v3.25.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Investments:    
Land $ 121,884 $ 118,209
Buildings and improvements 1,402,825 1,212,853
Accumulated depreciation and amortization (398,017) (405,884)
Operating real estate property, net 1,126,692 925,178
Properties held-for-sale, net of accumulated depreciation: 2025-$29,284; 2024-$1,346 42,458 670
Real property investments, net 1,169,150 925,848
Financing receivables, net of credit loss reserve: 2025-$3,622; 2024-$3,615 358,579 357,867
Mortgage loans receivable, net of credit loss reserve: 2025-$3,930; 2024-$3,151 389,657 312,583
Real estate investments, net 1,917,386 1,596,298
Notes receivable, net of credit loss reserve: 2025-$270; 2024-$477 26,740 47,240
Investments in unconsolidated joint ventures 18,342 30,602
Investments, net 1,962,468 1,674,140
Other assets:    
Cash and cash equivalents 17,933 9,414
Debt issue costs related to revolving line of credit 5,096 1,410
Interest receivable 21,535 60,258
Straight-line rent receivable 18,545 21,505
Lease incentives 2,717 3,522
Prepaid expenses and other assets 16,126 15,893
Total assets 2,044,420 1,786,142
LIABILITIES    
Revolving line of credit 548,450 144,350
Term loans, net of debt issue costs: 2025-$0; 2024-$192   99,808
Senior unsecured notes, net of debt issue costs: 2025-$935; 2024-$1,058 396,065 440,442
Accrued interest 4,009 3,094
Accrued expenses and other liabilities 50,646 45,443
Total liabilities 999,170 733,137
Stockholders' equity:    
Common stock: $0.01 par value; 110,000 shares authorized; shares issued and outstanding: 2025-47,333; 2024-45,511 473 455
Capital in excess of par value 1,146,560 1,082,764
Cumulative net income 1,741,212 1,725,435
Accumulated other comprehensive income 1,459 3,815
Cumulative distributions (1,931,854) (1,851,842)
Total LTC Properties, Inc. stockholders' equity 957,850 960,627
Non-controlling interests 87,400 92,378
Total equity 1,045,250 1,053,005
Total liabilities and equity $ 2,044,420 $ 1,786,142

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