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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Rental income $ 38,277   $ 75,901  
Rental income   $ 33,930   $ 68,435
Interest income from mortgage loans 7,351 7,007 14,662 13,823
Interest and other income 638 535 1,159 1,024
Total revenues 46,266 41,472 91,722 83,282
Expenses:        
Interest expense 7,710 7,655 15,177 15,484
Depreciation and amortization 9,860 9,268 19,467 18,712
Provision (recovery) for doubtful accounts 84 (38) 167 (30)
Transaction costs 200 6 200 10
Property tax expense 3,910   8,296  
General and administrative expenses 4,596 4,716 9,167 9,513
Total expenses 26,360 21,607 52,474 43,689
Other operating income:        
Gain on sale of real estate, net 500 48,345 500 48,345
Operating income 20,406 68,210 39,748 87,938
Income from unconsolidated joint ventures 128 726 1,213 1,357
Net income 20,534 68,936 40,961 89,295
Income allocated to non-controlling interests (88)   (169)  
Net income attributable to LTC Properties, Inc. 20,446 68,936 40,792 89,295
Income allocated to participating securities (94) (278) (186) (366)
Net income available to common stockholders $ 20,352 $ 68,658 $ 40,606 $ 88,929
Earnings per common share:        
Basic (in dollars per share) $ 0.51 $ 1.74 $ 1.03 $ 2.25
Diluted (in dollars per share) $ 0.51 $ 1.73 $ 1.02 $ 2.25
Weighted average shares used to calculate earnings per common share:        
Basic (in shares) 39,577 39,471 39,555 39,461
Diluted (in shares) 39,769 39,765 39,747 39,750
Dividends declared and paid per common share (in dollars per share) $ 0.57 $ 0.57 $ 1.14 $ 1.14
Comprehensive Income:        
Net income $ 20,534 $ 68,936 $ 40,961 $ 89,295
Comprehensive income $ 20,534 $ 68,936 $ 40,961 $ 89,295