Elme Communities — Director's Dealing 2005

Feb 9, 2005

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: WASHINGTON REAL ESTATE INVESTMENT TRUST (WRE)
CIK: 0000104894
Period of Report: 2004-12-31

Reporting Person: DERRICK JOHN M JR (Trustee)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-23	Common Stock	G	369	$29.7450	Disposed	9092.0000	Direct
2004-08-23	Common Stock	G	369	$29.7450	Disposed	8723.0000	Direct
2004-08-23	Common Stock	G	369	$29.7450	Acquired	1173.0000	Indirect
2004-08-23	Common Stock	G	369	$29.7450	Acquired	1542.0000	Indirect

Footnotes

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

F2: Gift to an irrevocable trust. My spouse and I are the co-trustees and our granddaughter is the sole beneficiary.