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ELMES

Elme Communities

Real EstateREITsDeregistered 2026-11-06
Ticker ELMESBETHESDA, MDFiscal year ends DecemberBook value per share $10.32Diluted shares 88.1M

Elme Communities is a self-administered equity real estate investment trust that owns and operates apartment communities, primarily in the Washington, DC metropolitan area and the Sunbelt, and a commercial office property in the Washington, DC area. Its residential customers are apartment renters, while its office… From the company’s description.

In fiscal 2024, Elme Communities reported revenue of $241.94M, up 6.2% from fiscal 2023, and a net loss of $13.10M. Its operating margin was 9.7%, and operations generated $95.24M in cash.

Fiscal year 2024 · ends 12-31Changes are against fiscal 2023Latest financials: fiscal year ended Dec 31, 2024. Latest quarterly report: quarter ended Sep 30, 2025
Sales & profitability
$241.94MFY2024
+6.2% year over year
9.70%FY2024
+19.8 percentage points
$-13.10MFY2024
+75.3% year over year
-1.21%FY2024
−0.2 percentage points
Cash & financing
$95.24MFY2024
+12.5% year over year
$47.64MFY2024
+177.4% year over year
0.65FY2024
Was 0.59× a year earlier
87.9MFY2024
+0.2% year over year

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure.

What Elme Communities does

In the company’s own words

Elme Communities is a self-administered equity real estate investment trust that owns and operates apartment communities, primarily in the Washington, DC metropolitan area and the Sunbelt, and a commercial office property in the Washington, DC area. Its residential customers are apartment renters, while its office property serves commercial tenants. Following the sale of 19 multifamily properties in November 2025, Elme adopted a plan to sell its remaining assets, wind down its business and dissolve; it is focused on completing those sales and the orderly liquidation of the company. At December 31, 2025, the portfolio comprised nine apartment communities and one office property, with approximately 3,570 apartment homes and 300,000 square feet of commercial space. After two additional apartment property sales, as of February 27, 2026, it owned approximately 2,700 apartment homes and 300,000 square feet of commercial space, all in the Washington, DC and Atlanta metropolitan areas. The company is the successor to a trust organized in 1960 and was formerly known as Washington Real Estate Investment Trust. Its website is www.elmecommunities.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
BETHESDA, MD
Fiscal year end
December
CIK
104894
SIC
6798

Financial performance, year by year

Fiscal 2011–2024 · USD
$-96.63M$34.33M$165.29M$296.24M$427.20M20112012201320142015201620172018201920202021202220232024

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Elme Communities — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

17
funds hold it
0 of 35
superinvestors hold it
$9.16M
held by funds, at market

Largest fund holders · Elme Communities’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
3.08%of fund net assets
Fidelity Real Estate Income Fund
FREI · Fidelity Securities Fund
—of fund net assets
Fidelity SAI Real Estate Income Fund
FHLPX · Fidelity Securities Fund
—of fund net assets
Residential REIT ETF
HAUS · Tidal Trust I
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Elme Communities and its peers compare on margins and cash generation over ten years?”
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  • “What changed in Elme Communities's last four quarterly filings that the numbers alone won't show?”
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