LTC Beats Q3 Estimates but 2026 FFO Guidance Lands Below Consensus
LTC sits 36% above its 52-week low of $33.639.
Summary
LTC beat on the quarter: core FFO of $0.71 a share versus $0.69 a year ago and $0.70 consensus, with revenue of $115.25M up from $69.29M and above the $108.55M estimate. The beat came from SHOP acquisitions and conversions, a lease termination fee tied to property sales, higher loan interest income and market-based rent resets. The problem is forward guidance: full-year 2026 core FFO of $2.76-$2.78 sits below the $2.78 consensus midpoint, and shares fell 1.99% to $44.89 after hours. Management did raise the 2026 SHOP investment midpoint to $1B from $900M, with SHOP acquisitions near $950M through October already past the old target, and narrowed SHOP NOI guidance to $73.5M-$76.4M. The stock is near its 52-week high of $46.14, so the muted outlook is enough to stall it. The earnings call is at 11:00 AM ET tomorrow.
At the time of this announcement, LTC was trading at $45.65 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $2.5B. The 52-week trading range was $33.64 to $46.14. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.