The Trustees of WRIT announced a 2.4% increase of $0.01 per share in the quarterly dividend rate to an indicated annual rate of $1.73 per share. The quarterly dividend of $.4325 per share will be paid on June 30, 2008 to shareholders of record on June 16, 2008.

This is WRIT’s 186th consecutive quarterly dividend at equal or increasing rates. WRIT dividends have increased every year for 38 consecutive years. During these 38 years, WRIT dividends have increased 43 times.

WRIT is a self-administered, self-managed, equity real estate investment trust investing in income-producing properties in the greater Washington/Baltimore metropolitan region. WRIT owns a diversified portfolio of 91 properties consisting of 14 retail centers, 26 office properties, 16 medical office properties, 24 industrial/flex properties, 11 multi-family properties and land for development. WRIT shares are publicly traded on the New York Stock Exchange (NYSE: WRE).