Elme Communities
Value-oriented multifamily operator selling assets under an approved liquidation plan.
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Profile
Operated value-oriented, mid-market multifamily communities in the Washington, D.C. and Atlanta areas after exiting office and retail real estate. Following a shareholder-approved liquidation plan, it is selling its remaining properties and winding down the business.
Operated value-oriented, mid-market multifamily communities in the Washington, D.C. and Atlanta areas after exiting office and retail real estate. The strategic transformation simplified the company to one residential reportable segment. Its resident proposition centered on service, efficiency, and reliability for value-conscious renters. That multi-year shift remade the formerly diversified REIT into a focused, consumer-facing multifamily business.
Following shareholder approval of a sale and liquidation plan, it sold a 19-property portfolio and is selling its remaining properties. Property-sale completion, voluntary NYSE delisting, and dissolution remain conditional on the timing of those sales.
Company facts
Categories
Key statistics
Year to date −90.4% · Average volume (30d) 704.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating |
|---|---|---|---|---|
| Sep 11, 2025 | Truist Securities | Downgrade | Buy | Hold |
| Dec 17, 2024 | JP Morgan | Downgrade | Overweight | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 25, 2026Q2 FY26 | — | −$0.04 | — | $21.2M | — | — | +0.60% |
| Aug 18, 2026Q2 FY26 | — | −$0.04 | — | $21.2M | — | — | 0.00% |
| Aug 11, 2026Q2 FY26 | — | −$0.04 | — | $21.2M | — | — | 0.00% |
| Aug 4, 2026Q2 FY26 | — | −$0.04 | — | $21.2M | — | — | −1.22% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $61.5M | $62.1M | $62.1M | −$185.7M | $0 | $0 | |
| Gross profit | $37.3M | $37.2M | $11.9M | −$139.4M | −$22.0M | −$22.7M | |
| Operating income | $4.8M | $5.9M | −$113.9M | −$19.1M | $4.8M | $5.9M | |
| Net income | −$4.7M | −$3.6M | −$123.5M | −$22.4M | −$4.7M | −$3.6M | |
| Diluted EPS | −$0.05 | −$0.04 | −$1.40 | −$0.26 | −$0.05 | −$0.04 | |
| Gross margin | 60.6% | 59.9% | 19.2% | — | — | — | |
| Operating margin | 7.8% | 9.6% | -183.3% | — | — | — |
Fiscal years (4-quarter sums)FY21 $169.2M · FY22 $209.4M · FY23 $227.9M · FY24 $241.9M · FY25 $0
Revenue by product · FY24
Balance sheet, Jun 30, 2026Cash & short-term investments $41.3M · Total debt $251.0M · Total assets $460.4M · Shareholders' equity $167.7M
Dividends
Raised for 3 straight years — most recently to $0.18 from $0.17 in Mar 2023. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jan 8, 2026 | Dec 22 | $14.67 | special dividend | |
| Sep 17, 2025 | Sep 17 | Oct 3 | $0.18 | |
| Jun 17, 2025 | Jun 17 | Jul 3 | $0.18 | |
| Mar 19, 2025 | Mar 19 | Apr 3 | $0.18 | |
| Dec 19, 2024 | Dec 19 | Jan 6 | $0.18 | |
| Sep 19, 2024 | Sep 19 | Oct 3 | $0.18 | |
| Jun 20, 2024 | Jun 20 | Jul 3 | $0.18 | |
| Mar 19, 2024 | Mar 20 | Apr 3 | $0.18 |
Ownership
Shares outstanding 88.86M · Float 87.43M · 98.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Highbridge Capital Management LLC | 7.50M | 8.44% | 13F | Aug 14, 2026 |
| Trium Capital LLP | 3.35M | 3.77% | 13F | Jul 16, 2026 |
| Vanguard Capital Management LLC | 2.92M | 3.28% | 13F | Aug 13, 2026 |
| Jane Street Group, LLC | 2.75M | 3.09% | 13F | Aug 14, 2026 |
| Almitas Capital LLC | 2.62M | 2.95% | 13F | Aug 17, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- AvalonBay Communities
Large Mid-Atlantic apartment operator with a broad rental platform
- Equity Residential
Apartment operator established in Washington, D.C. and Atlanta
- UDR
Scaled U.S. apartment REIT active across 21 targeted markets
- Mid-America Apartment Communities
Multifamily platform spanning the Southeast and Mid-Atlantic
- Camden Property Trust
National multifamily apartment owner and operator
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Elme Communities | $1.68 | +0.30% | $149.3M | — | — | — | −402.0% |
| AvalonBay Communities | $184.06 | 0.00% | $26.28B | 25.4 | 35.5 | 8.5 | −6.3% |
| Equity Residential | $63.66 | −3.50% | $23.87B | 27.9 | 42.5 | 7.6 | +2.1% |
| UDR | $37.12 | −0.01% | $11.93B | 23.6 | 64.3 | 6.9 | −0.6% |
| Mid-America Apartment Communities | $128.57 | −0.84% | $15.08B | 37.9 | 41.5 | 6.8 | +1.0% |
| Camden Property Trust | $106.35 | +0.03% | $10.69B | 35.3 | 101.8 | 6.8 | −0.9% |
| Median | 27.9 | 42.5 | 6.9 | −0.6% |