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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Investments:    
Land $ 124,665 $ 123,239
Buildings and improvements 1,273,025 1,285,318
Accumulated depreciation and amortization (389,182) (374,606)
Operating real estate property, net 1,008,508 1,033,951
Properties held-for-sale, net of accumulated depreciation: 2022-$2,305; 2021-$0 10,710  
Real property investments, net 1,019,218 1,033,951
Financing receivable, net of credit loss reserve: 2022-$768; 2021-$0 75,999  
Mortgage loans receivable, net of credit loss reserve: 2022-$3,930; 2021-$3,473 389,728 344,442
Real estate investments, net 1,484,945 1,378,393
Notes receivable, net of credit loss reserve: 2022-$589; 2021-$286 58,383 28,337
Investments in unconsolidated joint ventures 19,340 19,340
Investments, net 1,562,668 1,426,070
Other assets:    
Cash and cash equivalents 10,379 5,161
Debt issue costs related to revolving line of credit 2,321 3,057
Interest receivable 46,000 39,522
Straight-line rent receivable 21,847 24,146
Lease incentives 1,789 2,678
Prepaid expenses and other assets 11,099 4,191
Total assets 1,656,103 1,504,825
LIABILITIES    
Revolving line of credit 130,000 110,900
Term loans, net of debt issue costs: 2022-$489; 2021-$637 99,511 99,363
Senior unsecured notes, net of debt issue costs: 2022-$1,477; 2021-$524 538,343 512,456
Accrued interest 5,234 3,745
Accrued expenses and other liabilities 32,708 33,234
Total liabilities 805,796 759,698
Stockholders' equity:    
Common stock: $0.01 par value; 60,000 shares authorized; shares issued and outstanding: 2022-41,262; 2021-39,374 412 394
Capital in excess of par value 931,124 856,895
Cumulative net income 1,544,660 1,444,636
Accumulated other comprehensive income (loss) 8,719 (172)
Cumulative distributions (1,656,548) (1,565,039)
Total LTC Properties, Inc. stockholders' equity 828,367 736,714
Non-controlling interests 21,940 8,413
Total equity 850,307 745,127
Total liabilities and equity $ 1,656,103 $ 1,504,825