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CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data, unless otherwise specified | 3 Months Ended
--- | ---
Mar. 31, 2015 | Mar. 31, 2014
Revenues: |  |
Rental income | $ 26,678us-gaap_OperatingLeasesIncomeStatementLeaseRevenue | $ 25,252us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
Interest income from mortgage loans | 4,607us-gaap_InterestAndFeeIncomeLoansCommercial | 4,093us-gaap_InterestAndFeeIncomeLoansCommercial
Interest and other income | 195us-gaap_InterestAndOtherIncome | 93us-gaap_InterestAndOtherIncome
Total revenues | 31,480us-gaap_Revenues | 29,438us-gaap_Revenues
Expenses: |  |
Interest expense | 3,766us-gaap_InterestExpense | 3,187us-gaap_InterestExpense
Depreciation and amortization | 6,779us-gaap_DepreciationAndAmortization | 6,298us-gaap_DepreciationAndAmortization
General and administrative expenses | 3,499us-gaap_GeneralAndAdministrativeExpense | 2,949us-gaap_GeneralAndAdministrativeExpense
Total expenses | 14,044us-gaap_CostsAndExpenses | 12,434us-gaap_CostsAndExpenses
Operating income | 17,436us-gaap_OperatingIncomeLoss | 17,004us-gaap_OperatingIncomeLoss
Income from unconsolidated joint venture | 116ltc_IncomeLossFromUnconsolidatedJointVenture |
Net income | 17,552us-gaap_NetIncomeLoss | 17,004us-gaap_NetIncomeLoss
Income allocated to participating securities | (123)us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic | (103)us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
Income allocated to preferred stockholders | (818)us-gaap_PreferredStockDividendsAndOtherAdjustments | (818)us-gaap_PreferredStockDividendsAndOtherAdjustments
Net income available to common stockholders | $ 16,611us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ 16,083us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Basic earnings per common share |  |
Net income available to common stockholders | $ 0.47us-gaap_EarningsPerShareBasic | $ 0.47us-gaap_EarningsPerShareBasic
Diluted earnings per common share |  |
Net income available to common stockholders | $ 0.47us-gaap_EarningsPerShareDiluted | $ 0.46us-gaap_EarningsPerShareDiluted
Weighted average shares used to calculate earnings per common share |  |
Basic (in shares) | 35,277us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 34,586us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) | 37,292us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 36,611us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Dividends declared and paid per common share (in dollars per share) | $ 0.510ltc_CommonStockDividendsPerShareDeclaredAndPaid | $ 0.510ltc_CommonStockDividendsPerShareDeclaredAndPaid

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