Filing Flows › LTC Properties (LTC) › Q3 2026
LTC Properties (LTC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
LTC Properties (LTC) reported revenue of $115M for the third quarter 2026 (Q3 2026), +66% from a year earlier and +17% from the quarter before. Operating margin was 54.2%, net earnings $348M (302.1% of revenue).
LTC Properties, Q3 2026: revenue $115M (+66% year over year), operating margin 54.2%, net earnings $348M, operating cash flow $41.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $115M | +17% | +66% |
| Operating profit | $62.5M | +14% | +25% |
| Net earnings | $348M | 12× | — |
| Operating cash flow | $41.3M | +20% | +7% |
| Free cash flow | $36.6M | +20% | +7% |
What changed
Revenue was $115.2M in Q3 2026, up 66% year over year and up 17% from the previous quarter.
Operating profit was $62.5M, a 54.2% margin (down 17.7 points year over year). Of the extra revenue versus Q3 2025, 28% reached operating profit, below the 72% margin then. Total costs grew 171% against revenue growth of 66%. The fastest-growing cost line was Other operating costs (+273%). Net earnings were $348.1M. The effective tax rate was 0.1%. Non-operating items added $287.3M, 82% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $41.3M (up 7% year over year), 12% of net earnings. Non-cash charges added back $13.7M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items used $324.0M. Capital expenditures of $4.7M left free cash flow of $36.6M.
Questions
What was LTC Properties' revenue in the third quarter 2026?
LTC Properties (LTC) reported revenue of $115M for the third quarter 2026 (Q3 2026), +66% from a year earlier and +17% from the quarter before.
Was LTC Properties profitable in the third quarter 2026?
Operating profit was $62.5M (54.2% of revenue) and net earnings $348M.
Source: LTC Properties 10-Q on SEC EDGAR.