LTC Properties (LTC) Q2 FY26 earnings call

LTC Properties is rapidly accelerating its SHOP strategy, significantly increasing acquisition and disposition guidance for FY26 to transform its portfolio. The company aims for SHOP to represent 50% of annualized NOI by year-end and 75% by 2028, driven by strategic capital recycling and strong operator relationships. While near-term FFO guidance remains flat due to acquisition timing, management anticipates higher long-term FFO and FAD growth from the enhanced portfolio.