Investing.com - LTC Properties (NYSE:LTC) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
LTC Properties announced earnings per share of $0.60 on revenue of $43.50. Analysts polled by Investing.com anticipated EPS of $0.46 on revenue of $30.3M.
LTC Properties shares are down 18% from the beginning of the year, still down 13.56% from its 52 week high of $45.49 set on August 26.
LTC Properties shares gained 1.73% in after-hours trade following the report.
LTC Properties follows other major Real Estate sector earnings this month
LTC Properties's report follows an earnings beat by American Tower on Thursday, who reported EPS of $1.8 on revenue of $2.67B, compared to forecasts EPS of $1.13 on revenue of $2.65B.
Prologis had beat expectations on October 19 with third quarter EPS of $1.36 on revenue of $1.75B, compared to forecast for EPS of $1.34 on revenue of $1.2B.
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