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Midas Edge

LTC PROPERTIES INC

For the period ended Sep 30, 2024. Filed Oct 28, 2024.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Oct 28, 2024

LTC$44.98+0.5%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Consolidated Statements of Equity

(amounts in thousands)

​​​​​​​​​​​​​​​​​​​​​​​​​​​​
​​​​​​​​Capital in​​Cumulative​​​​​​​​Total​​Non-​​​​
​ · ​ · Common Stock · ​ · ​ · Excess of · ​ · ​ · Net · ​ · ​ · Accumulated · ​ · ​ · Cumulative · ​ · ​ · Stockholder's · ​ · ​ · Controlling · ​ · ​ · Total · ​
​​Shares​​Amount​​Par Value​​Income​​OCI​​Distributions​​Equity​​Interests​​Equity​
Balance—December 31, 2022​41,262​$412​$931,124​$1,544,660​$8,719​$(1,656,548)​$828,367​$21,940​$850,307​
Issuance of common stock​48​​—​​1,697​​—​​—​​—​​1,697​​—​​1,697​
Issuance of restricted stock​128​​1​​(1)​​—​​—​​—​​—​​—​​—​
Common Stock cash distributions ($0.57 per share)​—​​—​​—​​—​​—​​(23,563)​​(23,563)​​—​​(23,563)​
Stock-based compensation expense​—​​—​​2,088​​—​​—​​—​​2,088​​—​​2,088​
Net income​—​​—​​—​​33,134​​—​​—​​33,134​​427​​33,561​
Cash paid for taxes in lieu of common shares​(41)​​—​​(1,538)​​—​​—​​—​​(1,538)​​—​​(1,538)​
Non-controlling interest contributions​—​​—​​—​​—​​—​​—​​—​​3,831​​3,831​
Non-controlling interest distributions​—​​—​​—​​—​​—​​—​​—​​(406)​​(406)​
Fair market valuation adjustment for interest rate swap​—​​—​​—​​—​​(1,362)​​—​​(1,362)​​—​​(1,362)​
Other​(1)​​—​​—​​—​​—​​—​​—​​—​​—​
Balance—March 31, 2023​41,396​$413​$933,370​$1,577,794​$7,357​$(1,680,111)​$838,823​$25,792​$864,615​
Issuance of restricted stock​15​​—​​—​​—​​—​​—​​—​​—​​—​
Common Stock cash distributions ($0.57 per share)​—​​—​​—​​—​​—​​(23,599)​​(23,599)​​—​​(23,599)​
Stock-based compensation expense​—​​—​​2,138​​—​​—​​—​​2,138​​—​​2,138​
Net income​—​​—​​—​​6,174​​—​​—​​6,174​​430​​6,604​
Cash paid for taxes in lieu of common shares​(2)​​—​​(81)​​—​​—​​—​​(81)​​—​​(81)​
Non-controlling interest contributions​—​​—​​—​​—​​—​​—​​—​​9,133​​9,133​
Non-controlling interest distributions​—​​—​​—​​—​​—​​—​​—​​(406)​​(406)​
Fair market valuation adjustment for interest rate swap​—​​—​​—​​—​​1,211​​—​​1,211​​—​​1,211​
Balance—June 30, 2023​41,409​$413​$935,427​$1,583,968​$8,568​$(1,703,710)​$824,666​$34,949​$859,615​
Issuance of common stock​—​​—​​—​​—​​—​​—​​—​​—​​—​
Issuance of restricted stock​3​​—​​—​​—​​—​​—​​—​​—​​—​
Common Stock cash distributions ($0.57 per share)​—​​—​​—​​—​​—​​(23,605)​​(23,605)​​—​​(23,605)​
Stock-based compensation expense​—​​—​​2,123​​—​​—​​—​​2,123​​—​​2,123​
Net income​—​​—​​—​​22,197​​—​​—​​22,197​​430​​22,627​
Non-controlling interest distributions​—​​—​​—​​—​​—​​—​​—​​(405)​​(405)​
Fair market valuation adjustment for interest rate swap​—​​—​​—​​—​​28​​—​​28​​—​​28​
Balance—September 30, 2023​41,412​$413​$937,550​$1,606,165​$8,596​$(1,727,315)​$825,409​$34,974​$860,383​
​​​​​​​​​​​​​​​​​​​​​​​​​​​​
Balance—December 31, 2023​43,022​$430​$991,656​$1,634,395​$6,110​$(1,751,312)​$881,279​$34,988​$916,267​
Issuance of common stock​139​​1​​4,336​​—​​—​​—​​4,337​​—​​4,337​
Issuance of restricted stock​160​​2​​(2)​​—​​—​​—​​—​​—​​—​
Common Stock cash distributions ($0.57 per share)​—​​—​​—​​—​​—​​(24,616)​​(24,616)​​—​​(24,616)​
Stock-based compensation expense​—​​—​​2,202​​—​​—​​—​​2,202​​—​​2,202​
Net income​—​​—​​—​​24,230​​—​​—​​24,230​​459​​24,689​
Fair market valuation adjustment for interest rate swap​—​​—​​—​​—​​378​​—​​378​​—​​378​
Cash paid for taxes in lieu of common shares​(50)​​—​​(1,532)​​—​​—​​—​​(1,532)​​—​​(1,532)​
Non-controlling interest contributions​—​​—​​—​​—​​—​​—​​—​​50​​50​
Non-controlling interest distributions​—​​—​​—​​—​​—​​—​​—​​(2,904)​​(2,904)​
Other​—​​—​​(29)​​—​​—​​—​​(29)​​—​​(29)​
Balance—March 31, 2024​43,271​$433​$996,631​$1,658,625​$6,488​$(1,775,928)​$886,249​$32,593​$918,842​
Issuance of common stock​204​​2​​6,519​​—​​—​​—​​6,521​​—​​6,521​
Issuance of restricted stock​16​​—​​—​​—​​—​​—​​—​​—​​—​
Common Stock cash distributions ($0.57 per share)​—​​—​​—​​—​​—​​(24,787)​​(24,787)​​—​​(24,787)​
Stock-based compensation expense​—​​—​​2,320​​—​​—​​—​​2,320​​—​​2,320​
Net income​—​​—​​—​​19,361​​—​​—​​19,361​​377​​19,738​
Fair market valuation adjustment for interest rate swap​—​​—​​—​​—​​(523)​​—​​(523)​​—​​(523)​
Cash paid for taxes in lieu of common shares​—​​—​​—​​—​​—​​—​​—​​—​​—​
Non-controlling interest contributions​—​​—​​—​​—​​—​​—​​—​​61,025​​61,025​
Non-controlling interest distributions​—​​—​​—​​—​​—​​—​​—​​(377)​​(377)​
Other​—​​—​​(2)​​—​​—​​—​​(2)​​—​​(2)​
Balance—June 30, 2024​43,491​$435​$1,005,468​$1,677,986​$5,965​$(1,800,715)​$889,139​$93,618​$982,757​
Issuance of common stock​1,543​​15​​54,637​​—​​—​​—​​54,652​​—​​54,652​
Common Stock cash distributions ($0.57 per share)​—​​—​​—​​—​​—​​(25,281)​​(25,281)​​—​​(25,281)​
Stock-based compensation expense​—​​—​​2,269​​—​​—​​—​​2,269​​—​​2,269​
Net income​—​​—​​—​​29,366​​—​​—​​29,366​​1,496​​30,862​
Fair market valuation adjustment for interest rate swap​—​​—​​—​​—​​(2,326)​​—​​(2,326)​​—​​(2,326)​
Non-controlling interest distributions​—​​—​​—​​—​​—​​—​​—​​(1,496)​​(1,496)​
Balance—September 30, 2024​45,034​$450​$1,062,374​$1,707,352​$3,639​$(1,825,996)​$947,819​$93,618​$1,041,437​
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.