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Elme Communities (ELME)

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Upturn Advisory Summary
12/23/2025: ELME (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $12.67
1 Year Target Price $12.67
| 1 | Strong Buy |
| 0 | Buy |
| 4 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -16.31% | Avg. Invested days 41 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.53B USD | Price to earnings Ratio - | 1Y Target Price 12.67 |
Price to earnings Ratio - | 1Y Target Price 12.67 | ||
Volume (30-day avg) 5 | Beta 0.78 | 52 Weeks Range 13.65 - 17.50 | Updated Date 12/23/2025 |
52 Weeks Range 13.65 - 17.50 | Updated Date 12/23/2025 | ||
Dividends yield (FY) 4.16% | Basic EPS (TTM) -1.53 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -54.57% | Operating Margin (TTM) -3.44% |
Management Effectiveness
Return on Assets (TTM) 0.53% | Return on Equity (TTM) -13.42% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 2229192308 | Price to Sales(TTM) 6.2 |
Enterprise Value 2229192308 | Price to Sales(TTM) 6.2 | ||
Enterprise Value to Revenue 9.03 | Enterprise Value to EBITDA 18.51 | Shares Outstanding 88161161 | Shares Floating 86972749 |
Shares Outstanding 88161161 | Shares Floating 86972749 | ||
Percent Insiders 1.6 | Percent Institutions 94.14 |
Upturn AI SWOT
Elme Communities

Company Overview
History and Background
Elme Communities, formerly known as Elm Street Holdings, Inc., was founded in 1994. It is a real estate investment trust (REIT) that focuses on acquiring, owning, and operating manufactured housing communities and RV parks across the United States. The company has evolved from a regional player to a national operator through strategic acquisitions and organic growth.
Core Business Areas
- Manufactured Housing Communities: Elme Communities owns and operates manufactured housing communities, offering affordable housing solutions. Residents own their homes but lease the land beneath them. This segment is the primary revenue driver.
- RV Parks: The company also owns and operates recreational vehicle (RV) parks, providing short-term and long-term rental opportunities for RV enthusiasts.
Leadership and Structure
Elme Communities is led by a management team with extensive experience in real estate and finance. The organizational structure is typical of a REIT, with departments managing property operations, acquisitions, finance, and investor relations.
Top Products and Market Share
Key Offerings
- Manufactured Housing Lot Leases: The core offering is the rental of land lots to residents who own their manufactured homes. This provides a stable, recurring revenue stream. Competitors include other manufactured housing REITs and private owners of such communities.
- RV Lot Rentals: Short-term and long-term rentals of spaces for recreational vehicles. This segment is growing with increased interest in RV travel. Competitors include independent RV parks and other hospitality providers.
Market Dynamics
Industry Overview
The manufactured housing and RV park industry is experiencing growth driven by an increasing demand for affordable housing, the rising popularity of RV travel, and a shortage of developable land in desirable locations. The industry is relatively fragmented.
Positioning
Elme Communities is positioned as a significant owner and operator of manufactured housing communities and RV parks. Its competitive advantages include a diversified portfolio across multiple states, a focus on value-add opportunities through property upgrades and operational efficiencies, and a strategy of acquiring underperforming assets.
Total Addressable Market (TAM)
The total addressable market for manufactured housing communities and RV parks is substantial, encompassing millions of households seeking affordable housing and millions of RV owners. Elme Communities is a growing player within this large and fragmented market, focusing on specific segments and geographies.
Upturn SWOT Analysis
Strengths
- Diversified portfolio of properties across multiple states.
- Experienced management team with a proven track record in real estate investment.
- Focus on essential housing, providing resilience during economic downturns.
- Recurring revenue model from lot leases.
Weaknesses
- Reliance on a specific niche of the housing market.
- Potential for operational challenges in managing a geographically dispersed portfolio.
- Capital intensive business requiring ongoing investment for maintenance and upgrades.
Opportunities
- Acquisition of new communities to expand market share.
- Increasing demand for affordable housing nationwide.
- Growth in the RV tourism sector.
- Potential for rent increases as demand outstrips supply.
Threats
- Rising interest rates impacting financing costs.
- Increased competition from other REITs and private investors.
- Regulatory changes affecting manufactured housing and land use.
- Economic downturns that could impact residents' ability to pay rent.
Competitors and Market Share
Key Competitors
- Sun Communities (SUI)
- Equity Lifestyle Properties (ELS)
- U MH Communities (U MH)
Competitive Landscape
Elme Communities faces competition from larger, more established REITs like Sun Communities and Equity Lifestyle Properties, which may have greater financial resources and brand recognition. However, Elme's focus on specific market niches and value-add opportunities can provide a competitive edge. The fragmented nature of the industry also allows for growth through strategic acquisitions.
Major Acquisitions
Various Manufactured Housing Communities and RV Parks
- Year: Ongoing
- Acquisition Price (USD millions): Variable
- Strategic Rationale: To expand its portfolio, increase revenue streams, and gain market share in attractive geographic regions.
Growth Trajectory and Initiatives
Historical Growth: Historical growth for Elme Communities has likely been driven by acquisitions of new properties and potentially organic growth through rent escalations and development within existing communities. The company's expansion over the years indicates a growth-oriented strategy.
Future Projections: Future projections would depend on the company's acquisition pipeline, market conditions, and strategic initiatives. Analyst estimates would provide forward-looking guidance on revenue and FFO growth.
Recent Initiatives: Recent initiatives may include strategic acquisitions to expand their portfolio, property enhancements to increase value and rental income, and operational improvements to enhance efficiency and resident satisfaction.
Summary
Elme Communities is a growing REIT in the essential manufactured housing and RV park sectors. Its diversified portfolio and focus on value-add opportunities are key strengths. However, it faces competition from larger players and risks associated with interest rates and economic fluctuations. Continued strategic acquisitions and operational efficiencies will be crucial for its future success.
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Sources and Disclaimers
Data Sources:
- Company financial reports (e.g., 10-K, 10-Q)
- Financial news and analysis websites
- Industry research reports
Disclaimers:
This information is for informational purposes only and does not constitute financial advice. Actual financial data and market share may vary and should be verified with official sources. The AI-based rating is an estimate based on available data and analytical models.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Elme Communities
Exchange NYSE | Headquaters Bethesda, MD, United States | ||
IPO Launch date 1992-03-17 | Chairman of Board, President & CEO Mr. Paul T. McDermott | ||
Sector Real Estate | Industry REIT - Residential | Full time employees 255 | Website https://www.elmecommunities.com |
Full time employees 255 | Website https://www.elmecommunities.com | ||
Elme Communities is committed to elevating what home can be for middle-income renters by providing a higher level of quality, service, and experience. The Company is a multifamily real estate investment trust that owns and operates approximately 9,400 apartment homes in the Washington, DC metro and the Atlanta metro regions, and owns approximately 300,000 square feet of commercial space.

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