LTC Properties Q1 2024 FFO $0.69 Beats $0.66 Estimate, Sales $33.549M Miss $50.951M Estimate
Portfolio Pulse from Benzinga Newsdesk
LTC Properties reported Q1 2024 FFO of $0.69 per share, surpassing the $0.66 estimate, marking a 4.55% year-over-year increase. However, their sales of $33.549M fell short of the $50.951M estimate, a 34.15% miss, though it's a 5.72% increase from the previous year.

April 29, 2024 | 8:36 pm
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LTC Properties exceeded Q1 2024 FFO estimates but missed revenue expectations, indicating mixed financial health.
The beat on FFO estimates suggests operational efficiency and could be positive for investor sentiment. However, the significant miss on sales forecasts may raise concerns about revenue growth and market demand, potentially offsetting the positive FFO results. The mixed financial performance makes the short-term impact neutral as investors weigh the positives against the negatives.
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