Exhibit 12
WASHINGTON REAL ESTATE INVESTMENT TRUST
Computation of Ratio of Earnings to Fixed Charges
For the Quarter Ended March 31, 2008
(In thousands)
| Q1 2008 | Q1 2007 | |||||||
| Income (loss) from continuing operations |
$ | (2,335 | ) | $ | 9,674 | |||
| Additions: |
||||||||
| Fixed charges |
||||||||
| Interest expense |
17,664 | 14,384 | ||||||
| Capitalized interest |
757 | 1,260 | ||||||
| $ | 18,421 | $ | 15,644 | |||||
| Deductions: |
||||||||
| Capitalized interest |
(757 | ) | (1,260 | ) | ||||
| Adjusted earnings |
15,329 | 24,058 | ||||||
| Fixed Charges (from above) |
18,421 | 15,644 | ||||||
| Ratio of Earnings to Fixed Charges |
(a) | 1.54 | ||||||
| (a) |
Due to the Trust’s loss from continuing operations during the 2008 Quarter, the coverage ratio was less than 1:1. The Trust must generate additional earnings of $3,092 to achieve a coverage of 1:1. The loss in Q1 2008 included the impact of the loss on extinguishment of debt of $8,449 (See Consolidated Results of Operations in Item 2.) |
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