WashREIT is now Elme Communities.

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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 Fourth Quarter and Full Year 2022 Results

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Elme Communities Announces 2022 Dividend Income Tax Treatment

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Elme Communities to Release Fourth Quarter 2022 Results on Thursday, February 16th

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Elme Communities Announces CFO Succession Plan

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Latest Presentation

Investor Presentation - March

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Latest Financial Results

FY 2022

Fiscal Year ended Dec 31, 2022

Earnings Webcast
Transcript Audio
Earnings Release and Supplemental Information
PDF
Presentation
PDF
10-K Filing
PDF HTML
XBRL
ZIP XLS

11.6%

Q4 Same-store multifamily NOI growth

5.7%

Q4 Same-store effective blended lease rate growth

9.7%

Q4 Same-store average effective monthly rent growth per home

95.8%

Same-store occupancy as of February 19, 2023

Source: Q4 2022 Earnings Release

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

*Non-GAAP Financial Measures. View full reconciliation in our Q4 earnings press release.

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Latest Annual Filing

For Fiscal Year Ending Dec 31, 2022

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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.

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Stock Information

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Elme Communities at a Glance

28

Properties

~8.9K

Residential units

300K SF

Commercial space

As of June 30, 2022 • Q2 2022 Earnings Release

~3K

Renovation pipeline (units)

>$725

Average amount saved per month by living at a WashREIT community instead of nearby Class A

2x

Capacity to double our unit count without increasing G&A

As of June 30, 2022 • Investor Presentation July 2022

Our Quarterly Portfolio Highlights

Unit Count by Geographic Market

Q3 2022

As of Sept 30, 2022 • Q3 2022 Earnings Release

Q3 2021

As of Sept. 30, 2021 • Q3 2021 Earnings Release

Real Estate Rental Revenue

(in thousands)

As of Sept 30, 2022 • Q3 2022 Earnings Release

Awards and Partnerships

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

Properties 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 Properties

IR Contacts

Company

Elme Communities
1775 Eye Street NW
Suite 1000
Washington, DC 20006
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 505000
Louisville, KY 40233
T: 800-519-3111
F: 781-575-3605
shareholder@computershare.com