LTC Properties (NYSE: LTC) Chairman & CEO Wendy Simpson Interviewed by Advisor Access
April 25 2023 - 6:33AM
Founded in 1992, LTC Properties, Inc. (NYSE: LTC) is a
self-administered real estate investment trust (REIT) investing in
seniors housing and health care properties. LTC’s portfolio
encompasses Skilled Nursing Facilities, Assisted Living
Communities, Independent Living Communities, Memory Care
Communities and combinations thereof. The company’s main objective
is to build and grow a diversified portfolio that creates and
sustains shareholder value while providing stockholders current
distribution income. To meet this objective, the company seeks
properties operated by regional operators, ideally offering upside
and portfolio diversification.
Advisor Access spoke with Wendy
Simpson, Chairman and CEO of LTC Properties.
AA: Would you provide an overview of LTC
Properties and discuss its market niche in the REIT
sector?
Wendy Simpson: LTC Properties,
Inc. (NYSE: LTC) is a REIT that invests in seniors housing and
health care properties, primarily through sale-leasebacks, mortgage
financing, joint ventures and structured finance solutions,
including preferred equity and mezzanine lending. Currently, our
investment portfolio includes 222 geographically diverse properties
across 29 states with 32 operating partners. Based on our gross
real estate investments, LTC’s portfolio is roughly half seniors
housing and half skilled nursing…
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AA: What changes have you seen in the
sector in this post-pandemic period, and how is the company
addressing them?
WS: Our sector certainly was
tested during the pandemic, just as many were. One of the things
I’m most proud of is how we came together to collaboratively
navigate through an unprecedented challenge…
AA: Has there been a change in the way LTC
thinks about its dividend and investment priorities amidst a
volatile capital market?
WS: LTC has always operated with a
conservative mindset and philosophy to help produce solid returns
on our investments, while protecting our balance sheet and
dividend. In a period of volatility, such as we’re seeing now, that
philosophy is even more important and impactful…
AA: Is there anything else you would like
investors to know about LTC?
WS: Thank you for your question.
We recognize that ESG [Environmental, Social and Governance] is
currently a topic of significant interest and scrutiny. As a
responsible business, we understand the importance of being good
stewards beyond profit…
AA: Thank you, Wendy.
Wendy Simpson has been LTC’s CEO and President
since 2007 and was appointed Chairman of the Board in 2013. She
joined the company in 2000 as Vice Chairman and has also served as
Treasurer, Chief Financial Officer and Chief Operating Officer.
Prior to joining LTC, Wendy held executive positions in public
companies that owned acute care hospitals, LTACHs, psychiatric
hospitals and home health services. She began her career in public
accounting and has more than 25 years in health care related
businesses.
Disclosures
Investors and others should note
that LTC Properties, Inc. posts
important financial information using the investor relations
section of the LTC Properties,
Inc. website,
https://ir.ltcreit.com/overview/default.aspx, and Securities and
Exchange Commission filings.
The material, information and facts discussed in
this report are from sources believed to be reliable, but are in no
way guaranteed to be complete or accurate. This report should not
be used as a complete analysis of the company, industry or security
discussed in the report. This is not an offer or solicitation of
the securities discussed. Advisor-Access LLC and/or its employees,
contractors and owners may purchase or sell the securities
mentioned in this report from time to time. Any opinions or
estimates in this report are subject to change without notice. This
report contains forward-looking statements. This information may
involve risks and uncertainties that could cause actual results to
differ materially from the forward-looking statements. The
securities discussed may involve a high degree of risk and may not
be suitable for all investors. LTC Properties,
Inc. has paid Advisor Access a fee to distribute this
press release. LTC Properties, Inc. had final
approval of the content and is wholly responsible for the validity
of the statements and opinions.
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