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REGIONAL EARNINGS

LTC Properties Reports Net Income of $1.1 Million

April 27, 1993

LTC Properties Inc., an Oxnard-based real estate investment trust that invests in nursing homes, posted net income of $1.1 million on revenue of $3.4 million for the first quarter ended March 31.

The trust had no results for the same period a year ago, because it began operations in late August, when it also completed its initial public stock offering.

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