CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data	3 Months Ended				6 Months Ended
	Jun. 30, 2011		Jun. 30, 2010		Jun. 30, 2011		Jun. 30, 2010
Revenues:
Rental income	$ 19,337	[1]	$ 15,790	[1]	$ 37,517	[1]	$ 31,128	[1]
Interest income from mortgage loans	1,613		1,836		3,269		3,815
Interest and other income	230	[2]	299	[2]	647	[2]	574	[2]
Total revenues	21,180		17,925		41,433		35,517
Expenses:
Interest expense	1,543		419		2,647		820
Depreciation and amortization	4,943		3,880		9,400		7,608
(Recovery) provision for doubtful accounts	(4)		51		(14)		1,184
Acquisition costs	35		30		165		113
Operating and other expenses	2,327		1,872		4,651		3,504
Total expenses	8,844		6,252		16,849		13,229
Income from continuing operations	12,336		11,673		24,584		22,288
Discontinued operations:
Loss from discontinued operations	(74)		(43)		(168)		(88)
Net loss from discontinued operations	(74)		(43)		(168)		(88)
Net income	12,262		11,630		24,416		22,200
Income allocated to non-controlling interests	(48)		(48)		(96)		(96)
Net income attributable to LTC Properties, Inc.	12,214		11,582		24,320		22,104
Income allocated to participating securities	(85)		(58)		(174)		(101)
Income allocated to preferred stockholders	(818)		(3,785)		(7,442)		(7,570)
Net income available to common stockholders	$ 11,311		$ 7,739		$ 16,704		$ 14,433
Basic earnings per common share
Continuing operations (in dollars per share)	$ 0.38		$ 0.33		$ 0.60		$ 0.62
Discontinued operation (in dollars per share)	$ 0.00		$ 0.00		$ (0.01)		$ 0.00
Net income available to common stockholders (in dollars per share)	$ 0.38		$ 0.33		$ 0.59		$ 0.62
Diluted earnings per common share
Continuing operations (in dollars per share)	$ 0.38		$ 0.33		$ 0.60		$ 0.62
Discontinued operation (in dollars per share)	$ 0.00		$ 0.00		$ (0.01)		$ 0.00
Net income available to common stockholders (in dollars per share)	$ 0.37		$ 0.33		$ 0.59		$ 0.61
Weighted average shares used to calculate earnings per common share
Basic (in shares)	30,135		23,643		28,233		23,464
Diluted (in shares)	30,168		23,743		28,264		23,563

[1] During the three and six months ended June 30, 2011, we received $1,068 and $2,127, respectively, in rental income and recorded $57 and $123, respectively, in straight-line rental income from a lessee that qualifies as a related party. During the three and six months ended June 30, 2010, we received $1,042 and $2,076, respectively, in rental income and recorded $83 and $175, respectively, in straight-line rental income from a lessee that qualifies as a related party. The lessee's Chief Executive Officer is on our Board of Directors. See Note 9. Transactions with Related Party for further discussion.

[2] During each of the three and six months ended June 30, 2011 and 2010, we recognized $180 and $360, 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 9. Transactions with Related Party for further discussion.