Elme Communities (ELME)

NYSE: ELME · IEX Real-Time Price · USD
14.84
+0.12 (0.78%)
Apr 19, 2024, 1:49 PM EDT - Market open
0.78%
Market Cap 1.30B
Revenue (ttm) 227.91M
Net Income (ttm) -52.98M
Shares Out 87.87M
EPS (ttm) -0.61
PE Ratio n/a
Forward PE n/a
Dividend $0.72 (4.86%)
Ex-Dividend Date Mar 19, 2024
Volume 420,093
Open 14.76
Previous Close 14.72
Day's Range 14.76 - 15.13
52-Week Range 12.44 - 18.13
Beta 0.93
Analysts Hold
Price Target 16.67 (+12.41%)
Earnings Date May 1, 2024

About ELME

Elme Communities is committed to elevating what home can be for middle-income renters by providing a higher level of quality, service, and experience. The Company is a multifamily real estate investment trust that owns and operates approximately 9,400 apartment homes in the Washington, DC metro and the Atlanta metro regions, and owns approximately 300,000 square feet of commercial space. Focused on providing quality, affordable homes to a deep, solid, and underserved base of mid-market demand, Elme Communities is building long-term value for sh... [Read more]

Sector Real Estate
Founded 1960
Employees 243
Stock Exchange NYSE
Ticker Symbol ELME
Full Company Profile

Financial Performance

In 2023, ELME's revenue was $227.91 million, an increase of 8.85% compared to the previous year's $209.38 million. Losses were -$52.98 million, 71.6% more than in 2022.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for ELME stock is "Hold." The 12-month stock price forecast is $16.67, which is an increase of 12.41% from the latest price.

Price Target
$16.67
(12.41% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Elme Communities to Release First Quarter 2024 Results on Wednesday, May 1st

BETHESDA, Md., March 26, 2024 (GLOBE NEWSWIRE) -- Elme Communities (“Elme”) (NYSE:ELME), a value-oriented multifamily owner and operator, will release first quarter earnings results after market close...

23 days ago - GlobeNewsWire

Elme Communities Announces Fourth Quarter and Full Year 2023 Results

BETHESDA, Md., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reporte...

2 months ago - GlobeNewsWire

Elme Communities Announces Income Tax Treatment of its 2023 Dividend Distribution

BETHESDA, Md., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Elme Communities (NYSE:ELME) announced the income tax treatment of its 2023 dividend distributions. This information represents final income allocation...

3 months ago - GlobeNewsWire

Elme Communities to Release Fourth Quarter 2023 Results on Thursday, February 15th

BETHESDA, Md., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Elme Communities (“Elme”) (NYSE:ELME), a value-oriented multifamily owner and operator, will release fourth quarter earnings results after market close...

3 months ago - GlobeNewsWire

Elme Communities Announces Third Quarter 2023 Results

BETHESDA, Md., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with communities in the Washington DC metro area and the Atlanta metro area, reported...

6 months ago - GlobeNewsWire

Elme Communities to Release Third Quarter 2023 Results on Thursday, October 26th

BETHESDA, Md., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Elme Communities (“Elme”) (NYSE:ELME), a value-oriented multifamily owner and operator, will release third quarter earnings results after market close ...

7 months ago - GlobeNewsWire

Elme Communities Welcomes New Board Member, Susan Carras

WASHINGTON, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Elme Communities (NYSE: ELME), a value-oriented multifamily owner and operator, announced today the appointment of Susan Carras as an independent directo...

7 months ago - GlobeNewsWire

Elme Communities Announces Second Quarter 2023 Results

WASHINGTON, July 31, 2023 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with communities in the Washington DC metro area and the Sunbelt, reported financial and...

9 months ago - GlobeNewsWire

Don't be a landlord—own these REITs instead

Who would be a landlord? The costs are high, the risks are huge, and the so-called “passive income” is uncertain.

Other symbols: AIRCAIVAVBCPTEQRESSMAA
10 months ago - Market Watch

Elme Communities Appoints Chief Operating Officer

COO to initially focus on advancing operational initiatives to maximize NOI COO to initially focus on advancing operational initiatives to maximize NOI

10 months ago - GlobeNewsWire

Elme Communities to Release Second Quarter 2023 Results on Monday, July 31st

WASHINGTON, June 26, 2023 (GLOBE NEWSWIRE) -- Elme Communities (“Elme”) (NYSE:ELME), a value-oriented multifamily owner and operator, will release second quarter earnings results after market close on...

10 months ago - GlobeNewsWire

Do you need investment income? Here are 20 REIT stocks with dividends expected to be well supported through 2025.

Investors have good reason to be concerned about the real-estate market. It has been obvious for decades that the U.S. has too many retail properties, and now, changing work habits promise to put down...

11 months ago - Market Watch

Top 3 Real Estate Stocks That Could Blast Off In June - Comstock Holding Co (NASDAQ:CHCI), Elme Communities (NYSE:ELME)

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

Other symbols: CHCI
11 months ago - Benzinga

Elme Communities Issues 2023 ESG Report

WASHINGTON, May 24, 2023 (GLOBE NEWSWIRE) -- Elme Communities (“Elme” or the “Company”) (NYSE: ELME), a value-driven multifamily owner and operator, announced the publication of its 2023 ESG Report. T...

11 months ago - GlobeNewsWire

Debt default would hurt REITs with government exposure, says Morgan Stanley's Ron Kamdem

Ron Kamdem, head of US REITs and commercial real estate at Morgan Stanley, joins 'The Exchange' to discuss how the debt ceiling could impact REITs numbers, consumer spending moving down if the governm...

Other symbols: AREDEAVNOWELL
1 year ago - CNBC Television

Elme Communities Announces First Quarter 2023 Results

WASHINGTON, April 27, 2023 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with properties in the Washington DC metro area and the Sunbelt, reported financial and...

1 year ago - GlobeNewsWire

Elme Communities to Release First Quarter 2023 Results on Thursday, April 27th

WASHINGTON, March 23, 2023 (GLOBE NEWSWIRE) -- Elme Communities (NYSE:ELME) will release first quarter earnings results after market close on Thursday, April 27, 2023. A conference call to discuss the...

1 year ago - GlobeNewsWire

Elme Communities Announces Fourth Quarter and Full Year 2022 Results

WASHINGTON, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with properties in the Washington DC metro area and the Sunbelt, reported financial and ...

1 year ago - GlobeNewsWire

Elme Communities Announces 2022 Dividend Income Tax Treatment

WASHINGTON, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Elme Communities (“Elme”) (NYSE:ELME) announced the income tax treatment of its 2022 dividend distributions. This information represents final income allo...

1 year ago - GlobeNewsWire

Elme Communities to Release Fourth Quarter 2022 Results on Thursday, February 16th

WASHINGTON, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Elme Communities (“Elme”) (NYSE:ELME) will release fourth quarter earnings results after market close on Thursday, February 16, 2023.

1 year ago - GlobeNewsWire

Elme Communities Announces CFO Succession Plan

WASHINGTON, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Elme Communities (“Elme” or the “Company”) (NYSE: ELME), a value-driven multifamily owner and operator, announced the planned retirement of Stephen E. Rif...

1 year ago - GlobeNewsWire

Elme Communities Announces Third Quarter 2022 Results

WASHINGTON, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with properties in the Washington metro area and the Sunbelt, reported financial and ope...

1 year ago - GlobeNewsWire

Elme Communities Issues 2022 ESG Report

WASHINGTON, Oct. 25, 2022 (GLOBE NEWSWIRE) -- Elme Communities (“Elme” or the “Company”) (NYSE: ELME), a value-driven multifamily owner and operator, announced the publication of its 2022 ESG Report. ...

1 year ago - GlobeNewsWire