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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 18, 1996
OASIS RESIDENTIAL, INC.
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(Exact name of registrant as specified in its charter)
NEVADA 1-12428 88-0297457
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File No.) Identification No.)
4041 East Sunset Road, Henderson, Nevada 89014
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(Address of principal executive offices) (Zip Code)
(702) 435-9800
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(Registrant's telephone number, including area code)
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(Former name or former address, if changed since last report)
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 1. Change in Control of Registrant.
Not Applicable
Item 2. Acquisition or Disposition of Assets.
Not Applicable
Item 3. Bankruptcy or Receivership.
Not Applicable
Item 4. Changes in Registrant's Certifying Accountant.
Not Applicable
Item 5. Other Events.
Oasis Residential, Inc. announced that its fixed charge coverage ratio
for the nine months ended September 31, 1996 and 1995 and the years
ended December 31, 1995 and 1994 were as follows:
<TABLE>
<CAPTION>
Nine Months Ended Year Ended
September 30, December 31,
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1996 1995 1995 1994
---- ---- ---- ----
<S> <C> <C> <C> <C>
Fixed Charge Coverage Ratio 1.76 2.14 2.10 2.19
</TABLE>
The fixed charge coverage ratio is computed by dividing the Company's
earnings by fixed charges. For this purpose, earnings consist of
pre-tax income from continuing operations plus interest expense and
amortization of debt issuance costs. Fixed charges consist of interest
expense, capitalized interest and amortization of debt issuance costs.
Item 6. Resignations of Registrants Directors.
Not Applicable
Item 7. Financial Statements and Exhibits.
Not Applicable
Item 8. Change in Fiscal Year.
Not Applicable
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Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
OASIS RESIDENTIAL, INC.
A Nevada corporation
Date: November 18, 1996 By: /s/ JOHN M. CLAYTON
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John M. Clayton
Vice President and
Chief Financial Officer
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