v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Rental income $ 26,339,000 $ 31,444,000
Resident fees and services 49,585,000  
Interest income from financing receivables 8,255,000 7,002,000
Interest income from mortgage loans 10,229,000 9,179,000
Interest and other income 1,003,000 1,406,000
Total revenues 95,411,000 49,031,000
Expenses:    
Interest expense 10,782,000 7,913,000
Depreciation and amortization 11,979,000 9,162,000
Seniors housing operating expenses 36,889,000  
(Recovery) provision for credit losses (684,000) 3,052,000
Transaction costs 688,000 441,000
Triple-net lease property tax expense 2,394,000 3,107,000
General and administrative expenses 8,582,000 6,971,000
Total expenses 70,630,000 30,646,000
Income before unconsolidated joint ventures, real estate dispositions and other items 24,781,000 18,385,000
(Loss) gain on sale of real estate, net (10,000) 171,000
Income from unconsolidated joint ventures 295,000 3,665,000
Income tax provision (110,000)  
Net income 24,956,000 22,221,000
Income allocated to non-controlling interests (1,363,000) (1,541,000)
Net income attributable to LTC Properties, Inc. 23,593,000 20,680,000
Income allocated to participating securities (156,000) (163,000)
Net income available to common stockholders-basic $ 23,437,000 $ 20,517,000
Earnings per common share:    
Basic (in dollars per share) $ 0.48 $ 0.45
Diluted (in dollars per share) $ 0.48 $ 0.45
Weighted average shares used to calculate earnings per common share:    
Basic (in shares) 48,543 45,333
Diluted (in shares) 48,969 45,683
Dividends declared and paid per common share (in dollars per share) $ 0.57 $ 0.57