Elme Communities — Director's Dealing 2003

Sep 15, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WASHINGTON REAL ESTATE INVESTMENT TRUST (WRE)
CIK: 0000104894
Period of Report: 2003-09-12

Reporting Person: FITZGERALD BRIAN J (Mnging. Dir. -Leasing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-12	Common Stock	M	7000	$14.4688	Acquired	36157.6416	Direct
2003-09-12	Common Stock	S	7000	$28.1849	Disposed	29157.6416	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-15	NQO	$14.47	M	7000	Disposed	2009-12-17	Common Stock (7000.00)	Direct