LTC Properties Inc. (LTC) Financial Statements (2024 and earlier)

Company Profile

Business Address 3011 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,28610,3795,1617,7724,2442,656
Cash and cash equivalents20,28610,3795,1617,7724,2442,656
Restricted cash and investments      2,108
Total current assets:20,28610,3795,1617,7724,2444,764
Noncurrent Assets
Property, plant and equipment121,725124,665123,239127,774126,703125,358
Intangible assets, net (including goodwill) 13,143     
Intangible assets, net (excluding goodwill) 13,143     
Deferred costs    2,4622,55214,443
Total noncurrent assets:134,868124,665123,239130,236129,255139,801
Other undisclosed assets1,699,9441,521,0591,376,4251,321,4781,380,7101,369,055
TOTAL ASSETS:1,855,0981,656,1031,504,8251,459,4861,514,2091,513,620
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities938,831805,796759,698683,680728,783680,649
Total liabilities:938,831805,796759,698683,680728,783680,649
Equity
Equity, attributable to parent, including:881,279828,367736,714767,402776,943825,490
Common stock430412394392398397
Additional paid in capital991,656931,124856,895852,780867,346862,712
Accumulated other comprehensive income (loss)6,1108,719(172)   
Retained earnings1,634,3951,544,6601,444,6361,388,7751,293,4821,255,764
Other undisclosed equity, attributable to parent(1,751,312)(1,656,548)(1,565,039)(1,474,545)(1,384,283)(1,293,383)
Equity, attributable to noncontrolling interest34,98821,9408,4138,4048,4837,481
Total equity:916,267850,307745,127775,806785,426832,971
TOTAL LIABILITIES AND EQUITY:1,855,0981,656,1031,504,8251,459,4861,514,2091,513,620

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues197,244175,153155,322159,337185,304168,645
Operating leases, income statement, lease revenue135,405
Operating lease, lease income127,350128,244121,125126,094152,755
Net investment income47,72540,60032,81131,39629,99128,200
Cost of revenue(76,058)(50,345)(42,767)(48,747)(47,337)(30,196)
Provision for loan, lease, and other losses(26)(256)(758)(23,214)(1,926)37
Gross profit:121,186124,808112,555110,590137,967138,449
Operating expenses(68,524)(63,558)(65,210)(59,077)(58,200)(56,919)
Other undisclosed operating income37,29637,8307,46244,1172,10670,682
Operating income:89,95899,08054,80795,63081,873152,212
Interest and debt expense(47,014)(31,437)(27,375)(29,705)(30,582)(30,196)
Income from continuing operations before equity method investments, income taxes:42,94467,64327,43265,92551,291122,016
Income from equity method investments   1,4174322,3882,864
Income from continuing operations:42,94467,64328,84966,35753,679124,880
Income before gain (loss) on sale of properties:28,84966,35753,679124,880
Other undisclosed net income48,51832,94127,37529,32027,19330,196
Net income:91,462100,58456,22495,67780,872155,076
Net loss attributable to noncontrolling interest(1,727)(560)(363)(384)(346)(95)
Net income attributable to parent:89,735100,02455,86195,29380,526154,981
Undistributed earnings (loss) allocated to participating securities, basic  (49) (25)(19)(268)
Other undisclosed net loss available to common stockholders, basic(587)(531)(458)(397)(372)(357)
Net income available to common stockholders, basic:89,14899,44455,40394,87180,135154,356
Dilutive securities, effect on basic earnings per share      625
Net income available to common stockholders, diluted:89,14899,44455,40394,87180,135154,981

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:91,462100,58456,22495,67780,872155,076
Other undisclosed comprehensive income (loss)(2,609)8,891    
Comprehensive income:88,853109,47556,22495,67780,872155,076
Comprehensive loss, net of tax, attributable to noncontrolling interest(1,727)(560)(363)(384)(346)(95)
Other undisclosed comprehensive income, net of tax, attributable to parent    38434695
Comprehensive income, net of tax, attributable to parent:87,126108,91555,86195,67780,872155,076

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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