Reported Financials


As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 6/30/2019 USD 2019 Q2 YTD 6/30/2019 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 6/30/2019 USD 2019 Q2 YTD 6/30/2019 USD

ASSETS

Investments

Land 106,841 116,096 124,041 125,358 126,028
Buildings and improvements 1,091,845 1,185,467 1,262,335 1,290,352 1,320,895
Accumulated depreciation and amortization (251,265) (275,861) (304,117) (312,959) (332,364)
Operating real estate property, net NA 1,025,702 1,082,259 1,102,751 1,114,559
Properties held-for-sale, net of accumulated depreciation NA 0 3,830 3,830 3,830
Real property investments, net 947,421 1,025,702 1,086,089 1,106,581 1,118,389
Mortgage loans receivable, net of loan loss reserve 217,529 229,801 223,907 242,939 252,016
Real estate investments, net 1,164,950 1,255,503 1,309,996 1,349,520 1,370,405
Notes receivable, net of loan loss reserve 1,961 16,427 16,402 12,715 20,157
Investments in unconsolidated joint ventures 24,042 25,221 29,898 30,615 27,521
Investments, net 1,190,953 1,297,151 1,356,296 1,392,850 1,418,083

Other assets

Cash and cash equivalents 12,942 7,991 5,213 2,656 3,207
Restricted cash NA NA 0 2,108 2,108
Debt issue costs related to bank borrowings 2,865 1,847 810 2,989 2,597
Interest receivable 4,536 9,683 15,050 20,732 23,640
Straight-line rent receivable, net of allowance for doubtful accounts 42,685 55,276 64,490 73,857 43,730
Lease incentives NA NA 21,481 14,443 2,652
Prepaid expenses and other assets 21,443 22,948 2,230 3,985 3,463
Total assets 1,275,424 1,394,896 1,465,570 1,513,620 1,499,480

LIABILITIES

Bank borrowings 120,500 107,100 96,500 112,000 146,900
Senior unsecured notes, net of debt issue costs 451,372 502,291 571,002 533,029 528,938
Accrued interest 3,974 4,675 5,276 4,180 5,290
Accrued incentives and earn-outs 12,722 12,229 8,916 NA NA
Accrued expenses and other liabilities 27,654 28,553 25,228 31,440 30,742
Total liabilities 616,222 654,848 706,922 680,649 711,870

EQUITY

Stockholders' equity

Common stock 375 392 396 397 397
Capital in excess of par value 758,676 839,005 856,992 862,712 863,993
Cumulative net income 928,328 1,013,443 1,100,783 1,255,764 1,253,748
Accumulated other comprehensive income 47 NA NA NA NA
Cumulative distributions (1,028,224) (1,112,792) (1,203,011) (1,293,383) (1,338,967)
Total LTC Properties, Inc. stockholders' equity NA 740,048 755,160 825,490 779,171
Non-controlling interests NA 0 3,488 7,481 8,439
Total equity 659,202 740,048 758,648 832,971 787,610
Total liabilities and equity 1,275,424 1,394,896 1,465,570 1,513,620 1,499,480
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.