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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Rental income $ 31,735 $ 30,324
Interest income from financing receivables 3,751  
Interest income from mortgage loans 11,244 9,636
Interest and other income 2,770 827
Total revenues 49,500 40,787
Expenses:    
Interest expense 10,609 7,143
Depreciation and amortization 9,210 9,438
Impairment loss 434  
Provision for credit losses 1,731 354
Transaction costs 117 32
Property tax expense 3,293 3,982
General and administrative expenses 6,294 5,808
Total expenses 31,688 26,757
Other operating income:    
Gain on sale of real estate, net 15,373 102
Operating income 33,185 14,132
Income from unconsolidated joint ventures 376 375
Net income 33,561 14,507
Income allocated to non-controlling interests (427) (95)
Net income attributable to LTC Properties, Inc. 33,134 14,412
Income allocated to participating securities (205) (137)
Net income available to common stockholders $ 32,929 $ 14,275
Earnings per common share:    
Basic (in dollars per share) $ 0.80 $ 0.36
Diluted (in dollars per share) $ 0.80 $ 0.36
Weighted average shares used to calculate earnings per common share:    
Basic (in shares) 41,082 39,199
Diluted (in shares) 41,189 39,349
Dividends declared and paid per common share (in dollars per share) $ 0.57 $ 0.57