ELME Stock Summary and Trading Ideas (Elme Communities | NYSE:ELME)

Elme Communities is a real estate investment trust engaged in owning and operating properties in the greater Washington DC metropolitan area. The company's real estate portfolio is comprised of office, retail, and multifamily properties located near transportation nodes. It derives nearly all of its income in the form of rental revenue from tenants organized into long-term leases. The company's office assets contribute the majority of this income, while the rest is split fairly evenly between its retail and multifamily locations. Elme Communities' tenants are banking, consulting, law, and financial services firms. The company operates in a single reportable segment which includes the ownership, development, redevelopment and acquisition of apartment communities.

Elme Communities trades on the NYSE stock market under the symbol ELME.

As of October 29, 2026, ELME stock price was flat at $0.03 with million shares trading.

ELME has a beta of 6.01, meaning it tends to be more sensitive to market movements. ELME has a correlation of 0.01 to the broad based SPY ETF.

ELME has a market cap of $2.67 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, ELME traded as high as $18.49 and as low as $.03.

The top ETF exchange traded funds that ELME belongs to (by Net Assets): VTI.

ELME has underperformed the market in the last year with a price return of -0.5% while the SPY ETF gained +13.1%. However, in the short term, ELME had mixed performance relative to the market. It has outperformed in the last 3 months, returning +10.6% vs +4.1% return in SPY. But in the last 2 weeks, ELME shares have been beat by the market, returning -98.3% compared to an SPY return of 0.0%.

ELME support price is $.03 and resistance is $.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ELME shares will trade within this expected range on the day.