Profile
Sector:
Real EstateIndustry:
ResidentialCountry:
United StatesIPO:
17 March 1980Website:
http://www.elmecommunities.comNext earnings report:
14 February 2025Last dividends:
19 September 2024Next dividends:
19 December 2024Price
after hours | 36 min agoAnalysts recommendations
Institutional Ownership
ELME Latest News
Elme Communities (NYSE:ELME ) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Amy Hopkins - VP, IR Paul McDermott - CEO Tiffany Butcher - COO Steve Freishtat - CFO Grant Montgomery - Head, Research Conference Call Participants Nahom Tesfazghi - JPMorgan Jamie Feldman - Wells Fargo Ann Chan - Green Street Cole Bardawill - Wolfe Research Michael Gorman - BTIG Operator Welcome to the Elme Communities Third Quarter 2024 Earnings Conference Call. As a reminder, today's call is being recorded.
Elme (ELME) came out with quarterly funds from operations (FFO) of $0.23 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to FFO of $0.24 per share a year ago.
The heavy selling pressure might have exhausted for Elme (ELME) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Elme (ELME) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Elme (ELME) came out with quarterly funds from operations (FFO) of $0.23 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.24 per share a year ago.
Elme Communities owns and operates apartment communities in Washington, DC and Atlanta. Though multifamily landlords have been enjoying a strong tailwind due to the high cost of financing the purchase of a home today, this REIT has struggled. While the shares are trading at a discount to NAV, there's a good chance we won't see a recovery soon enough because of risks that the market has correctly assessed.
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).
Elme Communities (NYSE: ELME) Q1 2024 Earnings Conference Call will take place on May 2, 2024 at 9:00 AM ET. Participants include Amy Hopkins, Paul McDermott, Tiffany Butcher, and Steven Freishtat. Conference Call Participants include Anthony Paolone and Jamie Feldman from JPMorgan and Wells Fargo, respectively. Welcome to the Elme Communities First Quarter 2024 Earnings Conference Call. All participants are currently in a listen-only mode.
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:
Elme Communities (ELME) Q4 2023 Earnings Call Transcript
- 1(current)
What type of business is Elme Communities?
Elme Communities is committed to elevating what home can be for middle-income renters by providing a higher level of quality, service, and experience. The Company is a multifamily real estate investment trust that owns and operates approximately 9,400 apartment homes in the Washington, DC metro and the Atlanta metro regions, and owns approximately 300,000 square feet of commercial space. Focused on providing quality, affordable homes to a deep, solid, and underserved base of mid-market demand, Elme Communities is building long-term value for shareholders.
What sector is Elme Communities in?
Elme Communities is in the Real Estate sector
What industry is Elme Communities in?
Elme Communities is in the Residential industry
What country is Elme Communities from?
Elme Communities is headquartered in United States
When did Elme Communities go public?
Elme Communities initial public offering (IPO) was on 17 March 1980
What is Elme Communities website?
https://www.elmecommunities.com
Is Elme Communities in the S&P 500?
No, Elme Communities is not included in the S&P 500 index
Is Elme Communities in the NASDAQ 100?
No, Elme Communities is not included in the NASDAQ 100 index
Is Elme Communities in the Dow Jones?
No, Elme Communities is not included in the Dow Jones index
When was Elme Communities the previous earnings report?
No data
When does Elme Communities earnings report?
The next expected earnings date for Elme Communities is 14 February 2025