Item 2.01 Completion of Acquisition or Disposition of Assets On September 29, 2025, LTC Properties, Inc. (the “ Company” or “ LTC”) completed an acquisition, consisting of five seniors housing communities totaling 520 units, in Wisconsin from local developers. The aggregate purchase price paid at closing was $195 million funded by utilizing the Company’s line of credit, proceeds from loan payoffs, and proceeds from sales of common stock under the Company’s ATM program. SIGNATURE Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. LTC PROPERTIES, INC. Dated: October 3, 2025 By: /s/ CAROLINE CHIKHALE Caroline Chikhale Executive Vice President, Chief Financial Officer and Treasurer