Attached files
file | filename |
---|---|
10-Q - 10-Q - WASHINGTON REAL ESTATE INVESTMENT TRUST | wre-09302017x10xq.htm |
EX-32 - EXHIBIT 32 - WASHINGTON REAL ESTATE INVESTMENT TRUST | wre-09302017xexhibit32.htm |
EX-31.3 - EXHIBIT 31.3 - WASHINGTON REAL ESTATE INVESTMENT TRUST | wre-09302017xexhibit313.htm |
EX-31.2 - EXHIBIT 31.2 - WASHINGTON REAL ESTATE INVESTMENT TRUST | wre-09302017xexhibit312.htm |
EX-31.1 - EXHIBIT 31.1 - WASHINGTON REAL ESTATE INVESTMENT TRUST | wre-09302017xexhibit311.htm |
Exhibit 12
WASHINGTON REAL ESTATE INVESTMENT TRUST
Computation of Ratios
(In thousands)
Earnings to fixed charges ratio:
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2017 | 2016 | 2017 | 2016 | |||||||||||||
Net income | $ | 2,813 | $ | 79,662 | $ | 17,275 | $ | 113,862 | ||||||||
Additions: | ||||||||||||||||
Fixed charges | ||||||||||||||||
Interest expense | 12,176 | 13,173 | 35,634 | 41,353 | ||||||||||||
Capitalized interest | 231 | 188 | 676 | 476 | ||||||||||||
12,407 | 13,361 | 36,310 | 41,829 | |||||||||||||
Deductions: | ||||||||||||||||
Capitalized interest | (231 | ) | (188 | ) | (676 | ) | (476 | ) | ||||||||
Net loss attributable to noncontrolling interests | 20 | 12 | 56 | 32 | ||||||||||||
Adjusted earnings | 15,009 | 92,847 | 52,965 | 155,247 | ||||||||||||
Fixed charges (from above) | $ | 12,407 | $ | 13,361 | $ | 36,310 | $ | 41,829 | ||||||||
Ratio of earnings to fixed charges | 1.21 | 6.95 | (1) | 1.46 | 3.71 | (1) |
(1) The earnings to fixed charges ratios for the three and nine months ended September 30, 2016 include gain on sale of real estate of $77.6 million and $101.7 million, respectively.