LTC PROPERTIES, INC.

• During the first quarter of 2024, LTC completed the following transactions:
  Completed the previously announced sale and re-lease process for 10 assisted living communities under the ALG Senior (“ALG”) master lease.
• LTC received proceeds of approximately $400,000, net of transaction costs, and anticipates recording a minimal gain on sale in the second quarter of 2024; and
  In April 2024, transitioned one of the properties located in Texas to an operator new to LTC.
• Subsequent to March 31, 2024, LTC completed the following transactions:
  As previously announced, originated a $12.7 million mortgage loan to Ignite Medical Resorts.
• As a condition of the amendment, HMG will repay $11.9 million on its $13.5 million working capital note during the 2024 second quarter.

• Five of these properties are expected to be sold for $1.6 million under an agreement signed subsequent to the end of 2023.
• One of the properties located in Texas was closed during 2023, and another is expected to be closed.
• Two of the properties located in Georgia and South Carolina were transitioned to an operator new to LTC subsequent to December 31, 2023.
• LTC received all 2023 contractual interest of $19.5 million due from Prestige after applying $3.4 million of its security.

LTC Properties, Inc. (NYSE: LTC), a real estate investment trust that invests in seniors housing and health care properties, today announced senior management will participate in Nareit’s REITWorld: 2023 Annual Conference November 14-16 in Los Angeles, California.

• Second quarter 2023 financial results were impacted by:
  Higher interest income from financing receivables due to the acquisition of 11 assisted living and memory care communities during 2023 first quarter, and three skilled nursing centers during the 2022 third quarter.
• During the second quarter of 2023, LTC completed the following transactions:
  As previously announced, contributed $45.0 million to a $54.1 million joint venture for the purchase of a 242-unit independent living, assisted living and memory care campus in Ohio.
• LTC deferred $600,000 in interest payments during the 2023 second quarter and deferred $300,000 in interest payments in July 2023;
  Provided $645,000 of abated rent during the 2023 second quarter and $215,000 of abated rent in July 2023 to the same operator for whom abated rent has been previously provided.
• LTC will conduct a conference call on Friday, July 28, 2023, at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time), to provide commentary on its performance and operating results for the quarter ended June 30, 2023.