Added to YB: 2026-03-05
Pitch date: 2026-03-04
ELME [bullish]
Elme Communities
Author Info
No bio for this author
Company Info
Elme Communities is committed to elevating what home can be for middle-income renters by providing a higher level of quality, service, and experience.
Market Cap
$188.7M
Pitch Price
N/A
Price Target
2.50 (+16%)
Dividend
33.64%
EV/EBITDA
8.17
P/E
-1.39
EV/Sales
3.61
Sector
Residential REITs
Category
special_situation
ELME Communities (NYSE:ELME)
ELME: Q1 sales closed/under contract at $242M ($140k/unit for Atlanta MF, $175 PSF for Watergate 600 office). 5 properties remain: Riverside (50%+ of value @ ~$235k/unit), DC assets, MoCo MF. Trading $2.15/share vs mgmt $2.35-$2.80 liquidation range. Est NLV $2.50 = 23% IRR by Nov'26. Risk: 70% eff leverage amplifies pricing moves; deferred CAPEX/CapM could hit sale prices.
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