Elme Communities

Elme Communities engages in the ownership and operation of income-producing real estate properties. It operates through the following segments: Office and Multifamily. The Office segment provides office space for various types of businesses and professions. The Multifamily segment provides rental housing for individuals and families throughout the Washington metro region. The company was founded by Arthur A. Birney and Benjamin H. Dorsey in 1960 and is headquartered in Washington, DC.

Earnings data Q1 2024

ELME reports strong Q1 results, anticipates double-digit FFO growth

ELME's Q1 performance showcased strong operational and financial metrics, with a focus on smart home technology investment, expense efficiencies, and occupancy initiatives. The company's readiness to address questions and provide insights on various aspects of its operations reflects a proactive and transparent approach to investor communication.

ELME reports strong Q2 performance but lowers core FFO guidance

ELME's Q2 performance showcased strong multifamily NOI and core FFO growth, along with successful community-level operations transition. However, challenges in new lease rate growth and rebranding impact led to reduced guidance. Despite this, the company remains optimistic about renovation opportunities and favorable demand dynamics.

ELME reports strong Q3 performance with Atlanta acquisition driving growth

ELME's Q3 2023 earnings call showcased strong operational and financial performance, driven by the strategic acquisition of an Atlanta apartment complex and robust same-store multifamily NOI growth. While the company faces challenges related to market trends and funding plans, it also has significant opportunities for further growth and value creation. Overall, ELME's performance and strategic initiatives position it well for future success.

ELME reports robust Q4 performance, eyes growth amid market challenges

ELME's Q4 earnings call highlighted strong financial performance, credit quality initiatives, and growth strategies amidst challenges in occupancy trends and bad debt improvements. The company's focus on market depth, operational enhancements, and leveraging current assets positions it well for future growth.

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Elme Communities engages in the ownership and operation of apartment communities. It operates through the following segments: Residential and Other. The company was founded by Arthur A. Birney and Benjamin H. Dorsey in 1960 and is headquartered in Bethesda, MD.

BETHESDA, Md., March 26, 2024 (GLOBE NEWSWIRE) -- Elme Communities (“Elme”) (NYSE:ELME), a value-oriented multifamily owner and operator, will release first quarter earnings results after market close on Wednesday, May 1, 2024. A conference call to discuss these results will be conducted on Thursday, May 2, 2024, at 9:00 am ET. There will also be a live, listen-only webcast presentation. Conference call and webcast access information is as follows:

Elme Communities to Release First Quarter 2024 Results on Wednesday, May 1st

Elme Communities (ELME) Q4 2023 Earnings Call Transcript

Elme (ELME) came out with quarterly funds from operations (FFO) of $0.24 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to FFO of $0.24 per share a year ago.

Elme (ELME) Q4 FFO and Revenues Miss Estimates

BETHESDA, Md., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter and year ended December 31, 2023:

Elme Communities Announces Fourth Quarter and Full Year 2023 Results

BETHESDA, Md., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Elme Communities (NYSE:ELME) announced the income tax treatment of its 2023 dividend distributions. This information represents final income allocations. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Elme Communities dividend distributions. Beginning in 2018, Ordinary Taxable Income Per Share is equal to the 199A dividend that was created by the 2017 Tax Cuts and Jobs Act.

Elme Communities Announces Income Tax Treatment of its 2023 Dividend Distribution

BETHESDA, Md., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Elme Communities (“Elme”) (NYSE:ELME), a value-oriented multifamily owner and operator, will release fourth quarter earnings results after market close on Thursday, February 15, 2024. A conference call to discuss these results will be conducted on Friday, February 16, 2024, at 10:00 am ET. There will also be a live, listen-only webcast presentation. Conference call and webcast access information is as follows:

Elme Communities to Release Fourth Quarter 2023 Results on Thursday, February 15th

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Apartment REITs were among the weakest-performing property sectors for a second-straight year in 2023 - lagging even the battered office sector - despite delivering another year of mid-single-digit earnings growth. Following two years of record-setting rent growth, residential rents decelerated in 2023 alongside a broader cooling of inflationary pressures, with multifamily rents seeing a particularly sharp cooldown amid supply headwinds. The wave of pandemic-era development - started at a time when rents were rising double-digits - resulted in a record year of new deliveries in 2023 with similarly elevated supply levels.

Apartment REITs: A Renter's Market

Multifamily REIT, Elme Communities, reported generally positive quarterly results with reaffirmed full-year guidance. ELME also updated investors on a large community acquisition in their fast-growing Atlanta market. While the acquisition increased overall leverage, ELME's debt profile still allows for greater financial flexibility than its peers.

Elme Communities: Positive Developments, Neutral View On Shares

Elme Communities (NYSE:ELME ) Q3 2023 Results Conference Call October 27, 2023 10:00 AM ET Company Participants Amy Hopkins - Vice President Investor Relations Paul McDermott - Chairman of Board, President and CEO Tiffany Butcher - Executive VP and COO Steven Freishtat - Executive VP and CFO Grant Montgomery - Vice President of Research Conference Call Participants Jamie Feldman - Wells Fargo Alan Peterson - Green Street Operator Hello, and welcome to the Elme Communities Third Quarter 2023 Earnings Conference Call. As a reminder, today's call is being recorded.

Elme Communities (ELME) Q3 2023 Earnings Call Transcript

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

Elme (ELME) Meets Q3 FFO Estimates

BETHESDA, Md., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with communities in the Washington DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter ended September 30, 2023:

Elme Communities Announces Third Quarter 2023 Results

BETHESDA, Md., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Elme Communities (“Elme”) (NYSE:ELME), a value-oriented multifamily owner and operator, will release third quarter earnings results after market close on Thursday, October 26, 2023. A conference call to discuss these results will be conducted on Friday, October 27, 2023, at 10:00 am ET. There will also be a live, listen-only webcast presentation. Conference call and webcast access information is as follows:

Elme Communities to Release Third Quarter 2023 Results on Thursday, October 26th

WASHINGTON, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Elme Communities (NYSE: ELME), a value-oriented multifamily owner and operator, announced today the appointment of Susan Carras as an independent director to the Board of Trustees. Her appointment expands the company's Board to seven members and increases female representation among independent trustees to 50%.

Elme Communities Welcomes New Board Member, Susan Carras

Multifamily operator, ELME Communities, continues to generate strong property-level growth rates. Their portfolio is also running on stable occupancy rates, with retention well-above historical averages. The company has executed on their transformation efforts, though not entirely without hitch.

ELME Communities: Executing On Transformation Efforts, Shares Fairly Valued

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Most REIT investors prioritize high dividends, while I focus on growth and healthy companies. This article identifies 17 REITs expected to have double-digit FFO per share growth this year or next, and to grow FFO at a 2-year CAGR of 7.5% or better. This article then evaluates the balance sheet strength of those 17, to winnow the list down to 12.

12 Sturdy REITs Expected To Grow Revenues By Double Digits

Elme Communities (NYSE:ELME ) Q2 2023 Results Conference Call August 1, 2023 10:00 AM ET Company Participants Paul McDermott - CEO Amy Hopkins - VP, IR Steve Freishtat - CFO Grant Montgomery - VP and Head, Research Conference Call Participants Jamie Feldman - Wells Fargo Alan Peterson - Green Street Tony Paolone - JPMorgan Michael Gorman - BTIG Operator Welcome to the Elme Communities Second Quarter 2023 Earnings Conference Call. As a reminder, today's call is being recorded.

Elme Communities (ELME) Q2 2023 Earnings Call Transcript

Elme (ELME) came out with quarterly funds from operations (FFO) of $0.24 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.21 per share a year ago.

Elme (ELME) Meets Q2 FFO Estimates

WASHINGTON, July 31, 2023 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with communities in the Washington DC metro area and the Sunbelt, reported financial and operating results today for the quarter ended June 30, 2023:

Elme Communities Announces Second Quarter 2023 Results

Multifamily REITs Are Getting Opportunistic On Lower Valuation

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Who would be a landlord? The costs are high, the risks are huge, and the so-called “passive income” is uncertain.

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COO to initially focus on advancing operational initiatives to maximize NOI COO to initially focus on advancing operational initiatives to maximize NOI

Elme Communities Appoints Chief Operating Officer

WASHINGTON, June 26, 2023 (GLOBE NEWSWIRE) -- Elme Communities (“Elme”) (NYSE:ELME), a value-oriented multifamily owner and operator, will release second quarter earnings results after market close on Monday, July 31, 2023. A conference call to discuss these results will be conducted on Tuesday, August 1, 2023, at 10:00 am ET. There will also be a live, listen-only webcast presentation. Conference call and webcast access information is as follows:

Elme Communities to Release Second Quarter 2023 Results on Monday, July 31st

Elme Communities' affordable multifamily rental units are a draw to renters. But the trading multiple of their shares is less so for investors. A lower debt burden, a presence in more supply-restrictive operating regions, and solid core FFO growth provide some justification to the premium. Their growth initiatives, however, may not provide the return levels they are expecting.

Elme Communities: Investing In Smart Technologies To Grow FFO

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News for Elme Communities Stock (ELME)