Elme Communities — Director's Dealing 2004

Feb 4, 2004

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: WASHINGTON REAL ESTATE INVESTMENT TRUST (WRE)
CIK: 0000104894
Period of Report: 2003-12-31

Reporting Person: DERRICK JOHN M JR (Trustee)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-07	Common Stock	G	372	—	Disposed	8410.0000	Direct
2003-11-07	Common Stock	G	372	—	Acquired	804.0000	Indirect

Footnotes

F1: Gift to an irrevocable trust. My spouse is the trustee and son is the sole beneficiary.