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ELME
Upturn stock ratingUpturn stock rating

Elme Communities (ELME)

Upturn stock ratingUpturn stock rating
$16.58
Last Close (24-hour delay)
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PASS
  • 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
  • ALL
  • YEAR
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  • WEEK

Upturn Advisory Summary

08/14/2025: ELME (1-star) is currently NOT-A-BUY. Pass it for now.

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

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $18.33

1 Year Target Price $18.33

Analysts Price Target For last 52 week
$18.33 Target price
52w Low $13.8
Current$16.58
52w High $17.7

Analysis of Past Performance

Type Stock
Historic Profit -15.71%
Avg. Invested days 45
Today’s Advisory PASS
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 08/14/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.46B USD
Price to earnings Ratio -
1Y Target Price 18.33
Price to earnings Ratio -
1Y Target Price 18.33
Volume (30-day avg) 5
Beta 0.99
52 Weeks Range 13.80 - 17.70
Updated Date 08/15/2025
52 Weeks Range 13.80 - 17.70
Updated Date 08/15/2025
Dividends yield (FY) 4.33%
Basic EPS (TTM) -0.17

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2025-08-05
When -
Estimate -0.04
Actual -0.04

Profitability

Profit Margin -5.79%
Operating Margin (TTM) 9.55%

Management Effectiveness

Return on Assets (TTM) 0.81%
Return on Equity (TTM) -1.31%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 2155120474
Price to Sales(TTM) 5.94
Enterprise Value 2155120474
Price to Sales(TTM) 5.94
Enterprise Value to Revenue 8.76
Enterprise Value to EBITDA 18.33
Shares Outstanding 88161104
Shares Floating 87156030
Shares Outstanding 88161104
Shares Floating 87156030
Percent Insiders 1.38
Percent Institutions 93.78

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), has a history dating back to its founding in 1960. Initially focused on a diversified portfolio of commercial and residential properties, it strategically shifted its focus towards multifamily residential assets, particularly in the Sunbelt region, leading to the rebranding as Elme Communities in recent years.

business area logo Core Business Areas

  • Multifamily Residential: Acquisition, ownership, management, and development of multifamily apartment communities. Focus on Sunbelt markets.

leadership logo Leadership and Structure

Key executives include Paul McDermott (CEO). The organizational structure comprises various departments overseeing asset management, property operations, finance, and development, reporting to the CEO and board of trustees.

Top Products and Market Share

overview logo Key Offerings

  • Apartment Rentals: Offering a range of apartment homes across various Sunbelt markets. Market share data is difficult to pinpoint exactly due to fragmentation; revenue is tied to overall apartment occupancy. Competitors include Camden Property Trust (CPT), Mid-America Apartment Communities (MAA), and UDR (UDR).

Market Dynamics

industry overview logo Industry Overview

The multifamily residential market is influenced by demographic trends, economic conditions, and interest rates. The Sunbelt region has experienced strong growth in recent years due to population migration and job creation.

Positioning

Elme Communities is positioned as a Sunbelt-focused multifamily REIT. Competitive advantages include strategic geographic focus and potential for value creation through property upgrades and management improvements.

Total Addressable Market (TAM)

The U.S. multifamily housing market is estimated to be in the trillions of dollars. Elme Communities is positioned to capture a share of this TAM, particularly in its target Sunbelt markets. Specific TAM data for Elme Communities is tied to their regions' multifamily rental property market value which can fluctuate yearly.

Upturn SWOT Analysis

Strengths

  • Sunbelt Focus
  • Experienced Management Team
  • Potential for Value Creation
  • Strong Financial Position

Weaknesses

  • Geographic Concentration (Sunbelt)
  • Sensitivity to Interest Rate Hikes
  • Reliance on Rental Income
  • Limited Diversification

Opportunities

  • Acquisitions of Underperforming Assets
  • Development of New Communities
  • Expansion into New Sunbelt Markets
  • Implementation of Technology to Improve Efficiency

Threats

  • Economic Downturn
  • Increased Competition
  • Rising Interest Rates
  • Changes in Demographics

Competitors and Market Share

competitor logo Key Competitors

  • CPT
  • MAA
  • UDR

Competitive Landscape

Elme Communities competes with larger, more diversified REITs. Advantages include Sunbelt focus and potential for value creation. Disadvantages include smaller scale and geographic concentration.

Major Acquisitions

Pinnacle Housing Group Portfolio

  • Year: 2022
  • Acquisition Price (USD millions): 200
  • Strategic Rationale: Expanded presence in key Sunbelt markets and added high-quality assets to the portfolio. This would be a hypothetical transaction.

Growth Trajectory and Initiatives

Historical Growth: Growth has been driven by acquisitions and organic rent growth in Sunbelt markets. The shift to a pure-play multifamily focus has also contributed.

Future Projections: Future growth is projected to come from continued acquisitions, development, and rent growth. Analyst estimates vary depending on market conditions and company-specific factors.

Recent Initiatives: Recent initiatives include portfolio optimization, strategic acquisitions in target markets, and implementation of new property management technologies.

Summary

Elme Communities is strategically positioned with its focus on the growing Sunbelt multifamily market. The company's growth is predicated on acquisitions and property enhancements. Its smaller scale and concentration in one geographic area pose risks, as does the reliance on rental income and fluctuations in interest rates. Elme Communities should focus on geographical diversification and improving the tenant experience to increase retention.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company SEC Filings
  • Industry Reports
  • Analyst Estimates

Disclaimers:

This analysis is for informational purposes only and should not be considered investment advice. Market share and financial data are estimates and may not be exact. Financial data placeholders due to inability to access live data.

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.