Elme Communities
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- George McKenzie
- Full Time Employees
- 53
- Sector
- Real Estate
- Industry
- REIT - Office
- Address
- 1775 Eye Street, Nw, Suite 1000 Washington DC United States of America 20006
- IPO Date
- Mar 17, 1980
- CIK
- 0000104894
- Website
- elmecommunities.com
- Similar Companies
- Business
- Elme Communities (NYSE: ELME), a multifamily real estate investment trust founded in 1960 and headquartered in Bethesda, Maryland, owns and operates apartment communities targeting middle-income renters in the Washington, DC metro area, Atlanta metro region and select Sunbelt markets; the company provides quality, affordable housing through a portfolio that previously encompassed approximately 9,400 apartment homes and 300,000 square feet of commercial space, featuring energy-efficient appliances, responsive maintenance services, managed Wi-Fi programs, property renovations yielding high returns and sustainable practices including leak reductions and green energy initiatives. Elme Communities serves mid-market demand with emphasis on security, pet-friendly amenities, convenient locations near employment and retail, and community events fostering resident engagement. In August 2025, the company concludes its strategic alternatives review by entering a definitive agreement to sell a 19-asset multifamily portfolio comprising nearly 6,000 units in the greater Washington, DC and Atlanta areas to Cortland Partners for $1.6 billion in cash, a transaction that closes on November 12, 2025 pending shareholder approval and customary conditions; simultaneously, Elme's board approves a voluntary plan of sale and liquidation to market its remaining nine multifamily assets and Watergate 600 commercial property, declares an initial special liquidating distribution and withdraws prior 2025 financial guidance to prioritize shareholder returns through asset monetization.
Elme Communities (ELME) Q1 2025 Earnings Call Transcript
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