v3.25.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues:      
Rental income $ 116,171,000 $ 132,278,000 $ 127,350,000
Resident fees and services 72,116,000    
Interest income from financing receivables 28,315,000 21,663,000 15,243,000
Interest income from mortgage loans 39,023,000 45,216,000 47,725,000
Interest and other income 7,229,000 10,690,000 6,926,000
Total revenues 262,854,000 209,847,000 197,244,000
Expenses:      
Interest expense 35,306,000 40,336,000 47,014,000
Depreciation and amortization 37,874,000 36,367,000 37,416,000
Seniors housing operating expenses 54,088,000    
Impairment loss 0 6,953,000 15,775,000
Write-off of effective interest receivable 41,455,000   0
Provision for credit losses 4,515,000 741,000 5,678,000
Transaction costs 8,221,000 819,000 1,144,000
Triple-net lease property tax expense 10,795,000 12,930,000 13,269,000
General and administrative expenses 31,120,000 27,243,000 24,286,000
Total expenses 223,374,000 125,389,000 144,582,000
Income before unconsolidated joint ventures, real estate dispositions and other items 39,480,000 84,458,000 52,662,000
Gain on sale of real estate, net 77,822,000 7,979,000 37,296,000
Income from unconsolidated joint ventures 6,757,000 2,442,000 1,504,000
Income tax provision (179,000) 0 0
Net income 123,880,000 94,879,000 91,462,000
Income allocated to non-controlling interests (5,908,000) (3,839,000) (1,727,000)
Net income attributable to LTC Properties, Inc. 117,972,000 91,040,000 89,735,000
Income allocated to participating securities (696,000) (682,000) (587,000)
Net income available to common stockholders $ 117,276,000 $ 90,358,000 $ 89,148,000
Earnings per common share:      
Basic (in dollars per share) $ 2.54 $ 2.07 $ 2.16
Diluted (in dollars per share) $ 2.52 $ 2.04 $ 2.16
Weighted average shares used to calculate earnings per common share:      
Basic (in shares) 46,230 43,743 41,272
Diluted (in shares) 46,560 44,241 41,358

Source

10-K XBRL Zip