(ELME) Elme Communities - Overview

Sector: Real Estate | Industry: REIT - Residential | Exchange: NYSE (USA) | Market Cap: 179m USD | Total Return: -86.8% in 12m

Apartments, Rental Housing, Commercial Space
Total Rating 29
Safety 78
Buy Signal -0.08
REIT - Residential
Industry Rotation: +7.3
Market Cap: 179M
Avg Turnover: 2.11M
Risk 3d forecast
Volatility25.4%
VaR 5th Pctl3.82%
VaR vs Median-11.0%
Reward TTM
Sharpe Ratio-1.15
Rel. Str. IBD0.3
Rel. Str. Peer Group3.8
Character TTM
Beta0.178
Beta Downside0.169
Hurst Exponent0.482
Drawdowns 3y
Max DD88.66%
CAGR/Max DD-0.53
CAGR/Mean DD-2.64

Warnings

Interest Coverage Ratio -1.2 is critical

Tailwinds

No distinct edge detected

Description: ELME Elme Communities

Elme Communities (NYSE: ELME) is a residential Real Estate Investment Trust (REIT) focused on the acquisition and management of multifamily apartment communities. The companys portfolio consists of approximately 9,400 apartment units concentrated in the Washington, D.C. and Atlanta metropolitan areas, supplemented by 300,000 square feet of commercial space.

The company operates within the workforce housing niche, targeting middle-income renters who seek quality housing at price points below luxury tiers. As a REIT, Elme is required by law to distribute at least 90% of its taxable income to shareholders in the form of dividends, making portfolio occupancy and rental growth key drivers of investor returns.

Investors can evaluate the company’s underlying valuation and dividend sustainability by reviewing the latest data on ValueRay. Given the regional concentration in the Mid-Atlantic and Southeast, the companys performance is closely tied to the job market stability and population migration trends within those specific geographic corridors.

Headlines to Watch Out For
  • Sunbelt migration trends and job growth drive Atlanta portfolio rental income
  • Interest rate fluctuations impact debt refinancing costs and AFFO per share
  • Washington DC federal employment stability anchors occupancy rates and base rents
  • Middle-income housing demand resilience offsets rising property taxes and insurance premiums
  • Capital recycling from commercial assets into multifamily acquisitions boosts long-term valuation
Piotroski VR‑10 (Strict) 2.5
Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM)
FCF/TA: 0.11 > 0.02 and ΔFCF/TA 5.43 > 1.0
NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev)
CFO/TA 0.11 > 3% & CFO 62.2m > Net Income -154.2m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 0.03 > 1.5 & < 3
Outstanding Shares: last quarter (88.1m) vs 12m ago 0.0% < -2%
Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin)
Asset Turnover: 0.0% > 50% (prev 13.35%; Δ -13.35% > 0%)
Interest Coverage Ratio: -1.21 > 6 (EBITDA TTM -44.0m / Interest Expense TTM 101.1m)
What is the price of ELME shares? As of May 23, 2026, the stock is trading at USD 2.02 with a total of 405,816 shares traded.
Over the past week, the price has changed by +1.00%, over one month by -2.40%, over three months by -6.45% and over the past year by -86.79%.
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 20 May 2026
P/E Forward = 43.4783
P/S = 0.7212
P/B = 0.7819
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 fiscal year)
 Short Term Debt = unknown (none)
 Debt = 520.0m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 480.7m USD (calculated: Debt 520.0m - CCE 39.3m)
Enterprise Value = 659.3m USD (178.6m + Debt 520.0m - CCE 39.3m)
Interest Coverage Ratio = -1.21 (Ebit TTM -122.2m / Interest Expense TTM 101.1m)
EV/FCF = 10.60x (Enterprise Value 659.3m / FCF TTM 62.2m)
FCF Yield = 9.43% (FCF TTM 62.2m / Enterprise Value 659.3m)
 FCF Margin = unknown (Revenue TTM is 0 or missing)
 Net Margin = unknown
 Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 74.4m) / Revenue TTM)
 Tobins Q-Ratio = 1.13 (Enterprise Value 659.3m / Total Assets 585.2m)
Interest Expense / Debt = 1.82% (Interest Expense 9.46m / Debt 520.0m)
Taxrate = 21.0% (US default 21%)
NOPAT = -96.5m (EBIT -122.2m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.03 (Total Current Assets 39.3m / Total Current Liabilities 1.31b)
Debt / Equity = 2.55 (Debt 520.0m / totalStockholderEquity, last quarter 203.9m)
 Debt / EBITDA = -10.91 (negative EBITDA) (Net Debt 480.7m / EBITDA -44.0m)
 Debt / FCF = 7.73 (Net Debt 480.7m / FCF TTM 62.2m)
Total Stockholder Equity = 599.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -12.78% (Net Income -154.2m / Total Assets 585.2m)
RoE = -25.72% (Net Income TTM -154.2m / Total Stockholder Equity 599.5m)
RoCE = -10.92% (EBIT -122.2m / Capital Employed (Equity 599.5m + L.T.Debt 520.0m))
 RoIC = 12.61% (negative operating profit) (NOPAT -96.5m / Invested Capital -765.8m)
 WACC = 2.76% (E(178.6m)/V(698.6m) * Re(6.61%) + D(520.0m)/V(698.6m) * Rd(1.82%) * (1-Tc(0.21)))
Discount Rate = 6.61% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares (quarterly) Correlation: 71.91 | Cagr: 0.14%
[DCF] Terminal Value 86.09% ; FCFF base≈75.3m ; Y1≈73.5m ; Y5≈74.2m
[DCF] Fair Price = 19.47 (EV 2.21b - Net Debt 480.7m = Equity 1.73b / Shares 88.9m; r=6.0% [WACC]; 5y FCF grow -3.50% → 3.0% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: -47.70 | Revenue CAGR: -99.63% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=-0.11 | Chg30d=+0.00% | Revisions=N/A | GrowthEPS=+93.8% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=-0.08 | Chg30d=+0.00% | Revisions=N/A | GrowthEPS=+28.5% | GrowthRev=+0.0%