XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Investments:    
Land $ 124,665,000 $ 123,239,000
Buildings and improvements 1,270,722,000 1,285,318,000
Accumulated depreciation and amortization (379,915,000) (374,606,000)
Operating real estate property, net 1,015,472,000 1,033,951,000
Properties held-for-sale, net of accumulated depreciation: 2022-$2,305; 2021-$0 10,710,000  
Operating real estate property, net 1,026,182,000 1,033,951,000
Financing receivable, net of credit loss reserve: 2022-$760; 2021-$0 75,507,000  
Real estate investments, net 1,484,695,000 1,378,393,000
Mortgage loans receivable, net of credit loss reserve: 2022-$3,862; 2021-$3,473 383,006,000 344,442,000
Notes receivable, net of credit loss reserve: 2022-$590; 2021-$286 58,424,000 28,337,000
Investments in unconsolidated joint ventures 19,340,000 19,340,000
Investments, net 1,562,459,000 1,426,070,000
Other assets:    
Cash and cash equivalents 6,478,000 5,161,000
Debt issue costs related to revolving line of credit 2,480,000 3,057,000
Interest receivable 44,290,000 39,522,000
Straight-line rent receivable 22,253,000 24,146,000
Lease incentives 2,001,000 2,678,000
Prepaid expenses and other assets 12,004,000 4,191,000
Total assets 1,651,965,000 1,504,825,000
LIABILITIES    
Revolving line of credit 151,000,000 110,900,000
Term loans, net of debt issue costs: 2022-$526; 2021-$637 99,474,000 99,363,000
Senior unsecured notes, net of debt issue costs: 2022-$1,533; 2021-$524 543,287,000 512,456,000
Accrued interest 3,120,000 3,745,000
Accrued expenses and other liabilities 29,915,000 33,234,000
Total liabilities 826,796,000 759,698,000
Stockholders' equity:    
Common stock: $0.01 par value; 60,000 shares authorized; shares issued and outstanding: 2022-40,505; 2021-39,374 404,000 394,000
Capital in excess of par value 899,921,000 856,895,000
Cumulative net income 1,526,721,000 1,444,636,000
Accumulated other comprehensive income (loss) 9,445,000 (172,000)
Cumulative distributions (1,633,241,000) (1,565,039,000)
Total LTC Properties, Inc. stockholders' equity 803,250,000 736,714,000
Non-controlling interests 21,919,000 8,413,000
Total equity 825,169,000 745,127,000
Total liabilities and equity $ 1,651,965,000 $ 1,504,825,000