LTC Properties Inc (LTC) - Net Assets
Based on the latest financial reports, LTC Properties Inc (LTC) has net assets worth $1.18 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.10 Billion) and total liabilities ($919.35 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. Check tangible equity quality of LTC Properties Inc to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.18 Billion |
| % of Total Assets | 56.27% |
| Annual Growth Rate | 8.87% |
| 5-Year Change | 56.0% |
| 10-Year Change | 57.07% |
| Growth Volatility | 25.36 |
LTC Properties Inc - Net Assets Trend (1992–2025)
This chart illustrates how LTC Properties Inc's net assets have evolved over time, based on quarterly financial data. See LTC defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for LTC Properties Inc (1992–2025)
The table below shows the annual net assets of LTC Properties Inc from 1992 to 2025. For live valuation and market cap data, see LTC Properties Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.16 Billion | +10.39% |
| 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 11582900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $485.00K | 0.05% |
| Other Comprehensive Income | $482.00K | 0.04% |
| Other Components | $1.19 Billion | 110.68% |
| Total Equity | $1.07 Billion | 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 |
|---|---|
|
Imax Corp
NYSE:IMAX
|
$1.86 Billion |
|
Taiwan Surface Mounting Technology Corp
TW:6278
|
$1.86 Billion |
|
Proto Labs Inc
NYSE:PRLB
|
$1.86 Billion |
|
Harmony Biosciences Holdings
NASDAQ:HRMY
|
$1.86 Billion |
|
China Railway Group Limited
F:CNO
|
$1.86 Billion |
|
AUTOHOME INC. A DL -01
F:8AHA
|
$1.86 Billion |
|
TKH Group NV
AS:TWEKA
|
$1.86 Billion |
|
Ziraat Gayrimenkul Yatirim Ortakligi AS
IS:ZRGYO
|
$1.86 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 2024 to 2025, total equity changed from 960,627,000 to 1,074,984,000, a change of 114,357,000 (11.9%).
- Net income of 117,972,000 contributed positively to equity growth.
- Dividend payments of 107,394,000 reduced retained earnings.
- Share repurchases of 5,209,000 reduced equity.
- New share issuances of 100,555,000 increased equity.
- Other comprehensive income decreased equity by 3,333,000.
- Other factors increased equity by 11,766,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $117.97 Million | +10.97% |
| Dividends Paid | $107.39 Million | -9.99% |
| Share Repurchases | $5.21 Million | -0.48% |
| Share Issuances | $100.56 Million | +9.35% |
| Other Comprehensive Income | $-3.33 Million | -0.31% |
| Other Changes | $11.77 Million | +1.09% |
| Total Change | $- | 11.90% |
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: 1.58x
- 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 4.14x to 1.58x 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 | $36.37 | x |
| 1993-12-31 | $9.39 | $36.37 | x |
| 1994-12-31 | $12.57 | $36.37 | x |
| 1995-12-31 | $8.62 | $36.37 | x |
| 1996-12-31 | $10.12 | $36.37 | x |
| 1997-12-31 | $16.26 | $36.37 | x |
| 1998-12-31 | $16.28 | $36.37 | x |
| 1999-12-31 | $14.89 | $36.37 | x |
| 2000-12-31 | $15.00 | $36.37 | x |
| 2001-12-31 | $13.55 | $36.37 | x |
| 2002-12-31 | $18.86 | $36.37 | x |
| 2003-12-31 | $20.48 | $36.37 | x |
| 2004-12-31 | $22.39 | $36.37 | x |
| 2005-12-31 | $20.50 | $36.37 | x |
| 2006-12-31 | $20.38 | $36.37 | x |
| 2007-12-31 | $20.32 | $36.37 | x |
| 2008-12-31 | $19.93 | $36.37 | x |
| 2009-12-31 | $19.51 | $36.37 | x |
| 2010-12-31 | $18.54 | $36.37 | x |
| 2011-12-31 | $16.04 | $36.37 | x |
| 2012-12-31 | $15.30 | $36.37 | x |
| 2013-12-31 | $19.08 | $36.37 | x |
| 2014-12-31 | $18.02 | $36.37 | x |
| 2015-12-31 | $17.66 | $36.37 | x |
| 2016-12-31 | $19.17 | $36.37 | x |
| 2017-12-31 | $19.14 | $36.37 | x |
| 2018-12-31 | $20.91 | $36.37 | x |
| 2019-12-31 | $19.75 | $36.37 | x |
| 2020-12-31 | $19.76 | $36.37 | x |
| 2021-12-31 | $19.03 | $36.37 | x |
| 2022-12-31 | $20.67 | $36.37 | x |
| 2023-12-31 | $21.31 | $36.37 | x |
| 2024-12-31 | $21.71 | $36.37 | x |
| 2025-12-31 | $23.09 | $36.37 | 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): 10.97%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 44.88%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.92x
- Recent ROE (10.97%) is above the historical average (9.55%), indicating improving 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 | 11.56% | 41.03% | 0.11x | 2.53x | $3.04 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 | 10.51% | 58.90% | 0.13x | 1.38x | $2.38 Million |
| 2012 | 11.08% | 55.46% | 0.12x | 1.70x | $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 | 11.51% | 51.97% | 0.11x | 1.93x | $11.48 Million |
| 2018 | 18.61% | 91.90% | 0.11x | 1.82x | $71.68 Million |
| 2019 | 10.25% | 43.46% | 0.12x | 1.93x | $1.98 Million |
| 2020 | 12.28% | 59.81% | 0.11x | 1.88x | $17.71 Million |
| 2021 | 7.50% | 35.96% | 0.10x | 2.02x | $-18.65 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 |
| 2025 | 10.97% | 44.88% | 0.13x | 1.92x | $10.47 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: $1,825,394,060
- Average return on equity (ROE) among peers: 4.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LTC Properties Inc (LTC) | $1.18 Billion | 1.14% | 0.78x | $1.86 Billion |
| American Healthcare REIT, Inc. (AHR) | $3.36 Billion | 2.08% | 0.61x | $8.93 Billion |
| Community Healthcare Trust Inc (CHCT) | $194.01 Million | 1.40% | 0.30x | $496.86 Million |
| CareTrust REIT Inc. (CTRE) | $262.29 Million | 3.83% | 1.57x | $8.76 Billion |
| Diversified Healthcare Trust (DHC) | $1.25 Billion | 6.83% | 0.36x | $1.59 Billion |
| Healthpeak Properties Inc (DOC) | $8.30 Billion | 0.86% | 1.45x | $13.49 Billion |
| Global Medical REIT Inc. (GMRE) | $-15.90K | 0.00% | 0.00x | $479.58 Million |
| Healthcare Realty Trust Incorporated (HR) | $1.72 Billion | 12.43% | 0.86x | $6.86 Billion |
| Medical Properties Trust, Inc. (MPT) | $671.57 Million | 5.41% | 0.95x | $2.71 Billion |
| Medical Properties Trust Inc (MPW) | $671.57 Million | 5.41% | 0.95x | $2.78 Billion |
About 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