ELME Stock Recent News

WASHINGTON, June 26, 2023 (GLOBE NEWSWIRE) -- Elme Communities (“Elme”) (NYSE:ELME), a value-oriented multifamily owner and operator, will release second quarter earnings results after market close on Monday, July 31, 2023. A conference call to discuss these results will be conducted on Tuesday, August 1, 2023, at 10:00 am ET. There will also be a live, listen-only webcast presentation. Conference call and webcast access information is as follows:

Elme Communities' affordable multifamily rental units are a draw to renters. But the trading multiple of their shares is less so for investors. A lower debt burden, a presence in more supply-restrictive operating regions, and solid core FFO growth provide some justification to the premium. Their growth initiatives, however, may not provide the return levels they are expecting.