Filing Flows › LTC Properties (LTC) › Q1 2025
LTC Properties (LTC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
LTC Properties (LTC) reported revenue of $49.0M for the first quarter 2025 (Q1 2025), -5% from a year earlier and -7% from the quarter before. Operating margin was 37.8%, net earnings $20.7M (42.2% of revenue).
LTC Properties, Q1 2025: revenue $49.0M (-4% year over year), operating margin 37.8%, net earnings $20.7M, operating cash flow $29.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $49.0M | -7% | -5% |
| Operating profit | $18.6M | -2% | -24% |
| Net earnings | $20.7M | +14% | -15% |
| Operating cash flow | $29.6M | -13% | +40% |
| Free cash flow | $28.2M | -6% | +43% |
What changed
Revenue was $49.0M in Q1 2025, down 5% year over year and down 7% from the previous quarter.
Operating profit was $18.6M, a 37.8% margin (down 9.5 points year over year). Total costs grew 13% against a revenue fall of 5%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $20.7M, down 15% year over year. The effective tax rate was -20.9%.
Operating cash flow was $29.6M (up 40% year over year), 133% of net income including minority interests. Non-cash charges added back $9.2M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items used $4.1M. Capital expenditures of $1.3M left free cash flow of $28.2M.
Questions
What was LTC Properties' revenue in the first quarter 2025?
LTC Properties (LTC) reported revenue of $49.0M for the first quarter 2025 (Q1 2025), -5% from a year earlier and -7% from the quarter before.
Was LTC Properties profitable in the first quarter 2025?
Operating profit was $18.6M (37.8% of revenue) and net earnings $20.7M.
Source: LTC Properties 10-Q on SEC EDGAR.