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ELME
Upturn stock ratingUpturn stock rating

Elme Communities (ELME)

Upturn stock ratingUpturn stock rating
$15.9
Last Close (24-hour delay)
Profit since last BUY-3.23%
upturn advisory
WEAK BUY
BUY since 14 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
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Upturn Advisory Summary

06/30/2025: ELME (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

5 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $18.67

1 Year Target Price $18.67

Analysts Price Target For last 52 week
$18.67Target price
Low$13.8
Current$15.9
high$17.7

Analysis of Past Performance

Type Stock
Historic Profit -12.63%
Avg. Invested days 42
Today’s Advisory WEAK BUY
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.41B USD
Price to earnings Ratio -
1Y Target Price 18.67
Price to earnings Ratio -
1Y Target Price 18.67
Volume (30-day avg) 5
Beta 1
52 Weeks Range 13.80 - 17.70
Updated Date 06/29/2025
52 Weeks Range 13.80 - 17.70
Updated Date 06/29/2025
Dividends yield (FY) 4.49%
Basic EPS (TTM) -0.16

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -5.79%
Operating Margin (TTM) 7.78%

Management Effectiveness

Return on Assets (TTM) 0.8%
Return on Equity (TTM) -1.29%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 2112729858
Price to Sales(TTM) 5.8
Enterprise Value 2112729858
Price to Sales(TTM) 5.8
Enterprise Value to Revenue 8.66
Enterprise Value to EBITDA 17.92
Shares Outstanding 88158704
Shares Floating 87153648
Shares Outstanding 88158704
Shares Floating 87153648
Percent Insiders 1.37
Percent Institutions 93.13

Analyst Ratings

Rating 3
Target Price 18.67
Buy -
Strong Buy 1
Buy -
Strong Buy 1
Hold 4
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Elme Communities

stock logo

Company Overview

overview logo History and Background

Elme Communities, formerly known as Washington Real Estate Investment Trust (WRIT), was founded in 1960. Initially focused on office properties, WRIT transitioned to multifamily assets, completing its transformation and rebranding to Elme Communities in 2022. It has expanded its portfolio through strategic acquisitions and developments.

business area logo Core Business Areas

  • Multifamily Properties: Owns, operates, acquires, and develops multifamily communities primarily in the Washington, D.C. metropolitan area and the Sunbelt region.

leadership logo Leadership and Structure

Paul McDermott serves as the Chief Executive Officer. The company operates as a real estate investment trust (REIT) with a board of trustees overseeing the management team.

Top Products and Market Share

overview logo Key Offerings

  • Apartment Rentals: Offers apartment rentals in various communities across its target markets. Market share varies by submarket but is a significant player in the DC metro area. Competitors include AvalonBay Communities (AVB) and Equity Residential (EQR).

Market Dynamics

industry overview logo Industry Overview

The multifamily real estate market is driven by demographics, job growth, and interest rates. It experiences cyclical trends influenced by economic conditions and new supply.

Positioning

Elme Communities focuses on value-add and repositioning strategies to improve existing properties and increase net operating income. It differentiates itself through strategic location and property upgrades.

Total Addressable Market (TAM)

The TAM for multifamily housing in Elme Communities' target markets is estimated to be in the hundreds of billions of dollars. ELME's position is strong in the DC metro market, with growing presence in Sunbelt markets offering significant growth potential.

Upturn SWOT Analysis

Strengths

  • Strong presence in the Washington, D.C. metropolitan area
  • Value-add and repositioning expertise
  • Experienced management team
  • Access to capital markets

Weaknesses

  • Concentration in specific geographic markets
  • Sensitivity to interest rate fluctuations
  • Reliance on property management efficiency
  • Exposure to economic downturns in its target markets

Opportunities

  • Expansion into new high-growth markets
  • Increased demand for rental housing
  • Acquisition of undervalued properties
  • Implementation of smart home technologies

Threats

  • Rising interest rates
  • Increased competition from new developments
  • Economic recession
  • Changes in government regulations

Competitors and Market Share

competitor logo Key Competitors

  • AvalonBay Communities (AVB)
  • Equity Residential (EQR)
  • UDR Inc. (UDR)

Competitive Landscape

Elme Communities competes primarily on location, quality of amenities, and rental rates. Its value-add strategy aims to provide upgraded properties at competitive prices. AVB and EQR have larger portfolios and broader geographic diversification.

Major Acquisitions

Landmark Portfolio

  • Year: 2021
  • Acquisition Price (USD millions): 456
  • Strategic Rationale: Expanded presence in high-growth submarkets within the DC metro area.

Growth Trajectory and Initiatives

Historical Growth: Requires analysis of historical revenue and earnings growth.

Future Projections: Analyst estimates can be sourced from financial news providers.

Recent Initiatives: Recent initiatives can be found in ELME's investor relations press releases.

Summary

Elme Communities is a multifamily REIT with a strong presence in the DC metro area, pursuing a value-add strategy. Its concentration in specific markets and sensitivity to interest rate changes pose risks. Opportunities exist through expansion into new markets and leveraging technology, while competition and economic downturns are key threats.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company SEC Filings (10-K, 10-Q)
  • Company Investor Relations Materials
  • Industry Reports (e.g., CBRE, JLL)
  • Financial News Providers (e.g., Bloomberg, Reuters)
  • Analyst Reports

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market share data is approximate and based on available industry reports and company filings. Actual market shares may vary. Past performance is not indicative of future results. Please consult with a qualified financial advisor before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 255

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. Focused on providing quality, affordable homes to a deep, solid, and underserved base of mid-market demand, Elme Communities is building long-term value for shareholders.