LTC Properties, Inc. (NYSE:LTC) announced operating results for fourth quarter and full year 2009 that showed full year net income allocable to common stockholders was $29.4 million or $1.27 per diluted share versus 2008 when net income allocable to common stockholders was $28.4 million or $1.24 per diluted share. Revenues for the twelve months ended December 31, 2009, were $69.9 million versus $69.4 million for the same period last year. LTC’s same store cash rental income, for properties owned for the year ended December 31, 2009 and 2008, increased $1.6 million due to rental increases provided for in existing lease agreements. At December 31, 2009, LTC, a self-administered real estate investment trust (REIT), had investments in 98 skilled nursing properties, 104 assisted living properties and two schools in 29 states.
LTC Properties Sees Increases in Revenues and Net Income for 2009
Technorati Tags: Senior Housing Stocks,Senior Housing Finance
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