v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Investments:    
Land $ 109,881 $ 118,209
Buildings and improvements 1,148,060 1,212,853
Accumulated depreciation and amortization (392,516) (405,884)
Operating real estate property, net 865,425 925,178
Properties held-for-sale, net of accumulated depreciation: 2025-$29,284; 2024-$1,346 42,458 670
Real property investments, net 907,883 925,848
Financing receivables, net of credit loss reserve: 2025-$3,614; 2024-$3,615 357,824 357,867
Mortgage loans receivable, net of credit loss reserve: 2025-$3,562; 2024-$3,151 353,253 312,583
Real estate investments, net 1,618,960 1,596,298
Notes receivable, net of credit loss reserve: 2025-$441; 2024-$477 43,694 47,240
Investments in unconsolidated joint ventures 17,793 30,602
Investments, net 1,680,447 1,674,140
Other assets:    
Cash and cash equivalents 7,609 9,414
Debt issue costs related to revolving line of credit 809 1,410
Interest receivable 64,454 60,258
Straight-line rent receivable 20,187 21,505
Lease incentives 2,893 3,522
Prepaid expenses and other assets 18,958 15,893
Total assets 1,795,357 1,786,142
LIABILITIES    
Revolving line of credit 168,550 144,350
Term loans, net of debt issue costs: 2025-$117; 2024-$192 99,883 99,808
Senior unsecured notes, net of debt issue costs: 2025-$976; 2024-$1,058 428,024 440,442
Accrued interest 2,882 3,094
Accrued expenses and other liabilities 51,111 45,443
Total liabilities 750,450 733,137
Stockholders' equity:    
Common stock: $0.01 par value; 110,000 shares authorized; shares issued and outstanding: 2025-46,065; 2024-45,511 461 455
Capital in excess of par value 1,099,049 1,082,764
Cumulative net income 1,761,207 1,725,435
Accumulated other comprehensive income 2,188 3,815
Cumulative distributions (1,905,398) (1,851,842)
Total LTC Properties, Inc. stockholders' equity 957,507 960,627
Non-controlling interests 87,400 92,378
Total equity 1,044,907 1,053,005
Total liabilities and equity $ 1,795,357 $ 1,786,142

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