Elme Communities Management

Management criteria checks 3/4

Elme Communities' CEO is Paul McDermott, appointed in Oct 2013, has a tenure of 10.42 years. total yearly compensation is $5.28M, comprised of 14.2% salary and 85.8% bonuses, including company stock and options. directly owns 0.7% of the company’s shares, worth $8.48M. The average tenure of the management team and the board of directors is 3.3 years and 9.2 years respectively.

Key information

Paul McDermott

Chief executive officer

US$5.3m

Total compensation

CEO salary percentage14.2%
CEO tenure10.4yrs
CEO ownership0.7%
Management average tenure3.3yrs
Board average tenure9.2yrs

Recent management updates

Recent updates

Elme Communities: Positive Developments, Neutral View On Shares

Oct 31

ELME Communities: Executing On Transformation Efforts, Shares Fairly Valued

Aug 24

Elme Communities: Investing In Smart Technologies To Grow FFO

Jun 21

Elme Communities Q4 Earnings Preview

Feb 15

Elme Communities: May Have Missed The Multifamily Train

Jan 18

Elme Communities goes ex-dividend tomorrow

Dec 20

Elme Communities CFO Stephen Riffee to retire

Nov 09

Washington Real Estate: Too Concentrated In Just One Economic Region

Sep 19

Washington Real Estate Investment Trust: Shares Are Starting To Look Unappealing

May 28

CEO Compensation Analysis

How has Paul McDermott's remuneration changed compared to Elme Communities's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

-US$53m

Sep 30 2023n/an/a

-US$54m

Jun 30 2023n/an/a

-US$21m

Mar 31 2023n/an/a

-US$27m

Dec 31 2022US$5mUS$750k

-US$31m

Sep 30 2022n/an/a

-US$34m

Jun 30 2022n/an/a

-US$46m

Mar 31 2022n/an/a

-US$54m

Dec 31 2021US$4mUS$750k

-US$54m

Sep 30 2021n/an/a

-US$62m

Jun 30 2021n/an/a

-US$47m

Mar 31 2021n/an/a

-US$42m

Dec 31 2020US$5mUS$750k

-US$41m

Sep 30 2020n/an/a

US$29m

Jun 30 2020n/an/a

US$26m

Mar 31 2020n/an/a

US$32m

Dec 31 2019US$4mUS$650k

-US$6m

Sep 30 2019n/an/a

-US$27m

Jun 30 2019n/an/a

-US$18m

Mar 31 2019n/an/a

-US$7m

Dec 31 2018US$4mUS$650k

US$627k

Sep 30 2018n/an/a

US$3m

Jun 30 2018n/an/a

US$7m

Mar 31 2018n/an/a

US$10m

Dec 31 2017US$7mUS$650k

-US$4m

Compensation vs Market: Paul's total compensation ($USD5.28M) is about average for companies of similar size in the US market ($USD5.10M).

Compensation vs Earnings: Paul's compensation has increased whilst the company is unprofitable.


CEO

Paul McDermott (61 yo)

10.4yrs

Tenure

US$5,279,117

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

NamePositionTenureCompensationOwnership
Paul McDermott
Chairman of Board10.4yrsUS$5.28m0.70%
$ 8.5m
Susan Gerock
Senior VP of Information Technology & Chief Information Officer7.9yrsUS$972.05k0.066%
$ 800.1k
Steven Freishtat
Executive VP & CFOless than a yearno data0.049%
$ 596.6k
Tiffany Butcher
Executive VP & COOless than a yearno data0.047%
$ 573.6k
Daniel Chappell
Vice President of Investmentsno datano datano data
A. Montgomery
Vice President of Researchno datano datano data
Wade Hammond
Senior VPless than a yearno data0.054%
$ 653.6k
Amy Hopkins
Vice President of Investor Relations4.7yrsno datano data
Ian Kessler
Vice President of Human Resources2yrsno datano data
Stephen Burch
Controller6.2yrsno datano data

3.3yrs

Average Tenure

48yo

Average Age

Experienced Management: ELME's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Paul McDermott
Chairman of Board10.4yrsUS$5.28m0.70%
$ 8.5m
Thomas Nolan
Independent Trustee9.2yrsUS$179.99k0.0022%
$ 27.3k
Jennifer Banner
Independent Trustee1.8yrsUS$92.28k0%
$ 0
Benjamin Butcher
Lead Independent Trustee9.7yrsUS$169.99k0%
$ 0
Ellen Goitia
Independent Trustee6.8yrsUS$182.49k0.037%
$ 448.5k
Anthony Winns
Independent Trustee12.7yrsUS$176.49k0%
$ 0
Susan Carras
Independent Directorless than a yearno data0.0018%
$ 21.8k

9.2yrs

Average Tenure

65yo

Average Age

Experienced Board: ELME's board of directors are considered experienced (9.2 years average tenure).


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