| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/21/2024 | Peer Perform | Wolfe Research | |
| 12/18/2023 | $16.00 → $18.00 | Neutral → Overweight | JP Morgan |
WASHINGTON, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Elme Communities (NYSE:ELME), a value-oriented multifamily owner and operator, announced today the appointment of Susan Carras as an independent director to the Board of Trustees. Her appointment expands the company's Board to seven members and increases female representation among independent trustees to 50%. "We are pleased to welcome Susan to Elme's Board," said Paul T. McDermott, Chairman and Chief Executive Officer. "Susan is a highly accomplished leader in the real estate industry. She brings extensive multifamily debt and equity transaction experience that will greatly benefit our Board and Company. We look forward to working with Susa
WASHINGTON, June 28, 2023 (GLOBE NEWSWIRE) -- Elme Communities (NYSE:ELME), a value-oriented multifamily owner and operator, is pleased to announce the appointment of Tiffany Butcher as Executive Vice President and Chief Operating Officer (COO), beginning July 10, 2023. Ms. Butcher will join Elme with more than 12 years of corporate leadership experience and brings with her an extensive background in residential asset management, property management, budgeting and forecasting, investment management, and organizational change management. As COO, she will guide the company's operating strategy, advance and implement operational improvements and align the day-to-day operations and asset mana
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4 - Elme Communities (0000104894) (Issuer)
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Wolfe Research initiated coverage of Elme Communities with a rating of Peer Perform
JP Morgan upgraded Elme Communities from Neutral to Overweight and set a new price target of $18.00 from $16.00 previously
BETHESDA, Md., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the "Company") (NYSE:ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter ended September 30, 2024: Financial Results Net loss was $3.0 million, or $0.03 per diluted shareNAREIT FFO was $20.5 million, or $0.23 per diluted shareCore FFO was $20.7 million, or $0.23 per diluted shareNet Operating Income (NOI) was $38.8 million Operational Highlights Same-store multifamily NOI increased by 2.3% compared to the prior year quarterEffective blended Lease Rate Growth was 2.1% for our Same-Store Portfolio du
BETHESDA, Md., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Elme Communities ("Elme") (NYSE:ELME), a value-oriented multifamily owner and operator, will release third quarter earnings results after market close on Monday, November 4, 2024. A conference call to discuss these results will be conducted on Tuesday, November 5, 2024, at 10:00 am ET. There will also be a webcast presentation with slides. Conference call and webcast access information is as follows: USA Toll Free Number:888-506-0062International Toll Number:973-528-0011Entry Code848746Webcast:ir.elmecommunities.com Instant replay of the conference call will be available until Tuesday, November 19, 2024, at 11:59 pm ET. Instant replay acce
BETHESDA, Md., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the "Company") (NYSE:ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter ended June 30, 2024: Financial Results Net loss was $3.5 million, or $0.04 per diluted shareNAREIT FFO was $20.4 million, or $0.23 per diluted shareCore FFO was $20.5 million, or $0.23 per diluted shareNet Operating Income (NOI) was $38.1 million Operational Highlights Same-store multifamily NOI increased by 1.3% compared to the prior year periodEffective blended Lease Rate Growth increased to 3.2% for our Same-Store Portfolio during
BETHESDA, Md., July 11, 2024 (GLOBE NEWSWIRE) -- Elme Communities (NYSE:ELME), a multifamily owner and operator, announced today that it has entered into a new $500 million credit facility to replace the prior revolving credit facility which had been due to mature in August 2025. The new credit facility has a four-year term ending on July 10, 2028, and includes two 6-month maturity extension options and an accordion feature which provides an additional $500 million of capacity on the facility. The initial interest rate is based on adjusted daily SOFR plus a margin of 85 basis points (which is subject to change based on Elme's credit ratings). "We are pleased with the successful completi
BETHESDA, Md., June 24, 2024 (GLOBE NEWSWIRE) -- Elme Communities ("Elme") (NYSE:ELME), a value-oriented multifamily owner and operator, will release second quarter earnings results after market close on Thursday, August 1, 2024. A conference call to discuss these results will be conducted on Friday, August 2, 2024, at 10:00 am ET. There will also be a live, listen-only webcast presentation. Conference call and webcast access information is as follows: USA Toll Free Number:888-506-0062International Toll Number:973-528-0011Entry Code222443Webcast:ir.elmecommunities.com Instant replay of the conference call will be available until Friday, August 16, 2024, at 11:59 pm ET. Instant replay acc
BETHESDA, Md., May 01, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the "Company") (NYSE:ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter ended March 31, 2024: Financial Results Net loss was $3.6 million, or $0.04 per diluted shareNAREIT FFO was $21.3 million, or $0.24 per diluted share, up 20% compared to the prior year period due primarily to additional payments received with respect to easements previously conveyedCore FFO was $19.9 million, or $0.23 per diluted share, down 4% compared to the prior year periodNet Operating Income (NOI) was $37.8 million, up 4% compared t
BETHESDA, Md., March 26, 2024 (GLOBE NEWSWIRE) -- Elme Communities ("Elme") (NYSE:ELME), a value-oriented multifamily owner and operator, will release first quarter earnings results after market close on Wednesday, May 1, 2024. A conference call to discuss these results will be conducted on Thursday, May 2, 2024, at 9:00 am ET. There will also be a live, listen-only webcast presentation. Conference call and webcast access information is as follows: USA Toll Free Number:877-545-0523International Toll Number:973-528-0016Entry Code504503Webcast:ir.elmecommunities.com Instant replay of the conference call will be available until Thursday, May 16, 2024, at 12:00 am ET. Instant replay access inf
BETHESDA, Md., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the "Company") (NYSE:ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter and year ended December 31, 2023: Full-Year 2023 Financial and Operational Results Net loss was $53.0 million, or $0.61 per diluted shareNAREIT FFO was $77.8 million, or $0.88 per diluted share, up 27.9% compared to the prior yearCore FFO was $85.2 million, or $0.97 per diluted share, up 10.2% compared to the prior yearNet Operating Income (NOI) was $148.1 million, up 9.4% compared to the prior yearSame-store multifamily NOI increase
BETHESDA, Md., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Elme Communities (NYSE:ELME) announced the income tax treatment of its 2023 dividend distributions. This information represents final income allocations. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Elme Communities dividend distributions. Beginning in 2018, Ordinary Taxable Income Per Share is equal to the 199A dividend that was created by the 2017 Tax Cuts and Jobs Act. Dividend Paid DateGrossDistribution Per ShareOrdinary TaxableIncome Per ShareSection 199ADividends Per Share(Return of Capital) Non-TaxableDistribution Per Share1/5/2023$0.17000 $0.05660 $0.05660 $0.11340 4/5/
BETHESDA, Md., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Elme Communities ("Elme") (NYSE:ELME), a value-oriented multifamily owner and operator, will release fourth quarter earnings results after market close on Thursday, February 15, 2024. A conference call to discuss these results will be conducted on Friday, February 16, 2024, at 10:00 am ET. There will also be a live, listen-only webcast presentation. Conference call and webcast access information is as follows: USA Toll Free Number:888-506-0062International Toll Number:973-528-0011Entry Code558089Webcast:ir.elmecommunities.com Instant replay of the conference call will be available until Friday, March 01, 2024, at 12:00 am ET. Instant replay
BETHESDA, Md., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the "Company") (NYSE:ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter ended September 30, 2024: Financial Results Net loss was $3.0 million, or $0.03 per diluted shareNAREIT FFO was $20.5 million, or $0.23 per diluted shareCore FFO was $20.7 million, or $0.23 per diluted shareNet Operating Income (NOI) was $38.8 million Operational Highlights Same-store multifamily NOI increased by 2.3% compared to the prior year quarterEffective blended Lease Rate Growth was 2.1% for our Same-Store Portfolio du
BETHESDA, Md., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Elme Communities ("Elme") (NYSE:ELME), a value-oriented multifamily owner and operator, will release third quarter earnings results after market close on Monday, November 4, 2024. A conference call to discuss these results will be conducted on Tuesday, November 5, 2024, at 10:00 am ET. There will also be a webcast presentation with slides. Conference call and webcast access information is as follows: USA Toll Free Number:888-506-0062International Toll Number:973-528-0011Entry Code848746Webcast:ir.elmecommunities.com Instant replay of the conference call will be available until Tuesday, November 19, 2024, at 11:59 pm ET. Instant replay acce
BETHESDA, Md., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the "Company") (NYSE:ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter ended June 30, 2024: Financial Results Net loss was $3.5 million, or $0.04 per diluted shareNAREIT FFO was $20.4 million, or $0.23 per diluted shareCore FFO was $20.5 million, or $0.23 per diluted shareNet Operating Income (NOI) was $38.1 million Operational Highlights Same-store multifamily NOI increased by 1.3% compared to the prior year periodEffective blended Lease Rate Growth increased to 3.2% for our Same-Store Portfolio during
BETHESDA, Md., June 24, 2024 (GLOBE NEWSWIRE) -- Elme Communities ("Elme") (NYSE:ELME), a value-oriented multifamily owner and operator, will release second quarter earnings results after market close on Thursday, August 1, 2024. A conference call to discuss these results will be conducted on Friday, August 2, 2024, at 10:00 am ET. There will also be a live, listen-only webcast presentation. Conference call and webcast access information is as follows: USA Toll Free Number:888-506-0062International Toll Number:973-528-0011Entry Code222443Webcast:ir.elmecommunities.com Instant replay of the conference call will be available until Friday, August 16, 2024, at 11:59 pm ET. Instant replay acc
BETHESDA, Md., May 01, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the "Company") (NYSE:ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter ended March 31, 2024: Financial Results Net loss was $3.6 million, or $0.04 per diluted shareNAREIT FFO was $21.3 million, or $0.24 per diluted share, up 20% compared to the prior year period due primarily to additional payments received with respect to easements previously conveyedCore FFO was $19.9 million, or $0.23 per diluted share, down 4% compared to the prior year periodNet Operating Income (NOI) was $37.8 million, up 4% compared t
BETHESDA, Md., March 26, 2024 (GLOBE NEWSWIRE) -- Elme Communities ("Elme") (NYSE:ELME), a value-oriented multifamily owner and operator, will release first quarter earnings results after market close on Wednesday, May 1, 2024. A conference call to discuss these results will be conducted on Thursday, May 2, 2024, at 9:00 am ET. There will also be a live, listen-only webcast presentation. Conference call and webcast access information is as follows: USA Toll Free Number:877-545-0523International Toll Number:973-528-0016Entry Code504503Webcast:ir.elmecommunities.com Instant replay of the conference call will be available until Thursday, May 16, 2024, at 12:00 am ET. Instant replay access inf
BETHESDA, Md., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the "Company") (NYSE:ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter and year ended December 31, 2023: Full-Year 2023 Financial and Operational Results Net loss was $53.0 million, or $0.61 per diluted shareNAREIT FFO was $77.8 million, or $0.88 per diluted share, up 27.9% compared to the prior yearCore FFO was $85.2 million, or $0.97 per diluted share, up 10.2% compared to the prior yearNet Operating Income (NOI) was $148.1 million, up 9.4% compared to the prior yearSame-store multifamily NOI increase
BETHESDA, Md., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Elme Communities (NYSE:ELME) announced the income tax treatment of its 2023 dividend distributions. This information represents final income allocations. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Elme Communities dividend distributions. Beginning in 2018, Ordinary Taxable Income Per Share is equal to the 199A dividend that was created by the 2017 Tax Cuts and Jobs Act. Dividend Paid DateGrossDistribution Per ShareOrdinary TaxableIncome Per ShareSection 199ADividends Per Share(Return of Capital) Non-TaxableDistribution Per Share1/5/2023$0.17000 $0.05660 $0.05660 $0.11340 4/5/
BETHESDA, Md., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Elme Communities ("Elme") (NYSE:ELME), a value-oriented multifamily owner and operator, will release fourth quarter earnings results after market close on Thursday, February 15, 2024. A conference call to discuss these results will be conducted on Friday, February 16, 2024, at 10:00 am ET. There will also be a live, listen-only webcast presentation. Conference call and webcast access information is as follows: USA Toll Free Number:888-506-0062International Toll Number:973-528-0011Entry Code558089Webcast:ir.elmecommunities.com Instant replay of the conference call will be available until Friday, March 01, 2024, at 12:00 am ET. Instant replay
BETHESDA, Md., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Elme Communities (the "Company") (NYSE:ELME), a multifamily REIT with communities in the Washington DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter ended September 30, 2023: Financial Results Net loss was $43.6 million, or $0.50 per diluted share, including a $41.9 million non-cash impairment charge as described belowNAREIT FFO was $20.1 million, or $0.23 per diluted shareCore FFO was $21.4 million, or $0.24 per diluted share, up over 4% from the prior year period primarily driven by rental rate growthNet Operating Income (NOI) was $36.9 million, up over 5% from the prior year period
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Truist Securities analyst Michael Lewis maintains Elme Communities (NYSE:ELME) with a Hold and raises the price target from $15 to $16.
Elme Communities (NYSE:ELME) reported quarterly earnings of $0.23 per share which beat the analyst consensus estimate of $0.22 by 4.55 percent. This is a 4.17 percent decrease over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $59.513 million which beat the analyst consensus estimate of $58.792 million by 1.23 percent. This is a 6.64 percent increase over sales of $55.809 million the same period last year.
Monday marks the last chance for investors to receive the next dividend payout from Elme Communities (NYSE:ELME). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 18 cents per share. On Tuesday, Elme Communities will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 18 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own ELME as of the end of Monday's session are eligible to receive the 18 cents dividend
Elme Communities (NYSE:ELME) reported quarterly earnings of $0.24 per share. This is unchanged from the same period last year. The company reported quarterly sales of $58.85 million which beat the analyst consensus estimate of $58.63 million by 0.38 percent. This is a 5.86 percent increase over sales of $55.59 million the same period last year.
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JP Morgan analyst Michael Mueller upgrades Elme Communities (NYSE:ELME) from Neutral to Overweight and raises the price target from $16 to $18.
Wells Fargo analyst Blaine Heck maintains Elme Communities (NYSE:ELME) with a Equal-Weight and lowers the price target from $15.5 to $14.