Elme Communities
Elme Communities is committed to elevating what home can be for middle-income renters by providing a higher level of quality, service, and experience. The Company is a multifamily real estate investment trust that owns and operates approximately 9,400 apartment homes in the Washington, DC metro and the Atlanta metro regions, and owns approximately 300,000 square feet of commercial space.
Elme Communities (ELME) - Net Assets
Latest net assets as of September 2025: $909.18 Million USD
Based on the latest financial reports, Elme Communities (ELME) has net assets worth $909.18 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.69 Billion) and total liabilities ($777.68 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $909.18 Million |
| % of Total Assets | 53.9% |
| Annual Growth Rate | 7.43% |
| 5-Year Change | -18.09% |
| 10-Year Change | 29.28% |
| Growth Volatility | 22.65 |
Elme Communities - Net Assets Trend (1985–2024)
This chart illustrates how Elme Communities's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Elme Communities (1985–2024)
The table below shows the annual net assets of Elme Communities from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.08 Billion | -6.26% |
| 2023-12-31 | $1.15 Billion | -8.66% |
| 2022-12-31 | $1.26 Billion | -4.05% |
| 2021-12-31 | $1.32 Billion | -0.31% |
| 2020-12-31 | $1.32 Billion | -6.44% |
| 2019-12-31 | $1.41 Billion | +32.16% |
| 2018-12-31 | $1.07 Billion | -2.45% |
| 2017-12-31 | $1.10 Billion | +4.11% |
| 2016-12-31 | $1.05 Billion | +25.69% |
| 2015-12-31 | $837.01 Million | +1.80% |
| 2014-12-31 | $822.23 Million | +8.27% |
| 2013-12-31 | $759.45 Million | -4.61% |
| 2012-12-31 | $796.14 Million | -7.73% |
| 2011-12-31 | $862.83 Million | +0.23% |
| 2010-12-31 | $860.86 Million | +14.92% |
| 2009-12-31 | $749.06 Million | +18.86% |
| 2008-12-31 | $630.19 Million | +28.53% |
| 2007-12-31 | $490.32 Million | +10.51% |
| 2006-12-31 | $443.67 Million | +16.15% |
| 2005-12-31 | $381.98 Million | +3.90% |
| 2004-12-31 | $367.64 Million | -3.34% |
| 2003-12-31 | $380.35 Million | +16.06% |
| 2002-12-31 | $327.73 Million | +0.77% |
| 2001-12-31 | $325.22 Million | +24.98% |
| 2000-12-31 | $260.21 Million | +0.58% |
| 1999-12-31 | $258.71 Million | +1.35% |
| 1998-12-31 | $255.26 Million | +1.26% |
| 1997-12-31 | $252.09 Million | +28.86% |
| 1996-12-31 | $195.62 Million | -2.06% |
| 1995-12-31 | $199.73 Million | +29.15% |
| 1994-12-31 | $154.66 Million | -1.68% |
| 1993-12-31 | $157.30 Million | -1.07% |
| 1992-12-31 | $159.00 Million | +32.61% |
| 1991-12-31 | $119.90 Million | +32.34% |
| 1990-12-31 | $90.60 Million | -0.98% |
| 1989-12-31 | $91.50 Million | +48.54% |
| 1988-12-31 | $61.60 Million | -- |
| 1987-12-31 | $0.00 | -- |
| 1986-12-31 | $64.60 Million | -2.27% |
| 1985-12-31 | $66.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Elme Communities's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 3856.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $880.00K | 0.08% |
| Other Comprehensive Income | $-13.07 Million | -1.21% |
| Other Components | $1.74 Billion | 160.85% |
| Total Equity | $1.08 Billion | 100.00% |
Elme Communities Competitors by Market Cap
The table below lists competitors of Elme Communities ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
UEM Sunrise Bhd
KLSE:5148
|
$160.21 Million |
|
Standard Chemical & Pharmaceutical Co Ltd
TW:1720
|
$160.24 Million |
|
Jinhua Chunguang Technology Co Ltd
SHG:603657
|
$160.27 Million |
|
Hunan Copote Science Technology Co Ltd
SHG:600476
|
$160.29 Million |
|
Nam Tai Property Inc.
PINK:NTPIF
|
$160.20 Million |
|
Taekwang Ind
KO:003240
|
$160.16 Million |
|
Formosa Laboratories Inc
TW:4746
|
$160.16 Million |
|
Cellectis SA
NASDAQ:CLLS
|
$160.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Elme Communities's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,154,060,000 to 1,081,797,000, a change of -72,263,000 (-6.3%).
- Net loss of 13,103,000 reduced equity.
- Dividend payments of 63,636,000 reduced retained earnings.
- Share repurchases of 1,111,000 reduced equity.
- Other comprehensive income decreased equity by 108,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-13.10 Million | -1.21% |
| Dividends Paid | $63.64 Million | -5.88% |
| Share Repurchases | $1.11 Million | -0.1% |
| Other Comprehensive Income | $-108.00K | -0.01% |
| Other Changes | $5.70 Million | +0.53% |
| Total Change | $- | -6.26% |
Book Value vs Market Value Analysis
This analysis compares Elme Communities's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.17x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.58x to 0.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $3.59 | $2.09 | x |
| 1986-12-31 | $3.14 | $2.09 | x |
| 1988-12-31 | $2.97 | $2.09 | x |
| 1989-12-31 | $4.10 | $2.09 | x |
| 1990-12-31 | $3.88 | $2.09 | x |
| 1991-12-31 | $4.89 | $2.09 | x |
| 1992-12-31 | $5.92 | $2.09 | x |
| 1993-12-31 | $5.56 | $2.09 | x |
| 1994-12-31 | $5.48 | $2.09 | x |
| 1995-12-31 | $6.73 | $2.09 | x |
| 1996-12-31 | $6.16 | $2.09 | x |
| 1997-12-31 | $7.53 | $2.09 | x |
| 1998-12-31 | $7.10 | $2.09 | x |
| 1999-12-31 | $7.20 | $2.09 | x |
| 2000-12-31 | $7.22 | $2.09 | x |
| 2001-12-31 | $8.53 | $2.09 | x |
| 2002-12-31 | $8.31 | $2.09 | x |
| 2003-12-31 | $9.53 | $2.09 | x |
| 2004-12-31 | $8.76 | $2.09 | x |
| 2005-12-31 | $9.01 | $2.09 | x |
| 2006-12-31 | $10.07 | $2.09 | x |
| 2007-12-31 | $10.55 | $2.09 | x |
| 2008-12-31 | $12.69 | $2.09 | x |
| 2009-12-31 | $13.08 | $2.09 | x |
| 2010-12-31 | $13.77 | $2.09 | x |
| 2011-12-31 | $13.02 | $2.09 | x |
| 2012-12-31 | $11.93 | $2.09 | x |
| 2013-12-31 | $11.34 | $2.09 | x |
| 2014-12-31 | $12.26 | $2.09 | x |
| 2015-12-31 | $12.23 | $2.09 | x |
| 2016-12-31 | $14.53 | $2.09 | x |
| 2017-12-31 | $14.25 | $2.09 | x |
| 2018-12-31 | $13.51 | $2.09 | x |
| 2019-12-31 | $17.57 | $2.09 | x |
| 2020-12-31 | $16.04 | $2.09 | x |
| 2021-12-31 | $15.57 | $2.09 | x |
| 2022-12-31 | $14.46 | $2.09 | x |
| 2023-12-31 | $13.15 | $2.09 | x |
| 2024-12-31 | $12.30 | $2.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Elme Communities utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.21%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.42%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.71x
- Recent ROE (-1.21%) is below the historical average (10.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 19.52% | 63.86% | 0.25x | 1.24x | $6.29 Million |
| 1986 | 15.94% | 45.58% | 0.28x | 1.23x | $3.84 Million |
| 1988 | 18.83% | 44.11% | 0.34x | 1.24x | $5.44 Million |
| 1989 | 15.63% | 47.83% | 0.28x | 1.16x | $5.15 Million |
| 1990 | 17.77% | 49.69% | 0.30x | 1.18x | $7.04 Million |
| 1991 | 15.35% | 51.69% | 0.26x | 1.13x | $6.41 Million |
| 1992 | 12.83% | 54.55% | 0.20x | 1.17x | $4.50 Million |
| 1993 | 14.75% | 55.77% | 0.26x | 1.03x | $7.47 Million |
| 1994 | 14.95% | 50.81% | 0.25x | 1.16x | $7.66 Million |
| 1995 | 13.07% | 49.63% | 0.22x | 1.21x | $6.13 Million |
| 1996 | 14.29% | 42.67% | 0.21x | 1.63x | $8.40 Million |
| 1997 | 11.95% | 37.94% | 0.17x | 1.86x | $4.93 Million |
| 1998 | 16.18% | 39.64% | 0.19x | 2.20x | $15.69 Million |
| 1999 | 17.23% | 37.24% | 0.20x | 2.37x | $18.58 Million |
| 2000 | 17.45% | 33.50% | 0.21x | 2.44x | $19.27 Million |
| 2001 | 16.18% | 35.27% | 0.21x | 2.19x | $19.99 Million |
| 2002 | 15.89% | 33.75% | 0.20x | 2.32x | $19.22 Million |
| 2003 | 11.85% | 27.40% | 0.18x | 2.45x | $7.01 Million |
| 2004 | 12.45% | 26.43% | 0.17x | 2.77x | $8.96 Million |
| 2005 | 20.41% | 40.85% | 0.17x | 3.00x | $39.61 Million |
| 2006 | 8.75% | 17.60% | 0.14x | 3.46x | $-5.53 Million |
| 2007 | 12.72% | 24.20% | 0.13x | 3.90x | $13.23 Million |
| 2008 | 5.24% | 11.63% | 0.13x | 3.37x | $-29.80 Million |
| 2009 | 5.47% | 13.28% | 0.15x | 2.74x | $-33.78 Million |
| 2010 | 4.37% | 12.56% | 0.14x | 2.53x | $-48.28 Million |
| 2011 | 12.21% | 36.23% | 0.14x | 2.47x | $18.98 Million |
| 2012 | 2.99% | 7.77% | 0.14x | 2.68x | $-55.50 Million |
| 2013 | 4.95% | 14.20% | 0.13x | 2.62x | $-38.15 Million |
| 2014 | 13.62% | 38.68% | 0.14x | 2.58x | $29.68 Million |
| 2015 | 10.74% | 29.29% | 0.14x | 2.62x | $6.18 Million |
| 2016 | 11.36% | 38.10% | 0.14x | 2.14x | $14.24 Million |
| 2017 | 1.80% | 6.05% | 0.14x | 2.15x | $-89.83 Million |
| 2018 | 2.40% | 7.61% | 0.14x | 2.26x | $-81.18 Million |
| 2019 | 27.17% | 217.00% | 0.07x | 1.86x | $242.38 Million |
| 2020 | -1.19% | -8.91% | 0.07x | 1.82x | $-147.76 Million |
| 2021 | -1.65% | -12.88% | 0.09x | 1.42x | $-153.46 Million |
| 2022 | -2.44% | -14.74% | 0.11x | 1.48x | $-157.22 Million |
| 2023 | -4.59% | -23.24% | 0.12x | 1.65x | $-168.38 Million |
| 2024 | -1.21% | -5.42% | 0.13x | 1.71x | $-121.28 Million |
Industry Comparison
This section compares Elme Communities's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $1,567,460,600
- Average return on equity (ROE) among peers: 0.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Elme Communities (ELME) | $909.18 Million | 19.52% | 0.86x | $160.21 Million |
| Apartment Investment and Management Co (AIV) | $1.90 Billion | 3.39% | 1.24x | $560.76 Million |
| American Homes 4 Rent (AMH) | $3.47 Million | -1.21% | 0.01x | $9.13 Billion |
| Altarea SCA (ATRRF) | $807.10 Million | -58.59% | 3.65x | $599.60 Million |
| AvalonBay Communities Inc (AVB) | $10.99 Billion | 7.15% | 0.74x | $22.59 Billion |
| Bluerock Homes Trust Inc. (BHM) | $461.97 Million | 7.43% | 0.17x | $26.77 Million |
| Boardwalk Real Estate Investment Trust (BOWFF) | $8.10 Million | 4.94% | 13.70x | $1.81 Billion |
| BRT Realty Trust (BRT) | $132.06 Million | 9.09% | 0.50x | $165.50 Million |
| BSR Real Estate Investment Trust (BSRTF) | $975.75 Million | 23.29% | 1.11x | $404.42 Million |
| Canadian Apartment Properties REIT (CDPYF) | $204.11 Million | 8.76% | 1.59x | $4.34 Billion |
| Clipper Realty Inc (CLPR) | $185.59 Million | -1.27% | 4.67x | $39.85 Million |