WashREIT owns and operates uniquely positioned real estate assets in the D.C. Metro region. Its portfolio of 43 properties includes approximately 3.4 million square feet of commercial space and 6,863 multifamily apartment units across the region.
The company currently has an enterprise value of approximately $3.0 billion. With a track record of driving returns and delivering satisfaction, WashREIT is a trusted authority in one of the nation’s most competitive real estate 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
650 N. Glebe, LLC • Real Estate Management, Inc. • Trade Rock Manager, Inc. • Washington Metro, Inc. • Washington Parking, Inc. • WashREIT 1220 19th St Grantor Trust Ownership LLC • WashREIT 1220 19th St Trustee LLC • WashREIT 1776 G St Grantor Trust Ownership LLC • WashREIT 1776 G St Trustee LLC • WashREIT 1901 Pennsylvania Ave Grantor Trust Ownership LLC ...
IRS number
530261100
ELME stock data
Analyst ratings and price targets
Latest filings (excl ownership)
10-K
2022 FY
Annual report
17 Feb 23
8-K
Results of Operations and Financial Condition
16 Feb 23
8-K
Elme Communities Announces CFO Succession Plan
9 Nov 22
10-Q
2022 Q3
Quarterly report
28 Oct 22
8-K
Results of Operations and Financial Condition
27 Oct 22
8-K
Amendments to Articles of Incorporation or Bylaws
17 Oct 22
8-K
WashREIT Issues 2023 Guidance and Provides Operating Update
27 Sep 22
10-Q
2022 Q2
Quarterly report
29 Jul 22
8-K
Results of Operations and Financial Condition
28 Jul 22
8-K
Entry into a Material Definitive Agreement
31 May 22
Transcripts
ELME
Earnings call transcript
2022 Q4
17 Feb 23
ELME
Earnings call transcript
2022 Q2
29 Jul 22
ELME
Earnings call transcript
2022 Q1
30 Apr 22
ELME
Earnings call transcript
2021 Q4
18 Feb 22
ELME
Earnings call transcript
2021 Q3
29 Oct 21
ELME
Earnings call transcript
2021 Q2
30 Jul 21
ELME
Earnings call transcript
2021 Q1
1 May 21
ELME
Earnings call transcript
2020 Q4
12 Feb 21
ELME
Earnings call transcript
2020 Q3
30 Oct 20
ELME
Earnings call transcript
2020 Q2
29 Jul 20
Latest ownership filings
3
Steven Freishtat
2 Mar 23
4
STEPHEN EDWARD RIFFEE
16 Feb 23
4
Paul T. McDermott
16 Feb 23
4
Wade Drew Hammond
16 Feb 23
4
Susan Lilly Gerock
16 Feb 23
SC 13G
T. Rowe Price Investment Management, Inc.
14 Feb 23
SC 13G/A
PRICE T ROWE ASSOCIATES INC /MD/
14 Feb 23
SC 13G/A
FMR LLC
10 Feb 23
SC 13G/A
FMR LLC
9 Feb 23
SC 13G/A
VANGUARD GROUP INC
9 Feb 23
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Revenue | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| 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) | 9.85 mm | 9.85 mm | 9.85 mm | 9.85 mm | 9.85 mm | 9.85 mm |
| Cash burn (monthly) | 7.00 k | 18.70 mm | (no burn) | 143.58 k | (no burn) | (no burn) |
| Cash used (since last report) | 19.29 k | 51.52 mm | n/a | 395.68 k | n/a | n/a |
| Cash remaining | 9.83 mm | -41.67 mm | n/a | 9.46 mm | n/a | n/a |
| Runway (months of cash) | 1404.7 | -2.2 | n/a | 65.9 | n/a | n/a |
Institutional ownership, Q4 2022
89.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 184 |
| Opened positions | 20 |
| Closed positions | 33 |
| Increased positions | 60 |
| Reduced positions | 70 |
| 13F shares | Current |
|---|---|
| Total value | 1.39 tn |
| Total shares | 78.87 mm |
| Total puts | 1.70 k |
| Total calls | 5.30 k |
| Total put/call ratio | 0.3 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 16.89 mm | $300.70 bn |
| Vanguard | 14.39 mm | $256.08 bn |
| FMR | 8.64 mm | $153.84 bn |
| STT State Street | 5.71 mm | $102.62 bn |
| T. Rowe Price Investment Management | 4.75 mm | $85.38 bn |
| Thornburg Investment Management | 2.36 mm | $42.31 bn |
| William Blair Investment Management | 1.79 mm | $31.88 bn |
| Geode Capital Management | 1.79 mm | $32.14 bn |
| Allspring Global Investments | 1.79 mm | $31.83 bn |
| Charles Schwab Investment Management | 1.41 mm | $25.04 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 14 Feb 23 | Susan Lilly Gerock | Common Stock | Grant | Acquire A | No | No | 0 | 10,149 | 0.00 | 52,346 |
| 14 Feb 23 | Wade Drew Hammond | Common Stock | Grant | Acquire A | No | No | 0 | 8,145 | 0.00 | 47,782 |
| 14 Feb 23 | Wade Drew Hammond | Common Stock | Grant | Acquire A | No | No | 0 | 4,273 | 0.00 | 39,637 |
| 14 Feb 23 | Paul T. McDermott | Common Stock | Payment of exercise | Dispose F | No | No | 19.04 | 38,096 | 725.35 k | 552,611 |
| 14 Feb 23 | Paul T. McDermott | Common Stock | Grant | Acquire A | No | No | 0 | 93,156 | 0.00 | 590,707 |
| 14 Feb 23 | Paul T. McDermott | Common Stock | Grant | Acquire A | No | No | 0 | 46,636 | 0.00 | 497,551 |
| 14 Feb 23 | Stephen Edward Riffee | Common Stock | Payment of exercise | Dispose F | No | No | 19.04 | 11,681 | 222.41 k | 148,934 |
| 14 Feb 23 | Stephen Edward Riffee | Common Stock | Grant | Acquire A | No | No | 0 | 37,908 | 0.00 | 160,615 |
| 14 Feb 23 | Stephen Edward Riffee | Common Stock | Grant | Acquire A | No | No | 0 | 1,096 | 0.00 | 122,707 |
News
Stocks That Hit 52-Week Lows On Wednesday
22 Mar 23
Truist Securities Maintains Hold on Elme Communities, Raises Price Target to $19
21 Feb 23
Elme Communities Common Stock Q4 EPS $0.24 Up From $0.17 YoY
16 Feb 23
Earnings Scheduled For February 16, 2023
16 Feb 23
Earnings Outlook For Elme Communities Common Stock
15 Feb 23