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
Operating Income

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
Operating Income Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Operating Income CAGR 3Y CAGR 5Y CAGR 10Y
Elme Communities
NYSE:ELME
Operating Income
$23.4m
CAGR 3-Years
78%
CAGR 5-Years
-9%
CAGR 10-Years
-10%
Invitation Homes Inc
NYSE:INVH
Operating Income
$730.8m
CAGR 3-Years
12%
CAGR 5-Years
11%
CAGR 10-Years
N/A
Essex Property Trust Inc
NYSE:ESS
Operating Income
$529.2m
CAGR 3-Years
12%
CAGR 5-Years
2%
CAGR 10-Years
8%
Mid-America Apartment Communities Inc
NYSE:MAA
Operating Income
$671.2m
CAGR 3-Years
15%
CAGR 5-Years
10%
CAGR 10-Years
12%
Equity Residential
NYSE:EQR
Operating Income
$896.2m
CAGR 3-Years
13%
CAGR 5-Years
0%
CAGR 10-Years
0%
Avalonbay Communities Inc
NYSE:AVB
Operating Income
$915.7m
CAGR 3-Years
16%
CAGR 5-Years
2%
CAGR 10-Years
5%
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 Operating Income?
Operating Income
23.4m USD

Based on the financial report for Sep 30, 2024, Elme Communities's Operating Income amounts to 23.4m USD.

What is Elme Communities's Operating Income growth rate?
Operating Income CAGR 10Y
-10%

Over the last year, the Operating Income growth was -5%. The average annual Operating Income growth rates for Elme Communities have been 78% over the past three years , -9% over the past five years , and -10% over the past ten years .

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