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Previous: WASHINGTON REAL ESTATE INVESTMENT TRUST, 10-K/A, EX-4.B, 2000-08-11 |
Next: WASHINGTON REAL ESTATE INVESTMENT TRUST, 10-K/A, EX-22, 2000-08-11 |
<PAGE>
EXHIBIT 12
WASHINGTON REALTY INVESTMENT TRUST
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
AND PREFERRED DIVIDENDS
<TABLE>
<CAPTION>
Year ended December 31,
1999 1998 1997
---- ---- ----
<S> <C> <C> <C>
Net earnings before loss (gain) on sale of real estate $ 36,392 $ 34,300 $ 30,136
Add back:
Fixed charges 22,495 17,106 9,761
Deduct:
Capitalized interest (224) (0) (70)
Earnings available for fixed charges
and preferred dividends $ 58,663 $ 51,406 $ 39,827
Fixed Charges
Interest expense $ 22,271 $ 17,106 $ 9,691
Capitalized interest 224 0 70
Interest portion of rent expense 0 0 0
Total fixed charges 22,495 17,106 9,761
Preferred dividends 0 0 0
Total fixed charges and preferred dividends $ 22,495 $ 17,106 $ 9,761
Ratio of Earnings to Fixed Charges
and Preferred Dividends 2.61 3.01 4.08
</TABLE>
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