EXHIBIT 12 WASHINGTON REAL ESTATE INVESTMENT TRUST
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS
Year ended December
31,
2000 1999 1998
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Net earnings before loss (gain) on sale of real
estate $ 41,572 $ 36,392 $ 34,300
Add back:
Fixed charges 25,531 22,495 17,106
Deduct:
Capitalized interest 0 (224) (0)
Earnings available for fixed charges
and preferred dividends $ 67,103 $ 58,663 $ 51,406
Fixed Charges
Interest expense $ 25,531 $ 22,271 $ 17,106
Capitalized interest 0 224 0
Interest portion of rent expense 0 0 0
Total fixed charges 25,531 22,495 17,106
Preferred dividends 0 0 0
Total fixed charges and preferred dividends $ 25,531 $ 22,495 $ 17,106
Ratio of Earnings to Fixed Charges
and Preferred Dividends 2.63 2.61 3.01