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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Rental income $ 152,755,000    
Rental income   $ 135,405,000 $ 137,657,000
Interest income from mortgage loans 29,991,000 28,200,000 26,769,000
Interest and other income 2,558,000 5,040,000 3,639,000
Total revenues 185,304,000 168,645,000 168,065,000
Expenses:      
Interest expense 30,582,000 30,196,000 29,949,000
Depreciation and amortization 39,216,000 37,555,000 37,610,000
Impairment charges 0 0 1,880,000
Provision for (recovery of) doubtful accounts 166,000 87,000 (206,000)
Transaction costs 365,000 84,000 56,000
Property tax expense 16,755,000    
General and administrative expenses 18,453,000 19,193,000 17,513,000
Total expenses 105,537,000 87,115,000 86,802,000
Other operating income:      
Gain on sale of real estate, net 2,106,000 70,682,000 3,814,000
Operating income 81,873,000 152,212,000 85,077,000
Gain from property insurance proceeds 2,111,000    
Impairment loss from investments in unconsolidated joint ventures (5,500,000)    
Income from unconsolidated joint ventures 2,388,000 2,864,000 2,263,000
Net income 80,872,000 155,076,000 87,340,000
Income allocated to non-controlling interests (346,000) (95,000)  
Net income attributable to LTC Properties, Inc. 80,526,000 154,981,000 87,340,000
Income allocated to participating securities (391,000) (625,000) (362,000)
Net income available to common stockholders $ 80,135,000 $ 154,356,000 $ 86,978,000
Earnings per common share:      
Basic (in dollars per share) $ 2.03 $ 3.91 $ 2.21
Diluted (in dollars per share) $ 2.02 $ 3.89 $ 2.20
Weighted average shares used to calculate earnings per common share:      
Basic (in shares) 39,571 39,477 39,409
Diluted (in shares) 39,759 39,839 39,637
Comprehensive Income:      
Net income $ 80,872,000 $ 155,076,000 $ 87,340,000
Comprehensive income $ 80,872,000 $ 155,076,000 $ 87,340,000