LTC Properties Inc. reported first quarter funds from operations in-line with Wall Street expectations, while the company saw strong growth in revenue from loan originations and acquisitions. The Westlake Village real estate investment trust reported FFO of $22.4 million (63 cents a share) for the quarter ended March 31, compared to $18.2 million (59 cents) for the same period last year. Revenue rose nearly 15 percent to $29.4 million. Analysts on average expected FFO of 64 cents a share on revenue of $26.4 million, according to Thomson Financial Network. Funds from operations is a key REIT metric that adds amortization and appreciation back into net income to get a better picture of cash flow. The company reported net income of $16.1 million (46 cents), compared to $12.1 million (40 cents) for the same period in 2013. The company attributed the increase in FFO and net income to higher revenue from mortgage loan originations, acquisitions and completed property developments LTC had 227 investments located in 30 states, comprised of 101 skilled nursing properties, 106 assisted living properties, 9 range of care properties, two schools, five parcels of land under development and four parcels of land held-for-use, as of March 31. Shares closed down 2 cents, or a fraction of a percent, to $39.26 on the New York Stock Exchange. A subsidiary of Teledyne Technologies Inc. received on Tuesday a four-year contract valued up to $17.6 million for upgrading flight hardware and technology used in power systems for deep space missions. The contract between Teledyne Energy Systems Inc., in Hunt Valley, Md., and the Jet Propulsion Laboratory, in LaCanada-Flintridge, continues one the company received last year. Teledyne Energy is a subsidiary of Thousand Oaks-based Teledyne Technologies Inc. Teledyne Energy will provide services to make components that JPL can use in an enhanced nuclear-powered generator for deep space missions. A similar generator powers the rover Curiosity that landed on Mars in 2012. “The new thermoelectric materials in the (enhanced generator) should enable the next evolutionary step providing more capability to future space missions,” said Teledyne Technologies Chairman and Chief Executive Robert Mehrabian in a prepared statement. Shares closed down 78 cents, or less than 1 percent, to $94 on the New York Stock Exchange. Conversant reported on Tuesday that its net income nearly doubled since last year, mostly as a result of its acquisition of online video technology company SET Media. The Westlake Village company, which runs affiliate website marketing programs, reported net income of $54.5 million (79 cents a share) for the quarter ended March 31, compared to $26.3 million (34 cents) for the same period a year earlier. Revenue increased 8 percent to $146 million. Analysts on average expected net income of 39 cents a share on revenue of $142 million, according to Thomson Financial Network. “Our recent acquisition of digital video technology company SET Media further strengthens our personalization capabilities and accelerates our investment in the high-growth video advertising market,” said Chief Executive John Giuliani, in a statement. Conversant released its quarterly results after the market closed on Tuesday. Previously, shares closed up 3 cents, or a fraction of a percent, to $25.12 on the Nasdaq.