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
Pre-Tax 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
Pre-Tax Income Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Pre-Tax Income CAGR 3Y CAGR 5Y CAGR 10Y
Elme Communities
NYSE:ELME
Pre-Tax Income
-$13.2m
CAGR 3-Years
40%
CAGR 5-Years
12%
CAGR 10-Years
-24%
Invitation Homes Inc
NYSE:INVH
Pre-Tax Income
$441.7m
CAGR 3-Years
19%
CAGR 5-Years
30%
CAGR 10-Years
N/A
Essex Property Trust Inc
NYSE:ESS
Pre-Tax Income
$580m
CAGR 3-Years
7%
CAGR 5-Years
5%
CAGR 10-Years
18%
Mid-America Apartment Communities Inc
NYSE:MAA
Pre-Tax Income
$538.1m
CAGR 3-Years
6%
CAGR 5-Years
14%
CAGR 10-Years
19%
Equity Residential
NYSE:EQR
Pre-Tax Income
$967m
CAGR 3-Years
-4%
CAGR 5-Years
5%
CAGR 10-Years
7%
Avalonbay Communities Inc
NYSE:AVB
Pre-Tax Income
$1B
CAGR 3-Years
1%
CAGR 5-Years
1%
CAGR 10-Years
6%
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 Pre-Tax Income?
Pre-Tax Income
-13.2m USD

Based on the financial report for Sep 30, 2024, Elme Communities's Pre-Tax Income amounts to -13.2m USD.

What is Elme Communities's Pre-Tax Income growth rate?
Pre-Tax Income CAGR 10Y
-24%

Over the last year, the Pre-Tax Income growth was 75%. The average annual Pre-Tax Income growth rates for Elme Communities have been 40% over the past three years , 12% over the past five years , and -24% over the past ten years .

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