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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Rental income $ 121,125,000 $ 126,094,000 $ 152,755,000
Interest income from mortgage loans 32,811,000 31,396,000 29,991,000
Interest and other income 1,386,000 1,847,000 2,558,000
Total revenues 155,322,000 159,337,000 185,304,000
Expenses:      
Interest expense 27,375,000 29,705,000 30,582,000
Depreciation and amortization 38,296,000 39,071,000 39,216,000
Impairment charges 0 3,977,000 0
Provision (recovery) for credit losses 1,021,000 (3,000) 166,000
Transaction costs 4,433,000 299,000 365,000
Property tax expense 15,392,000 15,065,000 16,755,000
General and administrative expenses 21,460,000 19,710,000 18,453,000
Total expenses 107,977,000 107,824,000 105,537,000
Other operating income:      
Gain on sale of real estate, net 7,462,000 44,117,000 2,106,000
Operating income 54,807,000 95,630,000 81,873,000
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 1,417,000 432,000 2,388,000
Net income 56,224,000 95,677,000 80,872,000
Income allocated to non-controlling interests (363,000) (384,000) (346,000)
Net income attributable to LTC Properties, Inc. 55,861,000 95,293,000 80,526,000
Income allocated to participating securities (458,000) (422,000) (391,000)
Net income available to common stockholders $ 55,403,000 $ 94,871,000 $ 80,135,000
Earnings per common share:      
Basic (in dollars per share) $ 1.41 $ 2.42 $ 2.03
Diluted (in dollars per share) $ 1.41 $ 2.42 $ 2.02
Weighted average shares used to calculate earnings per common share:      
Basic (in shares) 39,156 39,179 39,571
Diluted (in shares) 39,156 39,264 39,759
Comprehensive Income:      
Net income $ 56,224,000 $ 95,677,000 $ 80,872,000