Exhibit 12
WASHINGTON REAL ESTATE INVESTMENT TRUST
Computation of Ratio of Earnings to Fixed Charges
(In thousands)
| Q2 2009 | Q2 2008 | YTD 2009 | YTD 2008 | |||||||||||||
| Income from continuing operations |
$ | 6,187 | $ | 3,756 | $ | 16,670 | $ | (43 | ) | |||||||
| Additions: |
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| Fixed charges |
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| Interest expense |
19,316 | 18,840 | 38,997 | 37,740 | ||||||||||||
| Capitalized interest |
335 | 741 | 658 | 1,573 | ||||||||||||
| 19,651 | 19,581 | 39,655 | 39,313 | |||||||||||||
| Deductions: |
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| Capitalized interest |
(335 | ) | (741 | ) | (658 | ) | (1,573 | ) | ||||||||
| Net income attributable to noncontrolling interests |
(52 | ) | (53 | ) | (101 | ) | (110 | ) | ||||||||
| Adjusted earnings |
$ | 25,451 | $ | 22,543 | $ | 55,566 | $ | 37,587 | ||||||||
| Fixed Charges (from above) |
$ | 19,651 | $ | 19,581 | $ | 39,655 | $ | 39,313 | ||||||||
| Ratio of Earnings to Fixed Charges |
1.30 | 1.15 | 1.40 | (a | ) | |||||||||||
| (a) | Due to WRIT’s loss from continuing operations during YTD 2008, the coverage ratio was less than 1:1. WRIT needed to generate additional earnings of $1,726 to achieve a coverage ratio of 1:1. The loss in YTD 2008 included the impact of the loss on extinguishment of debt of $8,449. |