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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Rental income $ 28,024,000  
Rental income   $ 34,505,000
Interest income from mortgage loans 7,311,000 6,816,000
Interest and other income 521,000 489,000
Total revenues 35,856,000 41,810,000
Expenses:    
Recovery of written-off straight-line rent receivable (9,600,000)  
Interest expense 7,467,000 7,829,000
Depreciation and amortization 9,607,000 9,444,000
Provision for doubtful accounts 83,000 8,000
Transaction costs   4,000
Property tax expense 4,386,000  
General and administrative expenses 4,571,000 4,797,000
Total expenses 16,514,000 22,082,000
Operating income 19,342,000 19,728,000
Income from unconsolidated joint ventures 1,085,000 631,000
Net income 20,427,000 20,359,000
Income allocated to non-controlling interests (81,000)  
Net income attributable to LTC Properties, Inc. 20,346,000 20,359,000
Income allocated to participating securities (92,000) (88,000)
Net income available to common stockholders $ 20,254,000 $ 20,271,000
Earnings per common share:    
Basic (in dollars per share) $ 0.51 $ 0.51
Diluted (in dollars per share) $ 0.51 $ 0.51
Weighted average shares used to calculate earnings per common share:    
Basic (in shares) 39,532 39,451
Diluted (in shares) 39,874 39,454
Dividends declared and paid per common share (in dollars per share) $ 0.57 $ 0.57
Comprehensive Income:    
Net income $ 20,427,000 $ 20,359,000
Comprehensive income $ 20,427,000 $ 20,359,000