EXHIBIT 12
WASHINGTON REALTY INVESTMENT TRUST
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
AND PREFERRED DIVIDENDS
Six months ended Year ended
June 30, 2000 December 31, 1999
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Net earnings before loss (gain) on sale of real
estate......................................................... $19,374 $36,392
Add back:
Fixed charges............................................... 12,401 22,495
Deduct:
Capitalized interest........................................ 0 (224)
Earnings available for fixed charges and
preferred dividends............................................ $31,775 $58,663
Fixed Charges
Interest expense............................................ $12,401 $22,271
Capitalized interest........................................ 0 224
Interest portion of rent expense............................ 0 0
Total fixed charges............................................. 12,401 22,495
Preferred dividends............................................. 0 0
Total fixed charges and preferred dividends..................... $12,401 $22,495
Ratio of Earnings to Fixed Charges and
Preferred Dividends............................................ 2.56 2.61