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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Rental income $ 20,872 [1] $ 18,182 [1]
Interest income from mortgage loans 1,532 1,656
Interest and other income 236 [2] 415 [2]
Total revenues 22,640 20,253
Expenses:    
Interest expense 2,033 1,104
Depreciation and amortization 5,167 4,432
Acquisition costs 41 130
Operating and other expenses 2,452 2,314
Total expenses 9,693 7,980
Income from continuing operations 12,947 12,273
Discontinued operations:    
Loss from discontinued operations (31) (119)
Gain on sale of assets, net 16  
Net loss from discontinued operations (15) (119)
Net income 12,932 12,154
Income allocated to non-controlling interests (11) (48)
Net income attributable to LTC Properties, Inc. 12,921 12,106
Income allocated to participating securities (94) (89)
Income allocated to preferred stockholders (818) (6,624)
Net income available to common stockholders $ 12,009 $ 5,393
Basic earnings per common share    
Continuing operations (in dollars per share) $ 0.40 [3] $ 0.21 [3]
Discontinued operations (in dollars per share) $ 0.00 [3] $ 0.00 [3]
Net income available to common stockholders (in dollars per share) $ 0.40 [3] $ 0.20 [3]
Diluted earnings per common share    
Continuing operations (in dollars per share) $ 0.40 [3] $ 0.21 [3]
Discontinued operations (in dollars per share) $ 0.00 [3] $ 0.00 [3]
Net income available to common stockholders (in dollars per share) $ 0.40 [3] $ 0.20 [3]
Weighted average shares used to calculate earnings per common share    
Basic (in shares) 30,189 26,310
Diluted (in shares) 30,234 26,340
[1] During the three months ended March 31, 2012 and 2011, we received $1,086 and $1,059, respectively, in rental income and recorded $39 and $66, respectively, in straight-line rental income from a lessee that qualifies as a related party. The lessee's Chief Executive Officer is on our Board of Directors. See Note 9. Transactions with Related Party for further discussion.
[2] During each of the three months ended March 31, 2012 and 2011, we recognized $180 of interest income from an entity that qualifies as a related party because the entity's Chief Executive Officer is on our Board of Directors. See Note 9. Transactions with Related Party for further discussion.
[3] NOTE: Computations of per share amounts from continuing operations, discontinued operations and net income are made independently. Therefore, the sum of per share amounts from continuing operations and discontinued operations may not agree with the per share amounts from net income available to common stockholders.