EX-12 4 dex12.htm EXHIBIT 12 Exhibit 12

Exhibit 12

WASHINGTON REAL ESTATE INVESTMENT TRUST

Computation of Ratio of Earnings to Fixed Charges

(In thousands)

 

     Q1 2009     Q1 2008  

Income from continuing operations attributable to the controlling interest

    $ 10,434     $ (3,856 )

Additions:

     

Fixed charges

     

Interest expense

      19,681       18,900  

Capitalized interest

      323       831  
                
     20,004       19,731  

Deductions:

     

Capitalized interest

      (323 )     (831 )
                

Adjusted earnings

    $ 30,115     $ 15,044  
                

Fixed Charges (from above)

    $ 20,004     $ 19,731  

Ratio of Earnings to Fixed Charges

      1.51       (a )

 

(a) Due to our loss from continuing operations during the 2008 Quarter, the coverage ratio was less than 1:1. We required additional earnings of $4,687,000 to achieve a coverage of 1:1. The loss in the 2008 Quarter included the impact of the loss on extinguishment of debt of $8,449,000 (See Consolidated Results of Operations in Item 2).