LTC Properties Establishes New $500 Million 'At-the-Market' Equity Offering Program

LTC Properties, Inc. entered into an Equity Distribution Agreement to establish a new "at-the-market" (ATM) equity offering program. The agreement allows the company to sell, from time to time, shares of its common stock with an aggregate offering price of up to $500 million. This new program replaces a prior, smaller agreement.

Key Details

• Offering Size: The company may issue and sell up to $500 million of its common stock, as disclosed in the agreement dated August 6, 2026.
• Use of Proceeds: Net proceeds are intended to pay down amounts on its unsecured revolving line of credit, fund acquisitions and originations, and for general corporate purposes.
• Prior Program Termination: This new agreement replaces a previous $400 million ATM program from November 2024, under which approximately $90 million of common stock remained unsold at the time of termination.
• Sales Structure: Sales may be made in "at-the-market" offerings, negotiated transactions, or through forward sale agreements. Commissions paid to sales agents will not exceed 2.0% of the gross sales price.