Elme Communities (ELME) 10-Q 2015 Q2 Quarterly report

Exhibit 12

WASHINGTON REAL ESTATE INVESTMENT TRUST

Computation of Ratios

(In thousands)

Earnings to fixed charges ratio:

	Three Months Ended June 30,							Six Months Ended June 30,
	2015				2014			2015			2014
(Loss) income from continuing operations	$	(2,886	)		$	1,368		$	26,512		$	(897	)
Additions:
Fixed charges
Interest expense	14,700				14,985			30,048			29,515
Capitalized interest	120				461			459			854
	14,820				15,446			30,507			30,369
Deductions:
Capitalized interest	(120		)		(461		)	(459		)	(854		)
Net loss attributable to noncontrolling interests	340				7			448			7
Adjusted earnings	12,154				16,360			57,008			28,625
Fixed charges (from above)	$	14,820			$	15,446		$	30,507		$	30,369
Ratio of earnings to fixed charges	0.82			(1)	1.06			1.87			0.94			(1)

⁽¹⁾ Due to Washington REIT's loss from continuing operations during the 2015 Quarter and 2014 Period, the earnings to fixed charges ratio was less than 1:1. Washington REIT must generate additional earnings of $2.7 million in the 2015 Quarter and $1.7 million in the 2014 Period to achieve a ratio of 1:1.