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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Rental income $ 87,573 [1] $ 77,643 [1] $ 64,952 [1]
Interest income from mortgage loans 5,496 6,411 7,482
Interest and other income 964 [2] 1,111 [2] 1,868 [2]
Total revenues 94,033 85,165 74,302
Expenses:      
Interest expense 9,932 6,434 2,653
Depreciation and amortization 22,153 19,524 15,853
Acquisition costs 608 393 370
General and administrative expenses 10,029 9,272 9,831
Total expenses 42,722 35,623 28,707
Income from continuing operations 51,311 49,542 45,595
Discontinued operations:      
(Loss) income from discontinued operations   (99) 148
Gain on sale of assets, net 16   310
Net income (loss) from discontinued operations 16 (99) 458
Net income 51,327 49,443 46,053
Income allocated to non-controlling interests (37) (191) (191)
Net income attributable to LTC Properties, Inc. 51,290 49,252 45,862
Income allocated to participating securities (377) (342) (230)
Income allocated to preferred stockholders (3,273) (9,078) (16,045)
Net income available to common stockholders $ 47,640 $ 39,832 $ 29,587
Basic earnings per common share:      
Continuing operations (in dollars per share) $ 1.58 [3] $ 1.37 [3] $ 1.19 [3]
Discontinued operations (in dollars per share) $ 0.00 [3] $ 0.00 [3] $ 0.02 [3]
Net income available to common stockholders (in dollars per share) $ 1.58 [3] $ 1.36 [3] $ 1.21 [3]
Diluted earnings per common share:      
Continuing operations (in dollars per share) $ 1.57 [3] $ 1.37 [3] $ 1.19 [3]
Discontinued operations (in dollars per share) $ 0.00 [3] $ (0.01) [3] $ 0.02 [3]
Net income available to common stockholders (in dollars per share) $ 1.57 [3] $ 1.36 [3] $ 1.21 [3]
Weighted average shares used to calculate earnings per common share:      
Basic (in shares) 30,238 29,194 24,495
Diluted (in shares) 30,278 29,222 24,568
[1] During 2012, 2011 and 2010, we received $4,370, $4,264, and $4,160, respectively, in rental income and recorded $131, $238 and $342, respectively, in straight-line rental income from a lessee that qualifies as a related party because the lessee's Chief Executive Officer is on our Board of Directors. See Note 12. Transactions with Related Party for further discussion.
[2] During 2012, 2011 and 2010 we recognized $235, $721, and $720, respectively, of interest income from an entity that qualifies as a related party because the entity's Chief Executive Officer is on our Board of Directors. See Note 12. Transactions with Related Party for further discussion.
[3] NOTE: Computations of per share amounts from continuing operations, discontinued operations and net income are made independently. Therefore, the sum of per share amounts from continuing operations and discontinued operations may not agree with the per share amounts from net income available to common stockholders.