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Equity (Tables) | 3 Months Ended
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Mar. 31, 2013
Equity |
Schedule of allocation of equity between controlling and non-controlling interests | Equity is allocated between controlling and non-controlling interests as follows (in thousands):
|  | LTC Properties, Inc. Stockholders’ Equity |  | Non-controlling Interest |  | Total Equity |
Balance at December 31, 2012 |  | $463,101 |  | $7 |  | $463,108 |
Net income |  | 12,976 |  | — |  | 12,976 |
Issue common stock |  | 4,293 |  | — |  | 4,293 |
Vested restricted common stock |  | 985 |  | — |  | 985 |
Stock option exercise |  | 523 |  | — |  | 523 |
Reclassification adjustment |  | (9) |  | — |  | (9 | )
Non-controlling interest preferred return |  | — |  | (7) |  | (7 | )
Preferred stock dividends |  | (818) |  | — |  | (818 | )
Common stock dividends |  | (14,217) |  | — |  | (14,217 | )
Other |  | (23) |  |  |  | (23 | )
Balance at March 31, 2013 |  | $466,811 |  | $— |  | $466,811 |
Schedule of change from net income attributable to us and transfers from non-controlling interest | The following table represents the change from net income attributable to us and transfers from non-controlling interest (in thousands):
|  | Three months ended March 31, |
|  | 2013 |  | 2012 |
Net income attributable to LTC Properties, Inc. |  | $12,976 |  | $12,921 |
Transfers from the non-controlling interest |  |  |  |  |
Decrease in paid-in capital for limited partners conversion |  | — |  | (1,246) |
Change from net income attributable to LTC Properties, Inc. and transfers from non-controlling interest |  | $12,976 |  | $11,675 |
Schedule of cash dividends declared and paid | We declared and paid the following cash dividends (in thousands):
|  | Three months ended March 31, 2013 |  | Three months ended March 31, 2012 |
|  | Declared |  | Paid |  | Declared |  | Paid |
Preferred Stock |  |  |  |  |  |  |  |  |
Series C |  | $ 818 |  | $ 818 |  | $ 818 |  | $ 818 |
Total Preferred |  | 818 |  | 818 |  | 818 |  | 818 |
Common Stock (1) |  | 14,217 |  | 14,217 |  | 13,226 |  | 13,226 |
Total |  | $15,035 |  | $15,035 |  | $14,044 |  | $14,044 |
(1) Represents $0.155 per share per month and $0.145 per share per month for the three months ended March 31, 2013 and 2012, respectively.

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