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

Earnings to fixed charges ratio:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2017
 
2016
 
2017
 
2016
 
Net income
$
2,813

 
$
79,662

 
$
17,275

 
$
113,862

 
Additions:
 
 
 
 
 
 
 
 
   Fixed charges
 
 
 
 
 
 
 
 
       Interest expense
12,176

 
13,173

 
35,634

 
41,353

 
       Capitalized interest
231

 
188

 
676

 
476

 
 
12,407

 
13,361

 
36,310

 
41,829

 
Deductions:
 
 
 
 
 
 
 
 
       Capitalized interest
(231
)
 
(188
)
 
(676
)
 
(476
)
 
       Net loss attributable to noncontrolling interests
20

 
12

 
56

 
32

 
Adjusted earnings
15,009

 
92,847

 
52,965

 
155,247

 
Fixed charges (from above)
$
12,407

 
$
13,361

 
$
36,310

 
$
41,829

 
Ratio of earnings to fixed charges
1.21

 
6.95

(1) 
1.46

 
3.71

(1) 

(1) The earnings to fixed charges ratios for the three and nine months ended September 30, 2016 include gain on sale of real estate of $77.6 million and $101.7 million, respectively.