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Elme Communities (ELME) 10-Year Financial Performance & Capital Metrics

ELME • • REIT / Real Estate
Real EstateOffice REITsUrban CBD Office REITsMulti-Market Urban Office Operators
AboutElme Communities owns and operates uniquely positioned real estate assets in the Washington Metro area. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. As of October 29, 2020, the Company's portfolio of 45 properties includes approximately 3.7 million square feet of commercial space and 6,863 multifamily apartment units. These 45 properties consist of 22 multifamily properties,15 office properties, and 8 retail centers. Our shares trade on the NYSE. With a track record of driving returns and delivering satisfaction, we are a trusted authority in one of the nation's most competitive real estate markets.Show more
  • Revenue $242M +6.2%
  • FFO $83M +130.3%
  • FFO/Share 0.94 +129.8%
  • FFO Payout 76.83% -57.0%
  • FFO per Share 0.94 +129.8%
  • NOI Margin 59.67% -2.8%
  • FFO Margin 34.24% +116.9%
  • ROE -1.17% +73.3%
  • ROA -0.7% +75.1%
  • Debt/Assets 37.87% +5.9%
  • Net Debt/EBITDA 5.80 -43.2%
  • Book Value/Share 12.31 -6.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Sustainable FFO payout ratio of 76.8%
  • ✓Trading at only 0.3x book value

✗Weaknesses

  • ✗FFO declining 205.4% TTM
  • ✗Weak momentum: RS Rating 1 (bottom 1%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-1.75%
5Y6.48%
3Y12.67%
TTM3.1%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-921.53%

EPS CAGR

10Y-
5Y-
3Y-
TTM-911.85%

ROCE

10Y Avg2.48%
5Y Avg-0.03%
3Y Avg-0%
Latest1.42%

Peer Comparison

Multi-Market Urban Office Operators
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
DEIDouglas Emmett, Inc.1.84B10.9784.38-3.33%2.22%0.63%9.22%1.51
CMCTCreative Media & Community Trust Corporation3.02M3.19-0.014.41%-37.27%-15.24%1.55
BDNBrandywine Realty Trust533.26M3.07-2.69-1.77%-38.38%-22%9.63%2.14
ELMEElme Communities273.3M3.10-20.676.15%-54.57%-14.82%34.77%0.65

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+306.43M313.26M325.08M336.89M176.75M176M169.15M209.38M227.91M241.94M
Revenue Growth %0.06%0.02%0.04%0.04%-0.48%-0%-0.04%0.24%0.09%0.06%
Property Operating Expenses112.23M115.01M115.65M116.23M69.42M69.13M66.92M81.44M87.94M97.56M
Net Operating Income (NOI)+----------
NOI Margin %----------
Operating Expenses+129.19M127.95M134.64M143.32M57.84M109.3M106.83M129.67M163.04M120.9M
G&A Expenses20.26M19.55M22.58M22.09M26.07M23.95M34.17M28.26M25.89M24.97M
EBITDA+257.08M415.64M316.84M317.46M190.66M117.61M179.13M90M65.89M119.4M
EBITDA Margin %----------
Depreciation & Amortization+108.94M244.14M250.29M239.51M141.18M120.03M179.61M91.72M88.95M95.94M
D&A / Revenue %----------
Operating Income+148.14M171.5M66.56M77.95M49.48M-2.42M-484K-1.72M-23.06M23.47M
Operating Margin %----------
Interest Expense+59.55M53.13M46.79M50.5M53.73M37.3M34.06M24.94M30.43M37.84M
Interest Coverage2.49x3.23x1.42x1.54x0.92x-0.06x-0.01x-0.07x-0.76x0.62x
Non-Operating Income-590K-297K-507K1.18M0594K5.87M4.21M-515K-1.26M
Pretax Income+89.19M118.67M19.53M25.63M-4.25M-40.32M-53.14M-30.87M-52.98M-13.1M
Pretax Margin %----------
Income Tax+0-615K-84K-1.18M000000
Effective Tax Rate %----------
Net Income+89.74M119.34M19.67M25.63M383.55M-15.68M-21.79M-30.87M-52.98M-13.1M
Net Margin %----------
Net Income Growth %-0.2%0.33%-0.84%0.3%13.96%-1.04%-0.39%-0.42%-0.72%0.75%
Funds From Operations (FFO)+----------
FFO Margin %----------
FFO Growth %-0.04%0.83%-0.26%-0.02%0.98%-0.8%0.51%-0.61%-0.41%1.3%
FFO per Share+----------
FFO Payout Ratio %----------
EPS (Diluted)+1.311.650.250.320.55-0.64-0.26-0.69-0.61-0.15
EPS Growth %-0.22%0.26%-0.85%0.28%0.72%-2.16%0.59%-1.65%0.12%0.75%
EPS (Basic)1.311.650.250.320.55-0.64-0.26-0.69-0.61-0.15
Diluted Shares Outstanding68.31M72.34M76.82M79.04M80.33M82.35M84.54M87.39M87.73M87.92M

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+2.19B2.25B2.36B2.42B2.63B2.41B1.88B1.87B1.9B1.85B
Asset Growth %0.04%0.03%0.05%0.02%0.09%-0.08%-0.22%-0%0.01%-0.03%
Real Estate & Other Assets+-54.97M-2.25B-2.36B-2.21B2.39B1.48B1.63B1.85B1.87B1.82B
PP&E (Net)1.98B2.07B2.07B2B000000
Investment Securities0000000000
Total Current Assets+209.88M185.41M286.69M213.82M238.52M933.29M249.29M26.2M26.18M21.12M
Cash & Equivalents23.82M11.3M9.85M6.02M12.94M7.7M233.6M8.39M5.98M6.14M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets109.79M103.47M125.09M223.59M65.18M884.11M-33.25M1.46M2.55M2.46M
Intangible Assets54.97M000000000
Total Liabilities1.35B1.2B1.26B1.35B1.22B1.09B558.93M608.82M745.68M763.68M
Total Debt+1.27B1.11B1.16B1.24B1.1B987.37M496.95M552.36M679.35M698.95M
Net Debt1.24B1.1B1.15B1.24B1.09B979.67M263.35M543.97M673.36M692.81M
Long-Term Debt1.16B991.62M989.5M1.04B1.04B945.37M496.95M497.36M522.35M522.95M
Short-Term Borrowings1000K1000K1000K01000K1000K01000K1000K1000K
Capital Lease Obligations0000000000
Total Current Liabilities+183.54M201.13M265.44M283.32M161.88M139.12M57.32M105.9M217.11M234.45M
Accounts Payable24.38M46.97M61.56M57.95M71.14M44.07M40.59M34.39M39M36.29M
Deferred Revenue12.74M11.75M12.49M11.74M9.35M2.46M2.08M1.58M5.25M6.26M
Other Liabilities114.93M-2.95M175.15M9.5M1.24M-2.99M4.67M5.56M6.22M6.28M
Total Equity+837.01M1.05B1.1B1.07B1.41B1.32B1.32B1.26B1.15B1.08B
Equity Growth %0.02%0.26%0.04%-0.02%0.32%-0.06%-0%-0.04%-0.09%-0.06%
Shareholders Equity835.65M1.05B1.09B1.07B1.41B1.32B1.32B1.26B1.15B1.08B
Minority Interest1.36M1.12M365K351K336K322K307K298K290K281K
Common Stock682K746K785K799K821K844K863K875K879K880K
Additional Paid-in Capital1.19B1.37B1.48B1.53B1.59B1.65B1.7B1.73B1.74B1.74B
Retained Earnings-357.78M-326.05M-399.21M-469.08M-183.41M-298.86M-362.49M-453.01M-569.39M-646.1M
Preferred Stock0000000000
Return on Assets (ROA)0.04%0.05%0.01%0.01%0.15%-0.01%-0.01%-0.02%-0.03%-0.01%
Return on Equity (ROE)0.11%0.13%0.02%0.02%0.31%-0.01%-0.02%-0.02%-0.04%-0.01%
Debt / Assets0.58%0.49%0.49%0.51%0.42%0.41%0.26%0.29%0.36%0.38%
Debt / Equity1.51x1.06x1.05x1.16x0.78x0.75x0.38x0.44x0.59x0.65x
Net Debt / EBITDA4.83x2.65x3.62x3.90x5.70x8.33x1.47x6.04x10.22x5.80x
Book Value per Share12.2514.5414.2613.5217.5816.0415.5814.4613.1612.31

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+107.36M116.93M130.63M147.37M130.92M112.99M89.16M73.21M84.67M95.24M
Operating CF Growth %0.33%0.09%0.12%0.13%-0.11%-0.14%-0.21%-0.18%0.16%0.12%
Operating CF / Revenue %----------
Net Income89.19M119.29M19.61M25.63M383.55M-15.68M16.38M-30.87M-52.98M-13.1M
Depreciation & Amortization108.94M108.41M112.06M121.23M141.18M120.03M95.56M91.72M88.95M95.94M
Stock-Based Compensation5.11M3.49M4.77M6.75M7.74M7.87M8.55M7.99M5.54M5.22M
Other Non-Cash Items3.49M-97.49M11.02M2.1M3.19M2.79M-21.04M11.45M50.97M8.32M
Working Capital Changes-15.65M-16.07M-16.75M-11.04M-14.89M-23.05M-10.3M-7.08M-7.81M-1.13M
Cash from Investing+-93.02M-58.63M-196.35M-38.94M61.04M65.76M702.17M-241.16M-146.22M-43.74M
Acquisitions (Net)137.02M243.62M30.8M174.3M706.06M152.89M0000
Purchase of Investments-186.4M-249.99M-156.52M-141.21M-576.08M-28.81M0000
Sale of Investments01000K00-1000K-1000K0000
Other Investing-90.89M-57.71M-192.49M-37.98M61.53M65.76M702.17M-239.42M-145.81M-43.53M
Cash from Financing+-6.34M-70.82M60.73M-113.41M-184.85M-185.2M-565.4M-56.42M60.24M-51.43M
Dividends Paid-61.51M-85.65M-91.67M-95.06M-96.36M-99.08M-90.73M-59.36M-64.33M-63.64M
Common Dividends-61.51M-85.65M-91.67M-95.06M-96.36M-99.08M-90.73M-59.36M-64.33M-63.64M
Debt Issuance (Net)1000K-1000K1000K-1000K-1000K-1000K-1000K-1000K1000K1000K
Share Repurchases0000000-3.29M-2.07M-1.11M
Other Financing-7.16M-3.05M-4.23M-5.74M1.32M-23.91M-11.24M27.83M-355K-5.68M
Net Change in Cash+8M-12.52M-5M-4.98M7.11M-6.45M225.93M-224.37M-1.31M71K
Exchange Rate Effect0000000000
Cash at Beginning15.83M23.82M17.62M12.62M7.64M14.75M8.29M234.22M9.85M8.54M
Cash at End23.82M11.3M12.62M7.64M14.75M8.3M234.22M9.85M8.54M8.61M
Free Cash Flow+105.23M116.01M126.76M146.41M130.43M54.67M89.16M71.47M84.26M95.03M
FCF Growth %0.33%0.1%0.09%0.15%-0.11%-0.58%0.63%-0.2%0.18%0.13%
FCF / Revenue %----------

Key Ratios

Metric2015201620172018201920202021202220232024
FFO per Share2.915.023.513.356.531.271.870.70.410.94
FFO Payout Ratio30.96%23.56%33.96%35.85%18.36%94.95%57.49%97.55%178.84%76.83%
NOI Margin63.37%63.29%64.42%65.5%60.72%60.72%60.44%61.11%61.42%59.67%
Net Debt / EBITDA4.83x2.65x3.62x3.90x5.70x8.33x1.47x6.04x10.22x5.80x
Debt / Assets57.79%49.33%48.97%51.43%41.84%40.97%26.49%29.5%35.75%37.87%
Interest Coverage2.49x3.23x1.42x1.54x0.92x-0.06x-0.01x-0.07x-0.76x0.62x
Book Value / Share12.2514.5414.2613.5217.5816.0415.5814.4613.1612.31
Revenue Growth6.16%2.23%3.77%3.63%-47.54%-0.42%-3.89%23.78%8.85%6.15%

Revenue by Segment

2015201620172018201920202021202220232024
Residential------150.97M190.5M-223.64M
Residential Growth-------26.19%--
Multifamily--95.25M-126.13M145.04M--209.31M-
Multifamily Growth-----15.00%----
Corporate and Other------18.19M18.88M18.6M-
Corporate and Other Growth-------3.82%-1.48%-
Office----164.06M132.33M----
Office Growth------19.34%----
Office Building---178.47M------
Office Building Growth----------
Multifamily68.54M85.76M-95.19M------
Multifamily Growth-25.13%--------
Retail63.51M61.57M62.39M63.22M------
Retail Growth--3.06%1.34%1.33%------
Office174.38M165.93M167.44M-------
Office Growth--4.84%0.91%-------

Frequently Asked Questions

Growth & Financials

Elme Communities (ELME) reported $247.0M in revenue for fiscal year 2024. This represents a 15% decrease from $289.5M in 2011.

Elme Communities (ELME) grew revenue by 6.2% over the past year. This is steady growth.

Elme Communities (ELME) reported a net loss of $134.8M for fiscal year 2024.

Dividend & Returns

Yes, Elme Communities (ELME) pays a dividend with a yield of 23.35%. This makes it attractive for income-focused investors.

Elme Communities (ELME) has a return on equity (ROE) of -1.2%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Elme Communities (ELME) generated Funds From Operations (FFO) of $-87.7M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Elme Communities (ELME) offers a 23.35% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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