On October 22, 2009, the Board of Trustees elected Laura M. Franklin to serve as Treasurer of Washington Real Estate Investment Trust. Ms. Franklin currently serves as Executive Vice President-Accounting, Administration and Corporate Secretary, and will continue to do so. On October 22, 2009, the Board of Trustees amended and restated the Trust's bylaws to clarify certain corporate procedures and make other enhancements and technical corrections. The amendments effected by the amendment and restatement of the bylaws include the following: The amended bylaws provide that a special meeting of shareholders can be called by either the chairman of the board, the president and chief executive officer or the Board of Trustees. In addition, under the amended bylaws, the secretary is required to call a special meeting upon the written request of shareholders entitled to cast not less than a majority of all votes entitled to be cast at such special meeting (and upon compliance with the procedural requirements in the bylaws applicable to such a shareholder-requested meeting). Under the previous bylaws, a special meeting could be called by the president of the trustees, a majority of the trustees or the holders of 25% of the outstanding shares upon their written request. The amended bylaws require that notice of each shareholder meeting be provided no less than ten nor more than 90 days before each meeting. Under the previous bylaws, notice of each shareholder meeting was required to be mailed at least 14 days before the meeting. The amended bylaws add a provision for the organization and conduct of shareholder meetings which allows the Board of Trustees to appoint a chairman of the meeting to conduct the meeting, determine the order of business and other procedural matters, and take other actions appropriate for the proper conduct of the meeting. The amended bylaws add a provision providing that the presence in person or by proxy of shareholders entitled to cast a majority of all votes entitled to be cast on any matter will constitute a quorum. If this quorum requirement is not met, the chairman of the meeting may adjourn the meeting sin die or from time to time to a date not more than 120 days after the original record date. The amended bylaws add a provision that a proxy may be executed in any manner permitted by law and will not be valid more than 11 months after its date unless otherwise provided in the proxy (under the previous bylaws, a proxy would not be valid after one year). The amended bylaws add a provision clarifying how shares registered in the name of a corporation, partnership, trust or other entity may be voted. The amended bylaws also add a provision allowing the Board of Trustees to establish a procedure by which a shareholder may certify in writing that any shares registered in the shareholder's name are held for the account of a specified person other than the shareholder. The amended bylaws add a provision that the Board of Trustees or the chairman of the meeting may appoint an inspector for each shareholder meeting to determine the number of shares represented at the meeting, receive and tabulate votes, report the tabulation of votes and do other acts as are proper to fairly conduct the election or vote. The amended bylaws provide that nominations of individuals for election to the Board of Trustees and the proposal of other business to be considered by the shareholders may be made at an annual meeting of shareholders (a) pursuant to the Trust's notice of meeting, (b) by or at the direction of the Board of Trustees or (c) by any shareholder of the Trust who was a shareholder of record both at the time of giving of notice by the shareholder as provided for in the bylaws and at the time of the annual meeting, who is entitled to vote at the meeting in the election of each individual so nominated or on such other business and who has complied with the procedural provisions of the bylaws.

Washington Real Estate Investment Trust said that the company thinks that there will be an increase in the number of acquisition opportunities in the market. Skip McKenzie - President and Chief Executive Officer of Washington Real Estate Investment said, “It’s our belief, we’re starting to see some of the cracks in the armor of some of the developers in the marketplace and we do believe that there’s going to be sort of a more opportunistic opportunities from an acquisition standpoint that we believe is going to help bridge that gap, but it is something we watch very closely. We recognize that it is very tight going forward from a strictly operational basis, but we do believe that there’s going to be opportunity for us to grow the portfolio over the next 12 months to 24 months.”

Washington Real Estate Investment Trust reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company has posted revenue of $75.60 million compared to $69.7 million for the same period a year ago. Investment income was $0.26 million compared to $0.33 million for the same period a year ago. Income from continuing operations was $4.22 million or $0.07 diluted per share compared to $3.94 million or $0.08 diluted per share for the same period a year ago. Funds from operations were $28.03 million or $0.48 diluted per share compared to $26.10 million or $0.53 diluted per share for the same period a year ago. Net income was $9.60 million or $0.16 diluted per share compared to $4.62 million or $0.09 diluted per share for the same period a year ago. For the nine months, the company has posted revenue of $229.0 million compared to $206.4 million for the same period a year ago. Investment income was $0.92 million compared to $0.79 million for the same period a year ago. Income from continuing operations was $20.5 million or $0.36 diluted per share compared to $3.27 million or $0.06 diluted per share for the same period a year ago. Funds from operations were $92.1 million or $1.65 diluted per share compared to $69.7 million or $1.45 diluted per share for the same period a year ago. Net income was $33.6 million or $0.60 diluted per share compared to $21.9 million or $0.45 diluted per share for the same period a year ago. For the year 2009, the company revised FFO per diluted share from a range of $1.95 to $2.15 to a range of $1.97 to $2.02, not including gains related to the repurchase of convertible debt which total $0.12 per diluted share through the end of third quarter 2009.