LTC Properties’ Quarterly Figures Show Slight Decline

LTC Properties Inc. in Oxnard said that for the three months ended June 30, funds from operations were 38 cents per basic and diluted share, a 6-cent-a-share drop from the same period last year.

Revenue for the three months were $22.7 million, compared with $22.9 million for the same period in 1999. Net income available to common shareholders was just over $6 million, or 23 cents per diluted share, compared with $9.1 million or 33 cents per diluted share for the three months that ended June 30, 1999.

As of June 30, the company had investments in 262 skilled-nursing facilities, 95 assisted-living residences and six schools in 36 states.