v3.25.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Rental income $ 31,444 $ 33,549
Interest income from financing receivables 7,002 3,830
Interest income from mortgage loans 9,179 12,448
Interest and other income 1,406 1,539
Total revenues 49,031 51,366
Expenses:    
Interest expense 7,913 11,045
Depreciation and amortization 9,162 9,095
Provision for credit losses 3,052 24
Transaction costs 441 266
Property tax expense 3,107 3,383
General and administrative expenses 6,971 6,491
Total expenses 30,646 30,304
Other operating income:    
Gain on sale of real estate, net 171 3,251
Operating income 18,556 24,313
Income from unconsolidated joint ventures 3,665 376
Net income 22,221 24,689
Income allocated to non-controlling interests (1,541) (459)
Net income attributable to LTC Properties, Inc. 20,680 24,230
Income allocated to participating securities (163) (165)
Net income available to common stockholders $ 20,517 $ 24,065
Earnings per common share:    
Basic (in dollars per share) $ 0.45 $ 0.56
Diluted (in dollars per share) $ 0.45 $ 0.56
Weighted average shares used to calculate earnings per common share:    
Basic (in shares) 45,333 42,891
Diluted (in shares) 45,683 43,032
Dividends declared and paid per common share (in dollars per share) $ 0.57 $ 0.57

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