ELME / Elme Communities: Positive Developments, Neutral View On Shares

Multifamily REIT, Elme Communities, reported generally positive quarterly results with reaffirmed full-year guidance. ELME also updated investors on a more_horizontal

Elme Communities (NYSE:ELME ) Q3 2023 Results Conference Call October 27, 2023 10:00 AM ET Company Participants Amy Hopkins - Vice President Investor more_horizontal

BETHESDA, Md., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Elme Communities (“Elme”) (NYSE:ELME), a value-oriented multifamily owner and operator, will rele more_horizontal

Multifamily operator, ELME Communities, continues to generate strong property-level growth rates. Their portfolio is also running on stable occupancy more_horizontal

Elme Communities (NYSE:ELME ) Q2 2023 Results Conference Call August 1, 2023 10:00 AM ET Company Participants Paul McDermott - CEO Amy Hopkins - VP, I more_horizontal

Elme (ELME) came out with quarterly funds from operations (FFO) of $0.24 per share, in line with the Zacks Consensus Estimate. This compares to FFO of more_horizontal

Elme Communities' affordable multifamily rental units are a draw to renters. But the trading multiple of their shares is less so for investors. A lowe more_horizontal

Elme (ELME) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agr more_horizontal