Elme Communities (ELME)Real Estate | REIT - Residential | Bethesda, United States | NYSE
1.68 USD
+0.01
(0.599%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 1.68 |
Hot Take ↕ | Aug. 22, 2026, 1:06 a.m. EDT
The investment case for Elme Communities has collapsed entirely. While the headline dividend yield appears astronomical at 44%, this is a mathematical illusion born of a share price that has been decimated by the company's distress. The payout ratio of nearly 200% confirms that the company is paying out far more than it earns, effectively returning capital to shareholders while the business burns cash. Fundamentally, the stock is a value trap: it trades at a fraction of book value because the enterprise value implies a massive debt burden relative to the tiny revenue base, and the market has correctly priced in a likely liquidation scenario. The price history tells a story of a 48% decline over nine years, with the most recent annual performance showing continued weakness. Although there is a glimmer of hope regarding a potential $250 million contract, the recent news flow is dominated by failed sales and liquidation updates, indicating that management cannot yet execute a turnaround. The options market reflects this grim reality, with traders buying deep puts to hedge against further losses. This is not a distressed opportunity; it is a failing asset where the 'yield' is simply the final distribution before the stock goes to zero. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.054830 |
| MSTL | 0.072900 |
| AutoETS | 0.100773 |
| AutoARIMA | 0.157741 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 42% |
| H-stat | 0.70 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.247 |
| Excess Kurtosis | -1.20 |
| Attribute | Value |
|---|---|
| Sector | Real Estate |
| Ex Dividend Date | 2026-01-07 |
| Last Dividend Date | 2026-01-07 |
| Debt to Equity Ratio | 78.053 |
| Revenue per Share | 2.811 |
| Market Cap | 149,281,232 |
| Forward P/E | -15.27 |
| Beta | 0.79 |
| Profit Margins | -74.71% |
| Previous Name | Washington Real Estate Investment Trust |
| Website | https://www.elmecommunities.com |
As of Aug. 22, 2026, 1:06 a.m. EDT: Speculators are overwhelmingly positioning for downside protection, with put volume and open interest vastly exceeding call activity. The heavy concentration of puts at strikes above the current price suggests a consensus expectation of further liquidation-driven declines rather than a recovery.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 529.60% | 530.68% | 180.05% | 109.39% |
| 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 | -0.90182245 |
| Address1 | 7,550 Wisconsin Avenue |
| Address2 | Suite 900 |
| All Time High | 43.44 |
| All Time Low | 1.26 |
| Ask | 1.68 |
| Ask Size | 11,000 |
| Average Analyst Rating | 3.0 - Hold |
| Average Daily Volume10 Day | 549,610 |
| Average Daily Volume3 Month | 1,364,541 |
| Average Volume | 1,364,541 |
| Average Volume10Days | 549,610 |
| Beta | 0.79 |
| Bid | 1.66 |
| Bid Size | 8,600 |
| 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 | 1.68 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 1.68 |
| Day Low | 1.66 |
| Debt To Equity | 78.053 |
| Dividend Date | 1,767,744,000 |
| Dividend Rate | 0.72 |
| Dividend Yield | 43.11 |
| 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 | 10.493 |
| Enterprise To Revenue | 3.441 |
| Enterprise Value | 852,111,232 |
| Eps Forward | -0.11 |
| Eps Trailing Twelve Months | -1.22 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,767,830,400 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 301 984 9610 |
| Fifty Day Average | 1.6186 |
| Fifty Day Average Change | 0.061399937 |
| Fifty Day Average Change Percent | 0.03793398 |
| Fifty Two Week Change Percent | -90.18224 |
| Fifty Two Week High | 17.68 |
| Fifty Two Week High Change | -16.0 |
| Fifty Two Week High Change Percent | -0.9049774 |
| Fifty Two Week Low | 1.26 |
| Fifty Two Week Low Change | 0.41999996 |
| Fifty Two Week Low Change Percent | 0.3333333 |
| Fifty Two Week Range | 1.26 - 17.68 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 322,151,400,000 |
| Five Year Avg Dividend Yield | 6.04 |
| Float Shares | 79,869,908 |
| Forward Eps | -0.11 |
| Forward P E | -15.272727 |
| Full Exchange Name | NYSE |
| Fullday Change | 0.00999999 |
| Fullday Change Percent | 0.598802 |
| Fullday Price | 1.68 |
| 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 | 0.75361 |
| 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 | 149,281,232 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_313393 |
| Most Recent Quarter | 1,759,190,400 |
| Name Change Date | 2,026-08-28 |
| Net Income To Common | -185,306,400 |
| Next Fiscal Year End | 1,793,404,800 |
| Non Diluted Market Cap | 148,392,664 |
| Open | 1.66 |
| Operating Cashflow | 74,691,600 |
| Operating Margins | -0.034360003 |
| Payout Ratio | 1.9672 |
| Peg Ratio | 43.49 |
| Phone | 202 774 3200 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 1.68 |
| Post Market Time | 1,787,961,330 |
| Prev Name | Washington Real Estate Investment Trust |
| Previous Close | 1.67 |
| Price Hint | 4 |
| Price To Book | 0.16294858 |
| Price To Sales Trailing12 Months | 0.602835 |
| Profit Margins | -0.74705005 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | hold |
| Recommendation Mean | 3.0 |
| Region | US |
| Regular Market Change | 0.00999999 |
| Regular Market Change Percent | 0.598802 |
| Regular Market Day High | 1.68 |
| Regular Market Day Low | 1.66 |
| Regular Market Day Range | 1.66 - 1.68 |
| Regular Market Open | 1.66 |
| Regular Market Previous Close | 1.67 |
| Regular Market Price | 1.68 |
| Regular Market Time | 1,787,947,203 |
| Regular Market Volume | 546,632 |
| Revenue Growth | 0.017 |
| Revenue Per Share | 2.811 |
| Sand P52 Week Change | 0.20504117 |
| Sector | Real Estate |
| Sector Disp | Real Estate |
| Sector Key | real-estate |
| Shares Outstanding | 88,857,883 |
| Shares Percent Shares Out | 0.0273 |
| Shares Short | 2,426,748 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 2,801,161 |
| Short Name | Elme Communities |
| Short Percent Of Float | 0.0277 |
| Short Ratio | 2.26 |
| 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 | 0.38802397 |
| Trailing Eps | -1.22 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 5.0486 |
| Two Hundred Day Average Change | -3.3686004 |
| Two Hundred Day Average Change Percent | -0.66723454 |
| Type Disp | Equity |
| Volume | 546,632 |
| Website | https://www.elmecommunities.com |
| Zip | 20,814 |