Elme Communities — Director's Dealing 2005

May 18, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WASHINGTON REAL ESTATE INVESTMENT TRUST (WRE)
CIK: 0000104894
Period of Report: 2005-05-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-17	Common Stock	M	9041	$14.4688	Acquired	41705.2813	Direct
2005-05-17	Common Stock	S	341	$30.7500	Disposed	41364.2813	Direct
2005-05-18	Common Stock	S	8700	$30.9426	Disposed	32664.2813	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-17	NQO - 1999 Officer	$14.47	M	9041	Disposed	2009-12-17	Common Stock (9041.00)	Direct