LTC Properties Reports on Funds From Operations
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LTC Properties in Oxnard reported that for the three months ending Sept. 30, funds fromoperations--the generally accepted measure of real estate investment trust operating performance--was $11.4 million, or 42 cents per basic and diluted share.
For the same period last year, diluted funds from operations was 43 cents per share.
Net income available to common shareholders was $8.1 million, or 30 cents per diluted share.
On Sept. 30, the company had investments in 266 skilled nursing facilities, 94 assisted-living residences and six schools in 35 states.
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