Attached files
file | filename |
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EX-10.52 - EXHIBIT 10.52 - WASHINGTON REAL ESTATE INVESTMENT TRUST | ex1052-firstamendmenttomar.htm |
EX-31.2 - EXHIBIT 31.2 - WASHINGTON REAL ESTATE INVESTMENT TRUST | wre-06302016xexhibit312.htm |
10-Q - 10-Q - WASHINGTON REAL ESTATE INVESTMENT TRUST | wre-06302016x10xq.htm |
EX-32 - EXHIBIT 32 - WASHINGTON REAL ESTATE INVESTMENT TRUST | wre-06302016xexhibit32.htm |
EX-31.3 - EXHIBIT 31.3 - WASHINGTON REAL ESTATE INVESTMENT TRUST | wre-06302016xexhibit313.htm |
EX-31.1 - EXHIBIT 31.1 - WASHINGTON REAL ESTATE INVESTMENT TRUST | wre-06302016xexhibit311.htm |
EX-10.51 - EXHIBIT 10.51 - WASHINGTON REAL ESTATE INVESTMENT TRUST | ex1051-marylandpsa2.htm |
EX-10.50 - EXHIBIT 10.50 - WASHINGTON REAL ESTATE INVESTMENT TRUST | ex1050-marylandpsa1.htm |
EX-10.49 - EXHIBIT 10.49 - WASHINGTON REAL ESTATE INVESTMENT TRUST | ex1049-riversidepsa.htm |
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, | |||||||||||||||
2016 | 2015 | 2016 | 2015 | |||||||||||||
Net income (loss) | $ | 31,821 | $ | (2,886 | ) | $ | 34,200 | $ | 26,512 | |||||||
Additions: | ||||||||||||||||
Fixed charges | ||||||||||||||||
Interest expense | 13,820 | 14,700 | 28,180 | 30,048 | ||||||||||||
Capitalized interest | 165 | 120 | 288 | 459 | ||||||||||||
13,985 | 14,820 | 28,468 | 30,507 | |||||||||||||
Deductions: | ||||||||||||||||
Capitalized interest | (165 | ) | (120 | ) | (288 | ) | (459 | ) | ||||||||
Net loss attributable to noncontrolling interests | 15 | 340 | 20 | 448 | ||||||||||||
Adjusted earnings | 45,656 | 12,154 | 62,400 | 57,008 | ||||||||||||
Fixed charges (from above) | $ | 13,985 | $ | 14,820 | $ | 28,468 | $ | 30,507 | ||||||||
Ratio of earnings to fixed charges | 3.26 | (1) | 0.82 | (2), (3) | 2.19 | (1) | 1.87 | (2) |
(1) The earnings to fixed charges ratios for the three and six months ended June 30, 2016 include gain on sale of real estate of $24.1 million.
(2) The earnings to fixed charges ratios for the three and six months ended June 30, 2015 include gains on sale of real estate of $1.5 million and $31.7 million, respectively.
(3) Due to Washington REIT's net loss during the three months ended June 30, 2015, the earnings to fixed charges ratio was less than 1:1. Washington REIT must generate additional earnings of $2.7 million in the three months ended June 30, 2015 to achieve a ratio of 1:1.