Elme Communities Common Stock (ELME)

FairStock Score: 50/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with the business: Elme is a multifamily landlord with about 9,400 apartment homes in the Washington, D.C. and Atlanta metros, plus 300,000 square feet of commercial space. Rent revenue has drifted higher in the filed annual figures: $209.4M in FY2022, $227.9M in FY2023, and $241.9M in FY2024. But profits have not followed. FY2024 had a net loss of $13.1M; FY2023 lost $53.0M; FY2022 lost $30.9M. In fiscal Q3 2025, the quarter ended 2025-09-30, revenue was $62.1M but net loss was $123.5M. Fiscal Q4 2025, the quarter ended 2025-12-31, showed $20.7M of revenue and a $22.4M net loss. At the 2026-10-13 close of $1.75, FairStock's calculations show P/B of 0.17, P/E of -1.14, FCF yield of 55.6%, Piotroski F-Score of 3/9, and Altman Z-Score of 0.54. The dividend yield is 0.00%, and D/E is 0.78. That combination looks either deeply discounted or deeply troubled. I cannot judge the moat well without FFO/AFFO, the right REIT measures, which are not in the data, but residential rentals are competitive and capital-intensive. The low P/B may be real value if assets are sound; it may also signal that book value is overstated. FairStock labels it a TURNAROUND - loss in the latest year after earlier profits - and the 52-week range of $1.26 to $17.68 confirms how violently the market has repriced it. I would need evidence that losses are temporary, leverage is manageable, and cash flow is sustainable before calling this a deep-value bargain.

In plain English: Elme owns and runs apartment buildings in the Washington, D.C., and Atlanta areas, plus some commercial space. It has been losing money, including a very large loss in the quarter ended September 30, 2025, and it pays no dividend. The share price is far below the value shown on its books, but because profits are negative and key apartment-landlord profit measures are not provided, it is hard to say whether that low price is a true bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q4 2025 10-K (period ended 2025-12-31) · fiscal Q3 2025 10-K (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31) · FY2022 10-K (period ended 2022-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer