Elme Communities — Director's Dealing 2004

Sep 8, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WASHINGTON REAL ESTATE INVESTMENT TRUST (WRE)
CIK: 0000104894
Period of Report: 2004-09-07

Reporting Person: FRANKLIN LAURA M (S.V.P. Accounting)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-07	Common Stock	M	4107	$16.19	Acquired	41767.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-09-07	ISO - 1996 Officer	$16.19	M	4107	Disposed	2006-12-17	Common Stock (4107.00)	Direct