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

Earnings to fixed charges ratio:
 
Three Months Ended 
 March 31,
 
2014
 
2013
Income from continuing operations
$
(2,265
)
 
$
857

Additions:
 
 
 
   Fixed charges
 
 
 
       Interest expense
14,530

 
16,190

       Capitalized interest
393

 
293

 
14,923

 
16,483

Deductions:
 
 
 
       Capitalized interest
(393
)
 
(293
)
Adjusted earnings
12,265

 
17,047

Fixed charges (from above)
$
14,923

 
$
16,483

Ratio of earnings to fixed charges (1)
0.82

 
1.03

(1) Due to Washington REIT's loss from continuing operations during the 2014 Quarter, the earnings to fixed charges ratio was less than 1:1. Washington REIT must generate additional earnings of $2.7 million in the 2014 Quarter to achieve a ratio of 1:1.

Debt service coverage ratio:
 
Three Months Ended 
 March 31,
 
2014
 
2013
Net income attributable to the controlling interests
$
104,554

 
$
7,335

Additions:
 
 
 
       Interest expense (1)
14,530

 
16,518

       Real estate depreciation and amortization (1)
22,753

 
25,524

       Non-real estate depreciation
193

 
196

 
37,476

 
42,238

Deductions:
 
 
 
       Gain on sale of real estate
(106,273
)
 
(3,195
)
Adjusted EBITDA
35,757

 
46,378

Debt service
 
 
 
       Interest expense
14,530

 
16,518

       Principal amortization
830

 
832

 
$
15,360

 
$
17,350

Debt service coverage ratio
2.33

 
2.67

(1) Includes discontinued operations