Wendy Simpson, chairman and CEO of LTC Properties, Inc. (NYSE: LTC), participated in a video interview in conjunction with Nareit’s REITweek: 2022 Investor Conference in New York on June 7-9.
Simpson said LTC has steady growth, a very solid balance sheet, and never cuts its dividend.
She noted that the REIT’s portfolio is comprised of roughly 50% seniors housing and 50% skilled nursing properties because the company likes to have two different types of customers to transact business with.
“It’s good to have one fairly stable line of business during disruptions in the economy,” she said.
Simpson added that LTC has long been active in ESG initiatives without formal documentation, but officially established an ESG committee to oversee practices and performance in 2021. She said that women comprise two-thirds of LTC’s senior executives, 50% of its board, and 58% of its total employee base.
“We’re [now] working with our operators to document all the wonderful things that they have been doing through the years in energy savings,” Simpson said.