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LTC PROPERTIES   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2024202320222021202020192018201720162015
Period End Date12/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Rental income132.28127.35128.24121.13126.09152.76135.41137.66133.53113.08
Interest income from mortgage loans and notes receivable45.2247.7340.6032.8131.4029.9928.2026.7727.3222.12
Interest and other income10.696.934.551.391.852.565.043.640.741.00
Interest income from REMIC Certificates--------------------
Interest income from financing receivable21.6615.241.76--------------
Total Revenues209.85197.24175.15155.32159.34185.30168.65168.07161.58136.20
Depreciation and amortization36.3737.4237.5038.3039.0739.2237.5637.6135.9329.43
General and administrative expenses27.2424.2923.7121.4619.7118.4519.1917.5117.4115.12
Legal expenses--------------------
Operating and other expenses--------------------
Interest expense(40.34)(47.01)(31.44)(27.38)(29.71)(30.58)(30.20)(29.95)(26.44)(17.50)
Provisions for doubtful accounts(0.74)(5.68)(1.53)(1.02)0.00(0.17)(0.09)0.21(0.46)(0.62)
Acquisition costs------------------(0.61)
Transaction costs(0.82)(1.14)(0.83)(4.43)(0.30)(0.37)(0.08)(0.06)(0.18)--
Impairment of real estate for sale(6.95)(15.78)(3.42)0.00(3.98)----(1.88)(0.77)(2.25)
Gain (loss) on sale of real estate, net7.9837.3037.837.4644.122.1170.68------
Property tax expense(12.93)(13.27)(15.49)(15.39)(15.07)(16.76)--------
Total expenses125.39144.58113.90107.98107.82105.5487.1286.8081.1965.53
Operating income92.4489.9699.0854.8195.6381.87152.2181.2680.4070.68
Interest expense--------------------
Impairment charge--------------------
Gain (loss) on sale of assets, net--------------3.813.580.59
Income from unconsolidated joint ventures2.441.501.501.420.432.392.862.261.141.82
Loss on unconsolidated joint ventures----0.000.00(0.76)----------
Non-operating income--------------------
Gain from property insurance proceeds----0.000.000.372.11--------
Impairment loss from investments in unconsolidated joint ventures------0.00--(5.50)--------
Income before Minority Interest----------80.87----85.12--
Minority interest--------------------
Income from continuing operations------------------73.08
Discontinued operations: Income from discontinued operations--------------------
Discontinued operations: Gain (loss) on sale of assets, net--------------------
Consolidated net income (loss)94.8891.46100.5856.2295.6880.87155.0887.3485.1273.08
Income allocated to noncontrolling interests3.841.730.560.360.380.350.10------
Net Income attributable to LTC Properties,Inc91.0489.74100.0255.86------------
Less: Preferred stock dividends--------------------
Preferred stock redemption charge--------------------
Preferred stock buyback--------------------
Income allocated to preferred stockholders--------------0.000.002.45
Income allocated to participating securities0.680.590.580.460.420.390.630.360.390.48
Net income (loss) available to common shareholders90.3689.1599.4455.4094.8780.14154.3686.9884.7370.14
Earnings Per Share (Basic) - Cont Ops------------------1.97
Earnings Per Share (Basic) - Disc Ops--------------------
Net Earnings Per Share (Basic)2.072.162.491.412.422.033.912.212.211.97
Earnings Per Share (Diluted) - Cont Ops------------------1.94
Earnings Per Share (Diluted) - Disc Ops--------------------
Net Earnings Per Share (Diluted)2.042.162.481.412.422.023.892.202.211.94
Weighted Average Shares Outstanding (Basic)43.7441.2739.8939.1639.1839.5739.4839.4138.3935.59
Weighted Average Shares Outstanding (Diluted)44.2441.3640.0739.1639.2639.7639.8439.6438.6037.33
Funds From Operations (FFO)126.38105.63--86.2494.56122.75121.23122.65117.85101.24