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

Earnings to fixed charges ratio:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
 
Net income (loss)
$
31,821

 
$
(2,886
)
 
$
34,200

 
$
26,512

 
Additions:
 
 
 
 
 
 
 
 
   Fixed charges
 
 
 
 
 
 
 
 
       Interest expense
13,820

 
14,700

 
28,180

 
30,048

 
       Capitalized interest
165

 
120

 
288

 
459

 
 
13,985

 
14,820

 
28,468

 
30,507

 
Deductions:
 
 
 
 
 
 
 
 
       Capitalized interest
(165
)
 
(120
)
 
(288
)
 
(459
)
 
       Net loss attributable to noncontrolling interests
15

 
340

 
20

 
448

 
Adjusted earnings
45,656

 
12,154

 
62,400

 
57,008

 
Fixed charges (from above)
$
13,985

 
$
14,820

 
$
28,468

 
$
30,507

 
Ratio of earnings to fixed charges
3.26

(1) 
0.82

(2), (3) 
2.19

(1) 
1.87

(2) 

(1) The earnings to fixed charges ratios for the three and six months ended June 30, 2016 include gain on sale of real estate of $24.1 million.

(2) The earnings to fixed charges ratios for the three and six months ended June 30, 2015 include gains on sale of real estate of $1.5 million and $31.7 million, respectively.

(3) Due to Washington REIT's net loss during the three months ended June 30, 2015, the earnings to fixed charges ratio was less than 1:1. Washington REIT must generate additional earnings of $2.7 million in the three months ended June 30, 2015 to achieve a ratio of 1:1.