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,
 
2018
 
2017
 
2018
 
2017
Net income
$
5,893

 
$
2,813

 
$
19,942

 
$
17,275

Additions:
 
 
 
 
 
 
 
   Fixed charges
 
 
 
 
 
 
 
       Interest expense
12,499

 
12,176

 
38,647

 
35,634

       Capitalized interest
683

 
231

 
1,445

 
676

 
13,182

 
12,407

 
40,092

 
36,310

Deductions:
 
 
 
 
 
 
 
       Capitalized interest
(683
)
 
(231
)
 
(1,445
)
 
(676
)
       Net loss attributable to noncontrolling interests
—

 
20

 
—

 
56

Adjusted earnings
18,392

 
15,009

 
58,589

 
52,965

Fixed charges (from above)
$
13,182

 
$
12,407

 
$
40,092

 
$
36,310

Ratio of earnings to fixed charges
1.40

 
1.21

 
1.46

(1) 
1.46


(1) The earnings to fixed charges ratio for the nine months ended September 30, 2018 includes gain on sale of real estate of $2.5 million.