Exhibit 12

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

Earnings to fixed charges ratio:
 
Three Months Ended December 31,
 
Year Ended December 31,
 
2016
 
2016
 
2015
 
2014
 
2013
 
2012
Income (loss) from continuing operations
$
5,426

 
$
119,288

 
$
89,187

 
$
5,070

 
$
(193
)
 
$
7,768

Additions:
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
Interest expense
11,773

 
53,126

 
59,546

 
59,785

 
63,573

 
60,627

Capitalized interest
192

 
668

 
658

 
2,142

 
1,236

 
1,688

 
11,965

 
53,794

 
60,204

 
61,927

 
64,809

 
62,315

Deductions:
 
 
 
 
 
 
 
 
 
 
 
Capitalized interest
(192
)
 
(668
)
 
(658
)
 
(2,142
)
 
(1,236
)
 
(1,688
)
Net loss (income) attributable to noncontrolling interests
19

 
51

 
553

 
38

 
—

 
—

Adjusted earnings
$
17,218

 
$
172,465

 
$
149,286

 
$
64,893

 
$
63,380

 
$
68,395

Fixed charges (from above)
$
11,965

 
$
53,794

 
$
60,204

 
$
61,927

 
$
64,809

 
$
62,315

Ratio of earnings to fixed charges
1.44

(1) 
3.21

(1) 
2.48

(1) 
1.05

(1) 
0.98

(2) 
1.10


(1) The earnings to fixed charges ratios for the years ended December 31, 2016, 2015 and 2014 include gains on sale of real estate of $101.7 million, $91.1 million and $0.6 million, respectively, classified as continuing operations. Prior to our adoption of Accounting Standards Update 2014-08 effective January1, 2014, gains from the sale of real estate were classified as discontinued operations.
(2) Due to the loss from continuing operations, the ratio was less than 1:1. Washington REIT must generate additional earnings of $1.4 million to achieve a ratio of 1:1.