| Elme Communities (ELME) Q1 2025 Earnings Call Transcript |
Elme Communities (NYSE:ELME ) Q1 2025 Earnings Conference Call May 2, 2025 10:00 AM ET Company Participants Amy Hopkins - VP, IR Paul McDermott - CEO Tiffany Butcher - COO Steve Freishtat - CFO Conference Call Participants Cooper Clark - Wells Fargo Operator Good day, and welcome to the Elme Communities' First Quarter 2025 Earnings Conference Call. As a reminder, today's call is being recorded. |
seekingalpha.com |
2025-05-02 22:14:28 |
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| Elme (ELME) Q1 FFO and Revenues Surpass Estimates |
Elme (ELME) came out with quarterly funds from operations (FFO) of $0.24 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to FFO of $0.23 per share a year ago. |
zacks.com |
2025-05-01 23:00:43 |
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| Elme Communities Announces First Quarter 2025 Results |
Strong Same-store NOI and Occupancy Growth Operating Initiatives Driving Higher Fee Income Solid Rental Rate Growth BETHESDA, Md., May 01, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the “Company” or “Elme”) (NYSE: ELME), a multifamily REIT, reported financial and operating results today for the quarter ended March 31, 2025: Financial Results Three months ended March 31, 2025 2024 Net loss per diluted share $ (0.05 ) $ (0.04 ) Core FFO per diluted share 0.24 0.23 Operational Highlights Same-store multifamily NOI increased by 5.5% compared to the prior year quarter Same-store Average Effective Monthly Rent Per Home increased 1.7% compared to the prior year quarter Effective blended Lease Rate Growth was 1.9% for our Same-Store Portfolio during the quarter, comprised of effective new Lease Rate Growth of (2.0)% and effective renewal Lease Rate Growth of 5.0% Retention was 62% during the quarter, in line with expectations Same-store multifamily Average Occupancy was 94.8% during the quarter, up 0.5% compared to the prior year quarter Balance Sheet Available liquidity was $324 million as of March 31, 2025, consisting of availability under the Company's revolving credit facility and cash on hand Annualized first quarter Net Debt to Adjusted EBITDA ratio was 5.6x The Company has a strong balance sheet with only $125 million of debt maturing before 2028 and no secured debt “Our operating business delivered strong results this quarter, and demand trends across our portfolio remain solid as we head into our peak leasing season,” said Paul T. |
globenewswire.com |
2025-05-01 20:15:00 |
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| Elme Communities to Release First Quarter 2025 Results on Thursday, May 1st |
BETHESDA, Md., April 07, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the “Company” or “Elme”) (NYSE:ELME), a value-oriented multifamily owner and operator, will release first quarter earnings results after market close on Thursday, May 1, 2025. A conference call to discuss these results will be conducted on Friday, May 2, 2025, at 10:00 am ET. There will also be a webcast presentation with slides. Conference call and webcast access information is as follows: |
globenewswire.com |
2025-04-07 20:15:00 |
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| Why Elme Communities Is A Buy At The Right Price |
Despite federal workforce layoffs, Elme's limited exposure to federal jobs and strong portfolio fundamentals, including high occupancy and rent growth, support its stability. Management anticipates steady revenue and expense growth, with additional NOI expected from managed Wi-Fi initiatives and operational cost savings. Given current economic uncertainties and Elme's fair valuation, I recommend a 'Hold' on the stock until a more attractive entry point around a 15x P/FFO range. |
seekingalpha.com |
2025-04-04 15:42:12 |
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| Elme Communities Appoints Ron Sturzenegger to Board of Trustees |
BETHESDA, Md., March 19, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with communities in the Washington, DC and the Atlanta metro areas, today announced the appointment of Ron D. Sturzenegger to its Board of Trustees (the “Board”), effective immediately. With Mr. Sturzenegger's appointment as an independent trustee, the Board is now comprised of eight trustees, seven of whom are independent. |
globenewswire.com |
2025-03-19 18:30:00 |
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| Inflation Isn't Dead Yet |
US equity markets flirted with fresh record-highs this week while benchmark interest rates hovered around two-month lows as investors weighed positive earnings news against uncomfortable hot inflation data. Complicating the policy outlook for the Federal Reserve, CPI data showed the fastest monthly rise in consumer prices since August, prompting a pledge from Powell for "more work to do." Snapping a two-week losing streak, the S&P 500 rebounded by 1.5%, closing fractionally below its prior record-high set in late January. The tech-heavy Nasdaq 100 rallied nearly 3%. |
seekingalpha.com |
2025-02-16 11:00:00 |
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| Elme Communities (ELME) Q4 2024 Earnings Call Transcript |
Elme Communities (NYSE:ELME ) Q4 2024 Earnings Conference Call February 14, 2025 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 Anthony Paolone - JPMorgan Jamie Feldman - Wells Fargo John Pawlowski - Green Street Cole Bardawill - Wolfe Research Operator Good day, and welcome to the Elme Communities Fourth Quarter 2024 Earnings Conference Call. As a reminder, today's call is being recorded. |
seekingalpha.com |
2025-02-14 23:08:09 |
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| Elme (ELME) Misses Q4 FFO Estimates |
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. |
zacks.com |
2025-02-13 20:46:08 |
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| Elme Communities Announces Fourth Quarter and Full Year 2024 Results |
Board of Trustees Initiates Review of Strategic Alternatives to Maximize Shareholder Value Board of Trustees Initiates Review of Strategic Alternatives to Maximize Shareholder Value |
globenewswire.com |
2025-02-13 18:15:00 |
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| Elme Communities to Release Fourth Quarter 2024 Results on Thursday, February 13th |
BETHESDA, Md., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Elme Communities (“Elme”) (NYSE:ELME), a value-oriented multifamily owner and operator, will release fourth quarter earnings results after market close on Thursday, February 13, 2025. A conference call to discuss these results will be conducted on Friday, February 14, 2025, at 10:00 am ET. There will also be a webcast presentation with slides. Conference call and webcast access information is as follows: |
globenewswire.com |
2025-01-23 18:15:00 |
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| Elme Communities Announces Income Tax Treatment of Its 2024 Dividend Distribution |
BETHESDA, Md., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Elme Communities (NYSE:ELME) announced the income tax treatment of its 2024 dividend distributions. This information represents final income allocations. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Elme Communities dividend distributions. Beginning in 2018, Ordinary Taxable Income Per Share is equal to the 199A dividend that was created by the 2017 Tax Cuts and Jobs Act. |
globenewswire.com |
2025-01-21 18:15:00 |
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| Sector Spotlight: Multifamily REITs - They Survived Until 2025! |
COVID-19 led to a migration to Sunbelt cities, causing a surge in apartment rents and subsequent overbuilding, which is now stabilizing. Multifamily REITs saw a decline in valuations but are now modestly valued with a P/AFFO multiple averaging 18.3x, higher than the broader REIT market. Despite suppressed rent growth and occupancy, strong job markets and reduced new supply suggest the potential for landlords to regain pricing power. |
seekingalpha.com |
2025-01-04 05:57:48 |
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| Elme Communities: Shares Valued Fairly As DC Metro Market Tops Expectations |
ELME Communities owns and operates value-add multifamily properties in the DC metro and Atlanta metro regions of the U.S. The REIT has benefitted from strong operating strength in the DC metro, a market that has been one of the best performing nationally in 2024. The market has benefitted from a combination of low supply growth and robust market wage growth. |
seekingalpha.com |
2024-12-02 13:00:00 |
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| Elme Communities (ELME) Q3 2024 Earnings Call Transcript |
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. |
seekingalpha.com |
2024-11-05 15:49:40 |
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| Elme (ELME) Misses Q3 FFO Estimates |
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. |
zacks.com |
2024-11-04 20:55:32 |
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| Elme Communities Announces Third Quarter 2024 Results |
BETHESDA, Md., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter ended September 30, 2024: |
globenewswire.com |
2024-11-04 18:15:00 |
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| After Plunging -5.52% in 4 Weeks, Here's Why the Trend Might Reverse for Elme (ELME) |
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. |
zacks.com |
2024-10-10 14:35:20 |
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| Elme Communities to Release Third Quarter 2024 Results on Monday, November 4th |
BETHESDA, Md., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Elme Communities (“Elme”) (NYSE:ELME), a value-oriented multifamily owner and operator, will release third quarter earnings results after market close on Monday, November 4, 2024. A conference call to discuss these results will be conducted on Tuesday, November 5, 2024, at 10:00 am ET. There will also be a webcast presentation with slides. Conference call and webcast access information is as follows: |
globenewswire.com |
2024-10-01 20:15:00 |
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| Elme (ELME) Upgraded to Buy: Here's What You Should Know |
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. |
zacks.com |
2024-08-28 17:01:14 |
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| Elme Communities (ELME) Q2 2024 Earnings Call Transcript |
Elme Communities (NYSE:ELME ) Q2 2024 Earnings Conference Call August 2, 2024 9:00 AM ET Company Participants Amy Hopkins - VP, IR Paul McDermott - President & CEO Tiffany Butcher - COO Steven Freishtat - CFO Grant Montgomery - VP, Research Conference Call Participants Cooper Clark - Wells Fargo Anthony Paolone - JPMorgan Michael Gorman - BTIG Ann Chan - Green Street Operator Greetings, and welcome to the Elme Communities Second Quarter 2024 Earnings Conference Call. As a reminder, today's call is being recorded. |
seekingalpha.com |
2024-08-03 01:09:08 |
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| Elme (ELME) Q2 FFO Meet Estimates |
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. |
zacks.com |
2024-08-01 23:05:45 |
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| Elme Communities Announces Second Quarter 2024 Results |
BETHESDA, Md., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter ended June 30, 2024: |
globenewswire.com |
2024-08-01 20:15:00 |
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| Elme Communities: Doesn't Seem Worth The Risks |
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. |
seekingalpha.com |
2024-07-18 13:00:02 |
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| Elme Communities Announces New $500 Million Credit Facility |
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). |
globenewswire.com |
2024-07-11 20:15:00 |
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| Elme Communities to Release Second Quarter 2024 Results on Thursday, August 1st |
BETHESDA, Md., June 24, 2024 (GLOBE NEWSWIRE) -- Elme Communities (“Elme”) (NYSE:ELME), a value-oriented multifamily owner and operator, will release second quarter earnings results after market close on Thursday, August 1, 2024. A conference call to discuss these results will be conducted on Friday, August 2, 2024, at 10:00 am ET. There will also be a live, listen-only webcast presentation. Conference call and webcast access information is as follows: |
globenewswire.com |
2024-06-24 20:15:00 |
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| Amalgamated Bank Cuts Stock Position in Elme Communities (NYSE:ELME) |
Amalgamated Bank trimmed its position in Elme Communities (NYSE:ELME – Free Report) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,310 shares of the company’s stock after selling 911 shares during the period. Amalgamated Bank’s holdings in Elme Communities were worth $486,000 as of its most recent SEC filing. Several other institutional investors also recently bought and sold shares of ELME. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Elme Communities in the third quarter valued at $2,597,000. Qube Research & Technologies Ltd grew its stake in Elme Communities by 486.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 181,428 shares of the company’s stock valued at $2,475,000 after acquiring an additional 150,470 shares during the last quarter. Employees Retirement System of Texas purchased a new position in Elme Communities during the 3rd quarter valued at about $1,228,000. Regency Capital Management Inc. DE acquired a new position in Elme Communities during the fourth quarter worth about $922,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Elme Communities by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,508,433 shares of the company’s stock valued at $20,575,000 after purchasing an additional 51,100 shares in the last quarter. 87.88% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets Separately, Truist Financial lifted their price objective on Elme Communities from $15.00 to $16.00 and gave the stock a “hold” rating in a research report on Wednesday, May 15th. Check Out Our Latest Stock Analysis on Elme Communities Elme Communities Stock Up 0.5 % NYSE:ELME opened at $16.09 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of -26.38 and a beta of 0.87. Elme Communities has a one year low of $12.44 and a one year high of $17.19. The stock has a 50-day simple moving average of $14.56 and a 200 day simple moving average of $14.15. Elme Communities Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Thursday, June 20th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date is Thursday, June 20th. Elme Communities’s dividend payout ratio is presently -118.03%. About Elme Communities (Free Report) 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. Read More Five stocks we like better than Elme Communities What is a SEC Filing? MarketBeat Week in Review – 5/13 – 5/17 What is a Dividend Harvesting Strategy and How Can Investors Profit from it? Take-Two Interactive Software Offers 2nd Chance for Investors What Does a Gap Up Mean in Stocks? How to Play the Gap Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook Want to see what other hedge funds are holding ELME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Elme Communities (NYSE:ELME – Free Report). |
https://www.defenseworld.net |
2024-05-20 09:00:54 |
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| 7 Low-Cost Dividend Stocks to Boost Your Portfolio |
While passive income should be a high priority in your overall investment strategy, acquiring quality names can be expensive, which brings us to low-cost dividend stocks. By moving away from the spotlight, you can find some attractive ideas. |
investorplace.com |
2024-05-09 19:04:41 |
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| Elme Communities (ELME) Q1 2024 Earnings Call Transcript |
Elme Communities (NYSE:ELME ) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Amy Hopkins - Vice President, Investor Relations Paul McDermott - President and Chief Executive Officer Tiffany Butcher - Chief Operating Officer Steven Freishtat - Chief Financial Officer Conference Call Participants Anthony Paolone - JPMorgan Jamie Feldman - Wells Fargo Operator Greetings and welcome to Elme Communities First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. |
seekingalpha.com |
2024-05-05 08:36:10 |
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| Elme Communities Announces First Quarter 2024 Results |
BETHESDA, Md., May 01, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter ended March 31, 2024: |
globenewswire.com |
2024-05-01 20:15:00 |
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| Elme Communities to Release First Quarter 2024 Results on Wednesday, May 1st |
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: |
globenewswire.com |
2024-03-26 18:15:00 |
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| Elme Communities (ELME) Q4 2023 Earnings Call Transcript |
Elme Communities (ELME) Q4 2023 Earnings Call Transcript |
seekingalpha.com |
2024-02-16 17:37:06 |
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