(ELME) Elme Communities - Ratings and Ratios

Elme Communities, a Maryland-based real estate investment trust (REIT), operates as a self-administered equity REIT under Sections 856-860 of the Internal Revenue Code of 1986. Formerly known as Washington Real Estate Investment Trust, the company has a legacy dating back to 1960. Its primary focus is on owning and managing apartment communities, with a geographic concentration in the Washington, D.C. metro area and the Sunbelt region. As of December 31, 2024, the portfolio comprised 28 apartment communities and one office property, reflecting a strategic shift in asset composition. The companys transition to the Elme Communities name underscores its repositioning in the multifamily residential sector, emphasizing a modern approach to housing and community development.

From a technical perspective, ELME stock has shown mixed trends, with the 20-day SMA at 15.44 slightly below the last price of 15.91, while the 50-day and 200-day SMAs at 16.43 and 16.22, respectively, suggest longer-term support. The ATR of 0.48 indicates moderate price volatility. Fundamentally, the companys market cap of $1.3788 billion reflects its scale, while the P/B ratio of 1.27 points to a valuation aligned with book value. However, the negative return on equity (-1.21) and the absence of P/E ratios raise questions about profitability. The P/S ratio of 5.70 highlights revenue generation relative to market value.