|
Total Revenue
|
|
$161.6m
|
$168.1m
|
$168.6m
|
$185.3m
|
$159.3m
|
$155.3m
|
$175.2m
|
$197.2m
|
$209.8m
|
$262.9m
|
|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Income (Loss)
|
|
$80.4m
|
$81.3m
|
$152.2m
|
$81.9m
|
$95.6m
|
$54.8m
|
$99.1m
|
$90.0m
|
$92.4m
|
$204.7m
|
|
Additional Financial Items
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Equity Method Investments
|
|
$1.1m
|
$2.3m
|
$2.9m
|
$2.4m
|
$432k
|
$1.4m
|
$1.5m
|
$1.5m
|
$2.4m
|
$6.8m
|
|
Operating Lease, Lease Income
|
|
$133.5m
|
$137.7m
|
$135.4m
|
$152.8m
|
$126.1m
|
$121.1m
|
$128.2m
|
$127.3m
|
$132.3m
|
$116.2m
|
|
Interest and Other Income
|
|
$735k
|
$3.6m
|
$5.0m
|
$2.6m
|
$1.8m
|
$1.4m
|
$4.5m
|
$6.9m
|
$10.7m
|
$7.2m
|
|
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic
|
|
$12k
|
$12k
|
$268k
|
$19k
|
$25k
|
—
|
$49k
|
—
|
—
|
$70k
|
|
Rental income
|
|
$133.5m
|
$137.7m
|
$135.4m
|
$152.8m
|
$126.1m
|
$121.1m
|
$128.2m
|
$127.3m
|
$132.3m
|
$116.2m
|
|
Interest income from financing receivables
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$1.8m
|
$15.2m
|
$21.7m
|
$28.3m
|
|
Interest income from mortgage loans
|
|
$27.3m
|
$26.8m
|
$28.2m
|
$30.0m
|
$31.4m
|
$32.8m
|
$40.6m
|
$47.7m
|
$45.2m
|
$39.0m
|
|
Depreciation and amortization
|
|
$35.9m
|
$37.6m
|
$37.6m
|
$39.2m
|
$39.1m
|
$38.3m
|
$37.5m
|
$37.4m
|
$36.4m
|
$37.9m
|
|
Impairment loss
|
|
$766k
|
$1.9m
|
$0
|
$0
|
$4.0m
|
$0
|
$3.4m
|
$15.8m
|
$7.0m
|
$0
|
|
Write-off of effective interest receivable
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
—
|
$41.5m
|
|
Provision for credit losses
|
|
$457k
|
($206k)
|
$87k
|
$166k
|
($3k)
|
$1.0m
|
$1.5m
|
$5.7m
|
$741k
|
$4.5m
|
|
Income before unconsolidated joint ventures, real estate dispositions and other items
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$52.7m
|
$84.5m
|
$39.5m
|
|
Gain on sale of real estate, net
|
|
$3.6m
|
$3.8m
|
$70.7m
|
$2.1m
|
$44.1m
|
$7.5m
|
$37.8m
|
$37.3m
|
$8.0m
|
$77.8m
|
|
Income from unconsolidated joint ventures
|
|
$1.1m
|
$2.3m
|
$2.9m
|
$2.4m
|
$432k
|
$1.4m
|
$1.5m
|
$1.5m
|
$2.4m
|
$6.8m
|
|
Income tax provision
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($179k)
|
|
Income allocated to non-controlling interests
|
|
—
|
—
|
($95k)
|
($346k)
|
($384k)
|
($363k)
|
($560k)
|
($1.7m)
|
($3.8m)
|
($5.9m)
|
|
Income allocated to participating securities
|
|
($385k)
|
($362k)
|
($625k)
|
($391k)
|
($422k)
|
($458k)
|
($580k)
|
($587k)
|
($682k)
|
($696k)
|
|
Basic (in shares)
|
|
$38.4m
|
$39.4m
|
$39.5m
|
$39.6m
|
$39.2m
|
$39.2m
|
$39.9m
|
$41.3m
|
$43.7m
|
$46.2m
|
|
Diluted (in shares)
|
|
$38.6m
|
$39.6m
|
$39.8m
|
$39.8m
|
$39.3m
|
$39.2m
|
$40.1m
|
$41.4m
|
$44.2m
|
$46.6m
|
|
Net income attributable to LTC Properties, Inc.
|
|
$85.1m
|
$87.3m
|
$155.0m
|
$80.5m
|
$95.3m
|
$55.9m
|
$100.0m
|
$89.7m
|
$91.0m
|
$118.0m
|
|
Net Income (Loss) Attributable to Parent
|
|
$85.1m
|
$87.0m
|
$155.0m
|
$80.5m
|
$95.3m
|
$55.9m
|
$100.0m
|
$89.7m
|
$91.0m
|
$118.0m
|
|
Net Income (Loss) Available to Common Stockholders, Basic
|
|
$84.7m
|
$87.0m
|
$154.4m
|
$80.1m
|
$94.9m
|
$55.4m
|
$99.4m
|
$89.1m
|
$90.4m
|
$117.3m
|
|
Net Income (Loss) Attributable to Noncontrolling Interest
|
|
—
|
—
|
$95k
|
$346k
|
$384k
|
$363k
|
$560k
|
$1.7m
|
$3.8m
|
$5.9m
|
|
Earnings Per Share, Basic
|
|
$2.21
|
$2.21
|
$3.91
|
$2.03
|
$2.42
|
$1.41
|
$2.49
|
$2.16
|
$2.07
|
$2.54
|
|
Earnings Per Share, Diluted
|
|
$2.21
|
$2.20
|
$3.89
|
$2.02
|
$2.42
|
$1.41
|
$2.48
|
$2.16
|
$2.04
|
$2.52
|
|
Common Stock, Dividends, Per Share, Declared
|
|
$2.21
|
$2.21
|
$3.91
|
$2.03
|
$2.42
|
$1.41
|
$2.49
|
$2.16
|
$0.19
|
$0.19
|
|
Weighted Average Number of Shares Outstanding, Basic
|
|
38.4m
|
39.4m
|
39.5m
|
39.6m
|
39.2m
|
39.2m
|
39.9m
|
41.3m
|
43.7m
|
46.2m
|
|
Weighted Average Number of Shares Outstanding, Diluted
|
|
38.6m
|
39.6m
|
39.8m
|
39.8m
|
39.3m
|
39.2m
|
40.1m
|
41.4m
|
44.2m
|
46.6m
|
|
General and Administrative Expense
|
|
$17.4m
|
$17.5m
|
$19.2m
|
$18.5m
|
$19.7m
|
$21.5m
|
$23.7m
|
$24.3m
|
$27.2m
|
$31.1m
|
|
General and administrative expenses
|
|
$17.4m
|
$17.5m
|
$19.2m
|
$18.5m
|
$19.7m
|
$21.5m
|
$23.7m
|
$24.3m
|
$27.2m
|
$31.1m
|
|
Business Combination, Acquisition Related Costs
|
|
$179k
|
$56k
|
$84k
|
$365k
|
$299k
|
$4.4m
|
$828k
|
$1.1m
|
$819k
|
$8.2m
|
|
Real Estate Tax Expense
|
|
—
|
—
|
—
|
$16.8m
|
$15.1m
|
$15.4m
|
$15.5m
|
$13.3m
|
$12.9m
|
$10.8m
|
|
Transaction costs
|
|
$179k
|
$56k
|
$84k
|
$365k
|
$299k
|
$4.4m
|
$828k
|
$1.1m
|
$819k
|
$8.2m
|
|
Triple-net lease property tax expense
|
|
—
|
—
|
—
|
$16.8m
|
$15.1m
|
$15.4m
|
$15.5m
|
$13.3m
|
$12.9m
|
$10.8m
|
|
Interest Expense
|
|
$26.4m
|
$29.9m
|
$30.2m
|
$30.6m
|
$29.7m
|
$27.4m
|
$31.4m
|
$47.0m
|
$40.3m
|
$35.3m
|
|
Interest Expense Operating
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$40.3m
|
$35.3m
|
|
Total expenses
|
|
$81.2m
|
$86.8m
|
$87.1m
|
$105.5m
|
$107.8m
|
$108.0m
|
$113.9m
|
$144.6m
|
$125.4m
|
$223.4m
|
|
Income Tax Expense (Benefit)
|
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$179k
|