Added to YB: 2026-09-14
Pitch date: 2026-07-03
ELME [bullish]
Elme Communities
Author Info
No bio for this author
Company Info
Elme Communities is committed to elevating what home can be for middle-income renters by providing a higher level of quality, service, and experience.
Market Cap
$147.5M
Pitch Price
N/A
Price Target
2.00
Dividend
N/A
EV/EBITDA
N/A
P/E
-0.79
EV/Sales
N/A
Sector
Residential REITs
Category
special_situation
Elme Communities - $ELME
ELME: Elme Communities’ selloff after the Riverside Apartments sale collapsed creates a liquidation opportunity: Riverside represented $280M of $543M in asset value, and valuing it at $265M on a 7.5% cap rate while allowing for incremental G&A and interest supports a conservative ~$2.00 per share, 25% above $1.59. The catalyst is a Riverside sale, potentially within six months; the key risk is Beitel Group’s unexplained inspection-period termination and management’s withdrawal of liquidation guidance.
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