================================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20459

                                   ----------

                                    FORM 8-K

                 CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934


                          Date of report: July 24, 2006
                        (Date of earliest event reported)


                              LTC PROPERTIES, INC.
             (Exact name of Registrant as specified in its charter)


            Maryland                      1-11314                 71-0720518
(State or other jurisdiction of         (Commission            (I.R.S. Employer
 incorporation or organization)         file number)          Identification No)



                        31365 Oak Crest Drive, Suite 200
                           Westlake Village, CA 91361
                    (Address of principal executive offices)


                                 (805) 981-8655
              (Registrant's telephone number, including area code)


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))

================================================================================



Item 2.02. -- Results of Operations and Financial Condition

On July 24, 2006, LTC Properties,  Inc.  announced the operating results for the
second  quarter ended June 30, 2006. A copy of the press release is furnished as
Exhibit  99.1 to this Form 8-K and is  incorporated  herein by  reference.  Such
information  shall not be deemed  "filed" for the  purposes of Section 18 of the
Securities  Exchange  Act of  1934,  as  amended,  and is  not  incorporated  by
reference into any filing of the company,  whether made before or after the date
hereof, regardless of any general incorporation language in such filing.


Item 9.01. -- Financial Statements and Exhibits

(a) Financial Statements of Business Acquired.

None.

(b) Pro Forma Financial Information

None.

(d) Exhibits.

99.1    Press Release issued July 24, 2006.








                                    SIGNATURE


Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the  Registrant  has duly  caused  this report to be signed on its
behalf by the undersigned, hereunto duly authorized.

                                          LTC PROPERTIES, INC.



Dated: July 24, 2006                      By: /s/ Wendy L. Simpson
                                              ----------------------------------
                                              Wendy L. Simpson
                                              President, COO, CFO and Treasurer