Elme Communities (ELME)

NYSE: ELME · IEX Real-Time Price · USD
19.27
-0.03 (-0.16%)
Dec 6, 2022 2:43 PM EST - Market open
-0.16%
Market Cap 1.54B
Revenue (ttm) 198.54M
Net Income (ttm) -34.13M
Shares Out 87.45M
EPS (ttm) 0.11
PE Ratio 173.60
Forward PE n/a
Dividend $0.68 (3.53%)
Ex-Dividend Date Dec 21, 2022
Volume 125,208
Open 19.33
Previous Close 19.3
Day's Range 19.19 - 19.4
52-Week Range 16.14 - 26.79
Beta 0.90
Analysts Buy
Price Target 22.24 (+15.4%)
Earnings Date Oct 28, 2022

About ELME

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... [Read more]

Industry Equity Real Estate Investment Trusts (REITs)
Founded 1960
CEO Paul McDermott
Employees 53
Stock Exchange NYSE
Ticker Symbol ELME
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for ELME stock is "Buy." The 12-month stock price forecast is 22.24, which is an increase of 15.41% from the latest price.

Price Target
$22.24
(15.41% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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. Riffe...

3 weeks ago - GlobeNewsWire

Washington Reit (ELME) Meets Q3 FFO Estimates

Washington Reit (ELME) delivered FFO and revenue surprises of 0% and 3.13%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

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 opera...

1 month 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. Th...

1 month ago - GlobeNewsWire

WashREIT is Now Elme Communities

Elme Communities is “ el evating ho me ” for underserved mid-market renters

1 month ago - GlobeNewsWire

WashREIT (WRE) Expects 14% Core FFO Growth in 2023

Washington Real Estate Investment Trust (WRE) experiences strong performance during its peak leasing months this year on the back of healthy demand and pricing power.

2 months ago - Zacks Investment Research

WashREIT Issues 2023 Guidance and Provides Operating Update

Delivers strong operating performance through peak leasing season

2 months ago - GlobeNewsWire

WashREIT to Release Third Quarter 2022 Results on Thursday, October 27th

WASHINGTON, Sept. 19, 2022 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE), a multifamily real estate investment trust (REIT) that primarily owns and operates value-oriented apartment communities in the Washing...

2 months ago - GlobeNewsWire

Washington Reit (WRE) Lags Q2 FFO Estimates

Washington Reit (WRE) delivered FFO and revenue surprises of -4.55% and 0.13%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

WashREIT Announces Second Quarter 2022 Results

WASHINGTON, July 28, 2022 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust (“WashREIT” or the “Company”) (NYSE: WRE), a multifamily REIT with properties in the Washington metro area and the S...

4 months ago - GlobeNewsWire

WashREIT to Release Second Quarter 2022 Results on Thursday, July 28th

WASHINGTON, June 23, 2022 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE) will release second quarter earnings results after market close on Thursday, July 28, 2022.

5 months ago - GlobeNewsWire

WashREIT Welcomes New Board Member, Jennifer Banner

WASHINGTON, May 26, 2022 (GLOBE NEWSWIRE) -- WashREIT (NYSE: WRE) announced today the election of Jennifer S. Banner as an independent director to the Board of Trustees. Her election expands the company...

6 months ago - GlobeNewsWire

Washington Reit (WRE) Tops Q1 FFO and Revenue Estimates

Washington Reit (WRE) delivered FFO and revenue surprises of 5.26% and 1%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research

WashREIT Announces First Quarter 2022 Results and Updates Progress on Southeast Expansion

WASHINGTON, April 27, 2022 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust (“WashREIT” or the “Company”) (NYSE: WRE), a multifamily REIT with properties in the Washington metro area and the ...

7 months ago - GlobeNewsWire

WashREIT to Release First Quarter 2022 Results on Wednesday, April 27th

WASHINGTON, March 17, 2022 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE) will release first quarter earnings results after market close on Wednesday, April 27, 2022.

8 months ago - GlobeNewsWire

WashREIT Promotes Susan Lilly Gerock to Senior Vice President, Chief Information Officer

WASHINGTON, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Having increased its emphasis on data and technology initiatives as a focused apartment owner and operator, WashREIT (NYSE: WRE) announced that Susan Lilly ...

9 months ago - GlobeNewsWire

Washington Reit (WRE) Q4 FFO and Revenues Miss Estimates

Washington Reit (WRE) delivered FFO and revenue surprises of -5.56% and 1.85%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

9 months ago - Zacks Investment Research

WashREIT Announces Fourth Quarter and Full Year 2021 Results

WASHINGTON, Feb. 17, 2022 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust (“WashREIT” or the “Company”) (NYSE: WRE), a multifamily REIT with properties in the Washington metro area and the S...

9 months ago - GlobeNewsWire

WashREIT Achieves the First-Ever BREEAM Certification for Multifamily Industry in the US

WASHINGTON, D.C.--(BUSINESS WIRE)--WashREIT (NYSE: WRE) has announced the successful certification of eight multifamily assets under BREEAM's In-Use certification standard. This achievement marks a sign...

9 months ago - Business Wire

WashREIT Announces 2021 Dividend Income Tax Treatment

WASHINGTON, Jan. 20, 2022 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE) announced the income tax treatment of its 2021 dividend distributions. This information represents final income allocations. Shareholder...

10 months ago - GlobeNewsWire

WashREIT to Release Fourth Quarter 2021 Results on Thursday, February 17th

WASHINGTON, Jan. 10, 2022 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE) will release fourth quarter earnings results after market close on Thursday, February 17, 2022.

10 months ago - GlobeNewsWire

WashREIT Achieves BREEAM Certifications and Completes Green Bond Allocation

WASHINGTON, Dec. 16, 2021 (GLOBE NEWSWIRE) -- WashREIT (NYSE: WRE) announced today that it has issued its Green Bond Allocation Report, outlining the full allocation of net proceeds of its $350 million ...

11 months ago - GlobeNewsWire

This REIT Had a Terrible Quarter: Here's Why It's Still a Buy

The company is undergoing a transformation.

1 year ago - The Motley Fool

Washington Reit (WRE) Lags Q3 FFO and Revenue Estimates

Washington Reit (WRE) delivered FFO and revenue surprises of -4.76% and -5.81%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

WashREIT Announces Third Quarter 2021 Results and Updates Progress on Transformation

WASHINGTON, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust (“WashREIT” or the “Company”) (NYSE: WRE), a multifamily REIT with properties in the Washington metro region and the...

1 year ago - GlobeNewsWire