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,
 
2018
 
2017
 
2018
 
2017
Net income
$
10,750

 
$
7,847

 
$
14,049

 
$
14,462

Additions:
 
 
 
 
 
 
 
   Fixed charges
 
 
 
 
 
 
 
       Interest expense
13,321

 
12,053

 
26,148

 
23,458

       Capitalized interest
390

 
229

 
762

 
445

 
13,711

 
12,282

 
26,910

 
23,903

Deductions:
 
 
 
 
 
 
 
       Capitalized interest
(390
)
 
(229
)
 
(762
)
 
(445
)
       Net loss attributable to noncontrolling interests
—

 
17

 
—

 
36

Adjusted earnings
24,071

 
19,917

 
40,197

 
37,956

Fixed charges (from above)
$
13,711

 
$
12,282

 
$
26,910

 
$
23,903

Ratio of earnings to fixed charges
1.76

(1) 
1.62

 
1.49

(1) 
1.59


(1) The earnings to fixed charges ratios for the three and six months ended June 30, 2018 include gain on sale of real estate of $2.5 million.