LTC Properties (FRA:LTP) Scaled Net Operating Assets: 1.00 (As of Mar. 2026)


FRA:LTP LTC Properties Inc FRA:LTP
88 GF Score
Price €33.90
GF Value €42.49
Valuation Modestly Undervalued
! 6 Warning Signs
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What is LTC Properties Scaled Net Operating Assets?

LTC Properties FRA:LTP +0.36% 88 Scaled Net Operating Assets is 1.00 as of Mar. 2026. GuruFocus rates FRA:LTP with a GF Score™ of 88/100 and a GF Value™ of €42.49 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

LTC Properties's operating assets for the quarter that ended in Mar. 2026 was €1,799.8 Mil. LTC Properties's operating liabilities for the quarter that ended in Mar. 2026 was €42.8 Mil. LTC Properties's Total Assets for the quarter that ended in Dec. 2025 was €1,761.0 Mil. Therefore, LTC Properties's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 1.00.


LTC Properties Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for LTC Properties's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

LTC Properties Scaled Net Operating Assets Chart

LTC Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.08 1.14 1.05 0.97 1.00

LTC Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.93 0.92 1.08 0.98 1.00

FRA:LTP vs DHC, SILA, MPT: Scaled Net Operating Assets Comparison

For the REIT - Healthcare Facilities subindustry, LTC Properties's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


LTC Properties Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, LTC Properties's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where LTC Properties's Scaled Net Operating Assets falls into.


FRA:LTP
88GF Score
LTC Properties Inc FRA:LTP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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LTC Properties Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

LTC Properties's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(1748.713-49.1)/1705.766
=1.00

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1760.999 - 12.286
=1748.713

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=768.323 - 503.278 - 215.945
=49.1

LTC Properties's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(1799.812-42.754)/1760.999
=1.00

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1818.554 - 18.742
=1799.812

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=795.236 - 505.558 - 246.924
=42.754

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 1.00 mean?
LTC Properties (FRA:LTP) has a Scaled Net Operating Assets of 1.00 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on LTC Properties and its competitors.
Is LTC Properties' Scaled Net Operating Assets too high?
LTC Properties' current Scaled Net Operating Assets is 1.00. Overall, LTC Properties has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LTC Properties' Scaled Net Operating Assets compare to DHC and SILA?
LTC Properties' Scaled Net Operating Assets of 1.00 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on LTC Properties and its competitors. LTC Properties's current Scaled Net Operating Assets is 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LTC Properties stock overvalued right now?
Based on GuruFocus' analysis, LTC Properties (FRA:LTP) is currently considered Modestly Undervalued. The stock's GF Value™ is €42.49, compared to a current price of €33.90 — trading 20.2% below its estimated fair value. The current Scaled Net Operating Assets is 1.00. LTC Properties' overall GF Score™ is 88/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For LTC Properties (FRA:LTP), the current Scaled Net Operating Assets is 1.00 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is LTC Properties (FRA:LTP) Overvalued in 2026?

Based on GuruFocus' analysis, LTC Properties stock appears to be undervalued. The current stock price of €33.90 is trading 20.2% below its estimated GF Value™ of €42.49. GuruFocus considers LTC Properties to be Modestly Undervalued.

Key valuation signals for FRA:LTP:

  • Scaled Net Operating Assets: 1.00
  • GF Value™: €42.49 vs. price of €33.90 (20.2% below fair value)
  • GF Score™: 88/100 with 6 warning signs

No single metric tells the full story. See the FRA:LTP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


LTC Properties Business Description

Industry Real EstateREITs
Address 3011 Townsgate Road, Suite 220, Westlake Village, CA, USA, 91361
LTC Properties Inc is a real estate investment trust. It invests in seniors housing and health care properties, mainly through ownership, sale-leasebacks, mortgage financing, joint ventures, construction financing, and structured finance solutions, including preferred equity, bridge, and mezzanine lending. The company's investment portfolio comprises several properties located throughout the USA, the majority of which are seniors housing and skilled nursing properties. The firm conducts and manages its business as two operating segments: Real Estate Investments, which generates maximum revenue, and SHOP.
88GF Score

Get the complete analysis for FRA:LTP

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€33.90
Price
€42.49
GF Value