CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2012		Sep. 30, 2011		Sep. 30, 2012		Sep. 30, 2011
Revenues:
Rental income	$ 22,295	[1]	$ 19,620	[1]	$ 64,342	[1]	$ 57,139	[1]
Interest income from mortgage loans	1,398		1,582		4,361		4,851
Interest and other income	96	[2]	229	[2]	818	[2]	876	[2]
Total revenues	23,789		21,431		69,521		62,866
Expenses:
Interest expense	2,988		1,794		7,025		4,441
Depreciation and amortization	5,925		4,949		16,461		14,407
Acquisition costs	205		60		387		225
Operating and other expenses	2,167		2,180		7,115		6,879
Total expenses	11,285		8,983		30,988		25,952
Income from continuing operations	12,504		12,448		38,533		36,914
Discontinued operations:
Loss from discontinued operations			(25)				(75)
Gain on sale of assets, net					16
Net (loss) gain from discontinued operations			(25)		16		(75)
Net income	12,504		12,423		38,549		36,839
Income allocated to non-controlling interests	(9)		(48)		(30)		(144)
Net income attributable to LTC Properties, Inc.	12,495		12,375		38,519		36,695
Income allocated to participating securities	(94)		(85)		(279)		(259)
Income allocated to preferred stockholders	(818)		(818)		(2,454)		(8,260)
Net income available to common stockholders	$ 11,583		$ 11,472		$ 35,786		$ 28,176
Basic earnings per common share
Continuing operations (in dollars per share)	$ 0.38	[3]	$ 0.38	[3]	$ 1.18	[3]	$ 0.98	[3]
Discontinued operations (in dollars per share)	$ 0.00	[3]	$ 0.00	[3]	$ 0.00	[3]	$ 0.00	[3]
Net income available to common stockholders (in dollars per share)	$ 0.38	[3]	$ 0.38	[3]	$ 1.18	[3]	$ 0.98	[3]
Diluted earnings per common share
Continuing operations (in dollars per share)	$ 0.38	[3]	$ 0.38	[3]	$ 1.18	[3]	$ 0.98	[3]
Discontinued operations (in dollars per share)	$ 0.00	[3]	$ 0.00	[3]	$ 0.00	[3]	$ (0.01)	[3]
Net income available to common stockholders (in dollars per share)	$ 0.38	[3],[4]	$ 0.38	[3],[4]	$ 1.18	[3],[4]	$ 0.97	[3],[4]
Weighted average shares used to calculate earnings per common share
Basic (in shares)	30,253		30,137		30,219		28,874
Diluted (in shares)	30,293		30,156		30,263		28,902

[1] During the three and nine months ended September 30, 2012, we received $1,095 and $3,275, respectively, in rental income and recorded $31 and $101, respectively, in straight-line rental income from a lessee that qualifies as a related party. During the three and nine months ended September 30, 2011, we received $1,068 and $3,196, respectively, in rental income and recorded $57 and $181, 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 the three and nine months ended September 30, 2012, we recognized $0 and $235, 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. During three and nine months ended September 30, 2011, we recognized $180 and $540, 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.

[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.

[4] For the three and nine months ended September 30, 2012 and 2011, the Series C Cumulative Convertible Preferred Stock, the participating securities and the non-controlling interest have been excluded from the computation of diluted net income per share as such inclusion would be anti-dilutive.