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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Earnings data Q4 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.

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The homebuilding market is crashing even as we are dealing with a massive housing shortage. This should create a nice catalyst for homebuilding companies down the road, but perhaps the more interesting catalyst involves REITs that lease properties out.

Pain In The Housing Market Is Setting The Stage For Significant Value Creation

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 $0.20 per share a year ago.

Elme (ELME) Q1 FFO and Revenues Miss Estimates

WASHINGTON, April 27, 2023 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with properties in the Washington DC metro area and the Sunbelt, reported financial and operating results today for the quarter ended March 31, 2023:

Elme Communities Announces First Quarter 2023 Results

WASHINGTON, March 23, 2023 (GLOBE NEWSWIRE) -- Elme Communities (NYSE:ELME) will release first quarter earnings results after market close on Thursday, April 27, 2023. A conference call to discuss these results will be conducted on Friday, April 28, 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 First Quarter 2023 Results on Thursday, April 27th

Elme Communities owns and operates multifamily communities located principally in the DC Metro and the Sunbelt Region of the U.S. The company delivered strong results in 2022, particularly in the back half of the year. They are also off to a good start in 2023.

Elme Communities: Delivering Results But Richly Valued

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NexPoint Residential Trust

Amid inflationary pressure, one should consider investing in REITs like Broadstone Net Lease (BNL), NexPoint Residential Trust (NXRT) & Elme Communities (ELME) for steady returns.

3 Top REITs to Buy as Inflation is Still Running Hot

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Apartment REITs were the second-worst-performing property sector in 2022 - barely outperforming the troubled office sector - despite delivering a record year of operating performance highlighted by 20% FFO growth. Following two years of historic rent growth, there is little doubt that growth will moderate over the coming quarters. Market consensus sees a "hard landing" with rising vacancies and declining rents.

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U.S. equity markets were mixed on a choppy week as investors readjusted expectations for inflation and interest rates following data indicating an uptick in economic activity and persisting price pressures. Posting its first back-to-back weekly declines of the year, the S&P 500 slipped 0.2% this week, but other major benchmarks fared better. The Mid-Cap 400 and Small-Cap 600 both gained.

Risks Of 'No Landing'

Elme Communities (NYSE:ELME ) Q4 2022 Earnings Conference Call February 17, 2023 10:00 AM ET Company Participants Amy Hopkins - Vice President, Investor Relations Paul McDermott - President and Chief Executive Officer Steve Riffee - Executive Vice President and Chief Financial Officer Steven Freishtat - Vice President, Finance Grant Montgomery - Vice President and Head, Research Drew Hammond - Vice President, Chief Accounting Officer and Treasurer Conference Call Participants Michael Lewis - Truist Securities Alan Peterson - Green Street Anthony Paolone - JPMorgan Operator Welcome to the Elme Communities Fourth Quarter and Year End Earnings Conference Call. As a reminder, today's call is being recorded.

Elme Communities (ELME) Q4 2022 Earnings Call Transcript

WASHINGTON, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with properties in the Washington DC metro area and the Sunbelt, reported financial and operating results today for the quarter and year ended December 31, 2022:

Elme Communities Announces Fourth Quarter and Full Year 2022 Results

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Office REITs have been far-and-away the worst-performing property sector since the start of the pandemic, as depressed utilization rates and recession concerns have curbed office space demand. Work-From-Home-Forever? Occupiers due for renewal have been somewhat-reluctant to cut office space, with leasing volumes still at 75% of pre-pandemic levels, but fundamentals softened more definitively in late 2022.

Office REITs: Pain Is Priced In

WASHINGTON, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Elme Communities (“Elme”) (NYSE:ELME) announced the income tax treatment of its 2022 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 2022 Dividend Income Tax Treatment

As part of their strategic transformation to a pure-play multifamily REIT, Washington Real Estate Investment Trust recently rebranded to Elme Communities. The divestment of their office and retail properties has improved their liquidity position, while also enabling their expansion into the pivotal Sunbelt region of the U.S.

Elme Communities: May Have Missed The Multifamily Train

WASHINGTON, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Elme Communities (“Elme”) (NYSE:ELME) will release fourth quarter earnings results after market close on Thursday, February 16, 2023.

Elme Communities to Release Fourth Quarter 2022 Results on Thursday, February 16th

WASHINGTON, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Elme Communities (“Elme” or the “Company”) (NYSE: ELME), a value-driven multifamily owner and operator, announced the planned retirement of Stephen E. Riffee, Executive Vice President and CFO, at the end of February 2023 and the Company's CFO succession plan.

Elme Communities Announces CFO Succession Plan

Washington Reit (ELME) delivered FFO and revenue surprises of 0% and 3.13%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Washington Reit (ELME) Meets Q3 FFO Estimates

WASHINGTON, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with properties in the Washington metro area and the Sunbelt, reported financial and operating results today for the quarter ended September 30, 2022:

Elme Communities Announces Third Quarter 2022 Results

WASHINGTON, Oct. 25, 2022 (GLOBE NEWSWIRE) -- Elme Communities (“Elme” or the “Company”) (NYSE: ELME), a value-driven multifamily owner and operator, announced the publication of its 2022 ESG Report. The report, which summarizes the Company's ESG initiatives, programs, and achievements in 2021 and into 2022, can be found on the ESG page of the Company's newly launched website at www.elmecommunities.com.

Elme Communities Issues 2022 ESG Report

News for Elme Communities Stock (ELME)