v3.25.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Rental income $ 30,177,000 $ 31,657,000 $ 61,621,000 $ 65,206,000
Resident fees and services 11,950,000   11,950,000  
Interest income from financing receivables 7,084,000 3,830,000 14,086,000 7,660,000
Interest income from mortgage loans 9,680,000 12,661,000 18,859,000 25,109,000
Interest and other income 1,349,000 1,968,000 2,755,000 3,507,000
Total revenues 60,240,000 50,116,000 109,271,000 101,482,000
Expenses:        
Interest expense 8,014,000 10,903,000 15,927,000 21,948,000
Depreciation and amortization 8,776,000 9,024,000 17,938,000 18,119,000
Seniors housing operating expenses 9,419,000   9,419,000  
Provision for credit losses 387,000 703,000 3,439,000 727,000
Transaction costs 6,706,000 380,000 7,147,000 646,000
Property tax expense 2,795,000 3,247,000 5,902,000 6,630,000
General and administrative expenses 8,447,000 6,760,000 15,418,000 13,251,000
Total expenses 44,544,000 31,017,000 75,190,000 61,321,000
Income before unconsolidated joint ventures, real estate dispositions and other items 15,696,000 19,099,000 34,081,000 40,161,000
Gain (loss) on sale of real estate, net 332,000 (32,000) 503,000 3,219,000
Income from unconsolidated joint ventures 439,000 671,000 4,104,000 1,047,000
Income tax benefit 81,000   81,000  
Net income 16,548,000 19,738,000 38,769,000 44,427,000
Income allocated to non-controlling interests (1,456,000) (377,000) (2,997,000) (836,000)
Net income attributable to LTC Properties, Inc. 15,092,000 19,361,000 35,772,000 43,591,000
Income allocated to participating securities (154,000) (173,000) (317,000) (338,000)
Net income available to common stockholders $ 14,938,000 $ 19,188,000 $ 35,455,000 $ 43,253,000
Earnings per common share:        
Basic (in dollars per share) $ 0.33 $ 0.44 $ 0.78 $ 1.01
Diluted (in dollars per share) $ 0.32 $ 0.44 $ 0.77 $ 1
Weighted average shares used to calculate earnings per common share:        
Basic (in shares) 45,714 43,171 45,524 43,030
Diluted (in shares) 46,028 43,463 45,838 43,322
Dividends declared and paid per common share (in dollars per share) $ 0.57 $ 0.57 $ 1.14 $ 1.14