Attached files
file | filename |
---|---|
EX-32 - EXHIBIT 32 - WASHINGTON REAL ESTATE INVESTMENT TRUST | wre-06302018exhibit32.htm |
EX-31.3 - EXHIBIT 31.3 - WASHINGTON REAL ESTATE INVESTMENT TRUST | wre-06302018xexhibit313.htm |
EX-31.2 - EXHIBIT 31.2 - WASHINGTON REAL ESTATE INVESTMENT TRUST | wre-06302018exhibit312.htm |
EX-31.1 - EXHIBIT 31.1 - WASHINGTON REAL ESTATE INVESTMENT TRUST | wre-06302018exhibit311.htm |
10-Q - 10-Q - WASHINGTON REAL ESTATE INVESTMENT TRUST | wre-0630201810xq.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, | ||||||||||||||
2018 | 2017 | 2018 | 2017 | ||||||||||||
Net income | $ | 10,750 | $ | 7,847 | $ | 14,049 | $ | 14,462 | |||||||
Additions: | |||||||||||||||
Fixed charges | |||||||||||||||
Interest expense | 13,321 | 12,053 | 26,148 | 23,458 | |||||||||||
Capitalized interest | 390 | 229 | 762 | 445 | |||||||||||
13,711 | 12,282 | 26,910 | 23,903 | ||||||||||||
Deductions: | |||||||||||||||
Capitalized interest | (390 | ) | (229 | ) | (762 | ) | (445 | ) | |||||||
Net loss attributable to noncontrolling interests | — | 17 | — | 36 | |||||||||||
Adjusted earnings | 24,071 | 19,917 | 40,197 | 37,956 | |||||||||||
Fixed charges (from above) | $ | 13,711 | $ | 12,282 | $ | 26,910 | $ | 23,903 | |||||||
Ratio of earnings to fixed charges | 1.76 | (1) | 1.62 | 1.49 | (1) | 1.59 |
(1) The earnings to fixed charges ratios for the three and six months ended June 30, 2018 include gain on sale of real estate of $2.5 million.