Elme Communities
NYSE:ELME

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Elme Communities
NYSE:ELME
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Price: 14.665 USD -1.31% Market Closed
Market Cap: 1.3B USD
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Elme Communities
Other Items

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Elme Communities
Other Items Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Other Items CAGR 3Y CAGR 5Y CAGR 10Y
Elme Communities
NYSE:ELME
Other Items
$3.9m
CAGR 3-Years
-84%
CAGR 5-Years
-63%
CAGR 10-Years
-38%
Invitation Homes Inc
NYSE:INVH
Other Items
$335.6m
CAGR 3-Years
13%
CAGR 5-Years
-16%
CAGR 10-Years
N/A
Essex Property Trust Inc
NYSE:ESS
Other Items
-$36.1m
CAGR 3-Years
N/A
CAGR 5-Years
27%
CAGR 10-Years
23%
Mid-America Apartment Communities Inc
NYSE:MAA
Other Items
$20.1m
CAGR 3-Years
-50%
CAGR 5-Years
10%
CAGR 10-Years
-25%
Equity Residential
NYSE:EQR
Other Items
$446.2m
CAGR 3-Years
-31%
CAGR 5-Years
-10%
CAGR 10-Years
2%
Avalonbay Communities Inc
NYSE:AVB
Other Items
$487.8m
CAGR 3-Years
-24%
CAGR 5-Years
-11%
CAGR 10-Years
24%
No Stocks Found

Elme Communities
Glance View

Market Cap
1.3B USD
Industry
Real Estate

Elme Communities, previously known as Washington Real Estate Investment Trust, has carved a niche for itself in the real estate sector by focusing on residential properties primarily within the Washington D.C., Maryland, and Virginia markets. This transition stems from a strategic pivot to consolidate its portfolio toward multifamily housing, which exhibits more stable demand and growth prospects compared to its earlier, more diversified asset mix that included commercial properties. The company generates revenue primarily through rental income from these residential units. By owning and operating around 9,000 apartment units, Elme Communities ensures a consistent and predictable income stream, augmented by its strategic acquisitions and the development of properties in high-demand locality, targeting the region's relatively affluent and stable tenant base. Elme Communities’ business model emphasizes aggressive property management and value enhancements to drive occupancy rates and competitive lease pricing, leveraging the geographic region's economic growth and housing demand. Their leadership team focuses on deploying capital into strategic renovations and smart community integrations, ranging from technology upgrades to eco-friendly amenities, enhancing the living experience and, consequently, rental yields. This focus not only increases property value but also strengthens tenant retention — a core component in maintaining steady cash flow and ensuring long-term asset appreciation. As such, Elme Communities derives its success from a keen understanding of market dynamics and a sharp execution of property management that aligns with evolving tenant expectations and regional demographic trends.

ELME Intrinsic Value
12.298 USD
Overvaluation 16%
Intrinsic Value
Price

See Also

What is Elme Communities's Other Items?
Other Items
3.9m USD

Based on the financial report for Sep 30, 2024, Elme Communities's Other Items amounts to 3.9m USD.

What is Elme Communities's Other Items growth rate?
Other Items CAGR 10Y
-38%

The average annual Other Items growth rates for Elme Communities have been -84% over the past three years , -63% over the past five years , and -38% over the past ten years .

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