What is LTC's AFFO per share?

LTC Properties, Inc. (LTC) reported adjusted funds from operations (AFFO) of $2.96 per share over the four quarters to June 30, 2026. AFFO deducts the recurring capital spending a REIT needs to keep its properties leased, so it is the closest read on the cash that pays the dividend.

Why does LTC Properties, Inc. report FFO instead of just net income?

Funds from operations (FFO) is net income with real estate depreciation added back and gains or losses on property sales removed, as defined by Nareit, the REIT industry body. Buildings are depreciated on the books while they often hold or gain value, so net income understates a REIT's recurring earnings. That is why LTC Properties, Inc. reports FFO in each quarterly earnings release, and why investors value REITs on FFO rather than EPS.

Is LTC's dividend covered by FFO?

The FFO and AFFO payout ratios on LTC's Dividend tab divide the dividends it declared by the FFO and AFFO per share it reported, by year and over the trailing twelve months. Under 100% means the reported figure covered the dividend; REITs typically pay out 70 to 90% of FFO, and the latest quarter on file is Q2 2026.

LTC

LTC Properties, Inc.

NYSE·REIT, Healthcare Facilities · Real Estate

$43.41$1.41+3.36%

Market cap$2.34B·Oct 22 2:48 PM EDT

Snapshot

AFFO per share (TTM)

$2.96

P/AFFO (TTM)

14.7

AFFO growth (YoY)

+7.2%

Latest quarter

Q2 2026FFO $0.66Core FFO $0.68AFFO $0.68Period ended Jun 30, 2026Earnings release (8-K)

AFFO per Share

PRO

Trailing 12-month AFFO · per share

$2.96+7.25%YoY

Limited data: LTC AFFO per share is on file for 8 quarters (Q3 2024 to Q2 2026), against 27 quarters of FFO. We publish a quarter only after the company's own filings confirm it, so a line the REIT prints in fewer releases, renames, or prints in a layout we have not confirmed yet has a shorter record. FFO per Share above has the longer history.

AFFO per share by quarter, trailing 12 months and year, with 1, 3, 5 and 10-year growth rates and the earnings release behind every quarter.

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Core FFO per Share

PRO

Latest quarter Core FFO · per share

$0.68+0.00%YoY

Limited data: LTC Core FFO per share is on file for 6 quarters (Q3 2024 to Q2 2026), with no four consecutive quarters in the past year for a trailing 12-month figure. We publish a quarter only after the company's own filings confirm it, so a line the REIT prints in fewer releases, renames, or prints in a layout we have not confirmed yet has a shorter record. FFO per Share above has the longer history.

Core FFO per share by quarter, trailing 12 months and year, with 1, 3, 5 and 10-year growth rates and the earnings release behind every quarter.

TapClick below to see what's inside, then upgrade to unlock it for LTC and every other REIT we cover.

Frequently Asked Questions About LTC

What is LTC's AFFO per share?: LTC Properties, Inc. (LTC) reported adjusted funds from operations (AFFO) of $2.96 per share over the four quarters to June 30, 2026. AFFO deducts the recurring capital spending a REIT needs to keep its properties leased, so it is the closest read on the cash that pays the dividend.
Why does LTC Properties, Inc. report FFO instead of just net income?: Funds from operations (FFO) is net income with real estate depreciation added back and gains or losses on property sales removed, as defined by Nareit, the REIT industry body. Buildings are depreciated on the books while they often hold or gain value, so net income understates a REIT's recurring earnings. That is why LTC Properties, Inc. reports FFO in each quarterly earnings release, and why investors value REITs on FFO rather than EPS.
Is LTC's dividend covered by FFO?: The FFO and AFFO payout ratios on LTC's Dividend tab divide the dividends it declared by the FFO and AFFO per share it reported, by year and over the trailing twelve months. Under 100% means the reported figure covered the dividend; REITs typically pay out 70 to 90% of FFO, and the latest quarter on file is Q2 2026.

LTC Properties, Inc.

Frequently Asked Questions About LTC

LTC Properties, Inc.

Snapshot

AFFO per Share

Core FFO per Share

Frequently Asked Questions About LTC

Snapshot

AFFO per Share

Core FFO per Share

FFO Analyzer

FFO Analyzer