LTC Properties Q2 Revenue Triples Estimates, Raises 2026 Investment Guidance by 50%
LTC sits 17% above its 52-week low of $33.639.
Summary
LTC Properties delivered a massive Q2 revenue beat, reporting $98.86M against a $31.61M consensus — more than triple expectations. Diluted EPS came in at $0.56. The company raised its 2026 SHOP investment guidance midpoint by 50% to $900M, with $700M in acquisitions expected by the end of Q3. Full-year Core FFO guidance was set at $2.76-$2.78. This follows a series of aggressive senior housing acquisitions and a $300M credit facility expansion in June. The results confirm the SHOP platform is scaling faster than the market anticipated, with occupancy and rate gains driving NOI growth. The stock, recently at $38.48, now trades at a discount to the $40 median target — this beat could force upward revisions.
At the time of this announcement, LTC was trading at $39.49 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $2B. The 52-week trading range was $33.64 to $43.00. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.