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Stock impact report

LTC Properties (LTC) Maintains Monthly Dividend while Working Through Tenant Challenges [Yahoo! Finance]

LTC Properties, Inc. (LTC) 
Last ltc properties, inc. earnings: 2/20 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ltcreit.com
Company Research Source: Yahoo! Finance
LTC Properties (LTC) Maintains Monthly Dividend while Working Through Tenant Challenges LTC Properties, Inc. (NYSE:LTC) is a healthcare REIT. It focuses on senior housing and skilled nursing properties, using triple net leases, mortgage loans, and other income-generating structures. That model tends to produce steady cash flow, which supports its monthly dividend. The COVID-19 pandemic created real pressure on the seniors housing segment and, in turn, on LTC's tenants. Some operators struggled to meet rent obligations, and a few filed for bankruptcy. LTC's balance sheet helped it get through that period. It managed to offset part of the lost income and continued paying its monthly dividend, even as some peers reduced theirs. Even so, the company has not raised its payout since 2016. There are signs of longer-term support for the business. A study by Syracuse University projects that by 2030, the number of Americans aged 65 and older will reach 73 million. To benefit from that s Show less Read more
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