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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Investments:    
Land $ 118,382 $ 121,725
Buildings and improvements 1,217,954 1,235,600
Accumulated depreciation and amortization (398,080) (387,751)
Operating real estate property, net 938,256 969,574
Properties held-for-sale, net of accumulated depreciation: 2024-$1,794; 2023-$3,616 4,058 18,391
Real property investments, net 942,314 987,965
Financing receivables, net of credit loss reserve: 2024-$3,615; 2023-$1,980 357,889 196,032
Mortgage loans receivable, net of credit loss reserve: 2024-$3,638; 2023-$4,814 360,776 477,266
Real estate investments, net 1,660,979 1,661,263
Notes receivable, net of credit loss reserve: 2024-$482; 2023-$611 47,691 60,490
Investments in unconsolidated joint ventures 30,602 19,340
Investments, net 1,739,272 1,741,093
Other assets:    
Cash and cash equivalents 35,040 20,286
Debt issue costs related to revolving line of credit 1,548 1,557
Interest receivable 58,421 53,960
Straight-line rent receivable 18,677 19,626
Lease incentives 3,584 2,607
Prepaid expenses and other assets 15,095 15,969
Total assets 1,871,637 1,855,098
LIABILITIES    
Revolving line of credit 240,150 302,250
Term loans, net of debt issue costs: 2024-$229; 2023-$342 99,771 99,658
Senior unsecured notes, net of debt issue costs: 2024-$1,098; 2023-$1,251 445,402 489,409
Accrued interest 3,757 3,865
Accrued expenses and other liabilities 41,120 43,649
Total liabilities 830,200 938,831
Stockholders' equity:    
Common stock: $0.01 par value; 60,000 shares authorized; shares issued and outstanding: 2024-45,034; 2023-43,022 450 430
Capital in excess of par value 1,062,374 991,656
Cumulative net income 1,707,352 1,634,395
Accumulated other comprehensive income 3,639 6,110
Cumulative distributions (1,825,996) (1,751,312)
Total LTC Properties, Inc. stockholders' equity 947,819 881,279
Non-controlling interests 93,618 34,988
Total equity 1,041,437 916,267
Total liabilities and equity $ 1,871,637 $ 1,855,098