ELME on NYSE

Elme Communities

American real estate investment trust based in Baltimore, active since 1996.

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Last updated Oct 18, 2026.

Overview

Compare with SBA Communications, NexPoint Residential Trust, Inc. or UMH Properties, or pick any stock.

  • TickerELME on NYSE
  • IndustryReal Estate Investment Trusts
  • HeadquartersBaltimore, United States
  • Incorporated inMD2
  • Business address7550 Wisconsin Avenue, Suite 900, Bethesda, Md 208142
  • Filer categoryLarge accelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

63.3%Gross margin3
9.7%Operating margin3
-5.4%Net margin3
6.2%Revenue growth, 20243
-1.2%Return on equity3

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue37¢$88.7M
  • Other costs63¢$153.2M

Out of $241.9M in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2024

  • Dividends paid67¢$63.6M
  • Kept or used elsewhere33¢$31.6M

Out of $95.2M of cash from operations.3

Financial statements

Revenue45673$241.9M in 2024+37% since 2019
0$100.0M$200.0M$300.0M2019: $176.7M$176.7M20192020: $176.0M$176.0M2020−0%2021: $169.2M$169.2M2021−4%2022: $209.4M$209.4M2022+24%2023: $227.9M$227.9M2023+9%2024: $241.9M$241.9M2024+6%
Gross profit45673$153.2M in 2024+35% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $113.4M$113.4M20192020: $113.0M$113.0M2020−0%2021: $108.4M$108.4M2021−4%2022: $135.4M$135.4M2022+25%2023: $148.1M$148.1M2023+9%2024: $153.2M$153.2M2024+3%
Operating income45673$23.5M in 2024−53% since 2019
-$40.0M-$20.0M0$20.0M$40.0M$60.0M2019: $49.5M$49.5M20192020: -$2.4M-$2.4M20202021: -$4.6M-$4.6M2021+90%2022: -$1.7M-$1.7M2022−62%2023: -$23.1M-$23.1M2023+1239%2024: $23.5M$23.5M2024
Net income45673-$13.1M in 2024
-$200.0M0$200.0M$400.0M2019: $383.6M$383.6M20192020: -$15.7M-$15.7M20202021: $16.4M$16.4M20212022: -$30.9M-$30.9M20222023: -$53.0M-$53.0M2023+72%2024: -$13.1M-$13.1M2024−75%

Every line of the income statement as filed: the last 2 fiscal years, latest first.3

Period ending2024-12-312023-12-31
Real estate rental revenue$241.9M$227.9M
Property operating and maintenance$56.3M$51.0M
Real estate taxes and insurance$32.4M$28.8M
Property management$8.9M$8.1M
General and administrative$25.0M$25.9M
Transformation costs$0$6.3M
Depreciation and amortization$95.9M$89.0M
Real estate impairment$0$41.9M
Total expenses$218.5M$251.0M
Real estate operating (loss) income$23.5M-$23.1M
Interest expense-$37.8M-$30.4M
Loss on extinguishment of debt, net-$147.0K-$54.0K
Other income$1.4M$569.0K
Total other income (expense)-$36.6M-$29.9M
Net loss-$13.1M-$53.0M
Basic net loss per share (in dollars per share)-$0.15-$0.61
Diluted net loss per share (in dollars per share)-$0.15-$0.61
Weighted average shares outstanding basic (in shares)87.9M shares87.7M shares
Weighted average shares outstanding diluted (in shares)87.9M shares87.7M shares

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Leadership

Who has led Elme Communities, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Edmund B. Cronin Jr.2006–2007
  2. George F. McKenzie2007–2013

Chair

  1. Edmund B. Cronin Jr.2006–2007

President

  1. Edmund B. Cronin Jr.2006
  2. George F. McKenzie2006–2013

Chief financial officer

  1. Sara Grootwassink Lewis2006–2008
  2. William T. Camp2008–2015
  3. Stephen Edward Riffe2015–2023
  4. Steven Freishtat2023–now

Chief operating officer

  1. George F. McKenzie2006–2007
  2. Thomas Q. Bakke2014–2019
  3. Tiffany Michelle Butcher2023–now
2010201520202025
Board members and other officers (30)

Former names

  • WASHINGTON REAL ESTATE INVESTMENT TRUSTNov 14, 1994 to Oct 3, 20222

Timeline

  1. Sep 13, 2007New chief executive George F. McKenzie becomes CEO11
  2. Feb 17, 2006New chief executive Edmund B. Cronin Jr. becomes CEO12
  3. May 21, 1996Founded Elme Communities is founded50

Filings

289 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 48 major events, 161 insider forms, 28 large holders, 31 other. The latest 20:

  1. Sep 29, 20268-K EDGAR
  2. Sep 18, 20268-K EDGAR
  3. Aug 20, 20268-K EDGAR
  4. Aug 14, 20268-K EDGAR
  5. Jul 31, 202610-Q EDGAR
  6. Jul 24, 20268-K EDGAR
  7. Jul 13, 2026SCHEDULE 13G/A EDGAR
  8. Jun 24, 20268-K EDGAR
  9. May 29, 2026EFFECT EDGAR
  10. May 28, 20268-K EDGAR
  11. May 26, 2026S-8 POS EDGAR
  12. May 26, 2026S-8 POS EDGAR
  13. May 26, 2026S-8 POS EDGAR
  14. May 26, 2026S-8 POS EDGAR
  15. May 26, 2026S-8 POS EDGAR
  16. May 26, 2026S-8 POS EDGAR
  17. May 26, 2026S-8 POS S-8 EDGAR
  18. May 26, 2026POS AM EDGAR
  19. May 26, 2026POSASR EDGAR
  20. May 26, 2026POSASR EDGAR

The 289 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 28 such filings since October 2021, the latest 10:

  1. Jul 13, 2026SCHEDULE 13G/A
  2. May 15, 2026SCHEDULE 13G/A
  3. May 12, 2026SCHEDULE 13G
  4. Mar 26, 2026SCHEDULE 13G/A
  5. Feb 17, 2026SCHEDULE 13G
  6. Feb 6, 2026SCHEDULE 13G/A
  7. Feb 5, 2026SCHEDULE 13G/A
  8. Jan 13, 2026SCHEDULE 13G
  9. May 12, 2025SCHEDULE 13G/A
  10. Feb 14, 2024SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Highbridge Capital Management LLC7,501,036$10.9M0.6%+5,000
Trium Capital LLP3,351,292$5.0M3.1%+2,157,674
Vanguard Capital Management LLC2,917,483$4.3M0.0%+176
Jane Street Group, LLC2,747,722$4.1M0.0%−1,236,674
Almitas Capital LLC2,619,247$3.9M0.9%+11,875
Newtyn Management, LLC2,500,000$3.7M0.5%+2,189,739
Qube Research & Technologies Ltd2,433,911$3.6M0.0%−74,325
Verition Fund Management LLC2,300,000$3.4M0.0%−691,973
Millennium Management LLC2,196,199$3.3M0.0%−3,034,691
Toronto Dominion Bank2,150,804$3.2M0.0%+350,646
Two Sigma Investments, LP2,051,315$3.0M0.0%−750,197
Mangrove Partners Im, LLC2,045,358$3.0M0.2%No change
Bulldog Investors, LLP2,000,000$3.0M0.7%No change
Irenic Capital Management LP1,909,557$2.8M0.2%No change
Credit Industriel Et Commercial1,625,516$2.4M0.3%No change
Yakira Capital Management, Inc.1,536,103$2.3M0.7%+621,063
Man Group plc1,287,870$1.9M0.0%New
Goldman Sachs Group Inc1,200,701$1.8M0.0%+232,188
DLD Asset Management, LP1,095,772$1.6M0.4%+5,460
NewGen Asset Management Ltd1,041,833$1.5M0.8%+465,069
Citadel Advisors LLC963,139$1.4M0.0%−550,289
Graham Capital Wealth Management, LLC961,056$1.4M1.1%New
Maven Securities LTD884,833$1.3M0.1%+759,833
Marble Bar Asset Management LLP870,102$1.3M0.9%−9,898
Tudor Investment Corp Et Al827,354$1.2M0.0%+160,899

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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