Elme Communities (ELME) Stock

Elme Communities (ELME) is a Real Estate stock trading at $1.61 (as of 2026-07-24), with a market capitalization of $143.06M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Elme Communities owns and operates real estate assets in the Washington Metro area, with a portfolio of 45 properties totaling about 3.7 million square feet of commercial space and 6,863 multifamily apartment units. The portfolio includes multifamily, office, and retail properties.

Understand Elme Communities: how it makes money

Elme Communities owns and operates income-producing real estate (multifamily, office, and retail) in the Washington Metro area, generating revenue primarily from real estate rental income.

For a rental property operator like Elme Communities, near-term profit is structurally driven by how consistently units and spaces stay occupied and renewed, which determines real estate rental revenue while leasing dynamics like resident retention, concessions, and rent changes affect net pricing.

Business quality (Weak): Latest-quarter results show strong gross margin (61.1%) but a deeply negative operating margin (-183.3%), so investors should focus on the gap between property-level performance and operating-level profitability.

Bull case

  • Portfolio scale across property types: As of October 29, 2020, the portfolio included 45 properties, about 3.7 million square feet of commercial space, and 6,863 multifamily apartment units (22 multifamily, 15 office, 8 retail centers).
  • Healthy same-store occupancy: Same-Store Average Occupancy is 94.4% and Ending Occupancy is 95.9%, supported by a 65.0% Same-Store Resident Retention Rate.

Bear case

  • Operating losses despite positive gross margin: For the quarter ended 2025-09-30, operating margin was -183.3% even though gross margin was 61.1%.
  • Leasing is not frictionless: Concessions are 14.0% of signed leases and the Average New Lease Rate Decline is 2.1%, which can pressure rental economics.
  • Tenant churn signals: Move-Outs Related to Home Purchase is 8.5% of move-outs, and Resident Retention Rate is 65.0%, indicating that some turnover is expected even with strong occupancy levels.
Valuation — source: SEC EDGAR (first-party)
Price$1.61
Market Cap$143.06M
Price / Sales0.58
DCF Value (model)$16.27
DCF Upside vs Price910.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$20.66M
Net Margin-108.4%
Revenue Growth (YoY)-91.5%
EPS Growth (YoY)66.7%
Valuation vs Sector & Industry
Sector P/E (Real Estate)30.1
Industry P/E (Trading)34.8
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($236.29M)
Institutional Holders Tracked10
Company
SectorReal Estate
IndustryTrading
CEOPaul T. McDermott
Employees255
CountryUS
IPO Date1980-03-17

Related Companies (Business model: Equity REIT (Real Estate Investment Trust); 8 closest by market cap; US-domiciled)

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ELME earnings history · ELME institutional & insider holders · ELME KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.