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Side-by-side financial comparison of LTC PROPERTIES INC (LTC) and RMR GROUP INC. (RMR). Click either name above to swap in a different company.

LTC PROPERTIES INC is the larger business by last-quarter revenue ($84.3M vs $66.7M, roughly 1.3× RMR GROUP INC.). LTC PROPERTIES INC runs the higher net margin — 123.0% vs 18.3%, a 104.7% gap on every dollar of revenue. On growth, LTC PROPERTIES INC posted the faster year-over-year revenue change (60.3% vs 40.8%).

LTC Properties Inc is a U.S.-based real estate investment trust (REIT) that owns, finances, and manages seniors housing and healthcare-related real estate assets. Its core portfolio includes assisted living facilities, skilled nursing properties, memory care centers, and independent living communities for senior care and healthcare service operators.

RMR Group Inc. is a U.S.-headquartered alternative asset management firm specializing in real estate and real estate-related investments. It operates across commercial property, residential real estate, and infrastructure segments, serving institutional investors, high-net-worth individuals, and retail clients across key global markets.

LTC vs RMR — Head-to-Head

Bigger by revenue
LTC
LTC
1.3× larger
LTC
$84.3M
$66.7M
RMR
Growing faster (revenue YoY)
LTC
LTC
+19.5% gap
LTC
60.3%
40.8%
RMR
Higher net margin
LTC
LTC
104.7% more per $
LTC
123.0%
18.3%
RMR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
LTC
LTC
RMR
RMR
Revenue
$84.3M
$66.7M
Net Profit
$103.7M
$12.2M
Gross Margin
Operating Margin
48.1%
Net Margin
123.0%
18.3%
Revenue YoY
60.3%
40.8%
Net Profit YoY
429.1%
91.1%
EPS (diluted)
$2.19
$0.71

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LTC
LTC
RMR
RMR
Q4 25
$84.3M
$66.7M
Q3 25
$69.3M
Q2 25
$60.2M
Q1 25
$49.0M
Q4 24
$52.6M
Q3 24
$55.8M
Q2 24
$50.1M
Q1 24
$51.4M
Net Profit
LTC
LTC
RMR
RMR
Q4 25
$103.7M
$12.2M
Q3 25
$-20.0M
Q2 25
$15.1M
Q1 25
$20.7M
Q4 24
$19.6M
Q3 24
$29.4M
Q2 24
$19.4M
Q1 24
$24.2M
Operating Margin
LTC
LTC
RMR
RMR
Q4 25
48.1%
Q3 25
71.9%
Q2 25
80.5%
Q1 25
37.8%
Q4 24
Q3 24
95.5%
Q2 24
38.0%
Q1 24
47.3%
Net Margin
LTC
LTC
RMR
RMR
Q4 25
123.0%
18.3%
Q3 25
-28.9%
Q2 25
25.1%
Q1 25
42.2%
Q4 24
37.3%
Q3 24
52.6%
Q2 24
38.6%
Q1 24
47.2%
EPS (diluted)
LTC
LTC
RMR
RMR
Q4 25
$2.19
$0.71
Q3 25
$-0.44
Q2 25
$0.32
Q1 25
$0.45
Q4 24
$0.38
Q3 24
$0.66
Q2 24
$0.44
Q1 24
$0.56

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LTC
LTC
RMR
RMR
Cash + ST InvestmentsLiquidity on hand
$14.4M
$49.3M
Total DebtLower is stronger
$842.2M
Stockholders' EquityBook value
$1.1B
$232.7M
Total Assets
$2.1B
$687.1M
Debt / EquityLower = less leverage
0.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LTC
LTC
RMR
RMR
Q4 25
$14.4M
$49.3M
Q3 25
$17.9M
Q2 25
$7.6M
Q1 25
$23.3M
Q4 24
$9.4M
Q3 24
$35.0M
Q2 24
$6.2M
Q1 24
$9.0M
Total Debt
LTC
LTC
RMR
RMR
Q4 25
$842.2M
Q3 25
$944.5M
Q2 25
$696.5M
Q1 25
$682.2M
Q4 24
$684.6M
Q3 24
$785.3M
Q2 24
$861.0M
Q1 24
$860.2M
Stockholders' Equity
LTC
LTC
RMR
RMR
Q4 25
$1.1B
$232.7M
Q3 25
$957.9M
Q2 25
$957.5M
Q1 25
$961.9M
Q4 24
$960.6M
Q3 24
$947.8M
Q2 24
$889.1M
Q1 24
$886.2M
Total Assets
LTC
LTC
RMR
RMR
Q4 25
$2.1B
$687.1M
Q3 25
$2.0B
Q2 25
$1.8B
Q1 25
$1.8B
Q4 24
$1.8B
Q3 24
$1.9B
Q2 24
$1.9B
Q1 24
$1.8B
Debt / Equity
LTC
LTC
RMR
RMR
Q4 25
0.78×
Q3 25
0.99×
Q2 25
0.73×
Q1 25
0.71×
Q4 24
0.71×
Q3 24
0.83×
Q2 24
0.97×
Q1 24
0.97×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LTC
LTC
RMR
RMR
Operating Cash FlowLast quarter
$136.0M
$10.7M
Free Cash FlowOCF − Capex
$128.7M
FCF MarginFCF / Revenue
152.7%
Capex IntensityCapex / Revenue
8.6%
Cash ConversionOCF / Net Profit
1.31×
0.88×
TTM Free Cash FlowTrailing 4 quarters
$220.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LTC
LTC
RMR
RMR
Q4 25
$136.0M
$10.7M
Q3 25
$38.4M
Q2 25
$30.0M
Q1 25
$29.6M
Q4 24
$125.9M
Q3 24
$34.0M
Q2 24
$37.0M
Q1 24
$21.1M
Free Cash Flow
LTC
LTC
RMR
RMR
Q4 25
$128.7M
Q3 25
$34.3M
Q2 25
$28.9M
Q1 25
$28.2M
Q4 24
$112.2M
Q3 24
$27.7M
Q2 24
$34.7M
Q1 24
$19.7M
FCF Margin
LTC
LTC
RMR
RMR
Q4 25
152.7%
Q3 25
49.4%
Q2 25
47.9%
Q1 25
57.6%
Q4 24
213.4%
Q3 24
49.7%
Q2 24
69.1%
Q1 24
38.4%
Capex Intensity
LTC
LTC
RMR
RMR
Q4 25
8.6%
Q3 25
6.0%
Q2 25
1.9%
Q1 25
2.7%
Q4 24
26.0%
Q3 24
11.2%
Q2 24
4.6%
Q1 24
2.6%
Cash Conversion
LTC
LTC
RMR
RMR
Q4 25
1.31×
0.88×
Q3 25
Q2 25
1.99×
Q1 25
1.43×
Q4 24
6.43×
Q3 24
1.16×
Q2 24
1.91×
Q1 24
0.87×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LTC
LTC

Seniors Housing Operating Portfolio Segment$72.1M86%
Other$12.2M14%

RMR
RMR

Management Service Incentive$23.6M35%
Industrial Logistics Properties Trust$15.1M23%
Managed Private Real Estate Capital$11.1M17%
Office Properties Income Trust$5.6M8%
Other Private Entities$5.3M8%
RMR Residential$3.4M5%
Sonesta International Hotels Corporation$2.1M3%
Investment Advisory Management And Administrative Service$1.2M2%

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