Elme Communities (ELME) 10-Q 2009 Q2 Quarterly report

Exhibit 12

WASHINGTON REAL ESTATE INVESTMENT TRUST

Computation of Ratio of Earnings to Fixed Charges

(In thousands)

	Q2 2009			Q2 2008			YTD 2009			YTD 2008
Income from continuing operations	$	6,187		$	3,756		$	16,670		$	(43	)
Additions:
Fixed charges
Interest expense		19,316			18,840			38,997			37,740
Capitalized interest		335			741			658			1,573
		19,651			19,581			39,655			39,313
Deductions:
Capitalized interest		(335	)		(741	)		(658	)		(1,573	)
Net income attributable to noncontrolling interests		(52	)		(53	)		(101	)		(110	)
Adjusted earnings	$	25,451		$	22,543		$	55,566		$	37,587
Fixed Charges (from above)	$	19,651		$	19,581		$	39,655		$	39,313
Ratio of Earnings to Fixed Charges		1.30			1.15			1.40			(a	)

^(a) Due to WRIT’s loss from continuing operations during YTD 2008, the coverage ratio was less than 1:1. WRIT needed to generate additional earnings of $1,726 to achieve a coverage ratio of 1:1. The loss in YTD 2008 included the impact of the loss on extinguishment of debt of $8,449.