Sam (Analyst)'s questions to LTC Properties Inc (LTC) leadership • Q3 2024
Question
Sam, on behalf of Tayo Okusanya, asked about performance improvements with operator Prestige Healthcare and the expected timeline for their return to full contractual payments. He also inquired about the outlook for external growth given LTC's improved leverage and liquidity.
Answer
Co-President and CIO Clint B. Malin expressed encouragement with Prestige's occupancy growth to 83% and noted the structure gives them a runway into 2025 to improve margins. Regarding external growth, he stated that LTC is now actively looking at opportunities and hopes to provide more details on the next call.