Regulation FD Disclosure (Form 8-K)

Item 7.01 Regulation FD Disclosure.

LTC Properties, Inc. (the "Company" or "LTC") is updating its 2025 full-year guidance for generally accepted accounting principles ("GAAP") net income attributable to LTC to be in the range of $2.57 to $2.59 per share. The updated GAAP net income guidance is due to the previously discharged non-cash write-off of an effective interest receivable balance as described more fully below and a mortgage loan origination also described below. LTC further is updating its 2025 full-year guidance for Diluted Core Funds From Operations ("Core FFO") and Diluted Core Funds Available for Distribution ("Core FAD") to be in the range of $2.68 to $2.71 per share and $2.81 to $2.83 per share, respectively. The updated Core FFO and Core FAD is due to the mortgage loan origination described below. The non-cash write off described more fully below does not impact Core FFO or Core FAD.

The following table contains information and a reconciliation of Core FFO and Core FAD per share full-year 2025 guidance ranges as previously released on August 4, 2025 relative to the updated full-year 2025 guidance. The following updated guidance ranges reflect LTC management's view of current and future market conditions. There can be no assurance that LTC's actual results will not differ materially from the updated estimates set forth below. Except as otherwise required by law, LTC assumes no, and hereby disclaims any, obligation to further update any guidance ranges as a result of new information or new or future developments.

The non-cash write off of a $41.5 million effective interest receivable was the result of an amendment made to the $180.4 million mortgage loan with Prestige Healthcare ("Prestige") during July 2025. The July 2025 amendment provided Prestige with an option to prepay the loan without penalty during a 12-month window starting in July 2026, subject to customary conditions and contingent on several factors including Prestige being current and in good standing on all its mortgage loans with LTC and Prestige's ability to obtain replacement financing. There is no assurance that Prestige will be successful in obtaining replacement financing within the prepayment option time period or that they will satisfy the other conditions necessary to prepay the loan. The Prestige mortgage loan is secured by 14 skilled nursing centers in Michigan and contractually matures in 2043. The amendment made to the mortgage loan with Prestige and the potential effective interest receivable non-cash write off were previously disclosed in LTC's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

Subsequent to the quarter ended June 30, 2025, LTC also originated a $58 million five-year loan, secured by two seniors housing communities with a total of 171 units in California, at an interest rate of 8.25%.