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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Rental income $ 33,549 $ 31,735
Interest income from financing receivables 3,830 3,751
Interest income from mortgage loans 12,448 11,244
Interest and other income 1,539 2,770
Total revenues 51,366 49,500
Expenses:    
Interest expense 11,045 10,609
Depreciation and amortization 9,095 9,210
Impairment loss   434
Provision for credit losses 24 1,731
Transaction costs 266 117
Property tax expense 3,383 3,293
General and administrative expenses 6,491 6,294
Total expenses 30,304 31,688
Other operating income:    
Gain on sale of real estate, net 3,251 15,373
Operating income 24,313 33,185
Income from unconsolidated joint ventures 376 376
Net income 24,689 33,561
Income allocated to non-controlling interests (459) (427)
Net income attributable to LTC Properties, Inc. 24,230 33,134
Income allocated to participating securities (165) (205)
Net income available to common stockholders $ 24,065 $ 32,929
Earnings per common share:    
Basic (in dollars per share) $ 0.56 $ 0.80
Diluted (in dollars per share) $ 0.56 $ 0.80
Weighted average shares used to calculate earnings per common share:    
Basic (in shares) 42,891 41,082
Diluted (in shares) 43,032 41,189
Dividends declared and paid per common share (in dollars per share) $ 0.57 $ 0.57