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NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Elme Communities ELME

17 fiscal years on record · USD · FY2024 reported · SEC filings only
$241.9M
▲ 6.2% YoY
$-13.1M
$95.2M
▲ 12.5% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Elme Communities owns apartment communities in the greater Washington, DC metro and Sunbelt regions. As of February 27, 2026, it owned approximately 2,500 residential apartment homes and approximately 300,000 square feet of commercial space in the Washington, DC metro region, and approximately 200 residential apartment homes in the Atlanta metro region. As of February 27, 2026, the company had 91 employees, including 55 persons engaged in community management functions and 36 persons engaged in corporate, financial, asset management and other functions. Its residential communities are under Elme management, while Stream Realty Partners provides property management and leasing services at its office property, Watergate 600. Elme Communities, formerly known as Washington Real Estate Investment Trust, is a successor to a trust organized in 1960.

Written from the business description in Elme Communities's annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth

USD 241.9M
Revenue, FY2024 · full 17-year series below
Revenue $M Net income $M
FY2024 · Revenue 241.9 · Net income -13.1
150M300M-20M-40M
2008201120142017202020232024
Compound annual growth
+12.7%
+6.5%
−1.7%
−0.4%
−8.5%
−9.7%
−5.0%
−5.7%
−11.2%
−8.0%
−2.3%
−3.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +6.5% a year over the five years to FY2024.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−5 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating 9.7% · Net -5.4%
100%200%
200820162024
ROE
FY2024 · ROE -1.2%
10%20%30%-2%-4%
200820162024
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Each USD of equity lost 1 cents this year.

Cash & shareholders

USD 63.6M
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF 95.2
50M100M
200820162024
Net buybacks $M Dividends $M
FY2024 · Dividends 63.6 · Net buybacks ·
50M100M
200820102012201420162018202020222024

USD 63.6M in dividends went back to shareholders in a year without profit.

Total assetsUSD 1.8B
EquityUSD 1.1B
CashUSD 6.1M
Gross debtUSD 523.0M
Net debtUSD 516.8M

Net debt stands at 48% of equity.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
ELME, 17-year financial record
Metric 20242023202220212020201920182017201620152014201320122011201020092008
Revenue $B0.20.20.20.20.20.20.30.30.30.30.30.30.30.20.30.30.3
Operating income $B0.0−0.0−0.0−0.0−0.00.00.10.00.20.10.10.10.10.00.10.10.1
EBITDA $B0.10.10.10.10.10.20.20.20.30.30.20.20.20.10.20.20.2
Income tax $B◌◌◌◌◌0.00.0−0.0−0.00.00.0◌◌0.0◌◌◌
Net income $B−0.0−0.1−0.00.0−0.00.40.00.00.10.10.10.00.00.10.00.00.0
Free cash flow $B0.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.1
EPS, diluted $−0.15−0.61−0.360.19−0.204.750.320.251.651.311.670.550.351.580.600.710.55
Dividend / sh $0.720.720.680.941.201.201.201.201.201.201.201.201.471.741.731.731.72
Payout %−486−121−192554−63225371466726972214412110291246316
ROE %−1.2−4.4−2.41.2−1.130.92.41.812.710.814.24.82.912.24.75.94.2
Shares out B0.090.090.090.090.080.080.080.080.070.070.070.070.070.070.070.06◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 59 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Two checks were skipped: the balance sheet is not tagged before 2009. Two checks were skipped: cost of revenue is not tagged before 2009. One check was skipped: EPS is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityReal Estate Investment Trusts
Listed onNYSE
Incorporated inMaryland
Fiscal year endsDecember 31
Data on record since2008

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