Omega Healthcare Investors (OHI) 10-K 2009 FY Annual report

Exhibit 12.2

RATIO OF EARNINGS TO

COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

The following table sets forth our ratio of earnings to combined fixed charges and preferred stock dividends on a reported basis for the periods indicated.  Earnings consist of income from continuing operations plus fixed charges.  Fixed charges consist of interest expense and amortization of deferred financing costs.  We have calculated the ratio of earnings to combined fixed charges and preferred stock dividends by adding net income from continuing operations to fixed charges and dividing that sum by such fixed charges plus preferred dividends, irrespective of whether or not such dividends were actually paid.

	Year Ended December 31,
	2005			2006			2007			2008			2009
	(in thousands)
Income from continuing operations before income taxes	$	39,674		$	58,252		$	67,591		$	77,619		$	82,111
Interest expense		34,771			47,611			44,092			39,746			39,075
Income before fixed charges	$	74,445		$	105,863		$	111,683		$	117,365		$	121,186
Interest expense	$	34,771		$	47,611		$	44,092		$	39,746		$	39,075
Preferred stock dividends		11,385			9,923			9,923			9,714			9,086
Total fixed charges and preferred dividends	$	46,156		$	57,534		$	54,015		$	49,460		$	48,161
Earnings / combined fixed charges and preferred dividends coverage ratio		1.6	x		1.8	x		2.1	x		2.4	x		2.5	x