EXHIBIT 12 WASHINGTON REALTY INVESTMENT TRUST COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS
Six months ended Year ended June 30, 2000 December 31, 1999 ---------------- ----------------- Net earnings before loss (gain) on sale of real estate......................................................... $19,374 $36,392 Add back: Fixed charges............................................... 12,401 22,495 Deduct: Capitalized interest........................................ 0 (224) Earnings available for fixed charges and preferred dividends............................................ $31,775 $58,663 Fixed Charges Interest expense............................................ $12,401 $22,271 Capitalized interest........................................ 0 224 Interest portion of rent expense............................ 0 0 Total fixed charges............................................. 12,401 22,495 Preferred dividends............................................. 0 0 Total fixed charges and preferred dividends..................... $12,401 $22,495 Ratio of Earnings to Fixed Charges and Preferred Dividends............................................ 2.56 2.61