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Elme Communities (ELME)
NYSE:ELME
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.04Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 01, 2025
|% Change Since: 2.01%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance for the first quarter of 2025, with significant growth in revenue and NOI, positive leasing trends, and successful initiatives like the managed Wi-Fi program. However, there was acknowledgment of potential economic impacts and uncertainty regarding the strategic review. Overall, the highlights of growth and strategic positioning outweigh the lowlights.Company Guidance
During the Elme Communities First Quarter 2025 Earnings Conference Call, the company provided guidance reflecting strong performance and optimistic projections. Elme achieved same-store revenue growth of 3.9% and NOI growth of 5.5% year over year, driven by rent growth in the Washington Metro portfolio and favorable tax appeals in Atlanta. The managed Wi-Fi program is anticipated to contribute $600,000 to $800,000 of additional NOI in 2025, with further growth expected by mid-2026. The company reported a same-store multifamily occupancy rate averaging 94.8% for the first quarter and a blended lease rate growth of 1.9%, projecting an upswing to 2.6% for April. Strategic alternatives are being evaluated to maximize shareholder value, although no specific outcomes have been guaranteed. Despite macroeconomic uncertainties, Elme is confident in maintaining resilient performance, backed by a strong balance sheet, a net debt to adjusted EBITDA of 5.6 times, and over 60% capacity available on its line of credit.Strong First Quarter Performance
Elme Communities reported same-store revenue growth of 3.9% and NOI growth of 5.5% year over year, driven by stronger rent growth across their Washington Metro portfolio and favorable real estate tax appeals in Atlanta.
Positive Leasing Trends
Apartment tour volumes and renewal lease negotiations for the June and July expirations remain strong, with the company positioned well due to mid-market rent levels and geographic focus on Northern Virginia.
Managed Wi-Fi Program Acceleration
The managed Wi-Fi program is ramping up more quickly than anticipated, expected to capture $600,000 to $800,000 of additional NOI in 2025 and $1.5 million to $2 million annually by mid-2026.
Renovation ROI and Occupancy Rates
Completed 88 renovations at an ROI of approximately 18%, and same-store multifamily occupancy averaged 94.8% during the first quarter, up 50 basis points year over year.
Solid Balance Sheet
Annualized net debt to adjusted EBITDA was 5.6 times during the first quarter, with over 60% of total capacity available on the line of credit and no secured debt.
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ELME Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ELME Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2025 | $15.91 | $16.19 | +1.76% |
Feb 13, 2025 | $15.33 | $17.05 | +11.22% |
Nov 04, 2024 | $16.33 | $16.53 | +1.22% |
Aug 01, 2024 | $16.17 | $16.40 | +1.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Elme Communities (ELME) report earnings?
Elme Communities (ELME) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Elme Communities (ELME) earnings time?
Elme Communities (ELME) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ELME EPS forecast?
ELME EPS forecast for the fiscal quarter 2025 (Q2) is -0.04.
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