Elme Communities — Director's Dealing 2004

Mar 4, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: OSNOS DAVID M (Trustee)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-03	Common Stock	M	2000	$17.5935	Acquired	8400.0000	Direct
2004-03-03	Common Stock	M	2000	$14.4688	Acquired	10400.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-03	NQO - 1998 Trustee	$17.59	M	2000	Disposed	2008-12-15	Common Stock (2000.00)	Direct
2004-03-03	NQO - 1999 Trustee	$14.47	M	2000	Disposed	2009-12-17	Common Stock (2000.00)	Direct