Austin Wurschmidt

Michael Carroll

Omotayo Okusanya

Richard Anderson

Juan Sanabria

John Kilichowski

Robin Handel

William John Kilichowski

- **LTC Properties** announced a **$195 million Senior Housing Operating Portfolio (SHOP) acquisition** of five independent living, assisted living, and memory care communities totaling **520 units** in Wisconsin.  **[887905_daac63fd76d74829bcd7657a33369175_0]** 
- This acquisition is projected to deliver a **year-one yield of approximately 7%** and introduces **Lifespark** as a new operating partner.  **[887905_daac63fd76d74829bcd7657a33369175_0]** 
- The company has closed **80% ($370 million)** of its projected **$460 million pipeline**, with **$270 million** added to its SHOP portfolio, which now comprises approximately **18% of its total portfolio**.  **[887905_daac63fd76d74829bcd7657a33369175_0]** 
- LTC expects to close an additional **$90 million in SHOP acquisitions by the end of 2025**.  **[887905_daac63fd76d74829bcd7657a33369175_0]**

LTC Properties Announces $195 Million SHOP Acquisition

- LTC Properties, Inc. (LTC) has **increased its 2025 investment guidance by 15% to $460 million**, up from the previous **$400 million**.  **[887905_73091040e9474309b6c16503dc6284b7_0]** 
- This revised guidance is primarily driven by **significant growth in its Seniors Housing Operating Portfolio (SHOP)**, which was launched in **May 2025**.  **[887905_73091040e9474309b6c16503dc6284b7_0]** 
- The **$460 million** investment plan includes **$135 million** already closed, **$235 million** expected to close in the next 30 days, and **$90 million** expected to close after Q3 2025, with a focus on SHOP investments.  **[887905_73091040e9474309b6c16503dc6284b7_0]** 
- Upon completion of these investments, the SHOP portfolio is projected to exceed **$500 million** in value, representing approximately **20% of LTC's total portfolio**, and will shift the overall portfolio composition to a **65-35% split favoring seniors housing** over skilled nursing.  **[887905_73091040e9474309b6c16503dc6284b7_0]**

LTC Properties Increases 2025 Investment Guidance

- LTC Properties, Inc. (LTC) has **updated its 2025 full-year guidance** for GAAP net income attributable to LTC to a range of **$2.57 to $2.59 per share**, a decrease from the previously released guidance of $3.45 to $3.48 per share. This revision is primarily due to a **non-cash write-off of a $41.5 million effective interest receivable** in July 2025.  **[887905_0001104659-25-090013_tm2526077d1_8k.htm:1]** 
- The company also updated its 2025 full-year guidance for Diluted Core Funds From Operations (Core FFO) to **$2.68 to $2.71 per share** and Diluted Core Funds Available for Distribution (Core FAD) to **$2.81 to $2.83 per share**. These updates reflect a **new $58 million five-year loan origination** at an interest rate of 8.25%, secured by two seniors housing communities in California.  **[887905_0001104659-25-090013_tm2526077d1_8k.htm:1]**

LTC PROPERTIES (LTC)