XML 74 R51.htm IDEA: XBRL DOCUMENT v2.4.0.6
Equity (Details) (USD $)
3 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
partnership
Dec. 31, 2011
partnership
Dec. 31, 2010
Mar. 31, 2013
Dividend distributions
Feb. 28, 2013
Dividend distributions
Jan. 31, 2013
Dividend distributions
Dec. 31, 2012
Equity Distribution Agreement
Dec. 31, 2012
Shelf Registration
Dec. 31, 2012
Total Cumulative Preferred Stock
Dec. 31, 2011
Total Cumulative Preferred Stock
Dec. 31, 2012
Series C Cumulative Convertible Preferred Stock
Dec. 31, 2011
Series C Cumulative Convertible Preferred Stock
Dec. 31, 2011
Series F Cumulative Preferred Stock
Dec. 31, 2010
Series F Cumulative Preferred Stock
Dec. 31, 2012
Common Stock
Nov. 30, 2012
Common Stock
Oct. 31, 2012
Common Stock
Sep. 30, 2012
Common Stock
Aug. 31, 2012
Common Stock
Jul. 31, 2012
Common Stock
Jun. 30, 2012
Common Stock
May 31, 2012
Common Stock
Apr. 30, 2012
Common Stock
Mar. 31, 2012
Common Stock
Feb. 29, 2012
Common Stock
Jan. 31, 2012
Common Stock
Dec. 31, 2012
Common Stock
Dec. 31, 2011
Common Stock
Dec. 31, 2011
Common Stock
Underwritten public offering
Dec. 31, 2012
Conversion of noncontrolling interest
item
Dec. 31, 2010
Series E Preferred Stock
Equity                                                                              
Shares outstanding 2,000,000       2,000,000       2,000,000 2,000,000                 2,000,000 2,000,000                                      
Common stock issued upon conversion (in shares)                                                                             65,790
Number of shares of preferred stock elected to be converted to common shares (in shares)                                                                             32,895
Dividend Rate (as a percent)                                     8.50% 8.50% 8.00% 8.00%                                 8.50%
Number of shares of common stock and dividends to be issued upon conversion                                     2,000,000 2,000,000                                      
Conversion price per share                                         $ 25.00                                   $ 12.50
Total shares reserved for issuance of common stock related to the conversion of preferred stock                                     2,000,000 2,000,000                                      
Number of shares of preferred stock redeemed                                         3,536,530                                    
Redemption price (in dollars per share)                                         $ 25.1333                                   $ 25.4191
Income allocated to preferred stockholders                 $ 3,273,000 $ 9,078,000 $ 16,045,000                   $ 3,566,000                                   $ 6,000
Maximum aggregate offering price of shares authorized for issuance                             85,686,000                                                
Amount available under equity distribution agreement                             64,573,000                                                
Shares common stock sold                                                                         3,990,000    
Sale price of common stock (in dollars per share)                                                                         $ 27.25    
Net proceeds                                                                         103,631,000    
Amount available under effective shelf registration statement                               167,614,000                                              
Maximum offering capacity under shelf registration statement                               400,000,000                                              
Dividend Distributions                                                                              
Declared 57,785,000       54,804,000       57,785,000 54,804,000             3,273,000 5,512,000 3,273,000 3,272,000 2,240,000   54,512,000                       54,512,000 49,292,000      
Paid                 57,785,000 56,572,000 53,902,000           3,273,000 7,280,000 3,273,000 3,272,000 4,008,000                           54,512,000 49,292,000      
Dividend declared per share per month $ 0.465 $ 0.455 $ 0.435 $ 0.435 $ 0.42 $ 0.42 $ 0.42 $ 0.42       $ 0.155 $ 0.155 $ 0.155                 $ 0.155 $ 0.155 $ 0.155 $ 0.155 $ 0.155 $ 0.145 $ 0.145 $ 0.145 $ 0.145 $ 0.145 $ 0.145 $ 0.145   $ 0.14      
Non-controlling Interests                                                                              
Number of limited partnerships                 1 1                                                          
Limited partnership, conversion basis                 one-for-one basis                                                            
Number of limited partners exercising conversion rights                                                                           2  
Redemption notification of limited partnership units                                                                           89,294  
Cash paid, redemption of non-controlling interest                 2,764,000                                                         2,764,000  
Margin added to the common stock price per share on redemption date to determine amount to be paid to limited partner                                                                           $ 0.05  
Excess of redemption value over the book value                                                                           1,246,000  
Number of partnership units converted by limited partners                                                                           112,588  
Number of partnership units converted                                                                           23,294  
Partnership unit conversion price (per unit)                                                                           $ 17.00  
Change from net income attributable to and transfers from non-controlling interest                                                                              
Net income attributable to LTC Properties, Inc                 51,290,000 49,252,000 45,862,000                                                        
Transfers from the non-controlling interest: Increase in paid-in capital for limited partners conversion                 396,000                                                            
Transfers from the non-controlling interest: Decrease in paid-in capital for limited partners conversion                 (1,246,000)                                                            
Change from net income attributable to LTC Properties, Inc. and transfers from non-controlling interest                 50,440,000 49,252,000 45,862,000                                                        
Common Stock                                                                              
Number of shares authorized to be repurchased 5,000,000       3,360,237       5,000,000 3,360,237                                                          
Number of authorized shares of common stock before amendment 45,000,000               45,000,000                                                            
Common stock, shares authorized 60,000,000       45,000,000       60,000,000 45,000,000                                                          
Accumulated Other Comprehensive Income                                                                              
Accumulated other comprehensive income $ 152,000       $ 199,000       $ 152,000 $ 199,000