Elme Communities — Director's Dealing 2004

Sep 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WASHINGTON REAL ESTATE INVESTMENT TRUST (WRE)
CIK: 0000104894
Period of Report: 2004-09-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-02	Common Stock	M	10000	$14.4688	Acquired	68720.8540	Direct
2004-09-02	Common Stock	S	10000	$30.3500	Disposed	58720.8540	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-09-02	NQO - 1999 Officer	$14.47	M	10000	Disposed	2009-12-17	Common Stock (10000.00)	Direct