Elme Communities (ELME)
Value-oriented multifamily operator selling assets under an approved liquidation plan.
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Operated value-oriented, mid-market multifamily communities in the Washington, D.C. and Atlanta areas after exiting office and retail real estate. Following a shareholder-approved liquidation plan, it is selling its remaining properties and winding down the business.
Operated value-oriented, mid-market multifamily communities in the Washington, D.C. and Atlanta areas after exiting office and retail real estate. The strategic transformation simplified the company to one residential reportable segment. Its resident proposition centered on service, efficiency, and reliability for value-conscious renters. That multi-year shift remade the formerly diversified REIT into a focused, consumer-facing multifamily business.
Following shareholder approval of a sale and liquidation plan, it sold a 19-property portfolio and is selling its remaining properties. Property-sale completion, voluntary NYSE delisting, and dissolution remain conditional on the timing of those sales.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 11, 2025 | Truist Securities | Downgrade | ||
| Dec 17, 2024 | JP Morgan | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $41.3M · Total debt $251.0M · Total assets $460.4M · Shareholders' equity $167.7M
- Revenue
- $0
- Operating income
- $5.9M
- Net income
- −$3.6M
HistoryDividendAnnual yield
| Institutions | 74.62% | 66.31M shares | |
|---|---|---|---|
| 161 holders · as of Jun 30, 2026 | |||
| Insiders | 1.62% | 1.44M shares | |
| 12 holders · as of Dec 16, 2025 | |||
| Other | 23.76% | 21.11M shares | |
| remainder | |||
88.86M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Highbridge Capital Management LLCInstitution | 8.44% | 7.50M | as of Jun 30, 2026 |
Trium Capital LLPInstitution | 3.77% | 3.35M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.28% | 2.92M | as of Jun 30, 2026 |
Jane Street Group, LLCInstitution | 3.09% | 2.75M | as of Jun 30, 2026 |
Almitas Capital LLCInstitution | 2.95% | 2.62M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Equity Residential
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- UDR
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- Mid-America Apartment Communities
Multifamily platform spanning the Southeast and Mid-Atlantic
- Camden Property Trust
National multifamily apartment owner and operator
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Elme Communities | $1.74 | −0.86% | $155.5M | — | — | — | −403.1% |
| Equity Residential | $62.13 | +1.25% | $23.01B | 26.9 | 40.1 | 7.3 | +2.1% |
| UDR | $34.30 | +1.20% | $10.89B | 21.6 | 58.3 | 6.3 | −0.0% |
| Mid-America Apartment Communities | $119.83 | +0.82% | $13.83B | 34.8 | 38.3 | 6.2 | +1.0% |
| Camden Property Trust | $99.85 | +1.04% | $9.93B | 32.8 | 105.4 | 6.3 | −0.9% |
| Median | 29.9 | 49.2 | 6.3 | +0.5% |