Elme Communities — Director's Dealing 2004

Dec 15, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WASHINGTON REAL ESTATE INVESTMENT TRUST (WRE)
CIK: 0000104894
Period of Report: 2004-12-13

Reporting Person: MCKENZIE GEORGE F (Exec VP Real Estate)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-13	Common Stock	M	7500	$14.4688	Acquired	45216.5500	Direct
2004-12-13	Common Stock	S	7500	$33.5771	Disposed	37716.5500	Direct
2004-12-14	Common Stock	M	500	$21.3440	Acquired	23467.9150	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-14	ISO - 2000 Officer & Management	$21.34	M	500	Disposed	2010-12-15	Common Stock (500.00)	Direct
2004-12-13	NQO - 1999 Officer	$14.47	M	7500	Disposed	2009-12-17	Common Stock (7500.00)	Direct