LTC Properties Net Income Doubles to $3.83 Million
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LTC Properties Inc., an Oxnard real estate investment trust that invests in long-term care and other health-care facilities, reported a doubling of its net income in the second quarter.
LTC earned $3.83 million in the three months that ended June 30, compared to a $1.88-million profit a year before. Its revenue rose 53%, to $6.31 million from $4.12 million.
The trust’s net income more than doubled in the recent six-month period, to $6.28 million, while its revenue climbed 58%, to $11.9 million. A year earlier, it earned $3 million on $7.49 million in revenue.
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