EX-12.1

Exhibit 12.1

WASHINGTON REAL ESTATE INVESTMENT TRUST

Computation of Ratios

(In thousands)

Earnings to fixed charges ratio:


	Three Months Ended March 31,						Year Ended December 31,
	2015			2014			2014			2013			2012			2011			2010
Income (loss) from continuing operations	$	29,398		$	(2,265	)	$	5,070		$	(193	)	$	7,768		$	(14,389	)	$	(10,874	)
Additions:
Fixed charges:
Interest expense		15,348			14,530			59,785			63,573			60,627			61,402			61,839
Capitalized interest		339			393			2,142			1,236			1,688			738			858

		15,687			14,923			61,927			64,809			62,315			62,140			62,697
Deductions:
Capitalized interest		(339	)		(393	)		(2,142	)		(1,236	)		(1,688	)		(738	)		(858	)
Net income attributable to noncontrolling interests		108			—			38			—			—			(494	)		(133	)

Adjusted earnings	$	44,854		$	12,265		$	64,893		$	63,380		$	68,395		$	46,519		$	50,832

Fixed charges (from above)	$	15,687		$	14,923		$	61,927		$	64,809		$	62,315		$	62,140		$	62,697
Ratio of earnings to fixed charges		2.86			0.82	⁽¹⁾		1.05			0.98	⁽²⁾		1.10			0.75	⁽³⁾		0.81	⁽⁴⁾
Ratio of earnings to combined fixed charges and preferred share dividends		2.86			0.82			1.05			0.98			1.10			0.75			0.81

⁽¹⁾

Due to Washington REIT’s loss from continuing operations, the ratio was less than 1:1. Washington REIT must generate additional earnings of $2,658 to achieve a ratio of 1:1.

⁽²⁾

Due to Washington REIT’s loss from continuing operations, the ratio was less than 1:1. Washington REIT must generate additional earnings of $1,429 to achieve a ratio of 1:1.

⁽³⁾

Due to Washington REIT’s loss from continuing operations, the ratio was less than 1:1. Washington REIT must generate additional earnings of $15,621 to achieve a ratio of 1:1.

⁽⁴⁾

Due to Washington REIT’s loss from continuing operations, the ratio was less than 1:1. Washington REIT must generate additional earnings of $11,865 to achieve a ratio of 1:1.