(RTTNews) - LTC Properties, Inc. (LTC), Monday announced an increase in its Funds from Operations for the first-quarter.
FFO rose to $27.5 million from last year's $27.4 million, whereas NARIET FFO increased to $29.9 million or $0.69 per share from $27.2 or $0.66 per share in prior year.
Earnings declined to $24.2 million or $0.56 per share from $33.1 million or $0.80 per share year-ago quarter.
Analysts, on average, polled by Thomson Reuters estimated earnings of $0.53 per share.
Revenue increased to $51.4 million from last year's $49.5 million.
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