Exhibit 12
WASHINGTON REAL ESTATE INVESTMENT TRUST
Computation of Ratios
(In thousands)

Earnings to fixed charges ratio:
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2013
 
2012
 
2013
 
2012
Income from continuing operations
$
1,709

 
$
2,604

 
$
4,104

 
$
7,384

Additions:
 
 
 
 
 
 
 
   Fixed charges
 
 
 
 
 
 
 
       Interest expense
15,930

 
14,886

 
47,944

 
43,983

       Capitalized interest
124

 
392

 
607

 
1,250

 
16,054

 
15,278

 
48,551

 
45,233

Deductions:
 
 
 
 
 
 
 
       Capitalized interest
(124
)
 
(392
)
 
(607
)
 
(1,250
)
Adjusted earnings
17,639

 
17,490

 
52,048

 
51,367

Fixed charges (from above)
$
16,054

 
$
15,278

 
$
48,551

 
$
45,233

Ratio of earnings to fixed charges
1.10

 
1.14

 
1.07

 
1.14

 
 
 
 
 
 
 
 
Note: Certain prior period amounts have been reclassified to conform to the current period presentation due to the reclassification of certain properties as discontinued operations (see note 3 to the consolidated financial statements).

Debt service coverage ratio:
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2013
 
2012
 
2013
 
2012
Net income attributable to the controlling interests
$
5,840

 
$
9,561

 
18,438

 
$
20,750

Additions:
 
 
 
 
 
 
 
       Interest expense (1)
16,259

 
16,049

 
48,929

 
47,477

       Real estate depreciation and amortization (1)
24,383

 
26,218

 
75,489

 
77,803

       Income tax expense
6

 
17

 
30

 
188

       Non-real estate depreciation
203

 
254

 
614

 
783

 
40,851

 
42,538

 
125,062

 
126,251

Deductions:
 
 
 
 
 
 
 
       Gain on sale of real estate

 
(3,724
)
 
(3,195
)
 
(3,724
)
Adjusted EBITDA
46,691

 
48,375

 
140,305

 
143,277

Debt service
 
 
 
 
 
 
 
       Interest expense
16,259

 
16,049

 
48,929

 
47,477

       Principal amortization
823

 
1,250

 
2,466

 
4,150

 
$
17,082

 
$
17,299

 
$
51,395

 
$
51,627

Debt service coverage ratio
2.73

 
2.80

 
2.73

 
2.78

(1) Includes discontinued operations