-- SHOP Acquisitions Year-To-Date Reach Nearly $950 Million --

LTC Properties, Inc. (NYSE:LTC) ("LTC" or the "Company"), a real estate investment trust specializing in seniors housing and health care properties, today announced the $62 million acquisition of a community in its seniors housing operating portfolio ("SHOP"), surpassing its $900 million 2026 mid-point acquisition guidance and adding a new SHOP operator.

Acquisition Highlights:

• $62 million acquisition; 117-unit assisted living and memory care community in Florida; built in 2016.
• Grace Management, Inc. ("Grace") a tenured operator new to LTC, will continue to manage the community.
• Expected year-one cap rate of 6.5%; anticipated unlevered IRR in the low- to mid-teens.

Funding: Proceeds from the Company’s revolving line of credit and ATM sales.

SHOP Highlights:

• 50 communities with an average age of nine years; managed by 14 operators, including 12 new relationships.
• 60% of portfolio located in primary markets as designated by NIC.
• Contributing 45% of the Company's pro forma annualized net operating income ("NOI").
• Year-to-date, LTC has completed nearly $950 million in SHOP acquisitions, surpassing its $900 million mid-point 2026 investment guidance.

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