ELME Stock - Elme Communities
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $241.94M | $227.91M | $209.38M | $169.15M | $176.00M |
| Gross Profit | $144.37M | $139.97M | $127.94M | $102.24M | $106.88M |
| Gross Margin | 59.7% | 61.4% | 61.1% | 60.4% | 60.7% |
| Operating Income | $23.47M | $-23,063,000 | $-1,723,000 | $-484,000 | $-2,419,000 |
| Net Income | $-13,103,000 | $-52,977,000 | $-30,868,000 | $-21,788,000 | $-15,680,000 |
| Net Margin | -5.4% | -23.2% | -14.7% | -12.9% | -8.9% |
| EPS | $-0.15 | $-0.61 | $-0.69 | $-0.26 | $-0.64 |
Elme Communities owns and operates uniquely positioned real estate assets in the Washington Metro area. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. As of October 29, 2020, the Company's portfolio of 45 properties includes approximately 3.7 million square feet of commercial space and 6,863 multifamily apartment units. These 45 properties consist of 22 multifamily properties,15 office properties, and 8 retail centers. Our shares trade on the NYSE. With a track record of driving returns and delivering satisfaction, we are a trusted authority in one of the nation's most competitive real estate markets.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 11th 2025 | Truist | Downgrade | Hold | $2 |
| January 17th 2025 | Truist | Upgrade | Buy | - |
| December 17th 2024 | JP Morgan | Downgrade | Neutral | $18← $19 |
| October 21st 2024 | Wolfe Research | Initiation | Peer Perform | - |
| December 18th 2023 | JP Morgan | Upgrade | Overweight | $18← $16 |
| January 11th 2023 | BTIG Research | Downgrade | Neutral | - |
Earnings History & Surprises
ELMEEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 29, 2026 | — | — | — | — |
Q1 2026 | Feb 12, 2026 | $0.23 | — | — | — |
Q4 2025 | Oct 23, 2025 | $0.23 | $0.22 | -4.3% | ✗ MISS |
Q3 2025 | Aug 5, 2025 | $0.23 | $0.24 | +4.3% | ✓ BEAT |
Q2 2025 | May 1, 2025 | $0.23 | $0.24 | +4.3% | ✓ BEAT |
Q1 2025 | Feb 13, 2025 | $-0.03 | $0.23 | +866.7% | ✓ BEAT |
Q4 2024 | Nov 4, 2024 | $0.24 | $0.23 | -4.2% | ✗ MISS |
Q3 2024 | Aug 1, 2024 | $0.23 | $0.23 | 0.0% | = MET |
Q2 2024 | May 1, 2024 | $0.22 | $0.23 | +4.5% | ✓ BEAT |
Q1 2024 | Feb 15, 2024 | $0.25 | $0.24 | -4.0% | ✗ MISS |
Q4 2023 | Oct 26, 2023 | $0.24 | $0.24 | 0.0% | = MET |
Q3 2023 | Jul 31, 2023 | $0.24 | $0.24 | 0.0% | = MET |
Q2 2023 | Apr 27, 2023 | $0.25 | $0.24 | -4.0% | ✗ MISS |
Q1 2023 | Feb 16, 2023 | $0.25 | $0.24 | -4.0% | ✗ MISS |
Q4 2022 | Oct 27, 2022 | $0.23 | $0.23 | 0.0% | = MET |
Q3 2022 | Jul 28, 2022 | $-0.06 | $-0.10 | -66.7% | ✗ MISS |
Q2 2022 | Apr 27, 2022 | $-0.05 | $-0.09 | -80.0% | ✗ MISS |
Q1 2022 | Feb 17, 2022 | $-0.03 | $-0.07 | -133.3% | ✗ MISS |
Q4 2021 | Oct 28, 2021 | $-0.01 | $-0.02 | -50.0% | ✗ MISS |
Q3 2021 | Jul 29, 2021 | $-0.03 | $-0.08 | -166.7% | ✗ MISS |
Latest News
Elme Communities Announces $14.67 Per Share Special Dividend
📈 PositiveReported Earlier, Elme Communities Finalizes $1.6B Sale Of 19 Multifamily Assets To Cortland And Enters $520M Term Loan To Support Liquidation Plan
📈 PositiveElme Communities Q3 FFO $0.22 Misses $0.23 Estimate, Sales $62.103M Miss $62.213M Estimate
📉 NegativeJP Morgan Maintains Neutral on Elme, Lowers Price Target to $18
➖ NeutralTruist Securities Downgrades Elme to Hold, Lowers Price Target to $2
📉 NegativeElme stock up after announcement of voluntary liquidation plan, asset sale
📈 PositiveFrequently Asked Questions about ELME
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