Exhibit 12
WASHINGTON REAL ESTATE INVESTMENT TRUST
Computation of Ratios
(In thousands)

Earnings to fixed charges ratio:
 
Three Months Ended March 31,
 
 
2015
 
2014
 
Income from continuing operations
$
29,398

 
$
(2,265
)
 
Additions:
 
 
 
 
   Fixed charges
 
 
 
 
       Interest expense
15,348

 
14,530

 
       Capitalized interest
339

 
393

 
 
15,687

 
14,923

 
Deductions:
 
 
 
 
       Capitalized interest
(339
)
 
(393
)
 
       Net loss attributable to noncontrolling interests
108

 
—

 
Adjusted earnings
44,854

 
12,265

 
Fixed charges (from above)
$
15,687

 
$
14,923

 
Ratio of earnings to fixed charges
2.86

 
0.82

(1) 
1) Due to Washington REIT's loss from continuing operations during the 2014 Quarter, the earnings to fixed charges ratio was less than 1:1. Washington REIT must generate additional earnings of $2.7 million in the 2014 Quarter to achieve a ratio of 1:1.

Debt service coverage ratio:
 
Three Months Ended March 31,
 
2015
 
2014
Net income attributable to the controlling interests
$
29,506

 
$
104,554

Additions:
 
 
 
       Interest expense (1)
15,348

 
14,530

       Real estate depreciation and amortization (1)
25,275

 
22,753

       Non-real estate depreciation
103

 
193

 
40,726

 
37,476

Deductions:
 
 
 
       Gain on sale of real estate (1)
(30,277
)
 
(106,273
)
Adjusted EBITDA
39,955

 
35,757

Debt service
 
 
 
       Interest expense
15,348

 
14,530

       Principal amortization
1,155

 
830

 
$
16,503

 
$
15,360

Debt service coverage ratio
2.42

 
2.33

(1) Includes discontinued operations