Elme Communities (ELME)Real Estate | REIT - Residential | Bethesda, United States | NYSE
1.75 USD
|
Hot Take ↕ | Oct. 10, 2026, 4 a.m. EDT
Elme Communities is a distressed asset trapped in a liquidation process, evidenced by headlines regarding scuttled sales and ongoing liquidation activities. The fundamental picture is dire: the company is generating negative operating cash flow, has a massive debt load relative to equity, and trades at a fraction of its book value due to these structural issues. While the dividend yield appears mathematically high, it is unsustainable given the negative earnings and the likelihood of capital preservation efforts during liquidation. The stock has suffered a catastrophic decline from its highs, and the recent news of a failed sale confirms the difficulty in finding a buyer for the underlying assets. Options data reflects this pessimism, with heavy put buying acting as a hedge against further drops rather than a bet on recovery. There is no clear path to value restoration until the liquidation concludes successfully, which currently looks uncertain. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.076307 |
| AutoETS | 0.084780 |
| AutoARIMA | 0.087553 |
| AutoTheta | 0.193582 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 33% |
| H-stat | 2.77 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.007 |
| Excess Kurtosis | 1.68 |
| Attribute | Value |
|---|---|
| Sector | Real Estate |
| Ex Dividend Date | 2026-10-22 |
| Last Dividend Date | 2026-01-07 |
| Debt to Equity Ratio | 78.053 |
| Revenue per Share | 2.811 |
| Market Cap | 155,501,296 |
| Forward P/E | -15.91 |
| Beta | 0.81 |
| Profit Margins | -74.71% |
| Previous Name | Washington Real Estate Investment Trust |
| Website | https://www.elmecommunities.com |
As of Oct. 10, 2026, 4 a.m. EDT: Speculators are heavily positioned for downside protection, with significant open interest in out-of-the-money puts at strikes above the current price ($2.00 and $2.50). Call activity is minimal and concentrated deep in-the-money, suggesting a lack of bullish conviction. Implied volatility is elevated on puts relative to calls, indicating fear of further liquidation-related declines.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 529.60% | 529.60% | 179.64% | 109.26% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-01-08 | 14.670000 | 529.602892 |
| 2025-09-17 | 0.180000 | 1.074627 |
| 2025-06-17 | 0.180000 | 1.127820 |
| 2025-03-19 | 0.180000 | 1.053864 |
| 2024-12-19 | 0.180000 | 1.210491 |
| 2024-09-19 | 0.180000 | 1.004464 |
| 2024-06-20 | 0.180000 | 1.194426 |
| 2024-03-19 | 0.180000 | 1.386749 |
| 2023-12-20 | 0.180000 | 1.264045 |
| 2023-09-19 | 0.180000 | 1.218686 |
| 2023-06-21 | 0.180000 | 1.135647 |
| 2023-03-21 | 0.180000 | 1.032702 |
| 2022-12-21 | 0.170000 | 0.958286 |
| 2022-09-20 | 0.170000 | 0.862944 |
| 2022-06-21 | 0.170000 | 0.793280 |
| 2022-03-22 | 0.170000 | 0.686591 |
| 2021-12-21 | 0.170000 | 0.672202 |
| 2021-09-21 | 0.170000 | 0.687146 |
| 2021-06-22 | 0.300000 | 1.329787 |
| 2021-03-19 | 0.300000 | 1.284247 |
| 2020-12-22 | 0.300000 | 1.394700 |
| 2020-09-18 | 0.300000 | 1.478561 |
| 2020-06-19 | 0.300000 | 1.381852 |
| 2020-03-16 | 0.300000 | 1.321004 |
| 2019-12-20 | 0.300000 | 1.028101 |
| 2019-09-13 | 0.300000 | 1.079525 |
| 2019-06-13 | 0.300000 | 1.087745 |
| 2019-03-14 | 0.300000 | 1.085384 |
| 2018-12-19 | 0.300000 | 1.227496 |
| 2018-09-13 | 0.300000 | 0.967742 |
| 2018-06-14 | 0.300000 | 1.030220 |
| 2018-03-14 | 0.300000 | 1.132931 |
| 2017-12-19 | 0.300000 | 0.947867 |
| 2017-09-14 | 0.300000 | 0.914355 |
| 2017-06-13 | 0.300000 | 0.916310 |
| 2017-03-13 | 0.300000 | 0.995025 |
| 2016-12-19 | 0.300000 | 0.927644 |
| 2016-09-13 | 0.300000 | 1.001335 |
| 2016-06-13 | 0.300000 | 0.994036 |
| 2016-03-11 | 0.300000 | 1.095290 |
| 2015-12-18 | 0.300000 | 1.112347 |
| 2015-09-11 | 0.300000 | 1.239157 |
| 2015-06-11 | 0.300000 | 1.207729 |
| 2015-03-12 | 0.300000 | 1.112347 |
| 2014-12-11 | 0.300000 | 1.100917 |
| 2014-09-11 | 0.300000 | 1.101322 |
| 2014-06-12 | 0.300000 | 1.152516 |
| 2014-03-12 | 0.300000 | 1.259446 |
| 2013-12-12 | 0.300000 | 1.326846 |
| 2013-09-12 | 0.300000 | 1.237113 |
| 2013-06-12 | 0.300000 | 1.150307 |
| 2013-03-13 | 0.300000 | 1.083815 |
| 2012-12-12 | 0.300000 | 1.145038 |
| 2012-09-12 | 0.300000 | 1.074884 |
| 2012-06-13 | 0.434000 | 1.595588 |
| 2012-03-13 | 0.434000 | 1.450535 |
| 2011-12-13 | 0.434000 | 1.666027 |
| 2011-09-13 | 0.434000 | 1.468200 |
| 2011-06-13 | 0.434000 | 1.393258 |
| 2011-03-10 | 0.434000 | 1.473184 |
| 2010-12-13 | 0.434000 | 1.456376 |
| 2010-09-10 | 0.433000 | 1.401295 |
| 2010-06-10 | 0.433000 | 1.545876 |
| 2010-03-11 | 0.433000 | 1.469291 |
| 2009-12-15 | 0.433000 | 1.622330 |
| 2009-09-11 | 0.433000 | 1.605488 |
| 2009-06-11 | 0.433000 | 1.982601 |
| 2009-03-12 | 0.433000 | 2.335491 |
| 2008-12-15 | 0.433000 | 1.780428 |
| 2008-09-12 | 0.433000 | 1.183060 |
| 2008-06-12 | 0.433000 | 1.356941 |
| 2008-03-13 | 0.423000 | 1.309598 |
| 2007-12-12 | 0.423000 | 1.350575 |
| 2007-09-12 | 0.423000 | 1.333123 |
| 2007-06-12 | 0.423000 | 1.226442 |
| 2007-03-12 | 0.413000 | 1.082285 |
| 2006-12-13 | 0.413000 | 1.044512 |
| 2006-09-13 | 0.413000 | 1.020509 |
| 2006-06-13 | 0.413000 | 1.203731 |
| 2006-03-14 | 0.403000 | 1.183901 |
| 2005-12-14 | 0.403000 | 1.291667 |
| 2005-09-14 | 0.403000 | 1.316993 |
| 2005-06-14 | 0.403000 | 1.281399 |
| 2005-03-15 | 0.393000 | 1.351444 |
| 2004-12-14 | 0.393000 | 1.175239 |
| 2004-09-14 | 0.393000 | 1.339012 |
| 2004-06-14 | 0.393000 | 1.429091 |
| 2004-03-15 | 0.373000 | 1.203226 |
| 2003-12-15 | 0.373000 | 1.255047 |
| 2003-09-12 | 0.373000 | 1.300558 |
| 2003-06-12 | 0.373000 | 1.351939 |
| 2003-03-13 | 0.353000 | 1.432049 |
| 2002-12-13 | 0.353000 | 1.389764 |
| 2002-09-12 | 0.353000 | 1.355086 |
| 2002-06-11 | 0.353000 | 1.285506 |
| 2002-03-12 | 0.333000 | 1.231509 |
| 2001-12-12 | 0.333000 | 1.349271 |
| 2001-09-17 | 0.333000 | 1.417021 |
| 2001-06-12 | 0.333000 | 1.372064 |
| 2001-03-13 | 0.313000 | 1.369204 |
| 2000-12-12 | 0.313000 | 1.418697 |
| 2000-09-12 | 0.313000 | 1.589841 |
| 2000-06-13 | 0.313000 | 1.841176 |
| 2000-03-14 | 0.293000 | 1.978059 |
| 1999-12-09 | 0.293000 | 1.969748 |
| 1999-09-13 | 0.293000 | 1.882731 |
| 1999-06-11 | 0.292000 | 1.717647 |
| 1999-03-12 | 0.280000 | 1.723077 |
| 1998-12-14 | 0.280000 | 1.600000 |
| 1998-09-14 | 0.280000 | 1.729730 |
| 1998-06-12 | 0.280000 | 1.623188 |
| 1998-03-13 | 0.270000 | 1.624060 |
| 1997-12-15 | 0.270000 | 1.661538 |
| 1997-09-12 | 0.270000 | 1.642586 |
| 1997-06-12 | 0.270000 | 1.582418 |
| 1997-03-13 | 0.260000 | 1.454545 |
| 1996-12-12 | 0.260000 | 1.587786 |
| 1996-09-12 | 0.260000 | 1.677419 |
| 1996-06-12 | 0.260000 | 1.664000 |
| 1996-03-13 | 0.250000 | 1.526718 |
| 1995-12-13 | 0.250000 | 1.639344 |
| 1995-09-13 | 0.250000 | 1.639344 |
| 1995-06-14 | 0.250000 | 1.612903 |
| 1995-03-13 | 0.240000 | 1.536000 |
| 1994-12-12 | 0.230000 | 1.520661 |
| 1994-09-12 | 0.230000 | 1.277778 |
| 1994-06-10 | 0.232000 | 1.138650 |
| 1994-03-11 | 0.232000 | 1.167296 |
| 1993-12-10 | 0.232000 | 1.167296 |
| 1993-09-13 | 0.220000 | 0.972376 |
| 1993-06-10 | 0.220000 | 1.041420 |
| 1993-03-11 | 0.220000 | 0.961749 |
| 1992-12-10 | 0.210000 | 1.063291 |
| 1992-09-10 | 0.210000 | 1.200000 |
| 1992-06-09 | 0.210000 | 1.191489 |
| 1992-03-04 | 0.206667 | 1.221677 |
| 1991-12-03 | 0.206667 | 1.347828 |
| 1991-09-03 | 0.193333 | 1.406058 |
| 1991-06-03 | 0.193333 | 1.432096 |
| 1991-03-04 | 0.193333 | 1.526313 |
| 1990-12-03 | 0.193333 | 1.757573 |
| 1990-08-31 | 0.180000 | 1.687500 |
| 1990-06-04 | 0.180000 | 1.510489 |
| 1990-03-05 | 0.180000 | 1.565217 |
| 1989-12-01 | 0.180000 | 1.367089 |
| 1989-09-01 | 0.166667 | 1.234570 |
| 1989-06-05 | 0.166667 | 1.250003 |
| 1989-03-06 | 0.166667 | 1.324506 |
| 1988-11-25 | 0.111111 | 0.892856 |
| 1988-09-02 | 0.155556 | 1.272731 |
| 1988-06-06 | 0.155556 | 1.458337 |
| 1988-03-04 | 0.155556 | 1.346158 |
| 1987-12-03 | 0.155556 | 1.637432 |
| 1987-09-01 | 0.142222 | 1.368982 |
| 1987-06-01 | 0.142222 | 1.292927 |
| 1987-03-03 | 0.142222 | 1.236713 |
| Attribute | Value |
|---|---|
| 52 Week Change | -0.89546 |
| Address1 | 7,550 Wisconsin Avenue |
| Address2 | Suite 900 |
| All Time High | 43.44 |
| All Time Low | 1.26 |
| Ask | 1.76 |
| Ask Size | 117,500 |
| Average Daily Volume10 Day | 1,299,130 |
| Average Daily Volume3 Month | 899,937 |
| Average Volume | 899,937 |
| Average Volume10Days | 1,299,130 |
| Beta | 0.814 |
| Bid | 0.0 |
| Bid Size | 1,041,300 |
| Book Value | 10.31 |
| City | Bethesda |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 1.75 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 1.76 |
| Day Low | 1.75 |
| Debt To Equity | 78.053 |
| Dividend Date | 1,792,627,200 |
| Dividend Rate | 0.72 |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,754,488,800 |
| Earnings Call Timestamp Start | 1,754,488,800 |
| Earnings Timestamp End | 1,792,699,200 |
| Earnings Timestamp Start | 1,792,699,200 |
| Ebitda | 81,207,600 |
| Ebitda Margins | 0.32794 |
| Enterprise To Ebitda | 10.57 |
| Enterprise To Revenue | 3.466 |
| Enterprise Value | 858,331,264 |
| Eps Forward | -0.11 |
| Eps Trailing Twelve Months | -1.53 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,792,713,600 |
| Exchange | NYQ |
| Exchange Data Delayed By | 20 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 301 984 9610 |
| Fifty Day Average | 1.6856 |
| Fifty Day Average Change | 0.06439996 |
| Fifty Day Average Change Percent | 0.038205955 |
| Fifty Two Week Change Percent | -89.546 |
| Fifty Two Week High | 17.68 |
| Fifty Two Week High Change | -15.93 |
| Fifty Two Week High Change Percent | -0.9010181 |
| Fifty Two Week Low | 1.26 |
| Fifty Two Week Low Change | 0.49 |
| Fifty Two Week Low Change Percent | 0.3888889 |
| Fifty Two Week Range | 1.26 - 17.68 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 322,151,400,000 |
| Five Year Avg Dividend Yield | 4.72 |
| Float Shares | 79,869,908 |
| Forward Eps | -0.11 |
| Forward P E | -15.909091 |
| Full Exchange Name | NYSE |
| Fullday Change | 0.0 |
| Fullday Change Percent | 0.0 |
| Fullday Price | 1.75 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.59248 |
| Gross Profits | 146,716,800 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.01657 |
| Held Percent Institutions | 0.77559 |
| Implied Shares Outstanding | 88,857,883 |
| Industry | REIT - Residential |
| Industry Disp | REIT - Residential |
| Industry Key | reit-residential |
| Ir Website | http://ir.writ.com/CorporateProfile.aspx?iid=103036 |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Dividend Date | 1,767,830,400 |
| Last Dividend Value | 14.67 |
| Last Fiscal Year End | 1,761,868,800 |
| Last Split Date | 707,356,800 |
| Last Split Factor | 3:2 |
| Long Business Summary | 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. Elme Communities was incorporated in 1960 in Maryland. |
| Long Name | Elme Communities |
| Market | us_market |
| Market Cap | 155,501,296 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_313393 |
| Most Recent Quarter | 1,759,190,400 |
| Name Change Date | 2,026-10-16 |
| Net Income To Common | -185,306,400 |
| Next Fiscal Year End | 1,793,404,800 |
| Non Diluted Market Cap | 151,946,979 |
| Open | 1.76 |
| Operating Cashflow | 74,691,600 |
| Operating Margins | -0.034360003 |
| Payout Ratio | 3.4285998 |
| Peg Ratio | 43.49 |
| Phone | 202 774 3200 |
| Prev Name | Washington Real Estate Investment Trust |
| Previous Close | 1.75 |
| Price Hint | 4 |
| Price To Book | 0.16973811 |
| Price To Sales Trailing12 Months | 0.6279532 |
| Profit Margins | -0.74705005 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.0 |
| Regular Market Change Percent | 0.0 |
| Regular Market Day High | 1.76 |
| Regular Market Day Low | 1.75 |
| Regular Market Day Range | 1.75 - 1.76 |
| Regular Market Open | 1.76 |
| Regular Market Previous Close | 1.75 |
| Regular Market Price | 1.75 |
| Regular Market Time | 1,792,094,403 |
| Regular Market Volume | 485,556 |
| Revenue Growth | 0.017 |
| Revenue Per Share | 2.811 |
| Sand P52 Week Change | 0.16207206 |
| Sector | Real Estate |
| Sector Disp | Real Estate |
| Sector Key | real-estate |
| Shares Outstanding | 88,857,883 |
| Shares Percent Shares Out | 0.0286 |
| Shares Short | 2,544,130 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 2,424,489 |
| Short Name | Elme Communities |
| Short Percent Of Float | 0.029000001 |
| Short Ratio | 2.87 |
| Source Interval | 15 |
| State | MD |
| Symbol | ELME |
| Total Cash | 7,088,000 |
| Total Cash Per Share | 0.08 |
| Total Debt | 709,644,032 |
| Total Revenue | 247,632,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.648 |
| Trailing Annual Dividend Yield | 0.37028572 |
| Trailing Eps | -1.53 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 2.4234 |
| Two Hundred Day Average Change | -0.6733999 |
| Two Hundred Day Average Change Percent | -0.27787405 |
| Type Disp | Equity |
| Volume | 485,556 |
| Website | https://www.elmecommunities.com |
| Zip | 20,814 |