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Extra Everything: The Story of Chipotle
Chipotle's story from a single restaurant to a nationwide chain, through crisis and turnaround, built on one of the strongest models in the industry.
LTC Properties
LTC Properties (LTC) investor relations material
LTC Properties Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary7 May, 2026
Executive summary
Accelerated transformation toward a SHOP-focused seniors housing portfolio, with SHOP investments and conversions projected to reach 45% of investments and 40% of annualized NOI by year-end 2026, including $108 million in SHOP acquisitions in Q1 2026 and $250 million more expected in Q2.
Portfolio shift is reducing skilled nursing exposure, with seniors housing asset value concentration projected at 77% by 2026 and skilled nursing dropping to 22%.
Gross investments reached $2.44 billion as of March 31, 2026, across nearly 190 properties in 23 states and 30 operators.
Relationships with operators and a relationship-centric culture are driving record external growth and robust off-market deal flow.
Platform investments in people and data analytics are supporting double-digit SHOP growth and scalability.
Financial highlights
Q1 2026 total revenues rose to $95.4 million from $49.0 million year-over-year, with net income attributable to common stockholders up to $23.4 million from $20.5 million.
Core FFO per share increased to $0.69 and core FAD per share to $0.72, with diluted Nareit FFO per share at $0.72 and diluted EPS at $0.48.
SHOP segment NOI margin improved to 28.1% in Q1 2026, with core SHOP portfolio NOI margin at 26.8%.
Debt to annualized adjusted EBITDAre improved to 4.4x proforma; fixed charge coverage ratio at 4.6x.
Liquidity remains strong at $583 million–$585 million, with pro forma liquidity up to $775 million including expected asset sale proceeds.
Outlook and guidance
2026 full-year guidance reaffirmed: diluted EPS $1.80–$1.84, core FFO per share $2.75–$2.79, and core FAD per share $2.82–$2.86.
SHOP acquisitions guidance for 2026 is $400 million–$800 million, with SHOP NOI projected at $65.1 million–$77.2 million and 14% NOI growth.
$265 million–$266 million in proceeds from asset sales and loan payoffs expected in 2026.
SHOP portfolio expected to reach nearly $1 billion by end of Q2 2026.
Assumes 150 bps occupancy growth, 5% REVPOR increase, and 2.5% EXPOR increase.
Expected IRR for Georgia SHOP portfolio
Core SHOP REVPOR and EXPOR growth targets
SHOP non-FAD capital expenditure guidance
Florida SNF sale proceeds and exit IRR income
Prestige Healthcare mortgage repayment timeline
Status of Genesis Healthcare rent and bankruptcy
Detail the SHOP asset value growth projections
Assess the Prestige mortgage prepayment impact
Market-based rent reset revenue expectations
Partial view of Summaries dataset, powered by Quartr API
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Latest events from LTC Properties
- SHOP transformation and investments drive double-digit growth and strong 2026 outlook.LTC
Q4 202513 Apr 2026 - Annual meeting to vote on directors, executive pay, auditor, and review strategic transformation.LTCProxy filing8 Apr 2026
- Key votes include director elections, executive pay approval, and auditor ratification.LTCProxy filing8 Apr 2026
- SHOP-focused transformation accelerates growth, with 45% portfolio target by 2026.LTCInvestor presentation26 Mar 2026
- SHOP-focused transformation targets 45% portfolio share and double-digit NOI growth by 2026.LTCInvestor presentation24 Mar 2026
- Q2 net income rose to $19.7M, with strong FFO, liquidity, and active portfolio management.LTCQ2 20242 Feb 2026
- Q3 net income, FFO, and liquidity rose, with portfolio moves and deleveraging fueling growth.LTCQ3 202418 Jan 2026
- 2024 net income was $94.9M, with RIDEA strategy fueling growth and strong liquidity.LTCQ4 202423 Dec 2025
- Proxy covers director elections, compensation, auditor ratification, and share authorization increase.LTCProxy Filing1 Dec 2025
Next LTC Properties earnings date
Q2 20264 Aug, 2026
LTC Properties
Next LTC Properties earnings date
Q2 20264 Aug, 2026
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