Added to YB: 2026-08-21
Pitch date: 2026-08-18
ELME [neutral]
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
$143.9M
Pitch Price
$1.62
Price Target
2.50 (+54%)
Dividend
N/A
EV/EBITDA
N/A
P/E
-0.77
EV/Sales
N/A
Sector
Residential REITs
Category
special_situation
Real Assets, Real Value | Performance Review: H1 2026 - Elme Communities
ELME (holding update): REIT liquidation gone wrong. Wrote up at $2.15 w/ $2.50 NLV target; now $1.48 (-31%, -68% IRR). Riverside Apartments fell out of contract in June, mgmt retracted distributions. Doubled down near $1.35-1.55. Now back under contract, est. $1.74-$1.94/sh distributions; NAV $1.89 at Q2. May break even on avg cost.
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