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Elme Communities - ELME STOCK NEWS

Welcome to our dedicated page for Elme Communities news (Ticker: ELME), a resource for investors and traders seeking the latest updates and insights on Elme Communities stock.

Company Overview

Elme Communities (ELME) is a real estate investment trust that specializes in owning and operating a diversified portfolio of commercial and residential properties in the greater Washington DC metropolitan area. With a focus on strategic asset locations and properties situated near key transportation nodes, Elme Communities has built a solid foundation in urban real estate. The company maintains a robust mix of office assets, retail establishments, and multifamily residences, each contributing to a stable rental revenue stream through long-term lease agreements.

Diversified Property Portfolio

The portfolio of Elme Communities is characterized by its varied asset types, which include high-quality office buildings, well-positioned retail spaces, and multifamily properties that cater to diverse tenant needs. The company’s office portfolio significantly contributes to its income as many properties are leased to firms operating in banking, consulting, legal, and financial services. Additionally, the retail and multifamily segments are managed to provide a balanced income base, ensuring resilience in fluctuating market conditions. This diversified mix not only mitigates risk but also reflects the company’s expertise in identifying and managing high-demand properties in a competitive market.

Business Model and Revenue Streams

Elme Communities derives nearly all of its income from rental revenues under long-term lease agreements. The focus on high-quality tenancy and stable cash flows is central to its operational approach. The extensive reliance on long-term leases provides predictability in income while allowing the company to manage its portfolio with a forward-thinking asset management strategy. By targeting tenants from sectors known for their stability, such as financial services, legal, consulting, and banking, Elme Communities ensures a recurring revenue stream that is less susceptible to economic fluctuations.

Operational Strategy and Local Expertise

The company leverages its deep-rooted understanding of the Washington DC market to optimize property performance and tenant satisfaction. Located in a critical gateway market, Elme Communities is known for its meticulous attention to property management and tenant needs. Its operational strategy emphasizes active asset management, continuous property maintenance, and periodic portfolio rebalancing to ensure maximum value creation. The locally focused approach allows the company to respond swiftly to market trends and maintain a competitive edge through direct, hands-on management of its assets.

Market Position and Competitive Landscape

Within the competitive landscape of real estate investment trusts, Elme Communities distinguishes itself through its concentrated focus on the Washington DC metropolitan area—a market that is synonymous with political, financial, and legal activity. This unique geographic concentration not only provides enhanced visibility for its portfolio but also positions the company to benefit from sustained demand in a pivotal urban region. The company's solid tenant base and its strategic location in an area with historically strong occupancy rates contribute to its reputation as a reliable operator in the commercial real estate space. By aligning its portfolio with the ongoing needs of high-caliber tenants, Elme Communities is effectively poised to navigate the complexities of urban market dynamics.

Investment Considerations and Risk Management

Elme Communities offers investors exposure to a well-diversified and geographically concentrated real estate portfolio. Its reliance on long-term lease agreements provides a buffer against market volatility, while the integrated management structure reduces operational uncertainties. The company’s commitment to stringent property management standards and its focus on tenant retention are critical components of its risk management strategy. Nonetheless, like any real estate investment, potential investors are encouraged to consider market-specific factors such as local economic conditions and changes in tenant composition when evaluating the company.

Comprehensive Portfolio Management

Detailed oversight of its diverse property portfolio is a cornerstone of Elme Communities' operational philosophy. By consistently maintaining properties at high standards and strategically planning lease renewals, the company reinforces its commitment to quality and operational excellence. The integrated property management approach not only improves tenant satisfaction but also enhances the overall asset performance, ensuring sustainable rental revenue over extended periods.

Conclusion

In summary, Elme Communities (ELME) represents a mature and focused real estate investment trust with extensive expertise in managing a diversified portfolio of office, retail, and multifamily properties within a vital urban region. The company’s stable income model, driven by long-term leases and a carefully curated mix of high-quality tenants, underscores its position in the competitive Washington DC market. Investors and analysts seeking detailed insights into a company with demonstrated local expertise and a robust operational strategy will find the comprehensive structure and management of Elme Communities to be a noteworthy example of focused real estate investment.

Rhea-AI Summary

Elme Communities (NYSE: ELME), a value-oriented multifamily owner and operator based in Bethesda, Md., will release its second quarter earnings results for 2024 after market close on Thursday, August 1, 2024.

The company will conduct a conference call to discuss these results on Friday, August 2, 2024, at 10:00 am ET. A live webcast presentation will also be available. For those unable to attend, an instant replay of the conference call will be accessible until Friday, August 16, 2024, at 11:59 pm ET.

Access to the conference call and webcast can be obtained through the following: USA Toll Free Number: 888-506-0062, International Toll Number: 973-528-0011, Entry Code: 222443, Webcast: ir.elmecommunities.com. Instant replay can be accessed at USA Toll Free Number: 877-481-4010, International Toll Number: 919-882-2331, Conference ID: 50778, and Webcast Replay: ir.elmecommunities.com.

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Elme Communities, a multifamily REIT, reported first-quarter 2024 financial results. Net loss was $3.6 million, NAREIT FFO was $21.3 million, Core FFO was $19.9 million. NOI was $37.8 million. Lease Rate Growth was 2.3%. Average Occupancy was 94.4%. Available liquidity was $545 million. The company expects Core FFO for 2024 to range from $0.90 to $0.96 per fully diluted share.

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Elme Communities (ELME) will release its first quarter earnings results on May 1, 2024, followed by a conference call and webcast on May 2, 2024. Investors can access the call and webcast for insights into the company's performance.
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Elme Communities (NYSE: ELME) reported strong financial and operational results for the full year 2023 and fourth quarter. The company's net loss was $53.0 million for the full year, with NAREIT FFO up 27.9% and Core FFO up 10.2% compared to the prior year. NOI increased by 9.4%, and average effective monthly rent per home rose by 6.5%. In the fourth quarter, net loss was $3.1 million, with NAREIT FFO up 14.3%. The company's liquidity position was strong, with approximately $550 million available as of December 31, 2023. Elme provided guidance for 2024, expecting moderated NOI growth and Core FFO ranging from $0.90 to $0.96 per fully diluted share.
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Elme Communities (ELME) announced the income tax treatment of its 2023 dividend distributions, representing final income allocations. Shareholders are encouraged to consult with their personal tax advisors for specific tax treatment. The Ordinary Taxable Income Per Share is equal to the 199A dividend created by the 2017 Tax Cuts and Jobs Act. The total dividend distributions for 2023 are $0.71000 per share, with 33.29% being Ordinary Taxable Income Per Share and 33.29% being Section 199A Dividends Per Share. Shareholders should take note of these figures for tax planning purposes.
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Elme Communities (ELME) will release its fourth quarter earnings results on February 15, 2024, followed by a conference call and webcast on February 16, 2024. The company will provide access information for the call and webcast, as well as details for the instant replay. Investors and analysts can tune in to discuss the financial performance of Elme Communities.
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Elme Communities (NYSE: ELME) reported financial and operating results for Q3 2023. Net loss was $43.6 million, NAREIT FFO was $20.1 million, and Core FFO was $21.4 million. Same-store multifamily NOI increased by 7.3%. The company acquired Elme Druid Hills for $108.0 million. Available liquidity was approximately $560 million. The company provided 2023 guidance with expected high single-digit same-store multifamily NOI growth.
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Elme Communities (NYSE:ELME) will release Q3 earnings results on October 26, 2023, followed by a conference call on October 27, 2023. Webcast and replay available.
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Elme Communities appoints Susan Carras as independent director, increasing female representation on the Board to 50%
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FAQ

What is the current stock price of Elme Communities (ELME)?

The current stock price of Elme Communities (ELME) is $15.45 as of April 22, 2025.

What is the market cap of Elme Communities (ELME)?

The market cap of Elme Communities (ELME) is approximately 1.4B.

What type of properties does Elme Communities own and operate?

Elme Communities primarily owns and operates a diversified portfolio of office, retail, and multifamily properties located throughout the greater Washington DC metropolitan area. These properties are strategically situated near key transportation nodes to enhance tenant accessibility.

How does Elme Communities generate its revenue?

The company generates its revenue through long-term rental agreements with tenants across its various property types. A majority of its income is derived from office assets, while retail and multifamily properties also contribute significantly to its overall rental income.

Who are the typical tenants of Elme Communities?

Elme Communities caters to a broad range of tenants, including banking, consulting, law, and financial services firms. These tenants are typically engaged in long-term leases, providing a stable income stream for the company.

What distinguishes Elme Communities in the competitive real estate market?

The company distinguishes itself through its focused presence in the Washington DC market and its strategic asset locations near major transportation hubs. Its diversified portfolio and long-term lease strategies provide a stable revenue base in a key urban region.

How does the company manage risk in its portfolio?

Risk management at Elme Communities is achieved by maintaining a diversified mix of properties and focusing on long-term, high-quality tenancy. The company also implements rigorous property management strategies, emphasizing active asset oversight and tenant retention.

What is the significance of the company’s location?

Being based in the Washington DC metropolitan area provides Elme Communities with access to a high-demand market underpinned by political, financial, and legal activity. This strategic geographic focus helps the company maintain a strong occupancy rate and steady rental income.

How does the company ensure stable cash flow?

Elme Communities relies on long-term lease agreements with high-caliber tenants to ensure predictable rental revenue. The stability of these leases, coupled with a diversified property portfolio, underpins the company’s reliable cash flow.

What areas of expertise does Elme Communities emphasize in its operations?

The company emphasizes deep local market expertise, high-quality property management, and strategic asset location. Its focus on prolonged tenant relationships and consistent portfolio management demonstrates robust operational knowledge in the urban real estate sector.
Elme Communities

NYSE:ELME

ELME Rankings

ELME Stock Data

1.37B
86.97M
1.53%
94.33%
2.73%
REIT - Residential
Real Estate Investment Trusts
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United States
BETHESDA