EL
Elme Communities
ELME—
Elme Communities AI Insights
Informational only. Not investment advice.Snapshot
- 111.7M impairment charge (TTM) drove -134.8M net loss; underlying normalized EBITDA of 21.6M shows operational viability masked by write-down.[Impairment of Capital Assets]
- FCF of 86.4M (TTM) vs -134.8M net income reveals cash generation despite GAAP losses; 35% FCF margin on revenue.[Free Cash Flow TTM]
- 186M current debt with only 7.1M cash creates near-term refinancing pressure; working capital at -225.7M.[Current Debt]
Watch Triggers
- Current Debt: Refinancing terms or extension announced — 186M maturity vs 7.1M cash is existential; terms dictate equity dilution risk
- Impairment of Capital Assets: Additional write-downs in next 2 quarters — Further impairments signal portfolio quality issues beyond one-time adjustment
- Free Cash Flow TTM: Drops below 60M annualized — Threatens dividend coverage and debt service capacity
Bull Case
FCF of 86.4M (TTM) covers 0.72/share dividend 5.4x over; P/B of 1.69x near tangible book of 908.9M suggests limited downside to NAV.
Free Cash Flow TTMP/B RatioTangible Book Value
Gross margin 59.3% (TTM) above industry median 61%; operating platform intact despite impairment-driven losses.
Gross Margin TTMOperating Income TTM
Bear Case
186M current debt maturing with only 7.1M cash; refinancing at higher rates could compress already thin 6.1% operating margin.
Current DebtCash and EquivalentsOperating Margin TTM
Interest expense 38M (TTM) consumes 2.5x operating income of 15M; debt/equity 0.78x with negative ROIC (-7.9%).
Interest Expense TTMROIC TTMDebt to Equity
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
40%
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Forward Thesis
Impairment-adjusted earnings will normalize, revealing 8-10% FCF yield on current EV.
1-3ymed
- 86.4M FCF on 2.2B EV = 3.9% yield, but impairment non-recurring
- Normalized EBITDA 21.6M understates run-rate after write-downs
- Dividend of 0.72/share (4.1% yield) covered by FCF
FCF 86.4M TTM vs net loss -134.8MImpairment 111.7M is one-time chargeDividend paid 15.9M vs FCF 86.4M = 5.4x coverage
Valuation Context
Caveats
Public Strategies Rankings
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ELME Fundamentals
Real Estate and Rental and Leasing → Real Estate
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$271.38M | — | ||
$973.62M | — | ||
0.00 | — | ||
$246.96M | +3.1% | — | |
$-0.26 | — | ||
6.06% | -3.7% | — | |
-54.6% | -49.1% | — | |
$86.44M | -7.6% | — | |
-0.13 | -12.3% | — | |
Beta 5Y (Monthly) | unknown | — |
ELME Dividend History
104 dividends
2026
$14.670001/08/26$14.6700
2025
$0.540009/17/25$0.1800
06/17/25$0.1800
03/19/25$0.1800
2024
$0.720012/19/24$0.1800
09/19/24$0.1800
06/20/24$0.1800
03/19/24$0.1800
2023
$0.720012/20/23$0.1800
09/19/23$0.1800
06/21/23$0.1800
03/21/23$0.1800
2022
$0.680012/21/22$0.1700
09/20/22$0.1700
06/21/22$0.1700
03/22/22$0.1700
2021
$0.940012/21/21$0.1700
09/21/21$0.1700
06/22/21$0.3000
03/19/21$0.3000
2020
$1.200012/22/20$0.3000
09/18/20$0.3000
06/19/20$0.3000
03/16/20$0.3000
2019
$1.200012/20/19$0.3000
09/13/19$0.3000
06/13/19$0.3000
03/14/19$0.3000
2018
$1.200012/19/18$0.3000
09/13/18$0.3000
06/14/18$0.3000
03/14/18$0.3000
2017
$1.200012/19/17$0.3000
09/14/17$0.3000
06/13/17$0.3000
03/13/17$0.3000
2016
$1.200012/19/16$0.3000
09/13/16$0.3000
06/13/16$0.3000
03/11/16$0.3000
2015
$1.200012/18/15$0.3000
09/11/15$0.3000
06/11/15$0.3000
03/12/15$0.3000
2014
$1.200012/11/14$0.3000
09/11/14$0.3000
06/12/14$0.3000
03/12/14$0.3000
2013
$1.200012/12/13$0.3000
09/12/13$0.3000
06/12/13$0.3000
03/13/13$0.3000
2012
$1.467512/12/12$0.3000
09/12/12$0.3000
06/13/12$0.4338
03/13/12$0.4338
2011
$1.735012/13/11$0.4338
09/13/11$0.4338
06/13/11$0.4338
03/10/11$0.4338
2010
$1.731312/13/10$0.4338
09/10/10$0.4325
06/10/10$0.4325
03/11/10$0.4325
2009
$1.730012/15/09$0.4325
09/11/09$0.4325
06/11/09$0.4325
03/12/09$0.4325
2008
$1.720012/15/08$0.4325
09/12/08$0.4325
06/12/08$0.4325
03/13/08$0.4225
2007
$1.680012/12/07$0.4225
09/12/07$0.4225
06/12/07$0.4225
03/12/07$0.4125
2006
$1.640012/13/06$0.4125
09/13/06$0.4125
06/13/06$0.4125
03/14/06$0.4025
2005
$1.600012/14/05$0.4025
09/14/05$0.4025
06/14/05$0.4025
03/15/05$0.3925
2004
$1.550012/14/04$0.3925
09/14/04$0.3925
06/14/04$0.3925
03/15/04$0.3725
2003
$1.470012/15/03$0.3725
09/12/03$0.3725
06/12/03$0.3725
03/13/03$0.3525
2002
$1.390012/13/02$0.3525
09/12/02$0.3525
06/11/02$0.3525
03/12/02$0.3325
2001
$1.310012/12/01$0.3325
09/11/01$0.3325
06/12/01$0.3325
03/13/01$0.3125
2000
$1.230012/12/00$0.3125
09/12/00$0.3125
06/13/00$0.3125
03/14/00$0.2925
ELME Stock Splits
No stock splits
ELME SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
10/24/25 | 09/30/25 | 10-Q | |
08/06/25 | 06/30/25 | 10-Q | |
05/02/25 | 03/31/25 | 10-Q | |
02/14/25 | 12/31/24 | 10-K | |
11/05/24 | 09/30/24 | 10-Q | |
08/02/24 | 06/30/24 | 10-Q | |
05/02/24 | 03/31/24 | 10-Q | |
02/16/24 | 12/31/23 | 10-K | |
10/27/23 | 09/30/23 | 10-Q | |
08/01/23 | 06/30/23 | 10-Q | |
04/28/23 | 03/31/23 | 10-Q | |
02/17/23 | 12/31/22 | 10-K | |
10/28/22 | 09/30/22 | 10-Q | |
07/29/22 | 06/30/22 | 10-Q | |
04/28/22 | 03/31/22 | 10-Q | |
02/18/22 | 12/31/21 | 10-K | |
10/29/21 | 09/30/21 | 10-Q | |
08/03/21 | 06/30/21 | 10-Q | |
04/29/21 | 03/31/21 | 10-Q | |
02/16/21 | 12/31/20 | 10-K | |
10/30/20 | 09/30/20 | 10-Q | |
07/29/20 | 06/30/20 | 10-Q | |
04/27/20 | 03/31/20 | 10-Q | |
02/19/20 | 12/31/19 | 10-K | |
10/29/19 | 09/30/19 | 10-Q | |
07/30/19 | 06/30/19 | 10-Q | |
04/29/19 | 03/31/19 | 10-Q | |
02/19/19 | 12/31/18 | 10-K | |
10/29/18 | 09/30/18 | 10-Q | |
07/30/18 | 06/30/18 | 10-Q | |
05/01/18 | 03/31/18 | 10-Q | |
02/20/18 | 12/31/17 | 10-K | |
10/31/17 | 09/30/17 | 10-Q | |
07/31/17 | 06/30/17 | 10-Q | |
04/28/17 | 03/31/17 | 10-Q | |
02/21/17 | 12/31/16 | 10-K | |
11/02/16 | 09/30/16 | 10-Q | |
08/01/16 | 06/30/16 | 10-Q | |
04/28/16 | 03/31/16 | 10-Q | |
02/26/16 | 12/31/15 | 10-K | |
11/04/15 | 09/30/15 | 10-Q | |
08/05/15 | 06/30/15 | 10-Q | |
05/05/15 | 03/31/15 | 10-Q | |
03/02/15 | 12/31/14 | 10-K | |
10/31/14 | 09/30/14 | 10-Q | |
08/05/14 | 06/30/14 | 10-Q | |
05/08/14 | 03/31/14 | 10-Q | |
03/03/14 | 12/31/13 | 10-K | |
11/01/13 | 09/30/13 | 10-Q | |
07/31/13 | 06/30/13 | 10-Q | |
05/09/13 | 03/31/13 | 10-Q | |
02/27/13 | 12/31/12 | 10-K | |
11/07/12 | 09/30/12 | 10-Q | |
08/08/12 | 06/30/12 | 10-Q | |
05/07/12 | 03/31/12 | 10-Q | |
02/27/12 | 12/31/11 | 10-K | |
11/08/11 | 09/30/11 | 10-Q | |
08/08/11 | 06/30/11 | 10-Q | |
05/06/11 | 03/31/11 | 10-Q | |
02/25/11 | 12/31/10 | 10-K | |
11/04/10 | 09/30/10 | 10-Q | |
08/06/10 | 06/30/10 | 10-Q | |
05/05/10 | 03/31/10 | 10-Q | |
02/26/10 | 12/31/09 | 10-K | |
11/06/09 | 09/30/09 | 10-Q | |
08/07/09 | 06/30/09 | 10-Q | |
05/08/09 | 03/31/09 | 10-Q | |
03/02/09 | 12/31/08 | 10-K | |
11/10/08 | 09/30/08 | 10-Q | |
08/08/08 | 06/30/08 | 10-Q | |
05/09/08 | 03/31/08 | 10-Q | |
02/29/08 | 12/31/07 | 10-K | |
11/09/07 | 09/30/07 | 10-Q | |
08/09/07 | 06/30/07 | 10-Q | |
05/09/07 | 03/31/07 | 10-Q | |
03/01/07 | 12/31/06 | 10-K | |
11/09/06 | 09/30/06 | 10-Q | |
08/08/06 | 06/30/06 | 10-Q | |
05/05/06 | 03/31/06 | 10-Q | |
03/16/06 | 12/31/05 | 10-K | |
11/09/05 | 09/30/05 | 10-Q | |
08/05/05 | 06/30/05 | 10-Q | |
05/06/05 | 03/31/05 | 10-Q | |
03/16/05 | 12/31/04 | 10-K | |
11/05/04 | 09/30/04 | 10-Q | |
08/06/04 | 06/30/04 | 10-Q | |
05/06/04 | 03/31/04 | 10-Q | |
03/12/04 | 12/31/03 | 10-K | |
11/13/03 | 09/30/03 | 10-Q | |
08/08/03 | 06/30/03 | 10-Q | |
05/14/03 | 03/31/03 | 10-Q | |
03/11/03 | 12/31/02 | 10-K | |
11/14/02 | 09/30/02 | 10-Q | |
08/14/02 | 06/30/02 | 10-Q | |
05/15/02 | 03/31/02 | 10-Q | |
04/01/02 | 12/31/01 | 10-K405 | |
11/14/01 | 09/30/01 | 10-Q | |
08/14/01 | 06/30/01 | 10-Q | |
05/14/01 | 03/31/01 | 10-Q | |
03/19/01 | 12/31/00 | 10-K405 | |
11/14/00 | 09/30/00 | 10-Q | |
08/11/00 | 06/30/00 | 10-Q | |
05/15/00 | 03/31/00 | 10-Q |