Elme Communities — Director's Dealing 2004

Mar 15, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WASHINGTON REAL ESTATE INVESTMENT TRUST (WRE)
CIK: 0000104894
Period of Report: 2004-03-11

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-11	Common Stock	A	6905	$31.1100	Acquired	74326.3390	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.