Elme Communities
NYSE:ELME

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Elme Communities
NYSE:ELME
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Price: 14.86 USD -0.93% Market Closed
Market Cap: 1.3B USD
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Elme Communities
Net Income (Common)

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
Net Income (Common) Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Net Income (Common) CAGR 3Y CAGR 5Y CAGR 10Y
Elme Communities
NYSE:ELME
Net Income (Common)
-$13.5m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Invitation Homes Inc
NYSE:INVH
Net Income (Common)
$439.6m
CAGR 3-Years
20%
CAGR 5-Years
30%
CAGR 10-Years
N/A
Essex Property Trust Inc
NYSE:ESS
Net Income (Common)
$549.5m
CAGR 3-Years
7%
CAGR 5-Years
5%
CAGR 10-Years
18%
Mid-America Apartment Communities Inc
NYSE:MAA
Net Income (Common)
$517.5m
CAGR 3-Years
7%
CAGR 5-Years
15%
CAGR 10-Years
17%
Equity Residential
NYSE:EQR
Net Income (Common)
$924.9m
CAGR 3-Years
-4%
CAGR 5-Years
3%
CAGR 10-Years
6%
Avalonbay Communities Inc
NYSE:AVB
Net Income (Common)
$1B
CAGR 3-Years
1%
CAGR 5-Years
1%
CAGR 10-Years
3%
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
12.27 USD
Overvaluation 17%
Intrinsic Value
Price

See Also

What is Elme Communities's Net Income (Common)?
Net Income (Common)
-13.5m USD

Based on the financial report for Sep 30, 2024, Elme Communities's Net Income (Common) amounts to -13.5m USD.

What is Elme Communities's Net Income (Common) growth rate?
Net Income (Common) CAGR 1Y
75%

Over the last year, the Net Income (Common) growth was 75%.

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