LTC PROPERTIES INC LTC Income Statement

Ltc properties inc (LTC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Rental income
38,035	38,189	38,665	38,277	37,624	32,759	34,211	33,930	34,505	34,124	33,233	35,265	35,035	34,822	33,753	33,072	31,880	30,755	28,531	27,116	26,678	26,474	25,098	25,025	25,252	24,471	24,645	24,539	24,511	22,103	21,908	21,139	20,872	18,957	19,620	19,337	18,182	16,227	15,790
Interest income from mortgage loans
7,777	7,683	7,646	7,351	7,311	7,290	7,087	7,007	6,816	6,719	6,677	6,625	6,748	6,974	6,958	6,811	6,578	6,342	6,117	5,053	4,607	4,108	4,213	4,139	4,093	3,103	1,086	1,050	1,059	1,135	1,398	1,431	1,532	1,560	1,582	1,613	1,656	1,868	1,836
Interest and other income
598	591	808	638	521	3,538	478	535	489	886	1,336	578	839	345	131	113	146	296	295	218	195	173	230	63	93	231	94	92	93	147	96	485	236	237	229	230	415	264	299
Total revenues
46,410	46,463	47,119	46,266	45,456	43,587	41,776	41,472	41,810	41,729	41,246	42,468	42,622	42,141	40,842	39,996	38,604	37,393	34,943	32,387	31,480	30,755	29,541	29,227	29,438	27,805	25,825	25,681	25,663	23,385	23,402	23,055	22,640	20,754	21,431	21,180	20,253	18,359	17,925
Expenses:
Interest expense
7,710	7,578	7,827	7,710	7,467	7,215	7,497	7,655	7,829	7,683	7,644	7,151	7,471	6,856	6,836	6,750	6,000	5,581	4,296	3,854	3,766	3,683	3,170	3,088	3,187	2,852	2,581	2,798	3,133	2,907	2,988	2,004	2,033	1,993	1,794	1,543	1,104	852	419
Depreciation and amortization
9,669	9,817	9,932	9,860	9,607	9,396	9,447	9,268	9,444	9,424	9,519	9,308	9,359	9,309	9,155	8,907	8,561	8,310	7,365	6,977	6,779	6,594	6,335	6,302	6,298	5,990	6,139	6,124	6,136	5,298	5,793	5,355	5,167	4,612	4,949	4,918	4,432	4,010	3,880
Impairment charges
-	-	-	-	-	-	-	-	-	-	-	1,880	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for doubtful accounts
1	13	-14	84	83	11	106	-38	8	-67	-96	-5	-38	212	43	118	84	-	31	429	-	-	40	11	-	-	-	-	-	-	-	-	-	-	-	-	-	60	51
Transaction costs
70	-	75	200	-	65	9	6	4	0	34	0	22	83	2	4	90	-	570	14	-	-	2	-	-	-	-	-	-	-	-	-	-	-	60	35	130	4	30
Property tax expense
4,223	4,189	4,270	3,910	4,386	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expenses
5,100	4,541	4,745	4,596	4,571	4,801	4,879	4,716	4,797	4,243	4,144	4,386	4,740	4,548	4,464	4,117	4,283	3,841	3,708	3,938	3,499	3,123	2,872	2,693	2,949	2,577	2,676	2,869	3,418	3,234	2,370	2,604	2,524	2,849	2,180	2,323	2,314	1,896	1,872
Total expenses
26,773	26,228	26,835	26,360	26,114	21,488	21,938	21,607	22,082	21,283	21,245	22,720	21,554	21,774	20,500	19,896	19,018	20,301	15,970	15,212	14,044	13,574	12,419	12,094	12,434	13,695	11,396	11,791	12,687	11,338	11,151	9,963	9,724	9,216	8,983	8,819	7,980	6,822	6,252
Other operating income:
Gain on sale of real estate, net
43,854	-	6,236	500	-	-	14,353	48,345	-	-	-	5,054	-	-	1,780	1,802	-	-	-	-	-	-	-	1,140	-	-	2,619	-1,014	-	0	0	0	16	-	-	-	-	-	-
Operating income
63,491	15,605	26,520	20,406	19,342	30,083	34,191	68,210	19,728	24,260	20,001	19,748	21,068	23,949	20,342	20,100	19,586	17,092	18,973	17,175	17,436	17,181	17,122	17,133	17,004	-	14,429	13,890	-	-	-	-	-	-	-	-	-	-	-
Income from unconsolidated joint ventures
231	415	760	128	1,085	761	746	726	631	628	615	575	445	299	289	278	272	276	674	753	116	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,429	13,890	-	12,047	12,251	13,092	12,916	11,538	12,448	12,361	12,273	11,537	11,673
Discontinued operations:
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	238	27	-	-	253	21	-	1,066	-25	-99	-119	25	-43
Net income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,857	-987	-	731	253	21	16	1,066	-25	-99	-119	25	-43
Net income
63,722	12,631	27,280	20,534	20,427	30,844	34,937	68,936	20,359	19,834	20,616	25,377	21,513	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,778	12,504	13,113	12,932	12,604	12,423	12,262	12,154	11,562	11,630
Income allocated to non-controlling interests
89	89	88	88	81	-	17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	9	10	11	47	48	48	48	48	48
Net income attributable to LTC Properties, Inc.
63,633	12,542	27,192	20,446	20,346	30,766	34,920	68,936	20,359	19,834	20,616	25,377	21,513	20,666	22,411	22,180	19,858	-	19,647	17,928	17,552	21,000	17,122	18,273	17,004	14,650	17,286	12,903	12,976	12,771	12,495	13,103	12,921	12,557	12,375	12,214	12,106	11,514	11,582
Income allocated to participating securities
263	93	112	94	92	121	138	278	88	81	80	104	97	89	90	105	101	114	121	126	123	138	123	117	103	99	95	91	98	98	94	91	94	83	85	85	89	54	58
Income allocated to preferred stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	818	818	818	819	818	818	818	819	818	818	818	819	818	818	818	818	818	818	6,624	5,889	3,785
Net income available to common stockholders
63,370	12,449	27,080	20,352	20,254	30,645	34,782	68,658	20,271	19,753	20,536	25,273	21,416	20,577	22,321	22,075	19,757	17,840	18,708	16,984	16,611	20,043	16,181	17,338	16,083	13,732	16,373	11,994	12,060	11,854	11,583	12,194	12,009	11,656	11,472	11,311	5,393	5,571	7,739
Earnings per common share:
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.39	0.39	-	0.37	0.37	0.40	0.40	0.37	0.38	0.38	0.21	0.22	0.33
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.08	-0.03	-	0.02	0.01	0.00	0.00	0.03	0.00	0.00	0.00	0.00	0.00
Basic (in dollars per share)
1.60	0.33	0.68	0.51	0.51	0.78	0.88	1.74	0.51	0.51	0.52	0.64	0.54	0.53	0.57	0.58	0.53	0.49	0.53	0.48	0.47	0.57	0.47	0.50	0.47	0.41	0.47	0.36	0.40	0.40	0.38	0.40	0.40	0.40	0.38	0.38	0.20	0.22	0.33
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.39	0.39	-	0.37	0.37	0.40	0.40	0.36	0.38	0.38	0.21	0.22	0.33
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.08	-0.03	-	0.02	0.01	0.00	0.00	0.02	0.00	0.00	0.00	0.00	0.00
Diluted (in dollars per share)
1.60	0.32	0.68	0.51	0.51	0.77	0.88	1.73	0.51	0.50	0.52	0.64	0.54	0.53	0.57	0.58	0.53	0.47	0.52	0.48	0.47	0.57	0.46	0.50	0.46	0.40	0.47	0.36	0.40	0.39	0.38	0.40	0.40	0.41	0.38	0.37	0.20	0.22	0.33
Weighted average shares used to calculate earnings per common share:
Basic (in shares)
39,539	39,589	39,586	39,577	39,532	39,499	39,487	39,471	39,451	39,428	39,428	39,414	39,366	39,080	39,057	37,969	37,446	36,443	35,341	35,299	35,277	34,680	34,605	34,597	34,586	34,613	34,553	32,913	30,365	30,297	30,253	30,213	30,189	30,194	30,137	30,135	26,310	24,930	23,643
Diluted (in shares)
39,541	39,428	39,965	39,769	39,874	40,272	39,865	39,765	39,454	39,394	39,748	39,794	39,612	39,430	39,335	38,164	37,459	37,361	37,352	37,311	37,292	36,699	36,629	36,621	36,611	32,643	36,580	32,946	30,399	30,327	30,293	30,258	30,234	30,224	30,156	30,168	26,340	24,945	23,743
Dividends declared and paid per common share (in dollars per share)
0.57	-	0.57	0.57	0.57	-	0.57	0.57	0.57	-	0.57	0.57	0.57	-	0.54	0.54	0.54	-	0.51	0.51	0.51	-	-	-	0.51	-	0.46	0.46	0.46	-	0.45	-	-	-	-	-	-	-	-
Dividends paid per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	0.57	-	0.54	0.54	0.54	-	0.51	0.51	-	-	0.51	0.51	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive Income:
Comprehensive income
63,722	12,631	27,280	20,534	20,427	30,844	34,937	68,936	20,359	19,834	20,616	25,377	21,513	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-