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 2021

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Elme Communities reports strong Q4 performance and eyes market expansion

Elme Communities (ELME) delivered a robust performance in Q4 2022, projecting double-digit growth for 2023 and enhancing shareholder value with a dividend increase. The company's portfolio resilience, efficient financial management, and strategic outlook on market expansion highlight its competitive position. While facing challenges related to market dynamics and affordability concerns, Elme's proactive approach to opportunities sets the stage for continued success.

Elme Communities posts strong Q1 results, tightens 2023 guidance

Elme Communities (ELME) delivered a robust performance in Q1 2023, showcasing strong financial metrics and operational improvements. The company's revised guidance reflects confidence in sustained growth and a commitment to enhancing shareholder value through strategic initiatives.

Elme Communities reports robust Q2 results and eyes growth opportunities

Elme Communities (ELME) showcased strong operational performance and revenue growth in Q2.
While facing challenges in guidance revisions, the company remains optimistic about growth prospects.
Strategic management of operations and renovations positions Elme well for future value creation.

Elme Communities acquires Atlanta complex, reports strong Q3 performance

Elme Communities' Q3 earnings call highlighted a successful acquisition, operational excellence, and a clear growth strategy. Despite challenges in market dynamics and occupancy issues, the company's strong financial position and focus on value creation present promising opportunities for future expansion and value creation.

Elme Communities reports solid Q4 performance, addresses market challenges

Elme Communities' Q4 earnings call highlighted strong performance, strategic focus on key markets, challenges in occupancy and concessions, and opportunities for growth through diversification and operational enhancements. The company is addressing bad debt issues, improving credit screening policies, and remains optimistic about future market conditions and potential real estate transactions.

Elme Communities reports strong Q1 performance amidst Atlanta challenges

Elme Communities showcased strong performance in lease rate growth, resident retention, and credit metrics. Challenges in Atlanta were addressed, with a focus on improving bad debt trends. Opportunities for growth include addressing bad debt trends, driving rent growth, and exploring potential asset sales.

Elme Communities (ELME) excels in Washington Metro and Atlanta markets

Elme Communities (ELME) showcased robust performance in key markets, with a focus on operational excellence and strategic growth initiatives. Analyst inquiries highlighted areas for improvement and strategic decision-making. The company is well-positioned to capitalize on market opportunities and drive sustainable growth.

Elme Communities reports strong Q3 performance and outlines growth strategies

Elme Communities showcased strong performance in key regions, addressing challenges in Atlanta while emphasizing growth opportunities. The company's strategic initiatives and focus on operational trends position it well for future expansion and financial stability.

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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., 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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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

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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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Left for dead in late 2022 on expectations of a "hard landing" across rental markets, Apartment REITs are the third-best-performing property sector this year, lifted by surprisingly buoyant property-level fundamentals. Recent industry data has shown a reacceleration in rental rate and occupancy trends since bottoming in January, with rent growth appearing to stabilize in its typical "inflation-plus" range between 4-5%. This "inflation-plus" level of rent growth was the norm in the pre-pandemic era as housing demand outpaced new home development. Housing is back to being the primary driver of inflation.

Apartment REITs: Rents Are Rising, Again

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Investors have good reason to be concerned about the real-estate market. It has been obvious for decades that the U.S. has too many retail properties, and now, changing work habits promise to put downward pressure on office lease prices for years to come.

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The Zacks Equity REIT - Residential industry constituents are poised to benefit from the healthy demand amid the high cost of homeownership and a focus on technology, aiding Independence Realty Trust (IRT), Elme Communities (ELME) and BRT Apartments Corp. (BRT).

3 Residential REITs Set to Gain From Upbeat Industry Fundamentals

Elme (ELME) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Down -8.17% in 4 Weeks, Here's Why You Should You Buy the Dip in Elme (ELME)

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Top 3 Real Estate Stocks That Could Blast Off In June - Comstock Holding Co (NASDAQ:CHCI), Elme Communities (NYSE:ELME)

Elme (ELME) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -7.87% in 4 Weeks, Here's Why You Should You Buy the Dip in Elme (ELME)

The heavy selling pressure might have exhausted for Elme (ELME) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Elme (ELME) Loses -11.79% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Elme (ELME) Loses -11.91% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

WASHINGTON, May 24, 2023 (GLOBE NEWSWIRE) -- Elme Communities (“Elme” or the “Company”) (NYSE: ELME), a value-driven multifamily owner and operator, announced the publication of its 2023 ESG Report. The report, which summarizes the Company's ESG initiatives, programs, and achievements in 2022 and into 2023, can be found on the ESG page of the Company's website at www.elmecommunities.com.

Elme Communities Issues 2023 ESG Report

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News for Elme Communities Stock (ELME)