(ELME) Elme Communities - Overview

Sector: Real Estate | Industry: REIT - Residential | Exchange: NYSE (USA) | Market Cap: 182m USD | Total Return: -86.6% in 12m

Apartments, Commercial Space, Residential Rentals, Multifamily Properties
Total Rating 16
Safety 72
Buy Signal -0.97
REIT - Residential
Industry Rotation: -2.7
Market Cap: 182M
Avg Turnover: 2.62M USD
ATR: 3.36%
Peers RS (IBD): 3.3
Risk 5d forecast
Volatility26.0%
Rel. Tail Risk-20.4%
Reward TTM
Sharpe Ratio-1.15
Alpha-95.85
Character TTM
Beta0.200
Beta Downside0.191
Drawdowns 3y
Max DD88.66%
CAGR/Max DD-0.56
EPS (Earnings per Share) EPS (Earnings per Share) of ELME over the last years for every Quarter: "2021-03": -0.02, "2021-06": -0.08, "2021-09": -0.02, "2021-12": -0.07, "2022-03": -0.09, "2022-06": -0.1, "2022-09": -0.12, "2022-12": -0.04, "2023-03": -0.04, "2023-06": -0.03, "2023-09": -0.02, "2023-12": -0.04, "2024-03": -0.04, "2024-06": -0.03, "2024-09": -0.03, "2024-12": -0.03, "2025-03": -0.05, "2025-06": -0.04, "2025-09": -1.4, "2025-12": -0.25, "2026-03": 0,
EPS CAGR: 1.99%
EPS Trend: -31.4%
Last SUE: 0.00
Qual. Beats: 0
Revenue Revenue of ELME over the last years for every Quarter: 2021-03: 40.607, 2021-06: 41.297, 2021-09: 42.499, 2021-12: 44.748, 2022-03: 47.804, 2022-06: 51.38, 2022-09: 54.603, 2022-12: 55.593, 2023-03: 55.809, 2023-06: 56.599, 2023-09: 56.651, 2023-12: 58.852, 2024-03: 59.513, 2024-06: 60.103, 2024-09: 61.055, 2024-12: 61.264, 2025-03: 61.493, 2025-06: 62.099, 2025-09: 62.103, 2025-12: -185.695, 2026-03: null,
Rev. CAGR: -62.72%
Rev. Trend: -39.7%
Last SUE: 0.04
Qual. Beats: 0

Warnings

High Debt/EBITDA (18.4) with thin interest coverage (-1.2)

Interest Coverage Ratio -1.2 is critical

Altman Z'' -1.49 < 1.0 - financial distress zone

Tailwinds

No distinct edge detected

Description: ELME Elme Communities

Elme Communities (NYSE: ELME) is a multifamily REIT focused on delivering higher-quality, service-driven rental experiences for middle-income tenants. The firm owns and operates roughly 9,400 apartment units across the Washington, DC and Atlanta metro areas, complemented by about 300,000 sq ft of commercial space.

As of Q2 2024, ELME reported an occupancy rate of 96.2% and a 12-month trailing FFO growth of 8.1%, driven by a 4.3% year-over-year increase in average rent per unit. The company’s net operating income (NOI) rose to $210 million, and its debt-to-EBITDA ratio improved to 3.1×, reflecting disciplined balance-sheet management.

The multifamily sector remains buoyed by strong demographic trends: the DC-Metro area saw a 2.5% population increase in 2023, while Atlanta’s job market added over 45,000 new positions, both fueling rental demand. Limited new supply and tightening construction pipelines are further supporting rent growth, even as the Federal Reserve’s higher interest rates modestly pressure cap-rate compression.

For a deeper quantitative view, you might explore ValueRay’s analyst tools.

Headlines to Watch Out For
  • DC metro apartment demand impacts rental income
  • Atlanta metro occupancy rates drive revenue growth
  • Interest rate hikes increase borrowing costs
  • Regulatory changes affect development timelines
  • Commercial property vacancies reduce overall income
Piotroski VR‑10 (Strict) 0.0
Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM)
FCF/TA: 0.03 > 0.02 and ΔFCF/TA -2.21 > 1.0
NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev)
CFO/TA 0.03 > 3% & CFO 62.2m > Net Income -154.2m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 1.02 > 1.5 & < 3
Outstanding Shares: last quarter (88.1m) vs 12m ago 0.20% < -2%
Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin)
Asset Turnover: 0.0% > 50% (prev 13.11%; Δ -13.11% > 0%)
Interest Coverage Ratio: -1.21 > 6 (EBITDA TTM -44.0m / Interest Expense TTM 101.1m)
Altman Z'' -1.49
A: 0.01 (Total Current Assets 1.33b - Total Current Liabilities 1.31b) / Total Assets 2.11b
B: -0.39 (Retained Earnings -825.7m / Total Assets 2.11b)
C: -0.06 (EBIT TTM -122.2m / Avg Total Assets 1.98b)
D: 0.13 (Book Value of Equity 238.9m / Total Liabilities 1.88b)
Altman-Z'' Score: -1.49 = CCC
What is the price of ELME shares? As of April 08, 2026, the stock is trading at USD 2.02 with a total of 492,362 shares traded.
Over the past week, the price has changed by +0.50%, over one month by -6.05%, over three months by -88.34% and over the past year by -86.55%.
Is ELME a buy, sell or hold? Elme Communities has received a consensus analysts rating of 3.40. Therefor, it is recommend to hold ELME.
  • StrongBuy: 1
  • Buy: 0
  • Hold: 4
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the ELME price?
Analysts Target Price 18 791.1%
Elme Communities (ELME) - Fundamental Data Overview as of 04 April 2026
P/E Forward = 43.4783
P/S = 0.7356
P/B = 0.7521
P/EG = 43.4896
Revenue TTM = 0.0 USD
EBIT TTM = -122.2m USD
EBITDA TTM = -44.0m USD
Long Term Debt = 520.0m USD (from longTermDebt, last quarter)
Short Term Debt = 709.3m USD (from shortTermDebt, two quarters ago)
Debt = 520.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -811.9m USD (from netDebt column, last quarter)
Enterprise Value = 182.2m USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = -1.21 (Ebit TTM -122.2m / Interest Expense TTM 101.1m)
EV/FCF = 2.93x (Enterprise Value 182.2m / FCF TTM 62.2m)
FCF Yield = 34.17% (FCF TTM 62.2m / Enterprise Value 182.2m)
 FCF Margin = unknown (Revenue TTM is 0 or missing)
 Net Margin = unknown
 Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 76.6m) / Revenue TTM)
 Tobins Q-Ratio = 0.09 (Enterprise Value 182.2m / Total Assets 2.11b)
Interest Expense / Debt = 6.65% (Interest Expense 34.6m / Debt 520.0m)
Taxrate = 21.0% (US default 21%)
NOPAT = -96.5m (EBIT -122.2m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.02 (Total Current Assets 1.33b / Total Current Liabilities 1.31b)
Debt / Equity = 2.18 (Debt 520.0m / totalStockholderEquity, last quarter 238.9m)
 Debt / EBITDA = 18.43 (negative EBITDA) (Net Debt -811.9m / EBITDA -44.0m)
 Debt / FCF = -13.04 (Net Debt -811.9m / FCF TTM 62.2m)
Total Stockholder Equity = 814.2m (last 4 quarters mean from totalStockholderEquity)
RoA = -7.79% (Net Income -154.2m / Total Assets 2.11b)
RoE = -18.93% (Net Income TTM -154.2m / Total Stockholder Equity 814.2m)
RoCE = -9.16% (EBIT -122.2m / Capital Employed (Equity 814.2m + L.T.Debt 520.0m))
 RoIC = -6.83% (negative operating profit) (NOPAT -96.5m / Invested Capital 1.41b)
 WACC = 5.62% (E(182.2m)/V(702.2m) * Re(6.68%) + D(520.0m)/V(702.2m) * Rd(6.65%) * (1-Tc(0.21)))
Discount Rate = 6.68% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 100.0 | Cagr: 0.17%
[DCF] Terminal Value 86.09% ; FCFF base≈75.4m ; Y1≈73.6m ; Y5≈74.4m
[DCF] Fair Price = 34.07 (EV 2.22b - Net Debt -811.9m = Equity 3.03b / Shares 88.9m; r=6.0% [WACC]; 5y FCF grow -3.46% → 3.0% )
EPS Correlation: -31.38 | EPS CAGR: 1.99% | SUE: 0.0 | # QB: 0
Revenue Correlation: -39.69 | Revenue CAGR: -62.72% | SUE: 0.04 | # QB: 0
EPS current Year (2026-12-31): EPS=-0.11 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=+0 | Growth EPS=+93.8% | Growth Revenue=+0.0%
EPS next Year (2027-12-31): EPS=-0.08 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=+0 | Growth EPS=+28.5% | Growth Revenue=+0.0%
External Resources
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