Elme Communities (ELME) 10-Q 2017 Q3 Quarterly report

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.