I decided to write myself because I was frustrated that I couldn't find much information about LTC Property on the Internet.
Please understand my poor translation.
The name LTC means Long Term Care. Properties means real estate.
Table of Contents
- A brief introduction to LTC Properties.
- Business Introduction
- The location of the property LTC owns
- Senior citizen care sector market prospects
- Pros and cons : Financial status of LTC Properties stock
LTC Property was founded by Andre C. Dimitriadis on May 12, 1992.
Headquarter is located in West Lake Village, California.
What is REITs?
It stands for "Real Estate Investment Trusts"
To put it simply, co-ownership of real estate by form of stock. and share rent
What kind of company?
LTC Properties is the Medical REIT that invests in Assisted Living or Skilled Nursing care assets.
company owns 184 properties in total.
Run business in the southern part of the United States including Florida, a representative city with a high aging rate.
It would be nice if I could see the pictures of the real estate facilities they own,
But I won't include pictures. Because the company didn't provide it on the website.
"Senior citizen care business" Prospects in the Future.
In conclusion, size of markets is expected to increase.
The graph on the left is the statistics and estimates of population over 65 years of age in the United States.
On the right are the Assisted Living Facility (ALF) and Skilled Nurging Facility (SNF) market size statistics and estimates.
As we all know, the population over 65 is increasing, and ALF and SNF are increasing steadily.
As the size of the "Senior citizen care business" will increase steadily, I think companies in this field will grow steadily if they can manage their financial status well.
LTC Properties Stock Features
high dividend, monthly dividend
Ticker : LTC
market capitalization: 1.4B $
There's some volatility in stock prices, but heading upward.
It seems to be a little tough after the crash at the end of the 17th year
And 2020. may Bear market caused by the Covid-19.
(At that times, all stocks price had fallen. It's not just about LTC. )
It's showing a poor defense of the drop in prices.
Investment attraction
1. High dividend rate
2. Monthly dividend
3. Unrecovered stock price after Covid-19.
4. Possibility of stock price hikes when the "Senior citizen care business" becomes an issue
A danger to be aware of
1. There may be a fall in stock prices greater than the dividend rate.
2. Since almost all REITs' assets are real estate, failure to receive monthly rent in the event of an economic crisis will hurt their income.
3. If real estate prices fall, the company will suffer losses.
4. Because high dividends and monthly dividends are strength of company, stock prices fall when dividend stop.
<2000–2019 U.S. real estate prices>
As property prices in the U.S. are currently on the rise,
I think it's not a concern.
Dividends! Is it a company that can give steadily?
I am also holding stocks and received dividends normally.
It should be noted that sales fell in the second quarter of this year, REITs, which have a stable profit structure, saw their sales decline.
Net assets and sales per share decreased during the same period.
We may think that LTC paid dividends by selling owning property.
The surplus cash flows have been increasing since the end of 19 years,
Suggesting that for the time being, they will be able to withstand a crisis.
I'm a little disappointed that dividend growth has not been achieved since 2016.
I think it is good just to give dividend steadily because of the high rate.
Economy crisis due to The Subprime mortgage in 2007.
But LTC steadily pay dividends.
This post is not an investment recommendation.
The responsibility for the investment lies with you.
Hyungue Choi
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