LTC Properties Inc 2026年季度报告

Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March31,2026 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 For the Transition period from ____ to ____ Commission file number 1-11314 LTC PROPERTIES, INC. (Exact name of Registrant as specified in its charter) Maryland71-0720518(State or other jurisdiction of(I.R.S. Employerincorporation or organization)Identification No.)3011 Townsgate Road, Suite 220Westlake Village, California 91361(Address of principal executive offices, including zip code)(805) 981-8655(Registrant’s telephone number, including area code)Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether registrant (1) has filed all reports required to be filed by Section 13 or 15(d)of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrantwas required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data Filerequired to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large acceleratedfiler,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of theExchange Act. Large accelerated filerAccelerated filer Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act. ¨☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the ExchangeAct).Yes☐No The number of shares of common stock outstanding on April 29, 2026 was 51,181,456. LTC PROPERTIES, INC. FORM 10-Q March31,2026 INDEX PART I -- Financial Information Item 1.Financial Statements3Consolidated Balance Sheets3Consolidated Statements of Income4Consolidated Statements of Comprehensive Income5Consolidated Statements of Equity6Consolidated Statements of Cash Flows7Notes to Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations34Item 3.Quantitative and Qualitative Disclosures about Market Risk57Item 4.Controls and Procedures57PART II -- Other Information Item 1.Legal Proceedings57Item 1A.Risk Factors57Item 2.Unregistered Sales of Equity Securities and Use of Proceeds58Item 5.Other Information58Item 6.Exhibits59 Available Information We make available to the public free of charge through our internet website at www.LTCreit.comour Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, andamendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the SecuritiesExchange Act of 1934, as amended (the “Exchange Act”), as soon as reasonably practicable after weelectronically file such reports with, or furnish such reports to, the Securities and Exchange Commission(“SEC”). We also use the “Investors” portion of our www.LTCreit.com website for purposes of compliancewith Regulation FD and as a routine channel for distribution of important information to investors andinterested parties, including news releases, analyst presentations, financial information, and corporategovernance practices. Accordingly, investors and interested parties should monitor the “Investors” portionof our www.LTCreit.com website for the release of this information. Information on our website is not partof this Quarterly Report on Form 10-Q or any of our filings with the SEC unless specifically incorporatedby reference. PART I - FINANCIAL INFORMATION LTC PROPERTIES, INC.CONSOLIDATED BALANCE SHEETS(amounts in thousands, except per share) LTC PROPERTIES, INC.CONSOLIDATED STATEMENTS OF INCOME(amounts in thousands, except per share, unaudited) LTC PROPERTIES, INC.CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(amounts in thousands, unaudited) LTC PROPERTIES, INC.CONSOLIDATED STATEMENTS OF EQUITY(amounts in thousands) LTC PROPERTIES,INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) 1.Description of Business The Company LTC Properties,Inc. (“LTC” or the “Company”), a health care real estate investmenttrust (“REIT”), was incorporated on May12,1992 in the State of Maryland and commencedoperations on August25, 1992. We invest primarily in seniors housing and health careproperties primarily through our owned seni