LTC Properties Q1 adjusted earnings

(RTTNews) - LTC Properties (LTC) announced earnings for first quarter that decreased from the same period last year.

The company's bottom line totaled $20.27 million, or $0.51 per share. This compares with $21.42 million, or $0.54 per share, in last year's first quarter.

Analysts had expected the company to earn $0.52 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.9% to $41.81 million from $42.62 million last year.

LTC Properties earnings at a glance:

-Earnings (Q1): $25.38 Mln. vs. $27.08 Mln. last year. -Analysts Estimate: $0.52 -Revenue (Q1): $41.81 Mln vs. $42.62 Mln last year.