LTC Properties Announces Two SHOP Acquisitions In Tennessee and Wisconsin, Completing $460M Investment Guidance; Additional $110M Expected To Close In January 2026

– Additional $110 Million of SHOP Acquisitions Expected in January –

LTC Properties, Inc. (NYSE:LTC) ("LTC" or the "Company"), a real estate investment trust that invests in seniors housing and health care properties, today announced two Senior Housing Operating Portfolio ("SHOP") acquisitions in Tennessee and Wisconsin.

These acquisitions complete LTC's $460 million investment guidance, including $360 million in SHOP acquisitions. LTC expects to close an additional $110 million of SHOP acquisitions in January 2026, extending its momentum into the new year and reinforcing the Company's external growth initiatives through SHOP.

Acquisition Highlights

• Tennessee: $31.6 million for a 100-unit assisted living and memory care community stabilized at 97% occupancy; built in 2022; managed by an existing LTC operator.
• Wisconsin: $31.3 million for a 122-unit assisted living and memory care community stabilized at 98% occupancy; built and expanded between 2012 and 2019; managed by an existing LTC operator.
• Year-One Yield:7.5%.
• SHOP Portfolio Composition: At December 19, 2025, LTC's SHOP investments made up approximately 24% of its real estate portfolio value, and included 26 properties across seven operators, five of which are new to LTC.

Acquisition Funding

The acquisitions were funded through a combination of:

• LTC's revolving credit line.
• Proceeds from ATM sales.
• Proceeds from previously announced property sales.
• A $16.0 million loan payoff with a current yield of 7.75%.
• A preferred equity redemption of $6.4 million with a current yield of 9% and an IRR of 12%.