Exhibit 12
WASHINGTON REAL ESTATE INVESTMENT TRUST
Computation of Ratio of Earnings to Fixed Charges
(In thousands)
Q1 2009 | Q2 2009 | Q3 2009 | Q4 2009 | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||||||||||
Income from continuing operations |
$ | 10,199 | $ | 6,092 | $ | 4,229 | $ | 5,501 | $ | 26,021 | $ | 7,889 | $ | 25,136 | $ | 32,477 | $ | 35,288 | ||||||||||||||||||
Additions: |
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Fixed charges |
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Interest expense |
19,681 | 19,316 | 18,224 | 17,780 | 75,001 | 75,041 | 66,336 | 47,873 | 36,821 | |||||||||||||||||||||||||||
Capitalized interest |
323 | 335 | 345 | 349 | 1,352 | 2,347 | 6,672 | 3,782 | 1,127 | |||||||||||||||||||||||||||
20,004 | 19,651 | 18,569 | 18,129 | 76,353 | 77,388 | 73,008 | 51,655 | 37,948 | ||||||||||||||||||||||||||||
Deductions: |
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Capitalized interest |
(323 | ) | (335 | ) | (345 | ) | (349 | ) | (1,352 | ) | (2,347 | ) | (6,672 | ) | (3,782 | ) | (1,127 | ) | ||||||||||||||||||
Net income attributable to noncontrolling interests |
(49 | ) | (52 | ) | (53 | ) | (49 | ) | (203 | ) | (211 | ) | (217 | ) | (204 | ) | (172 | ) | ||||||||||||||||||
Adjusted earnings |
$ | 29,831 | $ | 25,356 | $ | 22,400 | $ | 23,232 | $ | 100,819 | $ | 82,719 | $ | 91,255 | $ | 80,146 | $ | 71,937 | ||||||||||||||||||
Fixed Charges (from above) |
$ | 20,004 | $ | 19,651 | $ | 18,569 | $ | 18,129 | $ | 76,353 | $ | 77,388 | $ | 73,008 | $ | 51,655 | $ | 37,948 | ||||||||||||||||||
Ratio of Earnings to Fixed Charges |
1.49 | 1.29 | 1.21 | 1.28 | 1.32 | 1.07 | 1.25 | 1.55 | 1.90 |