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Ltc Properties Inc

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BUSINESS
August 29, 1995 | Jack Searles
LTC Properties Inc., an Oxnard-based real estate investment trust, has declared a third-quarter cash dividend of 31.5 cents a share, an increase above the 29 cents paid in the previous quarter. The dividend will be paid Oct. 13 to stockholders of record on Sept. 30. LTC invests in long-term nursing homes and other health care-related facilities.
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BUSINESS
August 22, 2000 | Bloomberg News
LTC Properties Inc.'s shares fell 27% amid concern the health-care property real estate investment trust won't be able to repay about $168.5 million of debt due in October and may have to file for bankruptcy protection. LTC's shares fell $1.56 to an all-time low of $4.25 on the New York Stock Exchange. LTC and other owners of health-care properties have been hit hard amid a slew of operator bankruptcies in the wake of changes to Medicaid repayment plans last year.
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BUSINESS
December 13, 1994
LTC Properties Inc., an Oxnard-based real estate investment trust that specializes in long-term and other health-care facilities, said it has completed $23.2 million in new investments. The investments include mortgage loans secured in part by 11 nursing facilities in Arizona, California, Florida, Oklahoma, South Dakota, Texas and Washington with a total of 1,227 beds. LTC said the transactions bring its total new investments for the year to $156 million. It said it still has $22.
BUSINESS
November 3, 1998 | BARBARA MURPHY
LTC Properties in Oxnard announced that during the three months ending Sept. 30, Funds from Operations--the generally accepted measure of operating performance for a real estate investment trust--was 44 cents per basic share and 43 cents per diluted share. This represents an increase of approximately 10% from 39 cents per diluted share for the same period a year earlier. Funds from Operations available to common shareholders for the third quarter increased 27% to $12.3 million versus $9.
BUSINESS
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.
BUSINESS
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.
BUSINESS
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.
BUSINESS
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.
BUSINESS
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.
BUSINESS
October 19, 1993 | JACK SEARLES
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.
BUSINESS
September 15, 1998 | BARBARA MURPHY
LTC Properties in Oxnard has announced a record date of today and an anticipated distribution date of Sept. 30 for its spinoff of LTC Healthcare, a recently formed Nevada corporation in which LTC Properties owns a 99% nonvoting common stock interest. One share of Healthcare will be distributed for each 10 shares of LTC Properties' outstanding common stock. It is expected that the Healthcare common stock will begin trading on the Pacific Exchange by Oct. 1.
BUSINESS
August 25, 1998 | BARBARA MURPHY
LTC Properties in Oxnard has agreed to sell 2 million shares of its Series C convertible preferred stock to National Health Investors for $19.25 a share. The stock will be convertible into 2 million shares of LTC common stock and will have a liquidation preference of $19.25 a share. The transaction is expected to close by the end of this month. Proceeds will be used by LTC to pay off debts and for general corporate purposes.
BUSINESS
August 4, 1998 | Barbara Murphy
LTC Properties in Oxnard announced that during the three months ended June 30, funds from operations was 44 cents per basic share and 43 cents per diluted share, an increase of approximately 10% from 39 cents per diluted share for the same period a year earlier. FFO is the generally accepted measure of real estate investment trust operating performance. The amount available to common shareholders for the second quarter increased by 26% to $11.9 million, versus $9.
BUSINESS
July 28, 1998 | BARBARA MURPHY
LTC Properties in Oxnard has declared monthly cash dividends of 19.79 cents a share on the 9.5% Series A Cumulative Preferred Stock and 18.75 cents a share on the 9% Series B Preferred Stock for July, August and September. The dividends are payable Aug. 15, Sept. 15 and Oct. 15 to stockholders of record on Aug. 1, Sept. 1 and Oct. 1. In addition, the board of directors declared a third-quarter dividend of 39 cents per share on its common stock. The dividend will be paid Sept.
BUSINESS
June 2, 1998 | BARBARA MURPHY
LTC Properties, a real estate investment trust, said it will spin off to shareholders a newly formed non-real estate unit that will engage in businesses barred to REITs. The Oxnard-based company said the spinoff will be made through a dividend, giving shareholders one-tenth of a share in LTC Healthcare for every share owned.
BUSINESS
April 28, 1998 | BARBARA MURPHY
LTC Properties in Oxnard has declared monthly cash dividends of 19.79 cents per share on the 9.5% Series A Cumulative Preferred Stock and 18.75 cents per share on the 9.0% Series B Preferred Stock for April, May and June. The dividends are payable on the 15th of May, June and July to stockholders of record on the first day of those months.
BUSINESS
March 24, 1998 | BARBARA MURPHY
The board of directors for LTC Properties in Oxnard has declared a first-quarter dividend of 36 1/2 cents per share on its common stock. The dividend will be paid March 31 to shareholders of record as of the close of business March 18. The company is a real estate investment trust that invests in long-term care and other health-care facilities through mortgage loans, facility lease transactions and other investments.
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