ELME on NYSE
Elme Communities
American real estate investment trust based in Baltimore, active since 19962
In its 2026 annual report the company says: “Elme Communities, a Maryland real estate investment trust, formerly known as Washington Real Estate Investment Trust, is a self-administered equity real estate investment trust within the meaning of Sections 856-860 of the Internal Revenue Code of 1986, as amended and successor to a trust organized in 1960.”5
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Last updated Oct 21, 2026.
Overview
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- TickerELME on NYSE2
- IndustryReal Estate Investment Trusts2
- HeadquartersBaltimore, United States2
- Incorporated inMD3
- Business address7550 Wisconsin Avenue, Suite 900, Bethesda, Md 208143
- Filer categoryLarge accelerated filer3
- Legal formStock Corporation2
- LEI549300DI34BGS8LVKW952
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered address7 ST. PAUL STREET, 21202 Baltimore, United States2
- Registered withBusiness Services (Maryland Department of Assessments and Taxation), D044213012
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Elme Communities, a Maryland real estate investment trust, formerly known as Washington Real Estate Investment Trust (“Elme” or the “Company”), is a self-administered equity real estate investment trust (“REIT”) within the meaning of Sections 856-860 of the Internal Revenue Code of 1986, as amended (the “Code”) and successor to a trust organized in 1960. Our business primarily consists of the ownership of apartment communities in the greater Washington, DC metro and Sunbelt regions. As of December 31, 2025, we owned nine apartment communities and one office property.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Cost of revenue37¢$88.7M
- Other costs63¢$153.2M
Out of $241.9M in revenue.6 The company lost money this year.
Where each dollar of operating cash went, fiscal 2024
- Dividends paid67¢$63.6M
- Kept or used elsewhere33¢$31.6M
Out of $95.2M of cash from operations.6
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Real estate rental revenue | $241.9M | $227.9M |
| Property operating and maintenance | $56.3M | $51.0M |
| Real estate taxes and insurance | $32.4M | $28.8M |
| Property management | $8.9M | $8.1M |
| General and administrative | $25.0M | $25.9M |
| Transformation costs | $0 | $6.3M |
| Depreciation and amortization | $95.9M | $89.0M |
| Real estate impairment | $0 | $41.9M |
| Total expenses | $218.5M | $251.0M |
| Real estate operating (loss) income | $23.5M | -$23.1M |
| Interest expense | -$37.8M | -$30.4M |
| Loss on extinguishment of debt, net | -$147.0K | -$54.0K |
| Other income | $1.4M | $569.0K |
| Total other income (expense) | -$36.6M | -$29.9M |
| Net loss | -$13.1M | -$53.0M |
| Basic net loss per share (in dollars per share) | -$0.15 | -$0.61 |
| Diluted net loss per share (in dollars per share) | -$0.15 | -$0.61 |
| Weighted average shares outstanding basic (in shares) | 87.9M shares | 87.7M shares |
| Weighted average shares outstanding diluted (in shares) | 87.9M shares | 87.7M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2025-10-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Land | $383.8M | ||||
| Income producing property | $776.4M | $2.0B | |||
| Income producing property, at cost | $2.4B | ||||
| Accumulated depreciation and amortization | -$618.3M | ||||
| Income producing property | $1.8B | ||||
| Properties under development or held for future development | $31.0M | ||||
| Total real estate held for investment, net | $1.8B | ||||
| Cash and cash equivalents | $6.6M | $6.1M | $6.0M | ||
| Restricted cash | $2.3M | $2.5M | $2.6M | ||
| Cash, cash equivalents and restricted cash | $1.3B | $8.9M | $8.6M | $8.5M | $9.9M |
| Rents and other receivables | $6.0M | $12.5M | |||
| Prepaid expenses and other assets | $28.6M | ||||
| Total assets | $2.1B | $1.8B | $1.9B | ||
| Notes payable, net | $520.0M | $523.0M | |||
| Line of credit | $176.0M | $157.0M | |||
| Accounts payable and other liabilities | $8.0M | $36.3M | |||
| Dividend payable | $0 | $15.9M | $15.9M | ||
| Advance rents | $6.3M | ||||
| Tenant security deposits | $6.3M | ||||
| Total liabilities | $1.9B | $763.7M | |||
| Preferred shares; $0.01 par value; 10,000 shares authorized; no shares issued or outstanding | $0 | ||||
| Shares of beneficial interest, $0.01 par value; 150,000 shares authorized: 88,029 shares issued and outstanding as of December 31, 2024 | $880.0K | ||||
| Additional paid in capital | $1.7B | ||||
| Distributions in excess of net income | -$646.1M | ||||
| Accumulated other comprehensive loss | -$13.1M | ||||
| Total shareholders equity | $1.1B | ||||
| Noncontrolling interests in subsidiaries | $281.0K | ||||
| Total equity | $887.5M | $1.1B | $1.2B | $1.3B | |
| Total liabilities and equity | $1.8B | ||||
| Preferred shares, par value (in dollars per share) | $0.01 | ||||
| Preferred shares, authorized (in shares) | 10.0M shares | ||||
| Preferred shares, issued (in shares) | 0 shares | ||||
| Preferred shares, outstanding (in shares) | 0 shares | ||||
| Shares of beneficial interest, par value (in dollars per share) | $0.01 | ||||
| Shares of beneficial interest, authorized (in shares) | 150.0M shares | ||||
| Shares of beneficial interest, issued (in shares) | 88.0M shares | ||||
| Beginning balance (in shares) | 88.0M shares |
| Period ending | 2025-12-31 | 2025-10-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Land | $383.8M | ||||
| Income producing property | $776.4M | $2.0B | |||
| Income producing property, at cost | $2.4B | ||||
| Accumulated depreciation and amortization | -$618.3M | ||||
| Income producing property | $1.8B | ||||
| Properties under development or held for future development | $31.0M | ||||
| Total real estate held for investment, net | $1.8B | ||||
| Cash and cash equivalents | $6.6M | $6.1M | $6.0M | ||
| Restricted cash | $2.3M | $2.5M | $2.6M | ||
| Cash, cash equivalents and restricted cash | $1.3B | $8.9M | $8.6M | $8.5M | $9.9M |
| Rents and other receivables | $6.0M | $12.5M | |||
| Prepaid expenses and other assets | $28.6M | ||||
| Total assets | $2.1B | $1.8B | $1.9B | ||
| Notes payable, net | $520.0M | $523.0M | |||
| Line of credit | $176.0M | $157.0M | |||
| Accounts payable and other liabilities | $8.0M | $36.3M | |||
| Dividend payable | $0 | $15.9M | $15.9M | ||
| Advance rents | $6.3M | ||||
| Tenant security deposits | $6.3M | ||||
| Total liabilities | $1.9B | $763.7M | |||
| Preferred shares; $0.01 par value; 10,000 shares authorized; no shares issued or outstanding | $0 | ||||
| Shares of beneficial interest, $0.01 par value; 150,000 shares authorized: 88,029 shares issued and outstanding as of December 31, 2024 | $880.0K | ||||
| Additional paid in capital | $1.7B | ||||
| Distributions in excess of net income | -$646.1M | ||||
| Accumulated other comprehensive loss | -$13.1M | ||||
| Total shareholders equity | $1.1B | ||||
| Noncontrolling interests in subsidiaries | $281.0K | ||||
| Total equity | $887.5M | $1.1B | $1.2B | $1.3B | |
| Total liabilities and equity | $1.8B | ||||
| Preferred shares, par value (in dollars per share) | $0.01 | ||||
| Preferred shares, authorized (in shares) | 10.0M shares | ||||
| Preferred shares, issued (in shares) | 0 shares | ||||
| Preferred shares, outstanding (in shares) | 0 shares | ||||
| Shares of beneficial interest, par value (in dollars per share) | $0.01 | ||||
| Shares of beneficial interest, authorized (in shares) | 150.0M shares | ||||
| Shares of beneficial interest, issued (in shares) | 88.0M shares | ||||
| Beginning balance (in shares) | 88.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$13.1M | -$53.0M | |
| Depreciation and amortization | $95.9M | $89.0M | |
| Credit losses on lease related receivables | $5.2M | $4.8M | |
| Real estate impairment | $0 | $41.9M | |
| Share-based compensation expense | $5.2M | $5.5M | |
| Amortization of debt premiums, discounts and related financing costs | $4.4M | $4.2M | |
| Loss on extinguishment of debt, net | $147.0K | $54.0K | |
| Gain on land easements | -$1.4M | $0 | |
| Changes in other assets | -$6.9M | -$11.3M | |
| Changes in other liabilities | $5.8M | $3.5M | |
| Net cash provided by operating activities | $95.2M | $84.7M | |
| Real estate acquisitions, net | $0 | -$107.6M | |
| Capital improvements to real estate | -$47.4M | -$38.2M | |
| Non-real estate capital improvements | -$212.0K | -$408.0K | |
| Payments received for land easements | $3.9M | $0 | |
| Net cash used in investing activities | -$43.7M | -$146.2M | |
| Line of credit borrowings, net | $19.0M | $102.0M | |
| Dividends paid | -$63.6M | -$64.3M | |
| Repayments of unsecured term loan debt | $0 | -$100.0M | |
| Proceeds from term loan | $0 | $125.0M | |
| Payment of financing costs | -$5.7M | -$844.0K | |
| Distributions to noncontrolling interests | -$9.0K | -$8.0K | |
| Proceeds from dividend reinvestment program | $0 | $0 | $497.0K |
| Payment of tax withholdings for restricted share awards | -$1.1M | -$2.1M | |
| Net cash (used in) provided by financing activities | -$51.4M | $60.2M | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $71.0K | -$1.3M | |
| Cash paid for interest, net of capitalized interest expense | $32.2M | $23.5M | |
| Change in accrued capital improvements and development costs | -$7.9M | $9.6M |
No quarter-by-quarter statement was filed.
Corporate structure
Elme Communities sits at the top of its group. 24 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Elme Communities
- MILLENNIUM MANAGEMENT LLC Filed SCHEDULE 13G/A on Elme Communities, latest Jul 13, 2026 (2 filings since Jan 13, 2026)
- HIGHBRIDGE CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on Elme Communities, latest May 15, 2026 (2 filings since Feb 17, 2026)
- State Street Corporation Filed SCHEDULE 13G on Elme Communities, latest May 12, 2026 (4 filings since Feb 14, 2022)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Elme Communities, latest Mar 26, 2026 (5 filings since Feb 10, 2022)
- BlackRock Filed SCHEDULE 13G/A on Elme Communities, latest Feb 6, 2026 (7 filings since Jan 25, 2022)
- FMR LLC Filed SCHEDULE 13G/A on Elme Communities, latest May 12, 2025 (5 filings since Feb 9, 2022)
- T. Rowe Price Investment Management, Inc. Filed SC 13G/A on Elme Communities, latest Feb 14, 2024 (2 filings since Feb 14, 2023)
- PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on Elme Communities, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
- Elme Communities Baltimore, Maryland, United States
- Elme 3801 Connecticut Ave Trustee LLC Subsidiary · Delaware, United States
- Elme Bethesda Holdings LLC Subsidiary · Delaware, United States
- Elme Bethesda Owner LLC Subsidiary · Delaware, United States
- Elme Conyers LLC Subsidiary · Delaware, United States
- Elme Germantown LLC Subsidiary · Delaware, United States
- Elme Kenmore LLC Subsidiary · Delaware, United States
- Elme Limited Partnership Subsidiary · Delaware, United States
- Elme Marietta LLC Subsidiary · Delaware, United States
- Elme Riverside Apartments LLC Subsidiary · Delaware, United States
- Elme Sandy Springs LLC Subsidiary · Delaware, United States
- Elme Support Services LLC Subsidiary · Delaware, United States
- Elme Watkins Mill LLC Subsidiary · Delaware, United States
- Washington Metro, Inc. Subsidiary · Maryland, United States
- Washington Parking, Inc. Subsidiary · Maryland, United States
- WashREIT 3801 Connecticut Ave Trust Ownership LLC Subsidiary · Delaware, United States
- WashREIT Monument Ii LLC Subsidiary · Delaware, United States
- WashREIT Op LLC Subsidiary · Delaware, United States
- WashREIT Op Sub Dc LLC Subsidiary · Delaware, United States
- WashREIT Riverside LLC Subsidiary · Delaware, United States
- WashREIT Takoma Park Shopping Center LLC Subsidiary · Delaware, United States
- WashREIT Watergate 600 Op LP Subsidiary · Delaware, United States
- WashREIT Wellington LLC Subsidiary · Delaware, United States
- Writ 1140 Ct LLC Subsidiary · Delaware, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Elme Communities reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $1.8B6 Dec 31, 2024 | $1.8B10 Dec 31, 2023 | −2.8% |
| Real estate investments, at cost | $2.4B6 Dec 31, 2024 | $2.3B10 Dec 31, 2023 | +1.7% |
| Real estate accumulated depreciation | $618.3M6 Dec 31, 2024 | $528.0M10 Dec 31, 2023 | +17.1% |
| Real estate properties | 106 Nov 12, 2025 | ||
| Units in real estate properties | 06 Dec 31, 2024 | 06 Dec 31, 2023 |
Investments
Properties, in its own words
The schedule on the following pages lists our real estate investment portfolio as of December 31, 2025, which consisted of nine residential communities, one office building and land held for development. Cost information is included in Schedule III to our financial statements included in this Annual Report on Form 10-K.
Schedule of Properties(1)
The rest of Item 2
Properties · Location · Year Acquired · Year Constructed/Renovated · # of Homes · Average Occupancy, year endedDecember 31, 2025 · Ending Occupancy, as of December 31, 2025
Residential Communities
Riverside Apartments (2) · Alexandria, VA · 2016 · 1971 · 1,222 · 95.2 · 94.1
3801 Connecticut Avenue · Washington, DC · 1963 · 1951 · 307 · 93.8 · 90.2
Kenmore Apartments · Washington, DC · 2008 · 1948 · 371 · 92.1 · 87.6
Elme Bethesda · Bethesda, MD · 1997 · 1986 · 193 · 95.9 · 94.8
Elme Watkins Mill · Gaithersburg, MD · 2019 · 1975 · 210 · 95.6 · 96.2
Elme Germantown · Germantown, MD · 2019 · 1990 · 218 · 96.0 · 91.3
Elme Conyers · Conyers, GA · 2021 · 1999 · 240 · 90.0 · 85.8
Elme Marietta · Marietta, GA · 2022 · 1975 · 420 · 89.0 · 90.5
Elme Sandy Springs · Sandy Springs, GA · 2022 · 1972 · 389 · 89.4 · 91.0
Subtotal Residential Communities · 3,570 · 93.2 · 91.8
Property · Location · Year Acquired · Year Constructed/Renovated · Net Rentable Square Feet · Percent Leased, as ofDecember 31, 2025 (3) · Ending Occupancy, as of December 31, 2025 (3)
Watergate 600 · Washington, DC · 2017 · 1972/1997 · 300,000 · 81.6 · 81.6
(1) See Note 7 for a discussion of the Secured Term Loan.
(2) Includes an undeveloped land parcel held for development adjacent to the Riverside Apartments.
(3) Percent leased and ending occupancy calculations are based on square feet and includes temporary lease agreements for Watergate 600. Percent leased is the percentage of net rentable area for which fully executed leases exist and may include signed leases for space not yet occupied by the tenant.
As of December 31, 2025, pursuant to the Loan Agreement, the Secured Term Loan was secured by first priority mortgages and security interests on the Company’s ten remaining properties. Subsequent to December 31, 2025, we completed the sale of two of the Remaining Company Properties, Elme Sandy Springs and Elme Marietta, which comprise approximately 800 residential apartment homes – for gross proceeds of approximately $112.75 million, a portion of which was used to partially repay the Secured Term Loan, and those properties were released from the mortgages securing the Secured Term Loan.
Item 2 of the 10-K filed Feb 27, 2026.5
Leadership
Who has led Elme Communities, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerGeorge F. McKenzie Sep 13, 2007 to Dec 16, 201314
- Chief executive officerEdmund B. Cronin Jr. Feb 17, 2006 to Jun 1, 200715
- ChairEdmund B. Cronin Jr. Feb 17, 2006 to Jun 1, 200715
- PresidentEdmund B. Cronin Jr. Feb 17, 2006 to May 16, 200615
- PresidentGeorge F. McKenzie Sep 14, 2006 to Dec 16, 201316
- Chief financial officerSteven Freishtat Mar 2, 2023 to now17
- Chief financial officerStephen Edward Riffe Feb 19, 2015 to Feb 16, 202318
- Chief financial officerWilliam T. Camp Nov 12, 2008 to Mar 4, 201519
- Chief financial officerSara Grootwassink Lewis Feb 17, 2006 to Dec 17, 200820
- Chief operating officerTiffany Michelle Butcher Jul 10, 2023 to now21
- Chief operating officerThomas Q. Bakke Apr 14, 2014 to Mar 12, 201922
- Chief operating officerGeorge F. McKenzie Sep 14, 2006 to Mar 13, 200716
Board members and other officers (30)
- SVP & CIOSusan Lilly Gerock Feb 11, 2022 to now23
- SVP, GC & Corporate SecretaryTaryn D. Fielder Mar 29, 2017 to Feb 17, 202224
- VP & CAO elect & ControllerWade Drew Hammond Jul 29, 2015 to now25
- Managing Director-V.P.-RetailPaul S. Weinschenk Feb 7, 2013 to Feb 20, 201526
- Managing Director, ResidentialEdward J. Murn Iv. Apr 5, 2013 to Feb 14, 202027
- Senior V. P. of Real EstateMichael S. Paukstitus May 18, 2007 to Feb 13, 201228
- Managing Dir.- Prop. Mngmt.James Bradley Cederdahl Jan 4, 2006 to May 22, 201429
- Mnging. Dir. -LeasingBrian J. Fitzgerald Feb 8, 2006 to Feb 8, 200630
- Managing Dir. - Prop. Mngmt.Kenneth C. Reed Feb 8, 2006 to Feb 8, 200631
- Mnging. Dir. - AcquisitionsThomas L. Regnell Feb 8, 2006 to Sep 19, 201432
- Exec VP Real EstateGeorge F. McKenzie Feb 17, 2006 to May 16, 200633
- S.V.P. AccountingLaura M. Franklin Feb 17, 2006 to Feb 20, 201534
- Managing Director - LeasingDavid A. Dinardo Mar 3, 2006 to Dec 16, 201035
- Board memberRon D. Sturzenegger Mar 28, 2025 to now36
- Board memberSusan Carras Sep 15, 2023 to now37
- Board memberJennifer S. Banner Jun 2, 2022 to now38
- Board memberEllen M. Goitia Jun 7, 2017 to now39
- Board memberThomas H. Nolan Jr. Jan 29, 2015 to now40
- Board memberBenjamin S. Butcher Jun 18, 2014 to now41
- Board memberAnthony L. Winns Aug 3, 2011 to now42
- Board memberWilliam G. Byrnes May 24, 2010 to May 16, 202343
- Board memberCharles T. Nason Dec 16, 2010 to May 16, 201944
- Board memberEdward S. Civera Dec 16, 2010 to May 16, 202345
- Board memberJohn M. Derrick Jr. Dec 16, 2010 to Feb 14, 201146
- Board memberJohn P. McDaniel Jun 16, 2009 to May 12, 201647
- Board memberTerence C. Golden May 22, 2008 to Dec 10, 201248
- Board memberWendelin A. White May 22, 2008 to Jul 5, 201649
- Board memberGeorge F. McKenzie Dec 16, 2008 to Dec 16, 201350
- Board memberEdmund B. Cronin Jr. Jun 5, 2007 to Mar 22, 201051
- General counselThomas C. Morey Oct 14, 2008 to Jul 26, 201652
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Elme 3801 Connecticut Ave Trustee LLC Delaware4
- Elme Bethesda Holdings LLC Delaware4
- Elme Bethesda Owner LLC Delaware4
- Elme Communities Maryland4
- Elme Conyers LLC Delaware4
- Elme Germantown LLC Delaware4
- Elme Kenmore LLC Delaware4
- Elme Limited Partnership Delaware4
- Elme Marietta LLC Delaware4
- Elme Riverside Apartments LLC Delaware4
- Elme Sandy Springs LLC Delaware4
- Elme Support Services LLC Delaware4
- Elme Watkins Mill LLC Delaware4
- WashREIT 3801 Connecticut Ave Trust Ownership LLC Delaware4
- WashREIT Monument Ii LLC Delaware4
- WashREIT Op LLC Delaware4
- WashREIT Op Sub Dc LLC Delaware4
- WashREIT Riverside LLC Delaware4
- WashREIT Takoma Park Shopping Center LLC Delaware4
- WashREIT Watergate 600 Op LP Delaware4
- WashREIT Wellington LLC Delaware4
- Washington Metro, Inc. Maryland4
- Washington Parking, Inc. Maryland4
- Writ 1140 Ct LLC Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- WASHINGTON REAL ESTATE INVESTMENT TRUSTNov 14, 1994 to Oct 3, 20223
Timeline
- Sep 29, 20268-K Completed an acquisition or sale; Listing notice or transfer; Executive or director change53
- Sep 18, 20268-K Ended a material agreement; Completed an acquisition or sale54
- Aug 20, 20268-K Other events55
- Aug 14, 20268-K Completed an acquisition or sale56
- Jul 24, 20268-K Entered a material agreement; Other events57
- Jun 24, 20268-K Ended a material agreement; Other events58
- May 28, 20268-K Entered a material agreement59
- May 11, 20268-K Other events60
- Jan 23, 20268-K Executive or director change; Other events61
- Nov 26, 20258-K Regulation FD disclosure62
- Nov 18, 20258-K Financial statements and exhibits63
- Nov 14, 20258-K Executive or director change; Regulation FD disclosure64
- Sep 13, 2007New chief executive George F. McKenzie becomes CEO14
- Feb 17, 2006New chief executive Edmund B. Cronin Jr. becomes CEO15
- May 21, 1996Founded Elme Communities is founded2
Calendar
Coming up
- Oct 22, 2026Reports results for the quarter ending Sep/202665
When it reported results
- Oct 23, 2025Reported quarterly or annual results66
- Aug 5, 2025Reported quarterly or annual results67
- May 1, 2025Reported quarterly or annual results68
- Feb 13, 2025Reported quarterly or annual results69
- Nov 4, 2024Reported quarterly or annual results70
- Aug 1, 2024Reported quarterly or annual results71
- May 1, 2024Reported quarterly or annual results72
- Feb 15, 2024Reported quarterly or annual results73
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
290 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 48 major events, 161 insider forms, 29 large holders, 31 other. The latest 20:
- Sep 29, 20268-K EDGAR
- Sep 18, 20268-K EDGAR
- Aug 20, 20268-K EDGAR
- Aug 14, 20268-K EDGAR
- Jul 31, 202610-Q EDGAR
- Jul 24, 20268-K EDGAR
- Jul 13, 2026SCHEDULE 13G/A EDGAR
- Jun 24, 20268-K EDGAR
- May 29, 2026EFFECT EDGAR
- May 28, 20268-K EDGAR
- May 26, 2026S-8 POS EDGAR
- May 26, 2026S-8 POS EDGAR
- May 26, 2026S-8 POS EDGAR
- May 26, 2026S-8 POS EDGAR
- May 26, 2026S-8 POS EDGAR
- May 26, 2026S-8 POS EDGAR
- May 26, 2026S-8 POS S-8 EDGAR
- May 26, 2026POS AM EDGAR
- May 26, 2026POSASR EDGAR
- May 26, 2026POSASR EDGAR
The 290 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- MILLENNIUM MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Jan 13, 2026 to Jul 13, 202674
- HIGHBRIDGE CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Feb 17, 2026 to May 15, 202675
- State Street CorporationSCHEDULE 13G, 4 filings Feb 14, 2022 to May 12, 202676
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Mar 26, 202677
- BlackRockSCHEDULE 13G/A, 7 filings Jan 25, 2022 to Feb 6, 202678
- FMR LLCSCHEDULE 13G/A, 5 filings Feb 9, 2022 to May 12, 202579
- T. Rowe Price Investment Management, Inc.SC 13G/A, 2 filings Feb 14, 2023 to Feb 14, 202480
- PRICE T ROWE ASSOCIATES INC /MD/SC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202381
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2024 | Paul T. McDermottPresident and Chief Executive Officer | 63 | $750.0K | $4.0M82 |
| 2024 | Tiffany M. ButcherExecutive Vice President and Chief Operating Officer | 46 | $425.0K | $1.7M82 |
| 2024 | Steven M. FreishtatExecutive Vice President and Chief Financial Officer | 50 | $325.0K | $1.1M82 |
| 2024 | Susan L. GerockSenior Vice President and Chief Information Officer | 58 | $315.0K | $1.0M82 |
| 2024 | W. Drew HammondSenior Vice President, Chief Administrative Officer and Treasurer | 51 | $315.0K | $881.7K82 |
| 2023 | Paul T. McDermottPresident and Chief Executive Officer | 63 | $750.0K | $3.7M82 |
| 2023 | Tiffany M. ButcherExecutive Vice President and Chief Operating Officer | 46 | $196.2K | $1.0M82 |
| 2023 | Steven M. FreishtatExecutive Vice President and Chief Financial Officer | 50 | $307.8K | $973.8K82 |
| 2023 | Susan L. GerockSenior Vice President and Chief Information Officer | 58 | $315.0K | $968.8K82 |
| 2023 | W. Drew HammondSenior Vice President, Chief Administrative Officer and Treasurer | 51 | $310.2K | $725.8K82 |
| 2022 | Paul T. McDermottPresident and Chief Executive Officer | 63 | $750.0K | $5.3M82 |
| 2022 | Susan L. GerockSenior Vice President and Chief Information Officer | 58 | $315.0K | $972.1K82 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Highbridge Capital Management LLC | 7,501,036 | $10.9M | 0.6% | +5,000 |
| Trium Capital LLP | 3,351,292 | $5.0M | 3.1% | +2,157,674 |
| Vanguard Capital Management LLC | 2,917,483 | $4.3M | 0.0% | +176 |
| Jane Street Group, LLC | 2,747,722 | $4.1M | 0.0% | −1,236,674 |
| Almitas Capital LLC | 2,619,247 | $3.9M | 0.9% | +11,875 |
| Newtyn Management, LLC | 2,500,000 | $3.7M | 0.5% | +2,189,739 |
| Qube Research & Technologies Ltd | 2,433,911 | $3.6M | 0.0% | −74,325 |
| Verition Fund Management LLC | 2,300,000 | $3.4M | 0.0% | −691,973 |
| Millennium Management LLC | 2,196,199 | $3.3M | 0.0% | −3,034,691 |
| Toronto Dominion Bank | 2,150,804 | $3.2M | 0.0% | +350,646 |
| Two Sigma Investments, LP | 2,051,315 | $3.0M | 0.0% | −750,197 |
| Mangrove Partners Im, LLC | 2,045,358 | $3.0M | 0.2% | No change |
| Bulldog Investors, LLP | 2,000,000 | $3.0M | 0.7% | No change |
| Irenic Capital Management LP | 1,909,557 | $2.8M | 0.2% | No change |
| Credit Industriel Et Commercial | 1,625,516 | $2.4M | 0.3% | No change |
| Yakira Capital Management, Inc. | 1,536,103 | $2.3M | 0.7% | +621,063 |
| Man Group plc | 1,287,870 | $1.9M | 0.0% | New |
| Goldman Sachs Group Inc | 1,200,701 | $1.8M | 0.0% | +232,188 |
| DLD Asset Management, LP | 1,095,772 | $1.6M | 0.4% | +5,460 |
| NewGen Asset Management Ltd | 1,041,833 | $1.5M | 0.8% | +465,069 |
| Citadel Advisors LLC | 963,139 | $1.4M | 0.0% | −550,289 |
| Graham Capital Wealth Management, LLC | 961,056 | $1.4M | 1.1% | New |
| Maven Securities LTD | 884,833 | $1.3M | 0.1% | +759,833 |
| Marble Bar Asset Management LLP | 870,102 | $1.3M | 0.9% | −9,898 |
| Tudor Investment Corp Et Al | 827,354 | $1.2M | 0.0% | +160,899 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Elme Communities is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARElme Communities1
- CIK0000104894
- Employer ID (EIN)53-02611005
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inMaryland5
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address7550 Wisconsin Avenue, Suite 900, Bethesda, MD 208141
- Phone20277432001
- Shares outstanding88,857,883 as of Jul 30, 202613
- Public float$1.4B as of Jun 30, 20255
- AuditorErnst & Young LLP, Tysons, Virginia PCAOB ID 42; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceAug 15, 19941
- Filings1,715 in all: 4 (843), 8-K (308), 10-Q (97), SC 13G/A (79), 424B5 (37), 5 (35), DEF 14A (32), 3 (29)1
All 46 form types
8-K/A (28), 10-K (27), SC 13G (26), DEFA14A (19), ARS (15), S-3ASR (13), 424B3 (12), UPLOAD (12), 4/A (11), PRE 14A (9), S-8 POS (8), CORRESP (7), FWP (7), S-8 (7), SCHEDULE 13G/A (7), S-3 (6), 10-K405 (5), 10-K/A (4), 424B2 (4), S-3/A (4), DEFR14A (3), SCHEDULE 13G (3), POSASR (2), SC TO-I/A (2), 10-Q/A (1), 3/A (1), 424B1 (1), 8-A12B (1), 8-B12B (1), DEFM14A (1), EFFECT (1), POS AM (1), POS EX (1), PREM14A (1), S-3MEF (1), S-4 (1), S-4/A (1), SC TO-I (1)
- Latest filingsAnnual report (10-K) Feb 27, 2026
Quarterly report (10-Q) Jul 31, 2026
Proxy statement (DEF 14A) Apr 17, 2025
Latest 8-K (8-K) Sep 29, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Shares of Beneficial Interest | ELME | NYSE |
From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks Elme Communities names in Item 1A of its 10-K filed Feb 27, 2026: 29 risks under these headings, as written.5
- Risks Related to the Plan of Sale and Liquidation
- The pendency of the Plan of Sale and Liquidation, including the proposed sale of the Company’s remaining properties, presents certain risks to our ongoing business and operations.
- We cannot determine at this time the amount or timing of the remaining liquidating distributions, if any, to our shareholders in connection with the Plan of Sale and Liquidation because there are many factors that could affect the amount or timing
- of such liquidating distributions, if any, some of which are not within our control.
- The Plan of Sale and Liquidation may not be completed.
- If we are unable to find buyers for all of our remaining properties on a timely basis or at our expected sales prices, our liquidating distributions may be delayed or reduced.
- Defaults under future sales agreements may delay or reduce liquidating distributions.
- Our ability to implement the Plan of Sale and Liquidation depends upon the participation of key personnel and there is no assurance such key personnel will remain in place.
- Additional liabilities and obligations could arise during the liquidation process.
- We may require additional capital or financing to complete the wind-down of the Company’s business and affairs, dissolution and termination of the Company’s existence under the Plan of Sale and Liquidation, which may reduce the amount available for distribution to shareholders.
- If our transaction costs, liquidation costs or unpaid liabilities are greater than we expect, our liquidating distributions may be delayed or reduced.
- Shareholders may be liable to our creditors, up to the amounts received from us pursuant to the Plan of Sale and Liquidation if our reserve fund or the assets transferred to a liquidating entity are inadequate.
The other 18 risks
- The Company will likely continue to incur the expenses of complying with public company reporting requirements during the wind-down process.
- We anticipate that our common shares will be delisted from the NYSE at a future date to be determined by the Board.
- As a result of the Plan of Sale and Liquidation, certain institutional shareholders may be required to sell their common shares if the common shares fail to meet the requirements to be on certain indexes.
- The Portfolio Sale Transaction and the Plan of Sale and Liquidation, and the actions and transactions contemplated thereby, may lead to shareholder litigation which could result in substantial costs and distract management.
- Risks Related to our Business and Operations
- Our operating performance and value are subject to risks associated with our apartment communities and with the real estate industry, which could adversely affect the value at which we are able to sell our apartment communities.
- Litigation risk could affect our business and the amount of our liquidating distributions.
- We face cybersecurity risks which have the potential to disrupt our operations, cause material harm to our financial condition, result in misappropriation of assets, compromise confidential information and/or damage our business relationships, and we can provide no assurance that the steps we and our service providers take in response to these risks will be effective.
- The market price and trading volume of our common shares may be volatile and may decline regardless of our operating performance, and shareholders may lose all or part of their investment.
- Risks Related to Financing
- High interest rates would increase our interest costs.
- Delay in sales of our remaining properties will increase our expenses and funding costs.
- We face risks associated with the use of debt, including refinancing risk.
- Covenants in our debt agreements could adversely affect our financial condition.
- Risks Related to Our Organizational Structure
- Our rights and the rights of our shareholders to take action against our trustees and officers are limited, which could limit your recourse in the event of actions that you do not believe are in your best interests.
- Risks Related to Taxes and our Status as a REIT
- We may fail to continue to qualify as a REIT, which would reduce the amount of any potential distributions.
- The sale of properties may cause us to incur penalty taxes, or own and sell properties through taxable REIT subsidiaries (“TRS”), each of which would reduce the amount available for distribution to our shareholders.
- Distributing interests in a liquidating trust (or other liquidating entity) may cause you to recognize gain prior to the receipt of cash.
- Partnership tax audit rules could have a material adverse effect on us.
- There is a risk of changes in the tax laws which may adversely affect our taxation as a REIT and taxation of our shareholders.
Legal proceedings
We are involved from time to time in various legal proceedings, lawsuits, examinations by various tax authorities and claims that have arisen in the ordinary course of business. Management believes that the resolution of any such current matters will not have a material adverse effect on our financial condition or results of operations. Matters that arise out of allegations of bodily injury, property damage and employment practices are generally covered by insurance.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARGeorge F. McKenzie, President
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- 23SEC EDGARSusan Lilly Gerock, SVP & CIO
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- 34SEC EDGARLaura M. Franklin, S.V.P. Accounting
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- 36SEC EDGARRon D. Sturzenegger, Board member
- 37SEC EDGARSusan Carras, Board member
- 38SEC EDGARJennifer S. Banner, Board member
- 39SEC EDGAREllen M. Goitia, Board member
- 40SEC EDGARThomas H. Nolan Jr., Board member
- 41SEC EDGARBenjamin S. Butcher, Board member
- 42SEC EDGARAnthony L. Winns, Board member
- 43SEC EDGARWilliam G. Byrnes, Board member
- 44SEC EDGARCharles T. Nason, Board member
- 45SEC EDGAREdward S. Civera, Board member
- 46SEC EDGARJohn M. Derrick Jr., Board member
- 47SEC EDGARJohn P. McDaniel, Board member
- 48SEC EDGARTerence C. Golden, Board member
- 49SEC EDGARWendelin A. White, Board member
- 50SEC EDGARGeorge F. McKenzie, Board member
- 51SEC EDGAREdmund B. Cronin Jr., Board member
- 52SEC EDGARThomas C. Morey, General counsel
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- 55SEC EDGAROther events
- 56SEC EDGARCompleted an acquisition or sale
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- 59SEC EDGAREntered a material agreement
- 60SEC EDGAROther events
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- 62SEC EDGARRegulation FD disclosure
- 63SEC EDGARFinancial statements and exhibits
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- 65NasdaqNasdaq calendar
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