Elme Communities — Director's Dealing 2005

May 24, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WASHINGTON REAL ESTATE INVESTMENT TRUST (WRE)
CIK: 0000104894
Period of Report: 2005-05-23

Reporting Person: FITZGERALD BRIAN J (Mnging. Dir. -Leasing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-23	Common Stock	M	10000	$21.3440	Acquired	42664.2813	Direct
2005-05-23	Common Stock	S	10000	$31.7503	Disposed	32664.2813	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-23	NQO - 2000 Officer	$21.34	M	10000	Disposed	2010-12-15	Common Stock (10000.00)	Direct