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In millions, except per share items | Jun-30-23 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 | Jun-30-21 | Mar-31-21 | Dec-31-20 |
| 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K |
Revenues: | | | | | | | | |
Rental income | | 121.3 | 119.5 | 121.1 | 128.9 | 129.6 | 120.0 | 126.1 |
Interest income from mortgage loans | | 36.7 | 34.5 | 32.8 | 31.7 | 31.7 | 31.5 | 31.4 |
Interest and other income | | 2.7 | 1.8 | 1.4 | 1.6 | 1.6 | 1.6 | 1.8 |
Total revenues | | 160.7 | 155.8 | 155.3 | 162.2 | 162.9 | 153.2 | 159.3 |
Total revenues growth | | -1.3% | 1.7% | -2.5% | 1.6% | -3.3% | -17.7% | -14.0% |
Expenses: | | | | | | | | |
Interest expense | | -28.2 | -27.5 | -27.4 | -27.5 | -28.3 | -29.0 | -29.7 |
Depreciation and amortization | | 37.7 | 37.9 | 38.3 | 38.7 | 39.0 | 39.3 | 39.1 |
Impairment loss | | | | | | | | 4.0 |
Provision for credit losses | | 1.7 | 1.4 | 1.0 | 0.1 | | 0.0 | 0.0 |
Transaction costs | | 4.3 | 4.4 | 4.4 | 4.4 | 0.4 | 0.3 | 0.3 |
Property tax expense | | 15.6 | 15.4 | 15.4 | 15.1 | 14.5 | 14.8 | 15.1 |
General and administrative expenses | | 22.6 | 22.2 | 21.5 | 20.9 | 20.4 | 19.6 | 19.7 |
Total expenses | | 110.2 | 108.8 | 108.0 | 109.7 | 106.5 | 107.0 | 107.8 |
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Other operating income: | | | | | | | | |
Gain on sale of real estate, net | | 41.0 | 8.3 | 7.5 | 7.4 | 4.8 | -0.5 | 44.1 |
Operating income | | 91.5 | 55.4 | 54.8 | 59.9 | 61.1 | 45.7 | 95.6 |
Operating margin | | 57.0% | 35.5% | 35.3% | 36.9% | 37.5% | 29.8% | 60.0% |
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Income from unconsolidated joint ventures | | | | | | | | |
Net income | | 93.0 | 56.9 | 56.2 | 61.0 | 62.2 | 45.8 | 95.7 |
Income allocated to non-controlling interests | | -0.4 | -0.4 | -0.4 | -0.4 | -0.4 | -0.4 | -0.4 |
Net income attributable to LTC Properties, Inc. | | 92.7 | 56.5 | 55.9 | 60.6 | 61.8 | 45.4 | 95.3 |
Income allocated to participating securities | | -0.5 | -0.5 | -0.5 | -0.4 | -0.4 | -0.4 | -0.4 |
Net income available to common stockholders | | 92.0 | 56.0 | 55.4 | 60.2 | 61.4 | 45.0 | 94.7 |
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Earnings per common share: | | | | | | | | |
Basic (in dollars per share) | | $14,275,001.97 | $14,275,001.06 | $13,642,001.06 | $13,642,001.19 | $13,642,001.22 | $13,642,000.81 | $2.41 |
Diluted (in dollars per share) | | $2.32 | $1.42 | $1.41 | $1.54 | $1.57 | $1.16 | $2.41 |
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Weighted average shares used to calculate earnings per common share: | | | | | | | | |
Basic (in shares) | | 39.3 | 39.2 | 39.2 | 39.2 | 39.1 | 39.1 | 39.2 |
Diluted (in shares) | | 39.3 | 39.2 | 39.2 | 39.2 | 39.2 | 39.2 | 39.3 |
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Dividends declared and paid per common share (in dollars per share) | | $1.71 | $1.71 | | $1.71 | $1.71 | $1.71 | |
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