Top 4 Healthcare REITs Turning Care Into Big Investor Payouts LTC Properties (NYSE:LTC) said it is accelerating its shift toward a seniors housing operating portfolio, or SHOP, strategy, with management telling investors that the transition is expected to materially change the…
mpany’s growth profile by the end of 2026. On the company’s first-quarter 2026 earnings call, Co-President and Co-Chief Executive Officer Clint Malin said LTC is “successfully executing” its SHOP strategy and that the company’s relationships with sellers and operators are driving “record external growth.” Management said the SHOP segment is currently projected to represent 45% of total investments and 40% of annualized net operating income by year-end. – 5 best dividend capture stocks “The shift in our portfolio mix is dramatically enhancing LTC’s long-term ability to grow FFO and FAD per share above our historical rate,” Malin said
The company reiterated that its 2026 guidance assumes $400 million to $800 million of SHOP acquisitions, with a midpoint of $600 million. Malin said LTC remains on track with that midpoint and expects to be more than halfway to the target after second-quarter transactions close. SHOP Portfolio Expected to Drive Higher Growth – Nursing Home REITs: The Surprise Heroes of High Yield Investing Gibson Satterwhite, executive vice president of asset management, said LTC is focused on optimizing risk-adjusted returns by investing in SHOP and recycling capital opportunistically.
He said the expected 40% SHOP annualized NOI target includes reinvestment of about $265 million in planned dispositions and loan repayments from skilled nursing assets during the year. Of that $265 million, Satterwhite said $77 million has closed and $190 million is expected to close in the third quarter. The company’s guidance also assumes a July 1 payoff of the Prestige loan, consistent with a notice of intent received earlier in the year.