ELME

Elme Communities

ELME

Market cap $1.48B

Overview Fund Activity

16.75 USD

-0.23

1.35%

At close Updated Sep 17, 4:00 PM EDT

Pre-market

After hours

16.75

0.00

0%

1 day

-1.35%

5 days

-0.95%

1 month

0%

3 months

4.95%

6 months

-4.01%

Year to date

11.07%

1 year

-7.66%

5 years

-21.55%

10 years

-33.21%

About: Elme Communities is a real estate investment trust engaged in owning and operating properties in the greater Washington DC metropolitan area. The company's real estate portfolio is comprised of office, retail, and multifamily properties located near transportation nodes. Washington REIT derives nearly all of its income in the form of rental revenue from tenants organized into long-term leases. The company's office assets contribute the majority of this income, while the rest is split fairly evenly between its retail and multifamily locations. Washington REIT's tenants are banking, consulting, law, and financial services firms.

Employees: 243

Real Estate Residential REIT

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]

18% more repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 82

14% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 28

1.52% more ownership

Funds ownership: 90.26% [Q1] → 91.77% (+1.52%) [Q2]

0% more funds holding

Funds holding: 258 [Q1] → 258 (+0) [Q2]

18% less call options, than puts

Call options by funds: $1.3M | Put options by funds: $1.58M

25% less capital invested

Capital invested by funds: $1.73B [Q1] → $1.29B (-$440M) [Q2]

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Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$2

88% downside

Avg. target

$10

40% downside

High target

$18

7% upside

2 analyst ratings

0 positive

0%

2 neutral

100%

0 negative

0%

Truist Securities Michael Lewis	$2	Hold Downgraded	11 Sep 2025
Wells Fargo Cooper Clark	$18	Equal-Weight Maintained	5 Aug 2025

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Financial journalist opinion

Disinflation Dividend: REIT Earnings Scorecard

A surprising solid REIT earnings season wrapped up this week. Of the 100 equity REITs that provide full-year FFO guidance, 62% raised their outlook - above the historical 55% average. Disinflation was a surprisingly common thread across second-quarter results, with the majority of the upside revisions being driven by improved expense expectations - the highest quantity of expense reductions ever. Healthcare REITs were notable upside standouts as senior housing fundamentals remained stellar, while skilled nursing REITs received some good news on the policy front via healthy CMS Medicare rate increases.

Disinflation Dividend: REIT Earnings Scorecard

Elme Communities (ELME) Q2 2025 Earnings Call Transcript

Elme Communities (NYSE:ELME ) Q2 2025 Earnings Conference Call August 6, 2025 10:00 AM ET Company Participants Amy Hopkins - Vice President of Investor Relations Paul T. McDermott - Chairman of Board, President & CEO Steven M.

Elme Communities (ELME) Q2 2025 Earnings Call Transcript

The Motley Fool

Elme (ELME) Q2 Core FFO Rises 4%

Elme (ELME) Q2 Core FFO Rises 4%

Elme (ELME) Q2 Core FFO Rises 4%

Zacks Investment Research

Elme (ELME) Q2 FFO and Revenues Beat Estimates

Elme (ELME) came out with quarterly funds from operations (FFO) of $0.24 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to FFO of $0.23 per share a year ago.

Elme (ELME) Q2 FFO and Revenues Beat Estimates

Elme Communities Announces Second Quarter 2025 Results

BETHESDA, Md., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the “Company” or “Elme”) (NYSE: ELME), a multifamily REIT, reported financial and operating results today for the quarter ended June 30, 2025: Financial Results Three months ended June 30, 2025 2024 Net loss per diluted share $ (0.04 ) $ (0.04 ) Core FFO per diluted share 0.24 0.23 Operational Highlights Same-store multifamily NOI increased by 4.5% compared to the prior year quarter Same-store Average Effective Monthly Rent Per Home increased 1.4% compared to the prior year quarter Effective blended Lease Rate Growth was 1.3% for our Same-Store Portfolio during the quarter, comprised of effective new Lease Rate Growth of (3.3)% and effective renewal Lease Rate Growth of 4.9% Retention was 62% during the quarter, in line with expectations Same-store multifamily Average Occupancy was 94.7% during the quarter, up 0.2% compared to the prior year quarter Balance Sheet Available liquidity was $330 million as of June 30, 2025, consisting of availability under the Company's revolving credit facility and cash on hand Annualized second quarter Net Debt to Adjusted EBITDA ratio was 5.6x The Company has a strong balance sheet with only $125 million of debt maturing before 2028 and no secured debt Strategic Review Update On August 4, 2025, Elme announced that it had entered into a Purchase and Sale Agreement with Cortland Partners, dated August 1, 2025 (the “Purchase Agreement”), providing for the sale of 19 multifamily communities for approximately $1.6 billion.

Elme Communities Announces Second Quarter 2025 Results

Elme Communities Concludes Strategic Alternatives Review Process; Executes Agreement to Sell 19 Properties to Cortland, Remaining Assets to be Marketed for Sale

Elme to Seek Shareholder Approval for Cortland Portfolio Transaction and Plan of Sale and Liquidation Intends to Make Total Upfront Distributions to Shareholders of Approximately $14.68 to $15.00 per Share assuming the Consummation of the Cortland Portfolio Transaction Company's Current Estimate of Additional Liquidating Distributions to Shareholders is Approximately $2.90 to $3.50 per Share in the Aggregate BETHESDA, Md., Aug. 04, 2025 (GLOBE NEWSWIRE) -- Elme Communities (“Elme” or the “Company”) (NYSE: ELME), a value-oriented multifamily owner and operator, today announced that its Board of Trustees has completed its previously announced formal evaluation of strategic alternatives to maximize shareholder value.

Elme Communities Concludes Strategic Alternatives Review Process; Executes Agreement to Sell 19 Properties to Cortland, Remaining Assets to be Marketed for Sale

Elme Communities to Release Second Quarter 2025 Results on Tuesday, August 5th

BETHESDA, Md., July 10, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the “Company” or “Elme”) (NYSE:ELME), a value-oriented multifamily owner and operator, will release second quarter earnings results after market close on Tuesday, August 5, 2025. A conference call to discuss these results will be conducted on Wednesday, August 6, 2025, at 10:00 am ET. Conference call and webcast access information is as follows:

Elme Communities to Release Second Quarter 2025 Results on Tuesday, August 5th

Zacks Investment Research

3 Residential REITs Set to Gain From Strong Sector Fundamentals

Despite macroeconomic uncertainty, healthy rental demand amid favorable demographics and high homeownership costs poise Residential REITs like VRE, ELME and NXRT well for growth.

3 Residential REITs Set to Gain From Strong Sector Fundamentals

Fed Ditches 'Data Dependent'

U.S. equity markets posted a second-straight week of declines after the U.S. Federal Reserve indicated that it remains in "no rush" to ease its "modestly restrictive" policy stance. Raising questions on whether the Fed can continue to claim itself "data dependent," Fed Chair Powell dismissed recent economic data while doubling-down on forecasts of "meaningful" tariff-driven inflation. Benchmark interest rates ticked lower this week as traders digested the Federal Reserve's rate decision alongside a generally downbeat slate of economic data and heightened geopolitical uncertainty.

Fed Ditches 'Data Dependent'

Elme Communities (ELME) Q1 2025 Earnings Call Transcript

Elme Communities (NYSE:ELME ) Q1 2025 Earnings Conference Call May 2, 2025 10:00 AM ET Company Participants Amy Hopkins - VP, IR Paul McDermott - CEO Tiffany Butcher - COO Steve Freishtat - CFO Conference Call Participants Cooper Clark - Wells Fargo Operator Good day, and welcome to the Elme Communities' First Quarter 2025 Earnings Conference Call. As a reminder, today's call is being recorded.

Elme Communities (ELME) Q1 2025 Earnings Call Transcript

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