October 26, 1993
LTC Properties Inc., an Oxnard-based real estate investment trust that invests in nursing homes, reported a profit of $1.89 million for the third quarter on revenue of $4.03 million. The trust had no comparable prior-year results because it began operations in late August when it also completed its initial public stock offering. Last year from Aug. 25 to Sept. 30, LTC had a profit of $69,000 on revenue of $1.07 million. For the latest nine months ended Sept. 30, LTC's profit totaled $4.
April 26, 1994
LTC Properties Inc., an Oxnard real estate investment trust, said its first-quarter profit more than doubled to $2.45 million from $1.12 million the same quarter a year earlier. The profit surge was on a revenue of $5.56 million, up 65% from $3.37 million a year earlier. LTC attributed the results from the quarter that ended March 31 to $127 million in new loans and purchases of nursing-home properties completed during the past year.
July 25, 1995
LTC Properties Inc., an Oxnard real estate investment trust, said its profit in the second quarter that ended June 30 was $5.2 million, up 37% from $3.8 million a year earlier. The gain was on revenues of $8.56 million, up 36% from $6.3 million last year. For the six months that ended June 30, LTC's profit was $9.9 million, up 57% from $6.3 million in the same period a year ago. Revenues for the six months were $16.1 million, up 35% from $11.9 million.
January 25, 1994
LTC Properties Inc., an Oxnard real estate investment trust that invests in health care facilities, reported sharp increases in earnings and revenue in the fourth quarter and for last year. In the latest three months, LTC earned $1.95 million, nearly triple the $694,000 it earned a year earlier. Its revenue jumped to $4.32 million from $2.94 million. For the year, the company had a profit of $6.85 million, an eightfold increase over the $763,000 in net income a year earlier.
January 24, 1995
LTC Properties Inc., an Oxnard-based real estate investment trust that invests in nursing homes and other health care facilities, reported strong income gains for the fourth quarter and year ended Dec. 31. The company posted earnings of $15.3 million for 1994, more than double the $6.85-million profit reported in 1993. Revenues for the year jumped to $27.6 million, up 74% from $15.8 million for 1993. For the fourth quarter, the company posted a net income of $4.48 million, compared to $1.
October 19, 1993 |
LTC Properties Inc., an Oxnard-based real estate investment trust(REIT), has closed $7.9 million in new mortgage loans and has commitments to invest another $22 million or more in the next six weeks, the company reports. Since its founding in August, 1992, LTC has invested about $120 million in its specialty, the long-term skilled nursing home industry, said Andre C. Dimitriadis, chairman and chief executive.