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
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
30 May 23
10-Q
2023 Q1
Quarterly report
28 Apr 23
8-K
Results of Operations and Financial Condition
27 Apr 23
ARS
2022 FY
Annual report to shareholders
6 Apr 23
DEFA14A
Additional proxy soliciting materials
6 Apr 23
DEF 14A
Definitive proxy
6 Apr 23
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
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
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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| Revenue | |||||
| Cost of revenue | |||||
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| 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) | 8.53 mm | 8.53 mm | 8.53 mm | 8.53 mm | 8.53 mm | 8.53 mm |
| Cash burn (monthly) | 440.33 k | 10.98 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 959.74 k | 23.94 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 7.57 mm | -15.41 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 17.2 | -1.4 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
88.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 201 |
| Opened positions | 34 |
| Closed positions | 17 |
| Increased positions | 73 |
| Reduced positions | 61 |
| 13F shares | Current |
|---|---|
| Total value | 1.38 tn |
| Total shares | 77.97 mm |
| Total puts | 7.20 k |
| Total calls | 18.90 k |
| Total put/call ratio | 0.4 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 17.06 mm | $304.76 bn |
| Vanguard | 14.60 mm | $260.69 bn |
| FMR | 9.00 mm | $160.80 bn |
| STT State Street | 5.67 mm | $102.28 bn |
| T. Rowe Price Investment Management | 2.79 mm | $49.77 bn |
| Thornburg Investment Management | 2.36 mm | $42.09 bn |
| Allspring Global Investments | 2.04 mm | $36.52 bn |
| Geode Capital Management | 1.92 mm | $34.36 bn |
| William Blair Investment Management | 1.80 mm | $32.12 bn |
| Charles Schwab Investment Management | 1.44 mm | $25.64 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 May 23 | Jennifer S Banner | Common Stock | Grant | Acquire A | No | No | 0 | 3,084 | 0.00 | 8,376.565 |
| 15 May 23 | Butcher Benjamin S | Common Stock | Grant | Acquire A | No | No | 0 | 3,084 | 0.00 | 58,191.853 |
| 15 May 23 | Byrnes William G | Common Stock | Grant | Acquire A | No | No | 0 | 3,084 | 0.00 | 102,765.685 |
| 15 May 23 | Civera Edward S | Common Stock | Grant | Acquire A | No | No | 0 | 3,084 | 0.00 | 80,438.93 |
| 15 May 23 | Goitia Ellen M. | Common Stock | Grant | Acquire A | No | No | 0 | 3,084 | 0.00 | 28,364.922 |