Attached files
file | filename |
---|---|
10-Q - 10-Q - WASHINGTON REAL ESTATE INVESTMENT TRUST | wre-09302016x10xq.htm |
EX-32 - EXHIBIT 32 - WASHINGTON REAL ESTATE INVESTMENT TRUST | wre-09302016xexhibit32.htm |
EX-31.3 - EXHIBIT 31.3 - WASHINGTON REAL ESTATE INVESTMENT TRUST | wre-09302016xexhibit313.htm |
EX-31.2 - EXHIBIT 31.2 - WASHINGTON REAL ESTATE INVESTMENT TRUST | wre-09302016xexhibit312.htm |
EX-31.1 - EXHIBIT 31.1 - WASHINGTON REAL ESTATE INVESTMENT TRUST | wre-09302016xexhibit311.htm |
EX-10.55 - EXHIBIT 10.55 - WASHINGTON REAL ESTATE INVESTMENT TRUST | ex1055-separationagreement.htm |
EX-10.54 - EXHIBIT 10.54 - WASHINGTON REAL ESTATE INVESTMENT TRUST | ex1054-2016termloanagreeme.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, | |||||||||||||||
2016 | 2015 | 2016 | 2015 | |||||||||||||
Net income | $ | 79,662 | $ | 580 | $ | 113,862 | $ | 27,092 | ||||||||
Additions: | ||||||||||||||||
Fixed charges | ||||||||||||||||
Interest expense | 13,173 | 14,486 | 41,353 | 44,534 | ||||||||||||
Capitalized interest | 188 | 96 | 476 | 555 | ||||||||||||
13,361 | 14,582 | 41,829 | 45,089 | |||||||||||||
Deductions: | ||||||||||||||||
Capitalized interest | (188 | ) | (96 | ) | (476 | ) | (555 | ) | ||||||||
Net loss attributable to noncontrolling interests | 12 | 67 | 32 | 515 | ||||||||||||
Adjusted earnings | 92,847 | 15,133 | 155,247 | 72,141 | ||||||||||||
Fixed charges (from above) | $ | 13,361 | $ | 14,582 | $ | 41,829 | $ | 45,089 | ||||||||
Ratio of earnings to fixed charges | 6.95 | (1) | 1.04 | 3.71 | (1) | 1.60 | (2) |
(1) The earnings to fixed charges ratios for the three and nine months ended ended September 30, 2016 include gains on sale of real estate of $77.6 million and $101.7 million, respectively.
(2) The earnings to fixed charges ratio for the nine months ended September 30, 2015 includes gains on sale of real estate of $31.7 million.