Exhibit 12
WASHINGTON REAL ESTATE INVESTMENT TRUST
Computation of Ratio of Earnings to Fixed Charges
For the Period Ended September 30, 2008
(In thousands)
| Q3 2008 | Q3 2007 | YTD 2008 | YTD 2007 | |||||||||||||
| Income from continuing operations |
$ | 5,613 | $ | 7,772 | $ | 8,325 | $ | 23,871 | ||||||||
| Additions: |
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| Fixed charges |
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| Interest expense |
17,148 | 15,824 | 52,395 | 45,498 | ||||||||||||
| Capitalized interest |
441 | 1,726 | 1,870 | 4,629 | ||||||||||||
| 17,589 | 17,550 | 54,265 | 50,127 | |||||||||||||
| Deductions: |
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| Capitalized interest |
(441 | ) | (1,726 | ) | (1,870 | ) | (4,629 | ) | ||||||||
| Adjusted earnings |
$ | 22,761 | $ | 23,596 | $ | 60,720 | $ | 69,369 | ||||||||
| Fixed Charges (from above) |
$ | 17,589 | $ | 17,550 | $ | 54,265 | $ | 50,127 | ||||||||
| Ratio of Earnings to Fixed Charges |
1.29 | 1.34 | 1.12 | 1.38 | ||||||||||||