washington reit is a value-creation focused owner and operator of high-quality office, retail and multifamily assets in the washington metro area. our portfolio of 49 properties spans over 6 million square feet of commercial space and over 4,480 multifamily apartment units. our shares trade on the nyse and our company currently has an enterprise value of $3 billion. we have over five decades of operating history exclusively in the washington, dc area and pride ourselves on being a local sharp-shooter in one of our nation’s key gateway markets.
Company profile
Ticker
ELME
Exchange
Website
CEO
Paul McDermott
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
WASHINGTON REAL ESTATE INVESTMENT TRUST
SEC CIK
Corporate docs
Subsidiaries
Elme 3801 Connecticut Ave Trustee LLC • WashREIT 3801 Connecticut Ave Trust Ownership LLC • Elme Alexandria LLC • Elme Cascade at Landmark LLC • Elme Conyers LLC • Elme Cumberland LLC • Elme Druid Hills LLC • Elme Dulles LLC • Elme Eagles Landing 860 LLC • Elme Eagles Landing 900 LLC ...
IRS number
530261100
ELME stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
18 Apr 24
DEF 14A
Definitive proxy
18 Apr 24
DEFA14A
Additional proxy soliciting materials
18 Apr 24
8-K
Other Events
20 Feb 24
424B3
Prospectus supplement
20 Feb 24
424B5
Prospectus supplement for primary offering
20 Feb 24
S-3ASR
Automatic shelf registration
20 Feb 24
S-3ASR
Automatic shelf registration
20 Feb 24
10-K
2023 FY
Annual report
16 Feb 24
8-K
Results of Operations and Financial Condition
15 Feb 24
Transcripts
ELME
Earnings call transcript
2023 Q4
16 Feb 24
ELME
Earnings call transcript
2023 Q3
27 Oct 23
ELME
Earnings call transcript
2023 Q2
1 Aug 23
ELME
Earnings call transcript
2023 Q1
28 Apr 23
ELME
Earnings call transcript
2022 Q4
17 Feb 23
ELME
Earnings call transcript
2022 Q3
28 Oct 22
ELME
Earnings call transcript
2022 Q2
29 Jul 22
ELME
Earnings call transcript
2022 Q2
29 Jul 22
ELME
Earnings call transcript
2022 Q1
30 Apr 22
ELME
Earnings call transcript
2022 Q1
28 Apr 22
Latest ownership filings
4
Benjamin S Butcher
1 Apr 24
4
JENNIFER S BANNER
1 Apr 24
4
Paul T. McDermott
16 Feb 24
4
Wade Drew Hammond
16 Feb 24
4
Susan Lilly Gerock
16 Feb 24
4
Steven Freishtat
16 Feb 24
4
Tiffany Michelle Butcher
16 Feb 24
SC 13G/A
T. Rowe Price Investment Management, Inc.
14 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
FMR LLC
9 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 10.18 mm | 10.18 mm | 10.18 mm | 10.18 mm | 10.18 mm | 10.18 mm |
Cash burn (monthly) | (no burn) | (no burn) | 12.07 mm | 2.22 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 80.64 mm | 14.80 mm | n/a | n/a |
Cash remaining | n/a | n/a | -70.46 mm | -4.62 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | -5.8 | -2.1 | n/a | n/a |
Institutional ownership, Q3 2023
87.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 216 |
Opened positions | 25 |
Closed positions | 14 |
Increased positions | 88 |
Reduced positions | 68 |
13F shares | Current |
---|---|
Total value | 1.05 tn |
Total shares | 77.14 mm |
Total puts | 2.70 k |
Total calls | 12.70 k |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 16.69 mm | $227.67 bn |
Vanguard | 14.28 mm | $194.72 bn |
STT State Street | 5.65 mm | $78.02 bn |
FMR | 5.10 mm | $69.61 bn |
Thornburg Investment Management | 2.36 mm | $32.16 bn |
Allspring Global Investments | 2.14 mm | $29.23 bn |
Geode Capital Management | 2.00 mm | $27.35 bn |
Nuveen Asset Management | 1.73 mm | $23.61 bn |
William Blair Investment Management | 1.71 mm | $23.27 bn |
Centersquare Investment Management | 1.52 mm | $20.69 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
29 Mar 24 | Jennifer S Banner | Common Stock | Grant | Acquire A | No | No | 0 | 987.787 | 0.00 | 15,992.754 |
29 Mar 24 | Butcher Benjamin S | Common Stock | Grant | Acquire A | No | No | 0 | 1,885.776 | 0.00 | 70,615.121 |
14 Feb 24 | Wade Drew Hammond | Common Stock | Grant | Acquire A | No | No | 0 | 8,618 | 0.00 | 55,616 |
14 Feb 24 | Susan Lilly Gerock | Common Stock | Grant | Acquire A | No | No | 0 | 12,281 | 0.00 | 61,333 |
14 Feb 24 | Steven Freishtat | Common Stock | Grant | Acquire A | No | No | 0 | 12,004 | 0.00 | 43,259 |