Washington Real Estate Investment Trust/$ELME

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About Washington Real Estate Investment Trust

Elme Communities is a real estate investment trust engaged in owning and operating properties in the greater Washington DC metropolitan area. The company's real estate portfolio is comprised of office, retail, and multifamily properties located near transportation nodes. Washington REIT derives nearly all of its income in the form of rental revenue from tenants organized into long-term leases. The company's office assets contribute the majority of this income, while the rest is split fairly evenly between its retail and multifamily locations. Washington REIT's tenants are banking, consulting, law, and financial services firms.

Ticker

$ELME

Primary listing

NYSE

Industry

Residential REITs

Employees

255

ELME Metrics

BasicAdvanced
$1.4B
-
-$0.16
1.00
$0.72
4.49%

Bulls say / Bears say

Elme Communities has initiated a formal evaluation of strategic alternatives to maximize shareholder value, including a potential sale, which could lead to a premium buyout offer. (Bisnow)
The company reported a 4.5% increase in same-store multifamily Net Operating Income (NOI) in Q4 2023, indicating strong operational performance. (Markets Insider)
Elme Communities maintains a strong liquidity position with approximately $550 million available as of December 31, 2023, providing financial flexibility for growth initiatives. (Markets Insider)
The company reported a net loss of $3 million in Q4 2024, reflecting ongoing profitability challenges. (Seattle PI)
Elme's Atlanta portfolio faced occupancy challenges due to high supply, which could impact revenue growth in that market. (Markets Insider)
The company's stock has been trading at a discount to its estimated private market value, indicating potential undervaluation concerns. (Bisnow)
Data summarised monthly by Lightyear AI. Last updated on 8 Jul 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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