Company research
Elme Communities
CIK 104894Updated Sep 24, 2026
SecurityELME · NYSE · equity
Historical securities (1)
WRE · OTC · reit · closed Oct 19, 2022Name history
WASHINGTON REAL ESTATE INVESTMENT TRUST · through Oct 3, 2022
ELME price & chart
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NYSE:ELME on TradingView ↗About the company
Elme Communities is a multifamily real estate investment trust that owns and operates apartment homes in the Washington, DC metro and the Atlanta metro.
In the news
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Recent filings
Termination of a Material Definitive Agreement · Completion of Acquisition or Disposition of Assets
Items 1.02, 2.01, 9.01
Other Events
Items 8.01
Completion of Acquisition or Disposition of Assets
Items 2.01, 9.01
10-Q filing
Entry into a Material Definitive Agreement · Other Events
Items 1.01, 8.01, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
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cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -154,162,000Source | — | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 78,162,000Source | 95,935,000Source | 88,950,000Source | 91,722,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 5,351,000Source | 5,218,000Source | 5,538,000Source | 7,988,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 62,243,000Source | 95,243,000Source | 84,669,000Source | 73,211,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -26,986,000Source | -43,740,000Source | -146,221,000Source | -241,163,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 229,000Source | 1,111,000Source | 2,072,000Source | 3,286,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -34,969,000Source | -51,432,000Source | 60,238,000Source | -56,416,000Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 288,000Source | 71,000Source | -1,314,000Source | -224,368,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 8,897,000Source | 8,609,000Source | 8,538,000Source | 9,852,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 29,874,000Source | 32,220,000Source | 23,502,000Source | 20,842,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 5,400,000Source | 5,200,000Source | 5,500,000Source | 8,000,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 3,570,000Source | 4,421,000Source | 4,218,000Source | 4,052,000Source |
| DepreciationUSD | 74,900,000Source | 89,700,000Source | 82,700,000Source | 77,200,000Source |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of TaxUSD | — | — | 0Source | 0Source |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of TaxUSD | — | — | 0Source | 0Source |
| Dividends PayableUSD | — | 15,898,000Source | 15,863,000Source | 14,934,000Source |
| Gain (Loss) on Sale of DerivativesUSD | — | — | 0Source | 0Source |
| Gain (Loss) on Sale of PropertiesUSD | — | — | 0Source | 0Source |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | -147,000Source | -54,000Source | -4,917,000Source |
| Gains (Losses) on Sales of Investment Real EstateUSD | — | — | — | 0Source |
| General and Administrative ExpenseUSD | 54,591,000Source | 24,969,000Source | 25,887,000Source | 28,258,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -154,162,000Source | -13,103,000Source | -52,977,000Source | -30,868,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | 0Source | 0Source |
| InterestExpenseNonoperatingUSD | 31,954,000Source | 37,835,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -154,162,000Source | -13,103,000Source | -52,977,000Source | -30,868,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -154,422,000Source | -13,390,000Source | — | — |
| Nonoperating Income (Expense)USD | -31,954,000Source | -36,572,000Source | -29,914,000Source | -29,145,000Source |
| Proceeds from Issuance of Common StockUSD | — | 0Source | 0Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 206,360,000Source | 241,935,000Source | 227,911,000Source | 209,380,000Source |
| Cost of RevenueUSD | 76,602,000Source | 88,701,000Source | 79,830,000Source | 74,001,000Source |
| Operating Income (Loss)USD | -122,208,000Source | 23,469,000Source | -23,063,000Source | -1,723,000Source |
| Net Income (Loss) Attributable to ParentUSD | -154,162,000Source | -13,103,000Source | -52,977,000Source | -30,868,000Source |
| Earnings Per Share, BasicUSD per share | -1.75Source | -0.15Source | -0.61Source | -0.36Source |
| Earnings Per Share, DilutedUSD per share | -1.75Source | -0.15Source | -0.61Source | -0.36Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 88,092,000Source | 87,920,000Source | 87,735,000Source | 87,388,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 88,092,000Source | 87,920,000Source | 87,735,000Source | 87,388,000Source |
| Interest Expense (non-operating)USD | 31,954,000Source | 37,835,000Source | — | — |
| Additional Financial Items | ||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.54Source | 0.72Source | 0.72Source | 0.68Source |
| Costs and ExpensesUSD | 328,568,000Source | 218,466,000Source | 250,974,000Source | 211,103,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 78,162,000Source | 95,935,000Source | 88,950,000Source | 91,722,000Source |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of TaxUSD | — | — | 0Source | 0Source |
| Gains (Losses) on Sales of Investment Real EstateUSD | — | — | — | 0Source |
| General and Administrative ExpenseUSD | 54,591,000Source | 24,969,000Source | 25,887,000Source | 28,258,000Source |
| Gross ProfitUSD | 129,758,000Source | 153,234,000Source | 148,081,000Source | 135,379,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -154,162,000Source | -13,103,000Source | -52,977,000Source | -30,868,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | — | -0.61Source | -0.36Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | -0.61Source | -0.36Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | 0Source | 0Source |
| Interest ExpenseUSD | — | — | 30,429,000Source | 24,940,000Source |
| Interest Expense, DebtUSD | 8,413,000Source | 10,509,000Source | 4,419,000Source | 912,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -154,422,000Source | -13,390,000Source | — | — |
| Nonoperating Income (Expense)USD | -31,954,000Source | -36,572,000Source | -29,914,000Source | -29,145,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | 260,000Source | — | — | — |
Filing attachments
tm2530977d1_ex99-1.htm · 8-K · 2025-11-13
EX-99.1 3 tm2530977d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Elme Communities Completes Sale of 19 Multifamily Communities for $1.6 Billion BETHESDA, Md. - November 12, 2025 - Elme Communities (“Elme” or the “Company”) (NYSE: ELME) today completed its previously announced sale of 19 multifamily communities (“the portfolio sale”) to an affiliate of Cortland Partners, LLC (“Cortland”) for $1.6 billion in cash, subject to certain customary adjustments and prorations. The completion of the portf…
Read attachment ↗d38155dex991.htm · 8-K · 2025-08-04
EX-99.1 5 d38155dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Elme Communities Concludes Strategic Alternatives Review Process; Executes Agreement to Sell 19 Properties to Cortland, Remaining Assets to be Marketed for Sale Elme to Seek Shareholder Approval for Cortland Portfolio Transaction and Plan of Sale and Liquidation Intends to Make Total Upfront Distributions to Shareholders of Approximately $14.68 to $15.00 per Share assuming the Consummation of the Cortland Portfolio Transaction …
Read attachment ↗d38155dex992.htm · 8-K · 2025-08-04
EX-99.2 6 d38155dex992.htm EX-99.2 EX-99.2 Exhibit 99.2 Elme Strategic Alternatives Review Process FAQ August 4, 2025 ────────────────────────────────────────────────────────────────────── Can you provide more detail on the strategic review process? What other alternatives did the Company consider? Why did Elme determine that a sale and liquidation was the best course of action? ──────────────────────────────────────────────────────────────────────────────────────────────────…
Read attachment ↗