LTC PROPERTIES INC LTC Income Statement

Ltc properties inc (LTC)

Income statement / TTM

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
153,166	152,755	147,325	142,871	138,524	135,405	136,770	135,792	137,127	137,657	138,355	138,875	136,682	133,527	129,460	124,238	118,282	113,080	108,799	105,366	103,275	101,849	99,846	99,393	98,907	98,166	95,798	93,061	89,661	86,022	82,876	80,588	78,786	76,096	73,366	69,536	0	0	0
Interest income from mortgage loans
30,457	29,991	29,598	29,039	28,695	28,200	27,629	27,219	26,837	26,769	27,024	27,305	27,491	27,321	26,689	25,848	24,090	22,119	19,885	17,981	17,067	16,553	15,548	12,421	9,332	6,298	4,330	4,642	5,023	5,496	5,921	6,105	6,287	6,411	6,719	6,973	0	0	0
Interest and other income
2,635	2,558	5,505	5,175	5,072	5,040	2,388	3,246	3,289	3,639	3,098	1,893	1,428	735	686	850	955	1,004	881	816	661	559	617	481	510	510	426	428	821	964	1,054	1,187	932	1,111	1,138	1,208	0	0	0
Total revenues
186,258	185,304	182,428	177,085	172,291	168,645	166,787	166,257	167,253	168,065	168,477	168,073	165,601	161,583	156,835	150,936	143,327	136,203	129,565	124,163	121,003	118,961	116,011	112,295	108,749	104,974	100,554	98,131	95,505	92,482	89,851	87,880	86,005	83,618	81,223	77,717	0	0	0
Expenses:
Interest expense
30,825	30,582	30,219	29,889	29,834	30,196	30,664	30,811	30,307	29,949	29,122	28,314	27,913	26,442	25,167	22,627	19,731	17,497	15,599	14,473	13,707	13,128	12,297	11,708	11,418	11,364	11,419	11,826	11,032	9,932	9,018	7,824	7,363	6,434	5,293	3,918	0	0	0
Depreciation and amortization
39,278	39,216	38,795	38,310	37,718	37,555	37,583	37,655	37,695	37,610	37,495	37,131	36,730	35,932	34,933	33,143	31,213	29,431	27,715	26,685	26,010	25,529	24,925	24,729	24,551	24,389	23,697	23,351	22,582	21,613	20,927	20,083	19,646	18,911	18,309	17,240	0	0	0
Impairment charges
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for doubtful accounts
84	166	164	284	162	87	9	-193	-160	-206	73	212	335	457	276	662	0	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Transaction costs
0	-	0	0	-	84	19	44	38	56	139	107	111	179	666	678	0	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	229	199	0	0	0
Property tax expense
16,592	16,755	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expenses
18,982	18,453	18,713	18,847	18,967	19,193	18,635	17,900	17,570	17,513	17,818	18,138	17,869	17,412	16,705	15,949	15,770	14,986	14,268	13,432	12,187	11,637	11,091	10,895	11,071	11,540	12,197	11,891	11,626	10,732	10,347	10,157	9,876	9,666	8,713	8,405	0	0	0
Total expenses
106,196	105,537	100,797	95,900	91,147	87,115	86,910	86,217	87,330	86,802	87,293	86,548	83,724	81,188	79,715	75,185	70,501	65,527	58,800	55,249	52,131	50,521	50,642	49,619	49,316	49,569	47,212	46,967	45,139	42,176	40,054	37,886	36,742	34,998	32,604	29,873	0	0	0
Other operating income:
Gain on sale of real estate, net
0	-	0	0	-	-	0	0	-	-	-	0	-	-	0	0	-	-	-	-	-	-	-	0	-	-	0	0	-	16	0	0	0	-	-	-	-	-	-
Operating income
126,022	81,873	96,351	104,022	151,826	152,212	146,389	132,199	83,737	85,077	84,766	85,107	85,459	83,977	77,120	75,751	72,826	70,676	70,765	68,914	68,872	68,440	65,688	62,456	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Income from unconsolidated joint ventures
1,534	2,388	2,734	2,720	3,318	2,864	2,731	2,600	2,449	2,263	1,934	1,608	1,311	1,138	1,115	1,500	1,975	1,819	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	50,306	49,797	49,994	49,263	48,620	48,619	47,844	0	0	0
Discontinued operations:
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	823	-218	-236	0	0	0
Net income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	1,021	1,356	1,078	958	823	-218	-236	0	0	0
Net income
124,167	80,872	99,085	106,742	155,144	155,076	144,066	129,745	86,186	87,340	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51,327	51,153	51,072	50,221	49,443	48,401	47,608	0	0	0
Income allocated to non-controlling interests
354	346	274	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37	77	116	154	191	192	192	0	0	0
Net income attributable to LTC Properties, Inc.
123,813	80,526	98,750	106,478	154,968	154,981	144,049	129,745	86,186	87,340	88,172	89,967	86,770	85,115	82,403	79,639	75,387	-	76,127	73,602	73,947	73,399	67,049	67,213	61,843	57,815	55,936	51,145	51,345	51,290	51,076	50,956	50,067	49,252	48,209	47,416	0	0	0
Income allocated to participating securities
562	391	419	445	629	625	585	527	353	362	370	380	381	385	410	441	462	484	508	510	501	481	442	414	388	383	382	381	381	377	362	353	347	342	313	286	0	0	0
Income allocated to preferred stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,454	3,273	3,273	3,273	3,273	3,273	3,273	3,273	3,273	3,273	3,273	3,273	3,273	3,272	3,272	3,272	9,078	14,149	17,116	0	0	0
Net income available to common stockholders
123,251	80,135	98,331	106,033	154,339	154,356	143,464	129,218	85,833	86,978	87,802	89,587	86,389	84,730	81,993	78,380	73,289	70,143	72,346	69,819	70,173	69,645	63,334	63,526	58,182	54,159	52,281	47,491	47,691	47,640	47,442	47,331	46,448	39,832	33,747	30,014	0	0	0
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
124,167	80,872	99,085	106,742	155,144	155,076	144,066	129,745	86,186	87,340	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-