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Exhibit 11
MEDITRUST
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
(000 omitted except for per share amounts)
Quarter ended Six months ended
June 30, June 30,
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1995 1994 1995 1994
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Primary
Weighted average shares 49,194 34,192 44,917 33,817
Dilutive effect of:
Stock options 203 107 145 105
Warrants N/A 34 N/A 42
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Weighted average number of shares and
equivalent shares outstanding 49,397 34,333 45,062 33,964
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Net income 30,929 $19,008 $55,112 $36,713
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Net income per share (A) $.63 $.55 $1.22 $1.08
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<FN>
(A) This calculation is submitted in accordance with Regulation S-K item
601(b)(11) although not required by footnote 2 to paragraph 14 of
APB Opinion No. 15 because it results in dilution of less than 3%.
Fully Diluted
Weighted average number of shares used
in primary calculation 49,397 34,333 45,062 33,964
Dilutive effect of:
Stock options 21
Assumed conversion of debentures 6,542 7,673 13,216 7,165
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Fully diluted weighted average shares
and equivalent shares outstanding 55,960 42,006 58,278 41,129
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Net income $30,929 $19,008 $55,112 $36,713
Interest and debt amortization on assumed
conversion of debentures 4,824 5,056 9,296 9,315
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Adjusted net income for fully diluted calculation $35,753 $24,064 $64,408 $46,028
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Net income per share (B) $.64 $.57 $1.25 $1.12
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<FN>
(B) This calculation is submitted in accordance with Regulation S-K item
601(b)(11) although it is contrary to paragraph 40 of APB Opinion
No 15 because it produces anti-dilutive results.
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