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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Rental income $ 126,094,000 $ 152,755,000 $ 135,405,000
Interest income from mortgage loans 31,396,000 29,991,000 28,200,000
Interest and other income 1,847,000 2,558,000 5,040,000
Total revenues 159,337,000 185,304,000 168,645,000
Expenses:      
Interest expense 29,705,000 30,582,000 30,196,000
Depreciation and amortization 39,071,000 39,216,000 37,555,000
Impairment charges 3,977,000 0 0
(Recovery) provision for doubtful accounts (3,000) 166,000 87,000
Transaction costs 299,000 365,000 84,000
Property tax expense 15,065,000 16,755,000  
General and administrative expenses 19,710,000 18,453,000 19,193,000
Total expenses 107,824,000 105,537,000 87,115,000
Other operating income:      
Gain on sale of real estate, net 44,117,000 2,106,000 70,682,000
Operating income 95,630,000 81,873,000 152,212,000
Gain from property insurance proceeds 373,000 2,111,000  
Loss on unconsolidated joint ventures (758,000)    
Impairment loss from investments in unconsolidated joint ventures   5,500,000  
Income from unconsolidated joint ventures 432,000 2,388,000 2,864,000
Net income 95,677,000 80,872,000 155,076,000
Income allocated to non-controlling interests (384,000) (346,000) (95,000)
Net income attributable to LTC Properties, Inc. 95,293,000 80,526,000 154,981,000
Income allocated to participating securities (422,000) (391,000) (625,000)
Net income available to common stockholders $ 94,871,000 $ 80,135,000 $ 154,356,000
Earnings per common share:      
Basic (in dollars per share) $ 2.42 $ 2.03 $ 3.91
Diluted (in dollars per share) $ 2.42 $ 2.02 $ 3.89
Weighted average shares used to calculate earnings per common share:      
Basic (in shares) 39,179 39,571 39,477
Diluted (in shares) 39,264 39,759 39,839
Comprehensive Income:      
Net income $ 95,677,000 $ 80,872,000 $ 155,076,000
Comprehensive income $ 95,677,000 $ 80,872,000 $ 155,076,000