MARKETS / NYSE / ELME

NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Elme Communities ELME

17 fiscal years on record · USD · FY2024 reported · SEC filings only

Revenue

$241.9M

▲ 6.2% YoY

Net income

$-13.1M

Free cash flow

$95.2M

▲ 12.5% YoY

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

Compound annual growth

Revenue

+12.7%

+6.5%

−1.7%

−0.4%

Dividend / share

−8.5%

−9.7%

−5.0%

−5.7%

Returned to shareholders

−11.2%

−8.0%

−2.3%

−3.0%

3 yrs

5 yrs

10 yrs

15 yrs

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

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%

ROE

FY2024 · ROE -1.2%

Gross margin63.3%

Operating margin9.7%

Net margin-5.4%

Return on assets-0.7%

EBITDAUSD 119.4M

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

Net buybacks $M Dividends $M

FY2024 · Dividends 63.6 · Net buybacks —

Dividends paidUSD 63.6M

Net buybacks—

Share of profit-485.7%

Consecutive raises—

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	0.2	0.2	0.2	0.2	0.2	0.2	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.2	0.3	0.3	0.3
Operating income $B	0.0	−0.0	−0.0	−0.0	−0.0	0.0	0.1	0.0	0.2	0.1	0.1	0.1	0.1	0.0	0.1	0.1	0.1
EBITDA $B	0.1	0.1	0.1	0.1	0.1	0.2	0.2	0.2	0.3	0.3	0.2	0.2	0.2	0.1	0.2	0.2	0.2
Income tax $B	·	·	·	·	·	0.0	0.0	−0.0	−0.0	0.0	0.0	·	·	0.0	·	·	·
Net income $B	−0.0	−0.1	−0.0	0.0	−0.0	0.4	0.0	0.0	0.1	0.1	0.1	0.0	0.0	0.1	0.0	0.0	0.0
Free cash flow $B	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
EPS, diluted $	−0.15	−0.61	−0.36	0.19	−0.20	4.75	0.32	0.25	1.65	1.31	1.67	0.55	0.35	1.58	0.60	0.71	0.55
Dividend / sh $	0.72	0.72	0.68	0.94	1.20	1.20	1.20	1.20	1.20	1.20	1.20	1.20	1.47	1.74	1.73	1.73	1.72
Payout %	−486	−121	−192	554	−632	25	371	466	72	69	72	214	412	110	291	246	316
ROE %	−1.2	−4.4	−2.4	1.2	−1.1	30.9	2.4	1.8	12.7	10.8	14.2	4.8	2.9	12.2	4.7	5.5	·
Shares out B	0.09	0.09	0.09	0.09	0.08	0.08	0.08	0.08	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.06	·

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

Provenance

Company facts, as filed

How we verify · 0 failures in 59 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 9 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityReal Estate Investment Trusts

Listed onNYSE

Incorporated inMaryland

Fiscal year endsDecember 31

Data on record since2008