December 21, 2024
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Net income falls sharply at LTC Properties

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Net income for Westlake Village-based LTC Properties, a real estate trust that invests in senior housing and health care properties, fell by 70 percent for the second quarter ended June 30. The company announced net income of $20.4 million, or 51 cents per diluted share, down from $68.7 million, of $1.73 per diluted share, for…

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