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Equity (Tables)

6 Months Ended

Jun. 30, 2012

Equity

Schedule of allocation of equity between controlling and non-controlling interests

		LTC Properties, Inc. Stockholders’ Equity				Non-controlling Interest				Total Equity
Balance at December 31, 2011		$466,748				$1,962				$468,710
Net income		26,024				21				26,045
Vested stock options and restricted stock		910				—				910
Stock option exercise		746				—				746
Reclassification adjustment		(30	)			—				(30	)
Redemption of non-controlling interest		(1,246	)			(1,518	)			(2,764	)
Non-controlling interest preferred return		—				(59	)			(59	)
Preferred stock dividends		(1,636	)			—				(1,636	)
Common stock dividends		(26,460	)			—				(26,460	)
Balance at June 30, 2012		$465,056				$406				$465,462

Schedule of effect of changes in ownership interest in the limited partnership on equity attributable to the company

		Three Months Ended June 30,						Six Months Ended June 30,
		2012			2011			2012			2011
Net income attributable to LTC Properties, Inc.		$13,103			$12,214			$26,024			$24,320
Transfers from the non-controlling interest
Decrease in paid-in capital for limited partners conversion		(1,246	)		—			(1,246	)		—
Change from net income attributable to LTC Properties, Inc. and transfers from non-controlling interest		$11,857			$12,214			$24,778			$24,320

Schedule of cash dividends declared and paid

		Six months ended June 30, 2012								Six months ended June 30, 2011
		Declared				Paid				Declared				Paid
Preferred Stock
Series C			$  1,636				$  1,636				$  1,636				$  1,636
Series F (1)			—				—				2,240	(2)			4,008
			1,636				1,636				3,876				5,644
Common Stock (3)			26,460				26,460				23,806				23,806
Total			$28,096				$28,096				$27,682				$29,450

(1) During 2011, we redeemed all of our remaining Series F preferred Stock.

(2) Includes the accrued and unpaid dividends on the Series F preferred stock up to the redemption date.

(3) Represents $0.145 per share per month and $0.14 per share per month for the six months ended June 30, 2012 and 2011, respectively.

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- Definition

Tabular disclosure of change from net income attributable to parent entity and transfers from non-controlling interest.

+ References

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Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Topic 505

-SubTopic 10

-Publisher FASB

-Number

-Article

-Subparagraph

-Name Accounting Standards Codification

-Paragraph 2

-Section 50

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

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