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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Rental income $ 127,350 $ 128,244 $ 121,125
Interest income from financing receivables 15,243 1,762  
Interest income from mortgage loans 47,725 40,600 32,811
Interest and other income 6,926 4,547 1,386
Total revenues 197,244 175,153 155,322
Expenses:      
Interest expense 47,014 31,437 27,375
Depreciation and amortization 37,416 37,496 38,296
Impairment loss 15,775 3,422 0
Provision for credit losses 5,678 1,528 1,021
Transaction costs 1,144 828 4,433
Property tax expense 13,269 15,486 15,392
General and administrative expenses 24,286 23,706 21,460
Total expenses 144,582 113,903 107,977
Other operating income:      
Gain on sale of real estate, net 37,296 37,830 7,462
Operating income 89,958 99,080 54,807
Income from unconsolidated joint ventures 1,504 1,504 1,417
Net income 91,462 100,584 56,224
Income allocated to non-controlling interests (1,727) (560) (363)
Net income attributable to LTC Properties, Inc. 89,735 100,024 55,861
Income allocated to participating securities (587) (580) (458)
Net income available to common stockholders $ 89,148 $ 99,444 $ 55,403
Earnings per common share:      
Basic (in dollars per share) $ 2.16 $ 2.49 $ 1.41
Diluted (in dollars per share) $ 2.16 $ 2.48 $ 1.41
Weighted average shares used to calculate earnings per common share:      
Basic (in shares) 41,272 39,894 39,156
Diluted (in shares) 41,358 40,067 39,156