ELME Stock Overview
Elme Communities is committed to elevating what home can be for middle-income renters by providing a higher level of quality, service, and experience. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 1/6 |
| Dividends | 4/6 |
My Notes
Capture your thoughts, links and company narrative
Elme Communities Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$14.88 |
| 52 Week High | US$18.49 |
| 52 Week Low | US$12.74 |
| Beta | 0.92 |
| 1 Month Change | -0.20% |
| 3 Month Change | -11.80% |
| 1 Year Change | 2.76% |
| 3 Year Change | -39.63% |
| 5 Year Change | -52.40% |
| Change since IPO | 1,155.50% |
Recent News & Updates
Elme Communities: Lack Of Near-Term Catalyst Post-Turnaround Points To A Hold
Jan 23Elme Communities: Shares Valued Fairly As DC Metro Market Tops Expectations
Dec 02Recent updates
Elme Communities: Lack Of Near-Term Catalyst Post-Turnaround Points To A Hold
Jan 23Elme Communities: Shares Valued Fairly As DC Metro Market Tops Expectations
Dec 02Elme Communities: Doesn't Seem Worth The Risks
Jul 18Elme Communities: Positive Developments, Neutral View On Shares
Oct 31ELME Communities: Executing On Transformation Efforts, Shares Fairly Valued
Aug 24Elme Communities: Investing In Smart Technologies To Grow FFO
Jun 21Elme Communities Q4 Earnings Preview
Feb 15Elme Communities: May Have Missed The Multifamily Train
Jan 18Elme Communities goes ex-dividend tomorrow
Dec 20Shareholder Returns
| ELME | US Residential REITs | US Market | |
|---|---|---|---|
| 7D | 0.9% | -0.5% | -0.2% |
| 1Y | 2.8% | 10.9% | 23.7% |
Return vs Industry: ELME underperformed the US Residential REITs industry which returned 10.9% over the past year.
Return vs Market: ELME underperformed the US Market which returned 23.7% over the past year.
Price Volatility
| ELME volatility | |
|---|---|
| ELME Average Weekly Movement | 3.3% |
| Residential REITs Industry Average Movement | 3.4% |
| Market Average Movement | 6.5% |
| 10% most volatile stocks in US Market | 18.8% |
| 10% least volatile stocks in US Market | 3.3% |
Stable Share Price: ELME has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: ELME's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1960 | 243 | Paul McDermott | www.elmecommunities.com |
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 shareholders.
Elme Communities Fundamentals Summary
| ELME fundamental statistics | |
|---|---|
| Market cap | US$1.33b |
| Earnings (TTM) | -US$13.47m |
| Revenue (TTM) | US$239.52m |
5.5x
P/S Ratio-97.2x
P/E RatioIs ELME overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ELME income statement (TTM) | |
|---|---|
| Revenue | US$239.52m |
| Cost of Revenue | US$95.07m |
| Gross Profit | US$144.46m |
| Other Expenses | US$157.93m |
| Earnings | -US$13.47m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
Feb 13, 2025
| Earnings per share (EPS) | -0.15 |
| Gross Margin | 60.31% |
| Net Profit Margin | -5.63% |
| Debt/Equity Ratio | 63.1% |
How did ELME perform over the long term?
See historical performance and comparisonDividends
4.8%
Current Dividend Yield76%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/29 22:56 |
| End of Day Share Price | 2025/01/29 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Elme Communities is covered by 18 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Rodgers | Baird |
| Michael Gorman | BTIG |
| James Sullivan | BTIG |