Elme Communities ( (ELME) ) has provided an update.
Elme Communities reported its financial results for the fourth quarter and full year of 2024, showing a net loss but an increase in core funds from operations. The Board of Trustees has initiated a strategic review to maximize shareholder value, highlighting a shift in strategic focus due to shares trading at a discount. The company maintains a strong balance sheet and has set guidance for 2025, anticipating growth driven by strong demand and favorable dynamics in key regions.
More about Elme Communities
Elme Communities is a multifamily Real Estate Investment Trust (REIT) with communities in the Washington, DC metro area and the Atlanta metro area.
YTD Price Performance: 0.99%
Average Trading Volume: 596,100
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.34B
See more data about ELME stock on TipRanks’ Stock Analysis page.