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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Rental income $ 132,278 $ 127,350 $ 128,244
Interest income from financing receivables 21,663 15,243 1,762
Interest income from mortgage loans 45,216 47,725 40,600
Interest and other income 10,690 6,926 4,547
Total revenues 209,847 197,244 175,153
Expenses:      
Interest expense 40,336 47,014 31,437
Depreciation and amortization 36,367 37,416 37,496
Impairment loss 6,953 15,775 3,422
Provision for credit losses 741 5,678 1,528
Transaction costs 819 1,144 828
Property tax expense 12,930 13,269 15,486
General and administrative expenses 27,243 24,286 23,706
Total expenses 125,389 144,582 113,903
Other operating income:      
Gain on sale of real estate, net 7,979 37,296 37,830
Operating income 92,437 89,958 99,080
Income from unconsolidated joint ventures 2,442 1,504 1,504
Net income 94,879 91,462 100,584
Income allocated to non-controlling interests (3,839) (1,727) (560)
Net income attributable to LTC Properties, Inc. 91,040 89,735 100,024
Income allocated to participating securities (682) (587) (580)
Net income available to common stockholders $ 90,358 $ 89,148 $ 99,444
Earnings per common share:      
Basic (in dollars per share) $ 2.07 $ 2.16 $ 2.49
Diluted (in dollars per share) $ 2.04 $ 2.16 $ 2.48
Weighted average shares used to calculate earnings per common share:      
Basic (in shares) 43,743 41,272 39,894
Diluted (in shares) 44,241 41,358 40,067