.04 Billion) and total liabilities ($999.17 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.05 Billion |
| % of Total Assets | 51.13% |
| Annual Growth Rate | 8.83% |
| 5-Year Change | 35.73% |
| 10-Year Change | 59.74% |
| Growth Volatility | 25.75 |
LTC Properties Inc - Net Assets Trend (1992–2024)
This chart illustrates how LTC Properties Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for LTC Properties Inc (1992–2024)
The table below shows the annual net assets of LTC Properties Inc from 1992 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.05 Billion | +14.92% |
| 2023-12-31 | $916.27 Million | +7.76% |
| 2022-12-31 | $850.31 Million | +14.12% |
| 2021-12-31 | $745.13 Million | -3.95% |
| 2020-12-31 | $775.81 Million | -1.22% |
| 2019-12-31 | $785.43 Million | -5.71% |
| 2018-12-31 | $832.97 Million | +9.80% |
| 2017-12-31 | $758.65 Million | +2.51% |
| 2016-12-31 | $740.05 Million | +12.26% |
| 2015-12-31 | $659.20 Million | -0.14% |
| 2014-12-31 | $660.12 Million | +4.38% |
| 2013-12-31 | $632.44 Million | +36.56% |
| 2012-12-31 | $463.11 Million | -1.20% |
| 2011-12-31 | $468.71 Million | +2.45% |
| 2010-12-31 | $457.52 Million | +0.71% |
| 2009-12-31 | $454.31 Million | -1.45% |
| 2008-12-31 | $461.01 Million | -4.49% |
| 2007-12-31 | $482.67 Million | -4.22% |
| 2006-12-31 | $503.95 Million | +7.63% |
| 2005-12-31 | $468.22 Million | +6.43% |
| 2004-12-31 | $439.91 Million | +15.11% |
| 2003-12-31 | $382.18 Million | +5.92% |
| 2002-12-31 | $360.81 Million | +1.99% |
| 2001-12-31 | $353.78 Million | -12.44% |
| 2000-12-31 | $404.04 Million | -3.46% |
| 1999-12-31 | $418.51 Million | -7.39% |
| 1998-12-31 | $451.91 Million | +13.75% |
| 1997-12-31 | $397.29 Million | +103.80% |
| 1996-12-31 | $194.94 Million | +13.54% |
| 1995-12-31 | $171.70 Million | -0.87% |
| 1994-12-31 | $173.20 Million | +103.53% |
| 1993-12-31 | $85.10 Million | +21.05% |
| 1992-12-31 | $70.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to LTC Properties Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 12640700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $455.00K | 0.05% |
| Other Comprehensive Income | $3.81 Million | 0.40% |
| Other Components | $1.08 Billion | 112.71% |
| Total Equity | $960.63 Million | 100.00% |
LTC Properties Inc Competitors by Market Cap
The table below lists competitors of LTC Properties Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Veeco Instruments Inc
NASDAQ:VECO
|
$1.81 Billion |
|
Hammerson plc
PINK:HMSNF
|
$1.81 Billion |
|
Vera Therapeutics Inc
NASDAQ:VERA
|
$1.81 Billion |
|
Shanghai V-Test Semiconductor Tech Co. Ltd. A
SHG:688372
|
$1.81 Billion |
|
Metallurgical Corporation of China Ltd
F:6MT
|
$1.81 Billion |
|
Anxin Trust Co Ltd
SHG:600816
|
$1.81 Billion |
|
H&R Real Estate Investment Trust
PINK:HRUFF
|
$1.81 Billion |
|
Boardwalk Real Estate Investment Trust
PINK:BOWFF
|
$1.81 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LTC Properties Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 881,279,000 to 960,627,000, a change of 79,348,000 (9.0%).
- Net income of 91,040,000 contributed positively to equity growth.
- Dividend payments of 100,530,000 reduced retained earnings.
- Share repurchases of 82,404,000 reduced equity.
- New share issuances of 82,404,000 increased equity.
- Other comprehensive income decreased equity by 2,295,000.
- Other factors increased equity by 91,133,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $91.04 Million | +9.48% |
| Dividends Paid | $100.53 Million | -10.47% |
| Share Repurchases | $82.40 Million | -8.58% |
| Share Issuances | $82.40 Million | +8.58% |
| Other Comprehensive Income | $-2.29 Million | -0.24% |
| Other Changes | $91.13 Million | +9.49% |
| Total Change | $- | 9.00% |
Book Value vs Market Value Analysis
This analysis compares LTC Properties Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.79x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.41x to 1.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-12-31 | $8.79 | $38.77 | x |
| 1993-12-31 | $9.39 | $38.77 | x |
| 1994-12-31 | $12.57 | $38.77 | x |
| 1995-12-31 | $8.62 | $38.77 | x |
| 1996-12-31 | $9.58 | $38.77 | x |
| 1997-12-31 | $16.26 | $38.77 | x |
| 1998-12-31 | $16.28 | $38.77 | x |
| 1999-12-31 | $14.89 | $38.77 | x |
| 2000-12-31 | $15.00 | $38.77 | x |
| 2001-12-31 | $13.55 | $38.77 | x |
| 2002-12-31 | $18.86 | $38.77 | x |
| 2003-12-31 | $20.48 | $38.77 | x |
| 2004-12-31 | $22.39 | $38.77 | x |
| 2005-12-31 | $20.50 | $38.77 | x |
| 2006-12-31 | $20.38 | $38.77 | x |
| 2007-12-31 | $20.32 | $38.77 | x |
| 2008-12-31 | $19.93 | $38.77 | x |
| 2009-12-31 | $19.51 | $38.77 | x |
| 2010-12-31 | $18.54 | $38.77 | x |
| 2011-12-31 | $15.97 | $38.77 | x |
| 2012-12-31 | $15.29 | $38.77 | x |
| 2013-12-31 | $19.08 | $38.77 | x |
| 2014-12-31 | $18.02 | $38.77 | x |
| 2015-12-31 | $17.66 | $38.77 | x |
| 2016-12-31 | $19.17 | $38.77 | x |
| 2017-12-31 | $19.05 | $38.77 | x |
| 2018-12-31 | $20.72 | $38.77 | x |
| 2019-12-31 | $19.54 | $38.77 | x |
| 2020-12-31 | $19.54 | $38.77 | x |
| 2021-12-31 | $18.81 | $38.77 | x |
| 2022-12-31 | $20.67 | $38.77 | x |
| 2023-12-31 | $21.31 | $38.77 | x |
| 2024-12-31 | $21.71 | $38.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LTC Properties Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.48%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 43.38%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.86x
- Recent ROE (9.48%) is below the historical average (9.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 1.14% | 19.51% | 0.03x | 2.11x | $-6.23 Million |
| 1993 | 7.99% | 43.04% | 0.10x | 1.81x | $-1.71 Million |
| 1994 | 8.83% | 55.43% | 0.12x | 1.38x | $-2.02 Million |
| 1995 | 11.72% | 56.34% | 0.10x | 2.09x | $2.94 Million |
| 1996 | 12.22% | 41.03% | 0.11x | 2.68x | $4.10 Million |
| 1997 | 9.26% | 48.70% | 0.11x | 1.70x | $-2.85 Million |
| 1998 | 11.46% | 58.74% | 0.12x | 1.56x | $6.45 Million |
| 1999 | 7.79% | 38.38% | 0.11x | 1.77x | $-9.03 Million |
| 2000 | 8.03% | 39.04% | 0.12x | 1.72x | $-7.78 Million |
| 2001 | -0.85% | -4.53% | 0.10x | 1.91x | $-36.95 Million |
| 2002 | 0.49% | 2.73% | 0.11x | 1.73x | $-33.02 Million |
| 2003 | 6.26% | 39.23% | 0.10x | 1.56x | $-13.80 Million |
| 2004 | 7.42% | 52.04% | 0.11x | 1.26x | $-11.26 Million |
| 2005 | 11.34% | 72.79% | 0.12x | 1.26x | $6.24 Million |
| 2006 | 15.74% | 107.69% | 0.13x | 1.13x | $28.74 Million |
| 2007 | 9.97% | 63.85% | 0.14x | 1.14x | $-160.60K |
| 2008 | 9.39% | 62.43% | 0.14x | 1.11x | $-2.81 Million |
| 2009 | 9.74% | 63.51% | 0.14x | 1.08x | $-1.17 Million |
| 2010 | 10.07% | 61.72% | 0.13x | 1.23x | $306.00K |
| 2011 | 10.55% | 58.90% | 0.13x | 1.39x | $2.58 Million |
| 2012 | 11.08% | 55.46% | 0.12x | 1.71x | $4.98 Million |
| 2013 | 9.14% | 55.08% | 0.11x | 1.47x | $-5.43 Million |
| 2014 | 11.12% | 61.70% | 0.12x | 1.46x | $7.39 Million |
| 2015 | 11.09% | 53.66% | 0.11x | 1.93x | $7.16 Million |
| 2016 | 11.50% | 52.68% | 0.12x | 1.88x | $11.11 Million |
| 2017 | 11.57% | 51.97% | 0.11x | 1.94x | $11.82 Million |
| 2018 | 18.77% | 91.90% | 0.11x | 1.83x | $72.43 Million |
| 2019 | 10.36% | 43.46% | 0.12x | 1.95x | $2.83 Million |
| 2020 | 12.42% | 59.81% | 0.11x | 1.90x | $18.55 Million |
| 2021 | 7.58% | 35.96% | 0.10x | 2.04x | $-17.81 Million |
| 2022 | 12.07% | 57.11% | 0.11x | 2.00x | $17.19 Million |
| 2023 | 10.18% | 45.49% | 0.11x | 2.11x | $1.61 Million |
| 2024 | 9.48% | 43.38% | 0.12x | 1.86x | $-5.02 Million |
Industry Comparison
This section compares LTC Properties Inc's net assets metrics with peer companies in the REIT - Healthcare Facilities industry.
Industry Context
- Industry: REIT - Healthcare Facilities
- Average net assets among peers: $880,398,200
- Average return on equity (ROE) among peers: 2.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LTC Properties Inc (LTC) | $1.05 Billion | 1.14% | 0.96x | $1.81 Billion |
| Aedifica SA (AEDFF) | $193.91 Million | 7.53% | 0.90x | $2.97 Billion |
| American Healthcare REIT, Inc. (AHR) | $1.65 Billion | -4.93% | 1.90x | $9.31 Billion |
| Assura Plc (ARSSF) | $117.93 Million | -10.60% | 0.39x | $161.63 Million |
| Cofinimmo SA/NV (CFMOF) | $2.65 Billion | 4.50% | 0.98x | $2.38 Billion |
| Community Healthcare Trust Inc (CHCT) | $496.81 Million | 4.43% | 0.76x | $419.21 Million |
| CareTrust REIT Inc. (CTRE) | $1.42 Billion | 3.79% | 0.47x | $8.79 Billion |
| Chartwell Retirement Residences (CWSRF) | $509.23 Million | 4.69% | 4.57x | $3.84 Billion |
| Healthpeak Properties Inc (DOC) | $264.20 Million | 5.22% | 0.63x | $11.75 Billion |
| Global Medical REIT Inc. (GMRE) | $460.35 Million | 2.01% | 0.92x | $440.68 Million |
| Healthcare Realty Trust Incorporated (HR) | $1.04 Billion | 8.24% | 0.54x | $6.10 Billion |