WESTLAKE VILLAGE, Calif. (AP) — WESTLAKE VILLAGE, Calif. (AP) — LTC Properties Inc. (LTC) on Monday reported a key measure of profitability in its third quarter.
The real estate investment trust, based in Westlake Village, California, said it had funds from operations of $34.6 million, or 78 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $29.2 million, or 66 cents per share.
The real estate investment trust, based in Westlake Village, California, posted revenue of $55.8 million in the period. Its adjusted revenue was $32.3 million.
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