Elme Communities — Director's Dealing 2003

Dec 19, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WASHINGTON REAL ESTATE INVESTMENT TRUST (WRE)
CIK: 0000104894
Period of Report: 2003-12-17

Reporting Person: KENDALL CLIFFORD M (Trustee)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-17	Common Stock	A	400	$29.6200	Acquired	11000.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-17	NQO - 2003 Trustees	$29.55	A	2000	Acquired	2013-12-16	Common Stock (2000.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2800.0000	Indirect

Footnotes

F1: Granted pursuant to the Washington Real Estate Investment Trust Share Grant Plan.