Elme Communities — Director's Dealing 2004

Mar 3, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WASHINGTON REAL ESTATE INVESTMENT TRUST (WRE)
CIK: 0000104894
Period of Report: 2004-03-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-02	Common Stock	M	500	$21.3440	Acquired	46838.0280	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-02	ISO - 2000 Officer & Management	$21.34	M	500	Disposed	2010-12-15	Common Stock (500.00)	Direct