Elme Communities (ELME) 10-Q 2008 Q3 Quarterly report

Exhibit 12

WASHINGTON REAL ESTATE INVESTMENT TRUST

Computation of Ratio of Earnings to Fixed Charges

For the Period Ended September 30, 2008

(In thousands)

	Q3 2008			Q3 2007			YTD 2008			YTD 2007
Income from continuing operations	$	5,613		$	7,772		$	8,325		$	23,871
Additions:
Fixed charges
Interest expense		17,148			15,824			52,395			45,498
Capitalized interest		441			1,726			1,870			4,629
		17,589			17,550			54,265			50,127
Deductions:
Capitalized interest		(441	)		(1,726	)		(1,870	)		(4,629	)
Adjusted earnings	$	22,761		$	23,596		$	60,720		$	69,369
Fixed Charges (from above)	$	17,589		$	17,550		$	54,265		$	50,127
Ratio of Earnings to Fixed Charges		1.29			1.34			1.12			1.38