Elme Communities — Director's Dealing 2003

Aug 26, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WASHINGTON REAL ESTATE INVESTMENT TRUST (WRE)
CIK: 0000104894
Period of Report: 2003-08-26

Reporting Person: REED KENNETH C (Managing Dir. - Prop. Mngmt.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-26	Common Stock	A	1570	$26.8500	Acquired	80935.1220	Direct

Footnotes

F1: Granted pursuant to the Washinton Real Estate Investment Trust Share Grant Plan. 20% of shares become nonforfeitable one year from transaction date. Fully vested 5 years from transaction (grant) date.