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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Rental income $ 113,080 $ 101,849 $ 98,166
Interest income from mortgage loans 22,119 16,553 6,298
Interest and other income 1,004 559 510
Total revenues 136,203 118,961 104,974
Expenses:      
Interest expense 17,497 13,128 11,364
Depreciation and amortization 29,431 25,529 24,389
Impairment on real estate 2,250    
Provision for doubtful accounts 619 32 2,180
Acquisition costs 614 152 96
General and administrative expenses 15,116 11,680 11,540
Total expenses 65,527 50,521 49,569
Operating income 70,676 68,440 55,405
Income from unconsolidated joint venture 1,819    
Gain on sale of real estate, net 586 4,959  
Income from continuing operations 73,081 73,399 55,405
Discontinued operations:      
Income from discontinued operations     805
Gain on sale of real estate, net     1,605
Net income from discontinued operations     2,410
Net income 73,081 73,399 57,815
Net income attributable to LTC Properties, Inc. 73,081 73,399 57,815
Income allocated to participating securities (484) (481) (383)
Income allocated to preferred stockholders (2,454) (3,273) (3,273)
Net income available to common stockholders $ 70,143 $ 69,645 $ 54,159
Basic earnings per common share      
Continuing operations (in dollars per share) $ 1.97 $ 2.01 $ 1.56
Discontinued operations (in dollars per share)     0.07
Net income available to common stockholders 1.97 2.01 1.64
Diluted earnings per common share      
Continuing operations (in dollars per share) 1.94 1.99 1.56
Discontinued operations (in dollars per share)     0.07
Net income available to common stockholders $ 1.94 $ 1.99 $ 1.63
Weighted average shares used to calculate earnings per common share      
Basic (in shares) 35,590 34,617 33,111
Diluted (in shares) 37,329 36,640 33,142