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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Rental income $ 24,539 [1] $ 21,139 [1] $ 49,015 [1] $ 41,975 [1]
Interest income from mortgage loans 1,050 1,431 2,109 2,963
Interest and other income 92 [2] 485 [2] 185 [2] 722 [2]
Total revenues 25,681 23,055 51,309 45,660
Expenses:        
Interest expense 2,798 2,004 5,931 4,037
Depreciation and amortization 6,124 5,355 12,250 10,509
General and administrative expenses 2,869 2,604 6,287 5,128
Total expenses 11,791 9,963 24,468 19,674
Income from continuing operations 13,890 13,092 26,841 25,986
Discontinued operations:        
Net Income from discontinued operations 27 21 52 43
(Loss) gain on real estate assets, net (1,014)   (1,014) 16
Net (loss) income from discontinued operations (987) 21 (962) 59
Net income 12,903 13,113 25,879 26,045
Income allocated to non-controlling interests   (10)   (21)
Net income attributable to LTC Properties, Inc. 12,903 13,103 25,879 26,024
Income allocated to participating securities (91) (91) (189) (185)
Income allocated to preferred stockholders (818) (818) (1,636) (1,636)
Net income available to common stockholders $ 11,994 $ 12,194 $ 24,054 $ 24,203
Basic earnings per common share        
Continuing operations (in dollars per share) $ 0.39 $ 0.40 $ 0.79 $ 0.80
Discontinued operations (in dollars per share) $ (0.03) $ 0.00 $ (0.03) $ 0.00
Net income available to common stockholders (in dollars per share) $ 0.36 $ 0.40 $ 0.76 $ 0.80
Diluted earnings per common share        
Continuing operations (in dollars per share) $ 0.39 $ 0.40 $ 0.79 $ 0.80
Discontinued operations (in dollars per share) $ (0.03) $ 0.00 $ (0.03) $ 0.00
Net income available to common stockholders (in dollars per share) $ 0.36 $ 0.40 $ 0.76 $ 0.80
Weighted average shares used to calculate earnings per common share        
Basic (in shares) 32,913 30,213 31,645 30,201
Diluted (in shares) 32,946 30,258 31,679 30,246
[1] During the three and six months ended JunE 30, 2013, we received $1,122 and $2,235, respectively, in rental income and recorded $3 and $16, respectively, in straight-line rental income from a lessee that qualifies as a related party. During the three and six months ended June 30, 2012, we received $1,095 and $2,181, respectively, in rental income and recorded $31 and $70, 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 three and six months ended June 30, 2013, we did not recognized interest income from any related parties. During the three and six months ended June 30, 2012, we recognized $55 and $235, respectively, 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.