Investor Relations

Elevated Housing for Everyday Lifestyles

Elme Communities (previously WashREIT) owns and operates communities built to accommodate every life. We place a heavy emphasis on impeccable communication, deep-rooted respect, and sustainable business practices to offer spaces tenants and residents can proudly call home.

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Elevated Housing for Everyday Lifestyles

Latest News

Elme Communities Announces Third Quarter 2024 Results

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Elme Communities to Release Third Quarter 2024 Results on Monday, November 4th

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Elme Communities Announces Second Quarter 2024 Results

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Elme Communities Announces New $500 Million Credit Facility

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Latest Presentation

Investor Presentation - November

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Recent Event

3Q Earnings Conference Call

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Latest Financial Results

Q3 2024

Quarter ended Sep 30, 2024

Earnings Webcast
Audio
Earnings Release and Supplemental Information
PDF
Presentation
PDF
10-Q Filing
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XBRL
ZIP XLS

95.2%

Q3 same-store average occupancy

2.1%

Q3 same-store effective blended lease rate growth​

4.5%

Q3 same-store renewals​

66%

Q3 same-store resident retention ​

Source: Q3 2024 Earnings Release

For complete information regarding our financials, see our periodic filings.

*Non-GAAP Financial Measures. View full reconciliation in our Q3 earnings press release.

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Latest Annual Report

For Fiscal Year Ending Dec 31, 2023

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Couple Hugging

Focusing on Sunbelt Mid-market Renters

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 primarily owns and operates apartment homes in the Washington, DC metro and the Sunbelt. 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.

Our Strategy

Stock Information

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Elme Communities at a Glance

29

Properties

~9.4K

Residential Homes

300K SF

Commercial space

As of September 30, 2024 • Q3 2024 Earnings Release

~3K

Renovation pipeline (Homes)

17%

YTD Average cash-on-cash renovation ROI​

~$3.4M - $3.8M

FFO upside related to infrastructure and technology investments (expected 2024 – 2025)

As of September 30, 2024 • Q3 2024 Earnings Release

Awards and Partnerships

Better Climate Challenge Logo
MSCI ESG Ratings
Energy Star Partner
Breeam Logo
Green lease leader gold
ULI greenprint netzero x 2050 goal

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A multi-market REIT, through geographic expansion into dynamic Sunbelt markets

Elme’s market and submarket selection targets economies with diverse, innovative industries that drive outsized job creation, wage growth and in-migration. Dynamic economies provide the strong foundation of demand upon which we grow our portfolio.

Insight-driven Investments

We use targeted in-house research and precise analytics to recognize the untapped potential in underserved segments of the renter market and seize promising opportunities to deliver value.

What We Do

Communities for Everyday Living

We actively invest, develop, and redevelop with the end user in mind to provide clients with a robust property portfolio that will drive the satisfaction of tenants and residents alike.

Our Communities

IR Contacts

Company

Elme Communities
7550 Wisconsin Avenue
Suite 900
Bethesda, MD 20814
Toll-Free: 800-565-9748
T: 202-774-3200

Investor Relations

Amy Hopkins
Vice President, Investor Relations
T: 202-774-3200
ahopkins@elmecommunities.com

Transfer Agent

Computershare
P.O. Box 43006
Providence RI 02940-3006
T: 800-519-3111
F: 781-575-3605
shareholder@computershare.com