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

Employees

255

ELME Metrics

BasicAdvanced
$1.5B
-
-$1.53
1.02
$0.72
4.32%

Bulls say / Bears say

Elme has arranged to sell a 19-property portfolio to Cortland Partners for $1.6 billion in cash, ensuring immediate liquidity and supporting distributions of $14.50–$14.82 per share from the Cortland sale and another $2.90–$3.50 per share from the assets it keeps (Reuters)
The stock climbed 9% in premarket trading following the sale news, showing strong market support for ELME’s liquidation plan and indicating room for near-term gains (Reuters)
The expected closing date for the Cortland deal in Q4 2025 gives shareholders a defined timeline for partial capital return, which lowers the risk of delays in the wind-down (Reuters)
The move to voluntary liquidation signals management's lack of confidence in maintaining ongoing operations, suggesting there is limited potential for further upside from ELME's remaining assets (Reuters)
Even as some markets push return-to-office requirements, investment into office properties remains low amid high financing costs and market uncertainty, which may make it difficult for ELME to achieve attractive terms when selling its remaining holdings (Reuters)
Elme’s withdrawal of its 2025 financial forecast points to less visibility on both distribution timing and amounts, increasing uncertainty about what the remaining portfolio is really worth (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 9 Oct 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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