Elme Communities (ELME)

Market Cap	1.41B
Revenue (ttm)	243.92M
Net Income (ttm)	-14.43M
Shares Out	88.17M
EPS (ttm)	-0.16
PE Ratio	n/a
Forward PE	n/a
Dividend	$0.72 (4.50%)
Ex-Dividend Date	Jun 17, 2025

Volume	581,855
Open	15.92
Previous Close	15.86
Day's Range	15.74 - 16.06
52-Week Range	13.95 - 18.49
Beta	0.98
Analysts	Hold
Price Target	17.80 (+11.22%)
Earnings Date	May 1, 2025

About ELME

Elme Communities, a Maryland real estate investment trust, formerly known as Washington Real Estate Investment Trust (the “Company”), is a self-administered equity real estate investment trust (“REIT”) within the meaning of Sections 856-860 of the Internal Revenue Code of 1986, as amended (the “Code”) and successor to a trust organized in 1960. Our business primarily consists of the ownership of apartment communities in the greater Washington, DC metro and Sunbelt regions. As of December 31, 2024, we owned 28 apartment communities and one offic...

• Industry: REIT - Residential
• Sector: Real Estate
• Founded: 1960
• Employees: 255
• Stock Exchange: NYSE
• Ticker Symbol: ELME
• Website: https://www.elmecommunities.com

Financial Performance

In 2024, Elme Communities's revenue was $241.94 million, an increase of 6.15% compared to the previous year's $227.91 million. Losses were -$13.39 million, -74.85% less than in 2023.

Analyst Forecast

According to 6 analysts, the average rating for ELME stock is "Hold." The 12-month stock price forecast is $17.8, which is an increase of 11.22% from the latest price.

Price Target

$17.8

(11.22% upside)

Analyst Consensus: Hold