Filing Flows › LTC Properties (LTC) › Q1 2026
LTC Properties (LTC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
LTC Properties (LTC) reported revenue of $95.4M for the first quarter 2026 (Q1 2026), +95% from a year earlier and +13% from the quarter before. Operating margin was 59.1%, net earnings $23.6M (24.7% of revenue).
LTC Properties, Q1 2026: revenue $95.4M (+95% year over year), operating margin 59.1%, net earnings $23.6M, operating cash flow $30.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $95.4M | +13% | +95% |
| Operating profit | $56.4M | -0.8% | +14% |
| Net earnings | $23.6M | -77% | +14% |
| Operating cash flow | $30.8M | -19% | +4% |
| Free cash flow | $28.1M | -25% | -0.5% |
What changed
Revenue was $95.4M in Q1 2026, up 95% year over year and up 13% from the previous quarter.
Operating profit was $56.4M, a 59.1% margin (down 42.0 points year over year). Of the extra revenue versus Q1 2025, 15% reached operating profit, below the 101% margin then. Net earnings were $23.6M, up 14% year over year. The effective tax rate was 0.4%.
Operating cash flow was $30.8M (up 4% year over year), 123% of net income including minority interests. Non-cash charges added back $12.0M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $8.2M. Capital expenditures of $2.7M left free cash flow of $28.1M.
Questions
What was LTC Properties' revenue in the first quarter 2026?
LTC Properties (LTC) reported revenue of $95.4M for the first quarter 2026 (Q1 2026), +95% from a year earlier and +13% from the quarter before.
Was LTC Properties profitable in the first quarter 2026?
Operating profit was $56.4M (59.1% of revenue) and net earnings $23.6M.
Source: LTC Properties 10-Q on SEC EDGAR.