Elme Communities Management
Management criteria checks 2/4
Elme Communities' CEO is Paul McDermott, appointed in Oct 2013, has a tenure of 12.83 years. total yearly compensation is $4.06M, comprised of 18.5% salary and 81.5% bonuses, including company stock and options. directly owns 0.88% of the company’s shares, worth $1.27M. The average tenure of the management team and the board of directors is 3 years and 11.8 years respectively.
Key information
Paul McDermott
Chief executive officer
US$4.1m
Total compensation
| CEO salary percentage | 18.47% |
| CEO tenure | 12.8yrs |
| CEO ownership | 0.9% |
| Management average tenure | 3yrs |
| Board average tenure | 11.8yrs |
Recent management updates
Recent updates
Elme Communities: Potential Opportunity In Liquidation
Summary Elme is currently liquidating their entire remaining portfolio of multifamily properties. The expected final liquidation proceeds exceed the current share price. ELME is projected to complete the liquidation process in the 4th quarter of 2026. All 4 remaining properties are already under contract, reducing the risk of failing to execute on dispositions. Although the share price increased on the recent liquidation update from ELME, enough upside remains to create an interesting opportunity. Read the full article on Seeking Alpha
ELME: Liquidation Distributions Will Deliver Attractive Cash Returns Despite Lower Sale Proceeds
Analysts have modestly revised their price view on Elme Communities, keeping the fair value estimate around $18.00 while adjusting underlying assumptions such as the discount rate, profit margin, and future P/E to reflect updated expectations for risk and earnings quality. What's in the News Elme Communities updated its estimate for total liquidating distributions to a range of US$17.02 to US$17.47 per common share, including the initial US$14.67 per share distribution paid in January 2026.ELME: Liquidation Distributions Will Drive Attractive Cash Returns Through Asset Sales
Analysts have maintained their price target for Elme Communities at $18.00, citing updated assumptions that now reflect a higher discount rate, a steeper 76% revenue decline outlook, and a very large future P/E multiple that together offset a slightly lower profit margin expectation. What's in the News Elme Communities announced a plan of sale and liquidation and has been reducing its workforce, with approximately 117 employees remaining as of November 14, 2025, including about 73 in community management roles (company disclosure).ELME: Liquidation Plan And $14.67 Distribution Will Drive Future Cash Returns
Analysts now hold Elme Communities at a steady fair value of $18.00 per share, reflecting a slightly higher implied future P/E and a small trim to profit margin assumptions guiding this unchanged price target. What's in the News Board approves a special liquidating distribution of $14.67 per share, payable on January 7, 2026 to shareholders of record on December 22, 2025 (Special Dividend Announced).ELME: Liquidation Plan And $14.67 Distribution Will Drive Future Cash Returns
Analysts have maintained their fair value estimate for Elme Communities at $18.00. They cite a higher discount rate of 10.73%, slightly stronger profit margin assumptions at 17.23%, and a very high forward P/E of about 252x as key factors behind the unchanged price target.ELME: Liquidation Payout And Asset Sales Will Reshape Future Cash Returns
Analysts have raised their price target on Elme Communities from 13 dollars to 18 dollars, citing a lower discount rate and still-solid profit margins despite sharply reduced revenue growth expectations and a much higher projected future P E multiple. What's in the News Board of Trustees approved a special liquidating distribution of $14.67 per share, payable January 7, 2026 to shareholders of record on December 22, 2025 (company announcement) Company is implementing workforce reductions following the sale of 19 multifamily assets and adoption of a plan of sale and liquidation, with headcount reduced to about 117 employees as of November 14, 2025 (company filing) Reported real estate impairment charges totaling approximately $111.7 million for the year ended September 30, 2025 (company disclosure) Reported no share repurchases from July 1 to September 30, 2025 under the buyback program announced in October 2023 (company disclosure) Scheduled a special or extraordinary shareholders meeting for October 30, 2025, to be held via online portal meetnow.global/m9fjr5r (company notice) Valuation Changes The fair value target increased from 13 dollars to 18.00 dollars, indicating a materially higher implied equity valuation.Robust Multifamily Trends Will Boost Future Asset Sales
Despite notable improvements in both net profit margin and revenue growth forecasts, the consensus analyst price target for Elme Communities has been sharply reduced from $18.33 to $13.00. What's in the News Elme Communities Board has approved a $1.6 billion portfolio sale of 19 assets to Cortland Partners, with transaction closure expected in Q4, pending shareholder approval.
Resident Services And Renovations Will Modernize Washington Metro Area
Strategic initiatives like the Board review and Resident Services launch aim to boost revenue, operational efficiency, and shareholder value.Elme Communities: Lack Of Near-Term Catalyst Post-Turnaround Points To A Hold
Summary ELME, a REIT focused on multifamily residential buildings in Washington and Atlanta, has streamlined its business but hasn't seen market rewards. Despite a solid strategy, ELME is hindered by scale; potential catalysts include opportunistic acquisitions within core markets. Renovations and operational improvements are key to increasing NOI, with various optimization initiatives adding value. ELME is a Hold, with shares fairly valued. Read the full article on Seeking AlphaElme Communities: Shares Valued Fairly As DC Metro Market Tops Expectations
Summary ELME Communities owns and operates value-add multifamily properties in the DC metro and Atlanta metro regions of the U.S. The REIT has benefitted from strong operating strength in the DC metro, a market that has been one of the best performing nationally in 2024. The market has benefitted from a combination of low supply growth and robust market wage growth. The competitive advantages of the DC metro have been offset to a degree by underperformance in the Atlanta metro. I view ELME stock as fairly valued as further supply growth looms in 2025. Read the full article on Seeking AlphaElme Communities: Doesn't Seem Worth The Risks
Summary Elme Communities owns and operates apartment communities in Washington, DC and Atlanta. Though multifamily landlords have been enjoying a strong tailwind due to the high cost of financing the purchase of a home today, this REIT has struggled. While the shares are trading at a discount to NAV, there's a good chance we won't see a recovery soon enough because of risks that the market has correctly assessed. Read the full article on Seeking AlphaCEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Oct 31 2025 | n/a | n/a | -US$185m |
| Sep 30 2025 | n/a | n/a | -US$135m |
| Jun 30 2025 | n/a | n/a | -US$15m |
| Mar 31 2025 | n/a | n/a | -US$14m |
| Dec 31 2024 | US$4m | US$750k | -US$13m |
| 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$6m |
Compensation vs Market: Paul's total compensation ($USD4.06M) is above average for companies of similar size in the US market ($USD654.26K).
Compensation vs Earnings: Paul's compensation has increased whilst the company is unprofitable.
CEO
Paul McDermott (64 yo)
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 |
|---|---|---|---|---|
| Chairman of Board | 12.8yrs | US$4.06m | 0.88% $ 1.3m | |
| Executive VP | 2.9yrs | US$917.39k | 0.086% $ 124.3k | |
| Executive VP & COO | 3.1yrs | US$1.78m | 0.11% $ 157.0k | |
| Vice President of Investor Relations | 7.1yrs | no data | no data | |
| Director of Brand & Marketing | 1.8yrs | no data | no data | |
| Vice President of Human Resources | 3.3yrs | no data | no data | |
| Senior Director of Asset Management | 1.8yrs | no data | no data | |
| Controller | 1.8yrs | no data | no data |
Experienced Management: ELME's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of Board | 12.8yrs | US$4.06m | 0.88% $ 1.3m | |
| Independent Trustee | 11.6yrs | US$179.98k | 0.068% $ 97.8k | |
| Independent Trustee | 4.3yrs | US$172.48k | 0.040% $ 57.0k | |
| Lead Independent Trustee | 12.1yrs | US$222.48k | 0.11% $ 160.4k | |
| Independent Trustee | 15.1yrs | US$176.48k | 0.083% $ 119.7k | |
| Independent Trustee | 2.9yrs | US$169.98k | 0.016% $ 22.9k |
Experienced Board: ELME's board of directors are seasoned and experienced ( 11.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/11 22:03 |
| End of Day Share Price | 2026/08/11 00:00 |
| Earnings | 2025/10/31 |
| Annual Earnings | 2025/10/31 |
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 |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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.
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 Github.
Analyst Sources
Elme Communities is covered by 10 analysts. 0 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 |
| Christopher Lucas | Capital One Securities, Inc. |
| Mitchell Germain | Citizens JMP Securities, LLC |