Elme Communities Management

Management criteria checks 3/4

Elme Communities' CEO is Paul McDermott, appointed in Oct 2013, has a tenure of 11.08 years. total yearly compensation is $3.71M, comprised of 20.2% salary and 79.8% bonuses, including company stock and options. directly owns 0.7% of the company’s shares, worth $10.63M. The average tenure of the management team and the board of directors is 1.7 years and 9.8 years respectively.

Key information

Paul McDermott

Chief executive officer

US$3.7m

Total compensation

CEO salary percentage	20.2%
CEO tenure	11.1yrs
CEO ownership	0.7%
Management average tenure	1.7yrs
Board average tenure	9.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Paul McDermott's remuneration changed compared to Elme Communities's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$13m
Jun 30 2024	n/a	n/a	-US$54m
Mar 31 2024	n/a	n/a	-US$53m
Dec 31 2023	US$4m	US$750k	-US$53m
Sep 30 2023	n/a	n/a	-US$54m
Jun 30 2023	n/a	n/a	-US$21m
Mar 31 2023	n/a	n/a	-US$27m
Dec 31 2022	US$5m	US$750k	-US$31m
Sep 30 2022	n/a	n/a	-US$34m
Jun 30 2022	n/a	n/a	-US$46m
Mar 31 2022	n/a	n/a	-US$54m
Dec 31 2021	US$4m	US$750k	-US$54m
Sep 30 2021	n/a	n/a	-US$62m
Jun 30 2021	n/a	n/a	-US$47m
Mar 31 2021	n/a	n/a	-US$42m
Dec 31 2020	US$5m	US$750k	-US$41m
Sep 30 2020	n/a	n/a	US$29m
Jun 30 2020	n/a	n/a	US$26m
Mar 31 2020	n/a	n/a	US$32m
Dec 31 2019	US$4m	US$650k	-US$6m
Sep 30 2019	n/a	n/a	-US$27m
Jun 30 2019	n/a	n/a	-US$18m
Mar 31 2019	n/a	n/a	-US$7m
Dec 31 2018	US$4m	US$650k	US$627k
Sep 30 2018	n/a	n/a	US$3m
Jun 30 2018	n/a	n/a	US$7m
Mar 31 2018	n/a	n/a	US$10m
Dec 31 2017	US$7m	US$650k	-US$4m

Compensation vs Market: Paul's total compensation ($USD3.71M) is below average for companies of similar size in the US market ($USD5.54M).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.

CEO

Paul McDermott (62 yo)

11.1yrs

Tenure

US$3,707,826

Compensation

Mr. Paul T. McDermott serves as the Chief Executive Officer, President and Trustee at Elme Communities (formerly known as Washington Real Estate Investment Trust) since October 1, 2013 and has been its Cha...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Paul McDermott	Chairman of Board	11.1yrs	US$3.71m	0.70% $ 10.6m
Steven Freishtat	Executive VP & CFO	1.7yrs	US$973.81k	0.042% $ 634.8k
Tiffany Butcher	Executive VP & COO	1.3yrs	US$1.23m	0.046% $ 707.4k
Susan Gerock	Senior VP of Information Technology & Chief Information Officer	8.6yrs	US$968.76k	0.066% $ 1.0m
Wade Hammond	Senior VP	1.2yrs	US$725.81k	0.054% $ 819.4k
Daniel Chappell	Vice President of Investments	no data	no data	no data
A. Montgomery	Vice President of Research	no data	no data	no data
Amy Hopkins	Vice President of Investor Relations	5.3yrs	no data	no data
Efrem Reid	Vice President of Human Resources	1.6yrs	no data	no data

1.7yrs

Average Tenure

49yo

Average Age

Experienced Management: ELME's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Paul McDermott	Chairman of Board	11.1yrs	US$3.71m	0.70% $ 10.6m
Thomas Nolan	Independent Trustee	9.8yrs	US$179.98k	0.0022% $ 34.2k
Jennifer Banner	Independent Trustee	2.5yrs	US$172.48k	0% $ 0
Benjamin Butcher	Lead Independent Trustee	10.3yrs	US$200.61k	0% $ 0
Ellen Goitia	Independent Trustee	7.4yrs	US$182.48k	0.042% $ 633.1k
Anthony Winns	Independent Trustee	13.3yrs	US$176.48k	0% $ 0
Susan Carras	Independent Director	1.2yrs	US$44.64k	0.0055% $ 83.4k

9.8yrs

Average Tenure

66yo

Average Age

Experienced Board: ELME's board of directors are considered experienced (9.8 years average tenure).

Elme Communities Management

Management criteria checks 3/4

Key information

Recent management updates

Elme Communities, Annual General Meeting, May 30, 2024

Elme Communities Appoints Susan Carras as Independent Director to the Board of Trustees

Elme Communities Appoints Tiffany M. Butcher as Executive Vice President and Chief Operating Officer, Effective July 10, 2023

Insufficient new directors

Elme Communities Announces Executive Changes

Recent updates

Third quarter dividend of US$0.18 announced

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Elme Communities Provides Earnings Guidance for the Full Year Ending December 31, 2024

Elme Communities to Report Q3, 2024 Results on Nov 04, 2024

Consensus EPS estimates fall by 82%

Price target increased by 10% to US$18.00

Price target increased by 11% to US$17.33

Upcoming dividend of US$0.18 per share

Second quarter dividend of US$0.18 announced

Second quarter 2024 earnings: EPS misses analyst expectations

Elme Communities Provides Earnings Guidance for the Full Year Ending December 31, 2024

Elme Communities: Doesn't Seem Worth The Risks

Elme Communities to Report Q2, 2024 Results on Aug 01, 2024

Consensus EPS estimates fall by 22%

Upcoming dividend of US$0.18 per share

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Elme Communities Declares Quarterly Dividend, Payable on July 3, 2024

Elme Communities, Annual General Meeting, May 30, 2024

Now 21% undervalued

Consensus EPS estimates fall from profit to US$0.063 loss

Elme Communities to Report Q1, 2024 Results on May 01, 2024

Upcoming dividend of US$0.18 per share

Elme Communities has filed a Follow-on Equity Offering in the amount of $350 million.

Elme Communities has completed a Follow-on Equity Offering in the amount of $550 million.

Fourth quarter dividend of US$0.18 announced

Full year 2023 earnings: EPS misses analyst expectations

Elme Communities Declares Quarterly Dividend, Payable on April 3, 2024

Now 20% undervalued

Now 20% undervalued

Elme Communities to Report Q4, 2023 Results on Feb 15, 2024

Now 21% undervalued

Upcoming dividend of US$0.18 per share at 5.4% yield

Price target decreased by 8.2% to US$15.00

Consensus EPS estimates fall from profit to US$0.48 loss

Price target decreased by 15% to US$16.33

Elme Communities: Positive Developments, Neutral View On Shares

Elme Communities Declares Quarterly Dividend, Payable on January 4, 2024

Elme Communities (NYSE:ELME) announces an Equity Buyback for $50 million worth of its shares.

Elme Communities to Report Q3, 2023 Results on Oct 26, 2023

Consensus EPS estimates fall by 20%

Elme Communities Appoints Susan Carras as Independent Director to the Board of Trustees

Upcoming dividend of US$0.18 per share at 4.9% yield

ELME Communities: Executing On Transformation Efforts, Shares Fairly Valued

Forecast breakeven date moved forward to 2024

Forecast breakeven date pushed back to 2025

Second quarter 2023 earnings: EPS misses analyst expectations

Elme Communities Provides Earnings Guidance for the Year Ending December 31, 2023

Now 20% undervalued after recent price drop

Consensus EPS estimates fall by 44%

Elme Communities Appoints Tiffany M. Butcher as Executive Vice President and Chief Operating Officer, Effective July 10, 2023

Elme Communities to Report Q2, 2023 Results on Jul 31, 2023

Elme Communities: Investing In Smart Technologies To Grow FFO

Upcoming dividend of US$0.18 per share at 4.6% yield

Now 20% undervalued after recent price drop

Forecast to breakeven in 2024

Now 21% undervalued after recent price drop

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target increased by 11% to US$20.75

Upcoming dividend of US$0.18 per share at 4.0% yield

Elme Communities Provides Earnings Guidance for the Full Year 2023

Full year 2022 earnings: EPS misses analyst expectations

Elme Communities Q4 Earnings Preview

Elme Communities: May Have Missed The Multifamily Train

Price target decreased to US$19.75

Elme Communities to Report Q4, 2022 Results on Feb 16, 2023

Elme Communities goes ex-dividend tomorrow

Upcoming dividend of US$0.17 per share

Consensus forecasts updated

Insufficient new directors

Elme Communities Announces Executive Changes