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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues:    
Rental income $ 24,511 [1] $ 20,872 [1]
Interest income from mortgage loans 1,059 1,532
Interest and other income 93 [2] 236 [2]
Total revenues 25,663 22,640
Expenses:    
Interest expense 3,133 2,033
Depreciation and amortization 6,136 5,167
General and administrative expenses 3,418 2,524
Total expenses 12,687 9,724
Income from continuing operations 12,976 12,916
Discontinued operations:    
Gain on sale of assets, net   16
Net income from discontinued operations   16
Net income 12,976 12,932
Income allocated to non-controlling interests   (11)
Net income attributable to LTC Properties, Inc. 12,976 12,921
Income allocated to participating securities (98) (94)
Income allocated to preferred stockholders (818) (818)
Net income available to common stockholders $ 12,060 $ 12,009
Basic earnings per common share    
Continuing operations (in dollars per share) $ 0.40 $ 0.40
Discontinued operations (in dollars per share) $ 0.00 $ 0.00
Net income available to common stockholders (in dollars per share) $ 0.40 $ 0.40
Diluted earnings per common share    
Continuing operations (in dollars per share) $ 0.40 $ 0.40
Discontinued operations (in dollars per share) $ 0.00 $ 0.00
Net income available to common stockholders (in dollars per share) $ 0.40 $ 0.40
Weighted average shares used to calculate earnings per common share    
Basic (in shares) 30,365 30,189
Diluted (in shares) 30,399 30,234
[1] During the three months ended March 31, 2013 and 2012, we received $1,113 and $1,086, respectively, in rental income and recorded $12 and $39, 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 months ended March 31, 2013 and 2012, we recognized $0 and $180 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.