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.

Elevated Housing for Everyday Lifestyles

Latest News

Elme Communities Announces First Quarter 2024 Results

View Press Release

Elme Communities to Release First Quarter 2024 Results on Wednesday, May 1st

View Press Release

Elme Communities Announces Fourth Quarter and Full Year 2023 Results

View Press Release

Elme Communities Announces Income Tax Treatment of its 2023 Dividend Distribution

View Press Release

Latest Presentation

Investor Presentation - June

Recent Event

2024 Annual Meeting of Shareholders

Latest Financial Results

Q1 2024

Quarter ended Mar 31, 2024

Earnings Webcast
Earnings Release and Supplemental Information
10-Q Filing
XBRL

95.1%

Q1 same-store ending occupancy​

3.1%

Q1 same-store YoY growth for average effective monthly rent per home​

6.2%

Q1 same-store renewals​

65%

Q1 same-store resident retention ​

Source: Q1 2024 Earnings Release

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

*Non-GAAP Financial Measures. View full reconciliation in our Q1 earnings press release.

View Reconciliation

Latest Annual Report

For Fiscal Year Ending Dec 31, 2023

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

Elme Communities at a Glance

29

Properties

~9.4K

Residential Homes

300K SF

Commercial space

As of March 31, 2024 • Q1 2024 Earnings Release

~3.3K

Renovation pipeline (Homes)

17%

Q1 Average cash-on-cash renovation ROI​

~$4.5M

FFO upside related to infrastructure and technology investments (expected 2023 – 2025)​

As of March 31, 2024 • Investor Presentation May 2024

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.

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.

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