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<SEC-DOCUMENT>0001157523-05-003392.txt : 20050418
<SEC-HEADER>0001157523-05-003392.hdr.sgml : 20050418
<ACCEPTANCE-DATETIME>20050418074539
ACCESSION NUMBER:		0001157523-05-003392
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050418
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20050418
DATE AS OF CHANGE:		20050418

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LTC PROPERTIES INC
		CENTRAL INDEX KEY:			0000887905
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				710720518
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11314
		FILM NUMBER:		05755348

	BUSINESS ADDRESS:	
		STREET 1:		22917 PACIFIC COAST HWY
		STREET 2:		SUITE 350
		CITY:			MALIBU
		STATE:			CA
		ZIP:			90265
		BUSINESS PHONE:		3104556010

	MAIL ADDRESS:	
		STREET 1:		22917 PACIFIC COAST HWY
		STREET 2:		SUITE 350
		CITY:			MALIBU
		STATE:			CA
		ZIP:			90265
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a4865588.txt
<DESCRIPTION>LTC PROPERTIES, INC. 8-K
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20459
                                   ----------

                                    FORM 8-K

                 CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934



                         Date of report: April 18, 2005
                        (Date of earliest event reported)



                              LTC PROPERTIES, INC.
             (Exact name of Registrant as specified in its charter)


            Maryland                        1-11314               71-0720518
(State or other jurisdiction of    (Commission file number)    (I.R.S. Employer
 incorporation or organization)                               Identification No)



                     22917 Pacific Coast Highway, Suite 350
                            Malibu, California 90265
                    (Address of principal executive offices)


                                 (805) 981-8655
              (Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))

<PAGE>

Item 2.02. -- Results of Operations and Financial Condition

On April 18, 2005, LTC Properties, Inc. announced $21.8 million in transactions
since January 1, 2005, an increase in its common dividend, and a change to
monthly payment of the common dividend. LTC also announced that it has raised
the common dividend from $0.30 per quarter to $0.33 per quarter and will begin
paying its common dividend on a monthly basis beginning in the second quarter of
2005. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K
and is incorporated herein by reference. Such information shall not be deemed
"filed" for the purposes of Section 18 of the Securities Exchange Act of 1934,
as amended, and is not incorporated by reference into any filing of the company,
whether made before or after the date hereof, regardless of any general
incorporation language in such filing.


Item 9.01. -- Financial Statements and Exhibits

(a) Financial Statements of Business Acquired.

None.

(b) Pro Forma Financial Information

None.

(c) Exhibits.

99.1     Press Release issued April 18, 2005.



                                    SIGNATURE


Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, hereunto duly authorized.

                                    LTC PROPERTIES, INC.



Dated:  April 18, 2005              By:  /s/  WENDY L. SIMPSON
                                         ---------------------
                                         Wendy L. Simpson
                                         Vice Chairman, Chief Financial Officer
                                            and Treasurer

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a4865588ex991.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
                                                                    Exhibit 99.1

LTC Announces $21.8 Million in Transactions since January 1, 2005, an
  Increase in Its Common Dividend and a Change to a Monthly Payment
                        of the Common Dividend

    MALIBU, Calif.--(BUSINESS WIRE)--April 18, 2005--LTC Properties,
Inc. (NYSE:LTC) announced today that during the quarter ended March
31, 2005, it had made investments totaling approximately $15.5
million. In addition, the Company stated that it is contracted to fund
a $5.0 million loan on or about April 25, 2005, and purchase for
approximately $1.3 million a skilled nursing property, for which the
Company has a lease commitment. After the completion of these two
transactions overall new investments since the beginning of the year
will total $21.8 million at a weighted average annual yield of
approximately 10.9%.
    LTC also announced that it has raised the common dividend from
$0.30 to $0.33 per quarter and will begin paying its common dividend
on a monthly basis beginning the second quarter of 2005. As such, the
Company today declared a $0.11 per common share dividend for the
months of April, May and June 2005, payable on May 6, June 6 and July
1, 2005, respectively, to stockholders of record on April 29, May 27
and June 24, 2005, respectively.
    The Company has scheduled a conference call for Monday, May 9,
2005 at 9:00 AM Pacific time in order to comment on the Company's
performance, acquisitions and operating results for the quarter ended
March 31, 2005. The conference call is accessible by dialing (800)
901-5213 passcode 46218914. The earnings release and any additional
financial information that may be discussed on the conference call
will also be available on our website. An audio replay of the
conference call will be available from 11:00 AM Pacific time on May 9,
2005 through May 30, 2005. Callers can access the replay by dialing
(888) 286-8010 and entering conference ID number 79768531. Webcast
replays will also be available on our website until May 23, 2005.
    The Company is a self-administered real estate investment trust
that primarily invests in long-term care and other health care related
facilities through mortgage loans, facility lease transactions and
other investments. For more information on LTC Properties, Inc., visit
the Company's website at www.ltcproperties.com.

    This press release includes statements that are not purely
historical and are "forward looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended, including
statements regarding the Company's expectations, beliefs, intentions
or strategies regarding the future. All statements other than
historical facts contained in this press release are forward looking
statements. These forward looking statements involve a number of risks
and uncertainties. All forward looking statements included in this
press release are based on information available to the Company on the
date hereof, and the Company assumes no obligation to update such
forward looking statements. Although the Company's management believes
that the assumptions and expectations reflected in such forward
looking statements are reasonable, no assurance can be given that such
expectations will prove to have been correct. The actual results
achieved by the Company may differ materially from any forward looking
statements due to the risks and uncertainties of such statements.

    CONTACT: LTC Properties, Inc.
             Andre C. Dimitriadis, Chairman & CEO
             Wendy L. Simpson, Vice Chairman & CFO
             805-981-8655
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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