Elme Communities (ELME) 10-Q 2018 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,
	2018				2017			2018				2017
Net income	$	10,750			$	7,847		$	14,049			$	14,462
Additions:
Fixed charges
Interest expense	13,321				12,053			26,148				23,458
Capitalized interest	390				229			762				445
	13,711				12,282			26,910				23,903
Deductions:
Capitalized interest	(390		)		(229		)	(762		)		(445		)
Net loss attributable to noncontrolling interests	—				17			—				36
Adjusted earnings	24,071				19,917			40,197				37,956
Fixed charges (from above)	$	13,711			$	12,282		$	26,910			$	23,903
Ratio of earnings to fixed charges	1.76			(1)	1.62			1.49			(1)	1.59

⁽¹⁾ The earnings to fixed charges ratios for the three and six months ended June 30, 2018 include gain on sale of real estate of $2.5 million.