Elme Communities (ELME)

US — Real Estate Sector
Peers:   BRT  NXRT  CSR  VRE  AIRC  CLPR  ELS  SUI  UDR  UMH  AMH 

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Key Metrics & Ratings

  • symbol ELME
  • Rev/Share 2.7697
  • Book/Share 12.073
  • PB 1.3281
  • Debt/Equity 0.6633
  • CurrentRatio 0.0091
  • ROIC 3.7237

 

  • MktCap 1413182358.0
  • FreeCF/Share 0.9343
  • PFCF 17.1757
  • PE -99.8985
  • Debt/Assets 0.3858
  • DivYield 0.0449
  • ROE -0.013

 

  • Rating C
  • Score 2
  • Recommendation Sell
  • P/E Score 1
  • DCF Score 3
  • P/B Score 2
  • D/E Score 3

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade ELME Truist Hold Buy -- -- Jan. 17, 2025
Downgrade ELME JP Morgan Overweight Neutral $19 $18 Dec. 17, 2024
Initiation ELME Wolfe Research -- Peer Perform -- -- Oct. 21, 2024

News

3 Residential REITs Set to Gain From Strong Sector Fundamentals
ELME, NXRT, VRE
Published: June 25, 2025 by: Zacks Investment Research
Sentiment: Positive

Despite macroeconomic uncertainty, healthy rental demand amid favorable demographics and high homeownership costs poise Residential REITs like VRE, ELME and NXRT well for growth.

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image for news 3 Residential REITs Set to Gain From Strong Sector Fundamentals
Why Elme Communities Is A Buy At The Right Price
ELME
Published: April 04, 2025 by: Seeking Alpha
Sentiment: Positive

Despite federal workforce layoffs, Elme's limited exposure to federal jobs and strong portfolio fundamentals, including high occupancy and rent growth, support its stability. Management anticipates steady revenue and expense growth, with additional NOI expected from managed Wi-Fi initiatives and operational cost savings. Given current economic uncertainties and Elme's fair valuation, I recommend a 'Hold' on the stock until a more attractive entry point around a 15x P/FFO range.

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image for news Why Elme Communities Is A Buy At The Right Price
Elme (ELME) Misses Q4 FFO Estimates
ELME
Published: February 13, 2025 by: Zacks Investment Research
Sentiment: Negative

Elme (ELME) came out with quarterly funds from operations (FFO) of $0.23 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to FFO of $0.24 per share a year ago.

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image for news Elme (ELME) Misses Q4 FFO Estimates

About Elme Communities (ELME)

  • IPO Date 1980-03-17
  • Website https://www.elmecommunities.com
  • Industry REIT - Office
  • CEO Paul T. McDermott
  • Employees 255
Elme Communities owns and operates uniquely positioned real estate assets in the Washington Metro area. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. As of October 29, 2020, the Company's portfolio of 45 properties includes approximately 3.7 million square feet of commercial space and 6,863 multifamily apartment units. These 45 properties consist of 22 multifamily properties,15 office properties, and 8 retail centers. Our shares trade on the NYSE. With a track record of driving returns and delivering satisfaction, we are a trusted authority in one of the nation's most competitive real estate markets.