Equity (Tables)

3 Months Ended

Mar. 31, 2013

Equity

Schedule of allocation of equity between controlling and non-controlling interests

Equity is allocated between controlling and non-controlling interests as follows (in thousands):

	LTC Properties, Inc. Stockholders’ Equity	Non-controlling Interest	Total Equity
Balance at December 31, 2012	$463,101	$7	$463,108
Net income	12,976	—	12,976
Issue common stock	4,293	—	4,293
Vested restricted common stock	985	—	985
Stock option exercise	523	—	523
Reclassification adjustment	(9)	—	(9	)
Non-controlling interest preferred return	—	(7)	(7	)
Preferred stock dividends	(818)	—	(818	)
Common stock dividends	(14,217)	—	(14,217	)
Other	(23)		(23	)
Balance at March 31, 2013	$466,811	$—	$466,811

Schedule of change from net income attributable to us and transfers from non-controlling interest

The following table represents the change from net income attributable to us and transfers from non-controlling interest (in thousands):

	Three months ended  March 31,
	2013	2012
Net income attributable to LTC Properties, Inc.	$12,976	$12,921
Transfers from the non-controlling interest
Decrease in paid-in capital for limited partners conversion	—	(1,246)
Change from net income attributable to LTC Properties, Inc. and transfers from non-controlling interest	$12,976	$11,675

Schedule of cash dividends declared and paid

We declared and paid the following cash dividends (in thousands):

	Three months ended March 31, 2013		Three months ended March 31, 2012
	Declared	Paid	Declared	Paid
Preferred Stock
Series C	$     818	$     818	$     818	$     818
Total Preferred	818	818	818	818
Common Stock (1)	14,217	14,217	13,226	13,226
Total	$15,035	$15,035	$14,044	$14,044

(1) Represents $0.155 per share per month and $0.145 per share per month for the three months ended March 31, 2013 and 2012, respectively.