Elme Communities ELME

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

Elme Communities, a Maryland real estate investment trust, formerly known as Washington Real Estate Investment Trust ("Elme" or the "Company"), is a self-administered equity real estate investment trust ("REIT") within the meaning of Sections 856-860 of the Internal Revenue Code of 1986, as amended (the "Code") and successor to a trust organized in 1960. Our business primarily consists of the ownership of apartment communities in the greater Washington, DC metro and Sunbelt regions. As of December 31, 2025, we owned nine apartment communities and one office property.

On February 13, 2025, the Company announced that its Board of Trustees (the "Board") had initiated a formal review to evaluate strategic alternatives. On August 4, 2025, the Company announced that its Board had completed its review, that Elme had entered into a Purchase and Sale Agreement, dated as of August 1, 2025, for the sale of 19 multifamily properties from Elme for approximately $1.6 billion in cash, subject to certain adjustments and prorations (the "Portfolio Sale Transaction"), and that the Board had also approved a plan of sale and liquidation (the "Plan of Sale and Liquidation"), which contemplates the sale or disposition of all the Company's assets, the wind-down of the Company's business and affairs and the termination of the Company's existence by voluntary dissolution. The Plan of Sale and Liquidation includes a plan of liquidation that provides for the Company's complete liquidation and dissolution in accordance with Section 331, Section 336 and Section 346(a) of the Code.

Last close 1.77 2026-10-22
Market cap $157.3M 2026-04-24 share count
52-week range 1.26 - 17.68

Valuation FY2025 figures against the last close

P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue —$241.9M$227.9M$209.4M$169.2M$176.0M$176.7M$291.7M$280.3M$313.3M
Cost of revenue —$88.7M$79.8M$74.0M$60.8M$63.0M$63.3M$105.6M$105.4M$115.0M
Gross profit —$153.2M$148.1M$135.4M$108.4M$113.0M$113.4M$186.1M$174.9M$198.3M
SG&A —$25.0M$25.9M$28.3M$27.5M$24.0M$26.1M$22.1M$22.6M$19.5M
Total operating expenses —$218.5M$251.0M$211.1M$173.7M$163.4M$187.2M$241.4M$262.6M$243.5M
Operating income —$23.5M-$23.1M-$1.7M-$4.6M-$2.4M$49.5M$52.8M$42.6M$171.5M
Interest expense —$37.8M$30.4M$24.9M$34.1M$37.3M$53.7M$50.5M$46.8M$53.1M
Pre-tax income ——————$383.6M$25.6M$19.8M$120.0M
Income tax ——————$0$0$84.0K$615.0K
Net income —-$13.1M-$53.0M-$30.9M$16.4M-$15.7M$383.6M$25.6M$19.7M$119.3M
EPS, basic —-0.15-0.61-0.360.19-0.204.750.320.251.65
EPS, diluted —-0.15-0.61-0.360.19-0.204.750.320.251.65
Shares, diluted (wtd. avg.) —87.9M87.7M87.4M84.5M82.3M80.3M79.0M76.8M72.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $6.6M$6.1M$6.0M$9.9M$234.2M$8.3M$14.8M$7.6M$12.6M$17.6M
Total assets $2.11B$1.85B$1.90B$1.87B$1.88B$2.41B$2.63B$2.42B$2.36B$2.25B
Total liabilities $1.88B$763.7M$745.7M$608.8M$558.9M$1.09B$1.22B$1.35B$1.26B$1.20B
Retained earnings ———————-$469.1M-$399.2M-$326.0M
Total equity $887.5M$1.08B$1.15B$1.26B$1.32B$1.32B$1.41B$1.07B$1.10B$1.05B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow —$95.2M$84.7M$73.2M$89.2M$113.0M$130.9M$147.4M$130.6M$114.7M
Depreciation and amortisation —$95.9M$89.0M$91.7M$95.6M$120.0M$141.2M$121.2M$112.1M$108.4M
Stock-based compensation —$5.2M$5.5M$8.0M$8.6M$7.9M$7.7M$6.7M$4.8M$3.5M
Capital expenditure —$47.4M$38.2M$36.5M$32.4M$58.1M$68.5M$71.1M$60.5M$920.0K
Investing cash flow —-$43.7M-$146.2M-$241.2M$702.2M$65.8M$61.0M-$38.9M-$196.4M-$63.5M
Financing cash flow —-$51.4M$60.2M-$56.4M-$565.4M-$185.2M-$184.8M-$113.4M$60.7M-$70.8M
Dividends paid —$63.6M$64.3M$59.4M$90.7M$99.1M$96.4M$95.1M$91.7M$85.6M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000104894-26-000015.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M Revenue, FY2016: 313.3M Gross profit, FY2016: 198.3M Net income, FY2016: 119.3M Revenue, FY2017: 280.3M Gross profit, FY2017: 174.9M Net income, FY2017: 19.7M Revenue, FY2018: 291.7M Gross profit, FY2018: 186.1M Net income, FY2018: 25.6M Revenue, FY2019: 176.7M Gross profit, FY2019: 113.4M Net income, FY2019: 383.6M Revenue, FY2020: 176M Gross profit, FY2020: 113M Net income, FY2020: -15.7M Revenue, FY2021: 169.2M Gross profit, FY2021: 108.4M Net income, FY2021: 16.4M Revenue, FY2022: 209.4M Gross profit, FY2022: 135.4M Net income, FY2022: -30.9M Revenue, FY2023: 227.9M Gross profit, FY2023: 148.1M Net income, FY2023: -53M Revenue, FY2024: 241.9M Gross profit, FY2024: 153.2M Net income, FY2024: -13.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $313.3M $280.3M $291.7M $176.7M $176.0M $169.2M $209.4M $227.9M $241.9M —
Gross profit $198.3M $174.9M $186.1M $113.4M $113.0M $108.4M $135.4M $148.1M $153.2M —
Net income $119.3M $19.7M $25.6M $383.6M -$15.7M $16.4M -$30.9M -$53.0M -$13.1M —

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event Item 8.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • Other event Item 8.01
  • Material agreement signed Item 1.01
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 6798

TickerCompanyMarket capP/ERevenue growth
WELL WELLTOWER INC. $167.53B 170.7x 40.2%
PLD Prologis, Inc. $117.89B 35.5x 7.2%
EQIX EQUINIX INC $94.23B 69.4x 5.4%
AMT AMERICAN TOWER CORP /MA/ $88.04B 35.0x 20.8%
SPG SIMON PROPERTY GROUP INC. $68.57B 14.9x 6.7%
DLR DIGITAL REALTY TRUST, INC. $60.57B 48.1x 10.0%
PSA Public Storage $54.42B 34.4x 2.7%
O REALTY INCOME CORP $53.83B 48.6x 9.1%