v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Investments:    
Land $ 128,590,000 $ 118,209,000
Buildings and improvements 1,482,075,000 1,212,853,000
Properties held-for-sale, net of accumulated depreciation: 2025-$0; 2024-$1,346   670,000
Accumulated depreciation and amortization (408,906,000) (405,884,000)
Owned real properties, net 1,201,759,000 925,848,000
Financing receivables, net of credit loss reserve: 2025-$3,631; 2024-$3,615 359,457,000 357,867,000
Mortgage loans receivable, net of credit loss reserve: 2025-$3,849; 2024-$3,151 381,662,000 312,583,000
Real property investments, net 1,942,878,000 1,596,298,000
Notes receivable, net of credit loss reserve: 2025-$259; 2024-$477 25,615,000 47,240,000
Investments in unconsolidated joint ventures 12,524,000 30,602,000
Investments, net 1,981,017,000 1,674,140,000
Other assets:    
Cash and cash equivalents 14,387,000 9,414,000
Debt issue costs related to revolving line of credit 4,742,000 1,410,000
Interest receivable 22,720,000 60,258,000
Straight-line rent receivable 17,949,000 21,505,000
Prepaid expenses and other assets 21,245,000 19,415,000
Total assets 2,062,060,000 1,786,142,000
LIABILITIES    
Revolving line of credit 252,863,000 144,350,000
Term loans, net of debt issue costs: 2025-$1,787; 2024-$192 198,213,000 99,808,000
Senior unsecured notes, net of debt issue costs: 2025-$895; 2024-$1,058 391,105,000 440,442,000
Accrued interest 3,806,000 3,094,000
Accrued expenses and other liabilities 53,689,000 45,443,000
Total liabilities 899,676,000 733,137,000
Stockholders' equity:    
Common stock: $0.01 par value; 110,000 shares authorized; shares issued and outstanding: 2025-48,482; 2024-45,511 485,000 455,000
Capital in excess of par value 1,189,846,000 1,082,764,000
Cumulative net income 1,843,407,000 1,725,435,000
Accumulated other comprehensive income 482,000 3,815,000
Cumulative distributions (1,959,236,000) (1,851,842,000)
Total LTC Properties, Inc. stockholders' equity 1,074,984,000 960,627,000
Non-controlling interests 87,400,000 92,378,000
Total equity 1,162,384,000 1,053,005,000
Total liabilities and equity $ 2,062,060,000 $ 1,786,142,000

Source

10-K XBRL Zip