$1.56B Market Cap.
LTC Market Cap. (MRY)
LTC Shares Outstanding (MRY)
LTC Assets (MRY)
Total Assets
$1.79B
Total Liabilities
$733.14M
Total Investments
$748.29M
LTC Income (MRY)
Revenue
$209.85M
Net Income
$91.04M
Operating Expense
$85.05M
LTC Cash Flow (MRY)
CF Operations
$125.17M
CF Investing
$90.68M
CF Financing
-$226.72M
LTC Dividends (MRY)
Period | Dividends | Yield % | Growth % | Payout Ratio | Coverage Ratio |
|---|---|---|---|---|---|
2024 | $2.09 | 6.00% | -8.33% | 100.97% | 0.99 |
2023 | $2.28 | 7.10% | 0.00% | 105.56% | 0.95 |
2022 | $2.28 | 6.40% | 0.00% | 91.57% | 1.09 |
2021 | $2.28 | 6.70% | 0.00% | 161.70% | 0.62 |
2020 | $2.28 | 5.90% | - | 94.21% | 1.06 |
LTC Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $1,786,142,000 (-3.72%) | $1,855,098,000 (12.02%) | $1,656,103,000 (10.05%) | $1,504,825,000 (3.11%) |
Assets Current | - | - | - | - |
Assets Non-Current | - | - | - | - |
Goodwill & Intangible Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Shareholders Equity | $960,627,000 (9.00%) | $881,279,000 (6.39%) | $828,367,000 (12.44%) | $736,714,000 (-4.00%) |
Property Plant & Equipment Net | $925,848,000 (-6.29%) | $987,965,000 (-3.07%) | $1,019,218,000 (-1.42%) | $1,033,951,000 (-6.21%) |
Cash & Equivalents | $9,414,000 (-53.59%) | $20,286,000 (95.45%) | $10,379,000 (101.10%) | $5,161,000 (-33.59%) |
Accumulated Other Comprehensive Income | $3,815,000 (-37.56%) | $6,110,000 (-29.92%) | $8,719,000 (5169.19%) | -$172,000 (0%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $748,292,000 (-0.64%) | $753,128,000 (38.58%) | $543,450,000 (38.59%) | $392,119,000 (38.53%) |
Investments Current | - | - | - | - |
Investments Non-Current | - | - | - | - |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $21,505,000 (9.57%) | $19,626,000 (-10.17%) | $21,847,000 (-9.52%) | $24,146,000 (-1.25%) |
Trade & Non-Trade Payables | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Accumulated Retained Earnings (Deficit) | -$126,407,000 (-8.12%) | -$116,917,000 (-4.49%) | -$111,888,000 (7.07%) | -$120,403,000 (-40.38%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $684,600,000 (-23.19%) | $891,317,000 (16.08%) | $767,854,000 (6.25%) | $722,719,000 (11.29%) |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | $733,137,000 (-21.91%) | $938,831,000 (16.51%) | $805,796,000 (6.07%) | $759,698,000 (11.12%) |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
LTC Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $209,847,000 (6.39%) | $197,244,000 (12.61%) | $175,153,000 (12.77%) | $155,322,000 (-2.52%) |
Cost of Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Selling General & Administrative Expense | $27,243,000 (12.18%) | $24,286,000 (2.45%) | $23,706,000 (10.47%) | $21,460,000 (8.88%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $85,053,000 (-12.83%) | $97,568,000 (20.55%) | $80,938,000 (1.71%) | $79,581,000 (1.87%) |
Interest Expense | $40,336,000 (-14.20%) | $47,014,000 (49.55%) | $31,437,000 (14.84%) | $27,375,000 (-7.84%) |
Income Tax Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $94,879,000 (3.74%) | $91,462,000 (-9.07%) | $100,584,000 (78.90%) | $56,224,000 (-41.24%) |
Net Income to Non-Controlling Interests | $3,839,000 (122.29%) | $1,727,000 (208.39%) | $560,000 (54.27%) | $363,000 (-5.47%) |
Net Income | $91,040,000 (1.45%) | $89,735,000 (-10.29%) | $100,024,000 (79.06%) | $55,861,000 (-41.38%) |
Preferred Dividends Income Statement Impact | $682,000 (16.18%) | $587,000 (1.21%) | $580,000 (26.64%) | $458,000 (8.53%) |
Net Income Common Stock | $90,358,000 (1.36%) | $89,148,000 (-10.35%) | $99,444,000 (79.49%) | $55,403,000 (-41.60%) |
Weighted Average Shares | $43,743,000 (5.99%) | $41,272,000 (3.45%) | $39,894,000 (1.88%) | $39,156,000 (-0.06%) |
Weighted Average Shares Diluted | $44,241,000 (6.97%) | $41,358,000 (3.22%) | $40,067,000 (2.33%) | $39,156,000 (-0.28%) |
Earning Before Interest & Taxes (EBIT) | $131,376,000 (-3.93%) | $136,749,000 (4.02%) | $131,461,000 (57.94%) | $83,236,000 (-33.41%) |
Gross Profit | $209,847,000 (6.39%) | $197,244,000 (12.61%) | $175,153,000 (12.77%) | $155,322,000 (-2.52%) |
Operating Income | $124,794,000 (25.20%) | $99,676,000 (5.80%) | $94,215,000 (24.39%) | $75,741,000 (-6.74%) |
LTC Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | $90,680,000 (151.84%) | -$174,912,000 (-45.82%) | -$119,949,000 (-71.88%) | -$69,786,000 (-258.85%) |
Net Cash Flow from Financing | -$226,724,000 (-381.94%) | $80,416,000 (310.68%) | $19,581,000 (181.56%) | -$24,009,000 (84.66%) |
Net Cash Flow from Operations | $125,172,000 (19.89%) | $104,403,000 (-1.12%) | $105,586,000 (15.79%) | $91,184,000 (-21.46%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$10,872,000 (-209.74%) | $9,907,000 (89.86%) | $5,218,000 (299.85%) | -$2,611,000 (-174.01%) |
Net Cash Flow - Business Acquisitions and Disposals | -$11,262,000 (0%) | $0 (0%) | $0 (0%) | -$5,676,000 (-160.85%) |
Net Cash Flow - Investment Acquisitions and Disposals | $77,069,000 (141.05%) | -$187,741,000 (-42.60%) | -$131,653,000 (-29.79%) | -$101,439,000 (-1127200.00%) |
Capital Expenditure | $24,873,000 (93.88%) | $12,829,000 (9.61%) | $11,704,000 (-68.65%) | $37,329,000 (6.81%) |
Issuance (Repayment) of Debt Securities | -$207,060,000 (-268.22%) | $123,090,000 (167.94%) | $45,940,000 (-37.78%) | $73,840,000 (267.21%) |
Issuance (Purchase) of Equity Shares | $83,107,000 (54.54%) | $53,777,000 (-21.10%) | $68,156,000 (0%) | $0 (0%) |
Payment of Dividends & Other Cash Distributions | -$100,530,000 (-6.08%) | -$94,764,000 (-3.56%) | -$91,509,000 (-1.12%) | -$90,494,000 (-0.26%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $9,052,000 (6.73%) | $8,481,000 (6.49%) | $7,964,000 (2.63%) | $7,760,000 (10.67%) |
Depreciation Amortization & Accretion | $36,367,000 (-2.80%) | $37,416,000 (-0.21%) | $37,496,000 (-2.09%) | $38,296,000 (-1.98%) |
LTC Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) |
Profit Margin | 43.10% (-4.65%) | 45.20% (-20.42%) | 56.80% (59.10%) | 35.70% (-40.00%) |
EBITDA Margin | 79.90% (-9.51%) | 88.30% (-8.50%) | 96.50% (23.40%) | 78.20% (-24.08%) |
Return on Average Equity (ROAE) | 9.80% (-7.55%) | 10.60% (-15.87%) | 12.60% (70.27%) | 7.40% (-39.34%) |
Return on Average Assets (ROAA) | 4.90% (2.08%) | 4.80% (-22.58%) | 6.20% (63.16%) | 3.80% (-40.63%) |
Return on Sales (ROS) | 62.60% (-9.67%) | 69.30% (-7.72%) | 75.10% (40.11%) | 53.60% (-31.63%) |
Return on Invested Capital (ROIC) | 5.00% (0.00%) | 5.00% (-10.71%) | 5.60% (40.00%) | 4.00% (-31.03%) |
Dividend Yield | 6.00% (-15.49%) | 7.10% (10.94%) | 6.40% (-4.48%) | 6.70% (13.56%) |
Price to Earnings Ratio (P/E) | 16.69 (12.25%) | 14.87 (4.21%) | 14.27 (-41.07%) | 24.21 (50.59%) |
Price to Sales Ratio (P/S) | 7.2 (7.16%) | 6.72 (-16.95%) | 8.09 (-5.97%) | 8.61 (-10.03%) |
Price to Book Ratio (P/B) | 1.63 (7.89%) | 1.51 (-13.13%) | 1.74 (-4.82%) | 1.82 (-8.29%) |
Debt to Equity Ratio (D/E) | 0.76 (-28.36%) | 1.06 (9.46%) | 0.97 (-5.63%) | 1.03 (15.71%) |
Earnings Per Share (EPS) | 2.07 (-4.17%) | 2.16 (-13.25%) | 2.49 (76.60%) | 1.41 (-41.74%) |
Sales Per Share (SPS) | 4.8 (0.38%) | 4.78 (8.86%) | 4.39 (10.66%) | 3.97 (-2.46%) |
Free Cash Flow Per Share (FCFPS) | 3.43 (20.77%) | 2.84 (-3.40%) | 2.94 (-10.42%) | 3.28 (-14.86%) |
Book Value Per Share (BVPS) | 21.96 (2.85%) | 21.35 (2.84%) | 20.76 (10.36%) | 18.82 (-3.94%) |
Tangible Assets Book Value Per Share (TABVPS) | 40.83 (-9.16%) | 44.95 (8.27%) | 41.51 (8.02%) | 38.43 (3.17%) |
Enterprise Value Over EBIT (EV/EBIT) | 18 (5.88%) | 17 (0.00%) | 17 (-29.17%) | 24 (41.18%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 13.79 (5.60%) | 13.06 (-0.87%) | 13.18 (-18.32%) | 16.13 (22.05%) |
Asset Turnover | 0.11 (6.54%) | 0.11 (-1.83%) | 0.11 (1.87%) | 0.11 (0.00%) |
Current Ratio | - | - | - | - |
Dividends | $2.09 (-8.33%) | $2.28 (0.00%) | $2.28 (0.00%) | $2.28 (0.00%) |
Free Cash Flow (FCF) | $150,045,000 (27.99%) | $117,232,000 (-0.05%) | $117,290,000 (-8.73%) | $128,513,000 (-14.92%) |
Enterprise Value (EV) | $2,314,042,051 (1.71%) | $2,275,064,579 (2.18%) | $2,226,418,224 (13.56%) | $1,960,599,862 (-9.59%) |
Earnings Before Tax (EBT) | $91,040,000 (1.45%) | $89,735,000 (-10.29%) | $100,024,000 (79.06%) | $55,861,000 (-41.38%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $167,743,000 (-3.69%) | $174,165,000 (3.08%) | $168,957,000 (39.02%) | $121,532,000 (-25.93%) |
Invested Capital | $2,461,328,000 (-9.71%) | $2,726,129,000 (12.95%) | $2,413,578,000 (8.60%) | $2,222,383,000 (5.77%) |
Working Capital | - | - | - | - |
Tangible Asset Value | $1,786,142,000 (-3.72%) | $1,855,098,000 (12.02%) | $1,656,103,000 (10.05%) | $1,504,825,000 (3.11%) |
Market Capitalization | $1,563,759,051 (17.56%) | $1,330,143,579 (-7.57%) | $1,439,135,224 (7.06%) | $1,344,229,862 (-11.96%) |
Average Equity | $920,958,500 (9.31%) | $842,544,250 (6.36%) | $792,194,250 (5.92%) | $747,893,500 (-3.94%) |
Average Assets | $1,841,722,500 (-0.18%) | $1,845,014,750 (14.91%) | $1,605,598,000 (10.17%) | $1,457,422,000 (-2.38%) |
Invested Capital Average | $2,624,597,750 (-4.89%) | $2,759,470,250 (16.75%) | $2,363,501,500 (12.18%) | $2,106,895,250 (-1.46%) |
Shares | 45,260,754 (9.29%) | 41,411,693 (2.24%) | 40,504,791 (2.87%) | 39,374,044 (0.34%) |
