Filing Flows › LTC Properties (LTC) › Q2 2025
LTC Properties (LTC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 4, 2025
LTC Properties (LTC) reported revenue of $60.2M for the second quarter 2025 (Q2 2025), +20% from a year earlier and +23% from the quarter before. Operating margin was 80.5%, net earnings $15.1M (25.1% of revenue).
LTC Properties, Q2 2025: revenue $60.2M (+20% year over year), operating margin 80.5%, net earnings $15.1M, operating cash flow $30.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $60.2M | +23% | +20% |
| Operating profit | $48.5M | +161% | +154% |
| Net earnings | $15.1M | -27% | -22% |
| Operating cash flow | $30.0M | +2% | -19% |
| Free cash flow | $28.9M | +2% | -17% |
What changed
Revenue was $60.2M in Q2 2025, up 20% year over year and up 23% from the previous quarter.
Operating profit was $48.5M, a 80.5% margin (up 42.4 points year over year). Of the extra revenue versus a year earlier, 290% reached operating profit, above the 38% margin then. Total costs fell 62% while revenue rose 20%. The fastest-growing cost line was General & admin (+25%). Net earnings were $15.1M, down 22% year over year. The effective tax rate was -0.5%.
Operating cash flow was $30.0M (down 19% year over year), 181% of net income including minority interests. Non-cash charges added back $8.8M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items added $1.9M. Capital expenditures of $1.2M left free cash flow of $28.9M.
Questions
What was LTC Properties' revenue in the second quarter 2025?
LTC Properties (LTC) reported revenue of $60.2M for the second quarter 2025 (Q2 2025), +20% from a year earlier and +23% from the quarter before.
Was LTC Properties profitable in the second quarter 2025?
Operating profit was $48.5M (80.5% of revenue) and net earnings $15.1M.
Source: LTC Properties 10-Q on SEC EDGAR.