LTC Properties Q2 2010 Revenues, Income Up

LTC Properties, Inc. (NYSE:LTC) recently reported results that show net income rising to $7.7 million for second quarter 2010 versus $6.8 million in Q2 2009.  Revenues rose to $18.2 million in Q2 2010 from $17.4 million for the same quarter in 2009.  During the quarter, LTC acquired two properties and paid off a $7.6 million mortgage loan secured by an assisted living property located in California.

LTC Q2 2010 8-K