Saturday 17 October 2026
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Elme Communities
ELME Real Estate Reit Residential
Elme Communities' revenue for fiscal 2024 (year ended December 2024) was $241.9 million, up 6.15% from fiscal 2023. In the quarter to September 2025, revenue grew 1.72%, EPS fell 4,566.7% and free cash flow fell 17.2%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for three, operating cash flow growth for three.
1.76
0.01
+0.57%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 23.89 | 29.90 | 22.70 | 22.53 | 16.95 | 20.74 | 16.14 | 12.44 | 12.74 | 13.95 |
Analyst estimates 2026–2028 Powerpack |
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| High | 34.61 | 33.96 | 31.85 | 31.41 | 32.22 | 27.05 | 26.79 | 19.82 | 18.49 | 18.08 | |||||
| People | |||||||||||||||
| People | Employees | 153 | 149 | 149 | 125 | 112 | 53 | 102 | 243 | 255 | — | ||||
| Revenue/emp, $m | 2.05 | 1.88 | 1.96 | 1.41 | 1.57 | 3.19 | 2.05 | 0.94 | 0.95 | — | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 313 | 280 | 292 | 177 | 176 | 169 | 209 | 228 | 242 | — | ||||
| Gross margin, % | 63.29 | 62.39 | 63.80 | 60.72 | 60.72 | 60.44 | 61.11 | 61.42 | 59.67 | — | |||||
| EBT | 119 | (4) | 1 | (4) | (40) | (53) | (31) | (53) | (13) | — | |||||
| EBT margin, % | 38.08 | (1.27) | 0.40 | (2.41) | (22.91) | (31.42) | (14.74) | (23.24) | (5.42) | — | |||||
| Net income | 119 | 20 | 26 | 384 | (16) | 16 | (31) | (53) | (13) | 0 | |||||
| Depreciation | 112 | 114 | 123 | 144 | 123 | 100 | 96 | 93 | 100 | — | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 4.34 | 3.65 | 3.69 | 2.20 | 2.14 | 2.00 | 2.40 | 2.60 | 2.75 | — | ||||
| Earnings | 1.65 | 0.25 | 0.32 | 4.75 | (0.20) | 0.19 | (0.36) | (0.61) | (0.15) | (1.75) | |||||
| Cash flow | 1.59 | 1.70 | 1.87 | 1.63 | 1.37 | 1.05 | 0.84 | 0.97 | 1.08 | — | |||||
| Capex | 2.57 | (0.44) | 1.30 | 7.94 | 1.15 | 10.24 | (0.44) | (0.44) | (0.54) | — | |||||
| Free cash flow | 4.16 | 1.26 | 3.16 | 9.57 | 2.52 | 11.29 | 0.40 | 0.52 | 0.54 | — | |||||
| Book value | 14.58 | 14.26 | 13.53 | 17.59 | 16.04 | 15.58 | 14.46 | 13.16 | 12.31 | — | |||||
| Shares, m | 72 | 77 | 79 | 80 | 82 | 85 | 87 | 88 | 88 | — | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 20.30 | 115.73 | 71.88 | 6.13 | 0.00 | 136.05 | 0.00 | 0.00 | 0.00 | — | ||||
| P/S | 7.53 | 8.25 | 6.23 | 13.25 | 10.12 | 12.92 | 7.38 | 5.63 | 5.55 | — | |||||
| P/B | 2.24 | 2.11 | 1.70 | 1.66 | 1.35 | 1.66 | 1.22 | 1.11 | 1.24 | — | |||||
| EV/Sales | 11.02 | 12.32 | 10.42 | 19.39 | 15.68 | 14.47 | 9.97 | 8.57 | 8.40 | — | |||||
| EV/FCF | 11.49 | 35.60 | 12.18 | 4.46 | 13.30 | 2.56 | 59.75 | 42.43 | 42.67 | — | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 115 | 131 | 147 | 131 | 113 | 89 | 73 | 85 | 95 | — | ||||
| Capex | 186 | (34) | 102 | 637 | 95 | 865 | (38) | (39) | (48) | — | |||||
| Free cash flow | 300 | 97 | 250 | 768 | 208 | 954 | 35 | 46 | 48 | — | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 35 | 21 | 14 | 9 | (24) | 209 | (8) | (13) | (15) | — | ||||
| Total debt | 1,112 | 1,155 | 1,232 | 1,100 | 987 | 497 | 552 | 679 | 699 | — | |||||
| Net debt | 1,094 | 1,143 | 1,224 | 1,085 | 979 | 263 | 543 | 671 | 690 | — | |||||
| Shareholders’ equity | 1,052 | 1,095 | 1,068 | 1,412 | 1,321 | 1,317 | 1,264 | 1,154 | 1,082 | — | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 5.37 | 0.85 | 1.07 | 15.20 | (0.62) | 0.76 | (1.65) | (2.81) | (0.70) | 0.00 | ||||
| ROIC | 4.99 | 1.19 | 1.44 | 1.24 | (0.07) | (0.18) | (0.06) | (0.79) | 0.83 | — | |||||
| ROE | 12.63 | 1.83 | 2.37 | 30.92 | (1.15) | 1.24 | (2.39) | (4.38) | (1.17) | — | |||||
Negative figures in brackets.
Fiscal years to Dec 2024 · latest quarter Sep 2025
Charts ten years each
Elme Communities vs peers in Reit Residential (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| MRP Millrose Properties, Inc. | $3.4B | 7.8× | 9.3× | +32.11% (above 0%: growing) | +11.76% (above 0%: growing) | +61.32% (above 0%: growing) | 84.81% | 85.16% | Compare |
| UMH UMH Properties, Inc. | $1.3B | 127× | 111× | +7.50% (above 0%: growing) | +66.67% (above 0%: growing) | −8.46% (below 0%: shrinking) | 55.24% | 18.78% | Compare |
| CSR Centerspace | $989.4M | 43.4× | — (loss-making) | −4.04% (below 0%: shrinking) | n/m | +133.15% (above 0%: growing) | 86.14% | 13.35% | Compare |
| NXRT NexPoint Residential Trust, Inc. | $476.4M | — (loss-making) | — (loss-making) | +2.31% (above 0%: growing) | n/m | +52.54% (above 0%: growing) | 61.87% | 10.92% | Compare |
| BRT BRT Apartments Corp. | $256.3M | — (loss-making) | — (loss-making) | +1.14% (above 0%: growing) | n/m | −32.50% (below 0%: shrinking) | 100.00% | 11.65% | Compare |
| AIV Apartment Investment and Management Company | $244.0M | 0.4× | — (loss-making) | −271.99% (below 0%: shrinking) | n/m | +226.39% (above 0%: growing) | 396.41% | 6,653.82% | Compare |
| ELME Elme Communities | $155.5M | — (loss-making) | — (loss-making) | +1.72% (above 0%: growing) | n/m | −17.20% (below 0%: shrinking) | 57.49% | (183.33%) | |
| BHM Bluerock Homes Trust, Inc. | $92.6M | — (loss-making) | — | +15.03% (above 0%: growing) | n/m | +51.15% (above 0%: growing) | 100.00% | (28.96%) | Compare |
| CLPR Clipper Realty Inc. | $51.6M | — (loss-making) | — (loss-making) | −1.18% (below 0%: shrinking) | n/m | −68.45% (below 0%: shrinking) | 56.71% | 24.34% | Compare |
| Median of peers | $366.4M | 25.6× | — | +1.73% | — | +51.85% | 85.48% | 16.07% |
Elme Communities (ELME) key facts
- Strength: Elme Communities' revenue for fiscal 2024 (year ended December 2024) was $241.9 million, up 6.15% from fiscal 2023.
- Elme Communities (ELME) is a Reit Residential company in the Real Estate sector, listed on the New York Stock Exchange.
- As of October 16, 2026, ELME traded at $1.76, a market capitalization of $155.5 million.
- Elme Communities pays an annual dividend of $14.67 per share, a yield of 833.5%.
- Return on equity was −1.17% and debt-to-equity 0.78.
- Its Piotroski F-score is 4 out of 9 for fiscal 2024.