Elme Communities (ELME)

The past six months have been marked by strategic and financial developments for Elme Communities. On October 23, 2025, the company reported a net loss of $123.5 million for the third quarter of 2025. Core funds from operations (FFO) slightly decreased from $0.23 to $0.22 per diluted share. The company experienced a 1.8% decline in same-store multifamily net operating income (NOI), although average monthly rent per home increased by 1.1%. Occupancy fell to 94.4%, down 0.8% year-over-year. In August 2025, a plan for the sale and liquidation of the company was announced, including the sale of 19 multifamily communities for approximately $1.6 billion to an affiliate of Cortland Partners, LLC, pending shareholder approval on October 30, 2025. The company also recognized an impairment charge of $111.7 million related to several properties not included in the portfolio sale. Analyst price targets for ELME in the last six months have a median of $18.00, with individual targets ranging from $2.00 to $18.00. The stock price fell by 1.54% on October 24, 2025, closing at $16.65, and has seen a 0.3% increase over the past two weeks. A "Golden Star Signal" was observed in the long-term chart on May 28, 2025. The company paid a quarterly dividend of $0.18 per share, but no future dividends are planned if the liquidation is approved.

Elme Communities' demand seasonality is generally influenced by broader real estate market trends. The real estate market typically experiences predictable seasonal cycles. Buyer interest and competition, and consequently demand for housing, often peak during the spring and summer months. Conversely, the fall and winter months usually see a slowdown in market activity. Seasonality can vary by location, and factors like local climate and lifestyle considerations can influence these trends.

Elme Communities (ELME) is a multifamily real estate investment trust (REIT) focused on owning and operating apartment homes, providing quality, affordable housing to middle-income renters. The company operates within the Real Estate sector, specifically in the Residential REITs industry, with apartment homes as its major product, and a smaller portion of commercial space. Elme Communities has shifted its focus from retail and office properties to multifamily assets.

Elme Communities primarily operates in the Washington, D.C. and Atlanta metropolitan areas. Approximately 75% of its 9,400 apartment homes are in the D.C. metro area, with the remaining 25% in Atlanta. The company also owns approximately 300,000 square feet of commercial space and targets dynamic Sunbelt markets with diverse, innovative industries.

Direct information regarding Elme Communities' brand reputation or specific reputation events in the past year is not readily available. The news primarily focuses on financial performance, strategic business decisions, and stock market activities.

Institutional investors and hedge funds hold a significant portion of Elme Communities' stock, with 87.88% owned by these entities, while insider ownership stands at 1.38%. Allspring Global Investments Holdings LLC removed shares in Q3 2025 but grew holdings in Q2. CENTERSQUARE INVESTMENT MANAGEMENT LLC added shares in Q2 2025. FMR LLC removed shares in Q2 2025. Nuveen, LLC added shares in Q2 2025 and acquired a new stake in Q1. Alyeska Investment Group, L.P. added shares in Q2 2025. Public Sector Pension Investment Board boosted its stake in Q2. CANADA LIFE ASSURANCE Co grew its holdings in Q2. Caxton Associates LLP purchased a new position in Q2. Cbre Investment Management Listed Real Assets LLC grew holdings in Q1. Northern Trust Corp grew holdings in Q1. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew holdings in Q1. Allianz Asset Management GmbH lessened its holdings in Q2. Key executives and their stock holdings include Paul T. McDermott, Steven M. Freishtat, Tiffany Michelle Butcher, Susan Lilly Gerock, and W. Drew Hammond.