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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Rental income $ 30,324 $ 31,973
Interest income from mortgage loans 9,636 7,922
Interest and other income 827 385
Total revenues 40,787 40,280
Expenses:    
Interest expense 7,143 6,972
Depreciation and amortization 9,438 9,877
Provision (recovery) for credit losses 354 (9)
Transaction costs 32 92
Property tax expense 3,982 3,981
General and administrative expenses 5,808 5,033
Total expenses 26,757 25,946
Other operating income:    
Gain (loss) on sale of real estate, net 102 (773)
Operating income 14,132 13,561
Income from unconsolidated joint ventures 375 289
Net income 14,507 13,850
Income allocated to non-controlling interests (95) (88)
Net income attributable to LTC Properties, Inc. 14,412 13,762
Income allocated to participating securities (137) (120)
Net income available to common stockholders $ 14,275 $ 13,642
Weighted average shares used to calculate earnings per common share:    
Basic (in shares) 39,199 39,100
Diluted (in shares) 39,349 39,179
Dividends declared and paid per common share (in dollars per share) $ 0.57 $ 0.57