Elme Communities — Director's Dealing 2004

Dec 13, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WASHINGTON REAL ESTATE INVESTMENT TRUST (WRE)
CIK: 0000104894
Period of Report: 2004-12-09

Reporting Person: CRONIN EDMUND B JR (Chairman, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-09	Common Stock	M	13333	$14.6250	Acquired	144845.8735	Direct
2004-12-09	Common Stock	M	20473	$16.1875	Acquired	165318.8735	Direct
2004-12-09	Common Stock	M	93089	$14.4688	Acquired	258407.8735	Direct
2004-12-09	Common Stock	S	28000	$33.4902	Disposed	230407.8735	Direct
2004-12-10	Common Stock	S	60000	$33.5895	Disposed	170407.8735	Direct
2004-12-13	Common Stock	S	38895	$33.5770	Disposed	131512.8735	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-09	NQO - 1995 Officer	$14.63	M	13333	Disposed	2005-12-19	Common Stock (13333.00)	Direct
2004-12-09	NQO - 1996 Officer	$16.19	M	20473	Disposed	2006-12-17	Common Stock (20473.00)	Direct
2004-12-09	NQO - 1999 Officer	$14.47	M	93089	Disposed	2009-12-17	Common Stock (93089.00)	Direct