LTC Properties Reports $763,000 Profit for 1992
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LTC Properties Inc., an Oxnard-based real estate investment trust that invests in nursing homes, posted a 1992 profit of $763,000 on revenue of $4.01 million.
The trust had no prior-year results because it began operations in late August, when it also completed its initial public stock offering.
For the fourth quarter ended Dec. 31, LTC Properties earned $694,000 on revenue of $2.94 million.
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