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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Rental income $ 32,258 $ 31,589 $ 97,464 $ 94,861
Interest income from financing receivables 7,001 3,832 14,661 11,413
Interest income from mortgage loans 10,733 12,247 35,842 35,417
Interest and other income 5,791 1,635 9,298 5,358
Total revenues 55,783 49,303 157,265 147,049
Expenses:        
Interest expense 10,023 12,674 31,971 34,595
Depreciation and amortization 9,054 9,499 27,173 28,085
Impairment loss       12,510
Provision for credit losses 215 189 942 2,107
Transaction costs 33 329 679 537
Property tax expense 3,186 3,271 9,816 9,751
General and administrative expenses 6,765 5,959 20,016 18,344
Total expenses 29,276 31,921 90,597 105,929
Other operating income:        
Gain on sale of real estate, net 3,663 4,870 6,882 20,545
Operating income 30,170 22,252 73,550 61,665
Income from unconsolidated joint ventures 692 375 1,739 1,127
Net income 30,862 22,627 75,289 62,792
Income allocated to non-controlling interests (1,496) (430) (2,332) (1,287)
Net income attributable to LTC Properties, Inc. 29,366 22,197 72,957 61,505
Income allocated to participating securities (201) (147) (511) (440)
Net income available to common stockholders $ 29,165 $ 22,050 $ 72,446 $ 61,065
Earnings per common share:        
Basic (in dollars per share) $ 0.66 $ 0.54 $ 1.67 $ 1.48
Diluted (in dollars per share) $ 0.66 $ 0.54 $ 1.65 $ 1.48
Weighted average shares used to calculate earnings per common share:        
Basic (in shares) 43,868 41,153 43,313 41,127
Diluted (in shares) 44,394 41,211 43,839 41,185
Dividends declared and paid per common share (in dollars per share) $ 0.57 $ 0.57 $ 1.71 $ 1.71