Form: 8-K

Current report

March 7, 1997

Documents

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Published on March 7, 1997



EXHIBIT 12

LTC PROPERTIES, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
(unaudited)





PERIOD ENDED DECEMBER 31,
-----------------------------------------------
1996 1995 1994 1993 1992(1)


Net income $22,537 $20,040 $15,338 $ 6,847 $ 763

Add Fixed Charges:
Interest expense including
amortization of debt issue costs 20,604 9,407 6,563 6,400 2,597


Minority interest (2) 898 57 - - -
------- ------- ------- ------- ------
Earnings 44,039 29,504 21,901 13,247 3,360

Interest expense including
amortization of debt issue costs 20,604 9,407 6,563 6,400 2,597

Minority interest (2) 898 57 - - -
------- ------- ------- ------- ------
Fixed charges 21,502 9,464 6,563 6,400 2,597

Ratio of earnings to fixed charges 2.05x 3.12x 3.34x 2.07x 1.29x
======= ======= ======= ======= ======

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1) From August 25, 1992 (commencement of operations) to December 31, 1992
2) Fixed distribution to minority interests