Elme Communities
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
About Elme Communities
Real Estate Investment Trusts, SIC 6798
Elme Communities is an equity real estate investment trust that owns and manages multifamily apartment communities alongside commercial office space. The trust focuses on providing rental housing to apartment residents and leasing commercial property to business tenants. Its operations primarily encompass multifamily residential properties, managing its residential communities directly while utilizing third-party management and leasing services for its commercial office property.
The trust operates in the greater Washington, D.C. and Atlanta metropolitan markets within the United States. Its real estate holdings comprise thousands of residential apartment homes as well as commercial office space. Corporate executives and administrative staff live and work in the Washington, D.C. metropolitan region, while on-site teams oversee individual properties. The provided text does not identify an official corporate headquarters city.
Summary of the business section of Elme Communities's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Elme Communities
- Founded
- 1960
- Headquarters
- Bethesda, MD
- Address
- 7550 Wisconsin Avenue, Suite 900 20814
- Phone
- (202) 774-3200
- Website
- elmecommunities.com
- Employees
- 91, Dec 31, 2025
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- Ernst & Young LLP, Tysons, Virginia
Stock & identifiers
- Ticker
- ELME
- Exchange
- NYSE
- Shares outstanding
- 89M, Jul 30, 2026
- Public float
- $1.38B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 3-for-2, Jun 1, 1992; 3-for-2, Dec 19, 1988; 3-for-2, Jul 15, 1985; 3-for-1, Apr 1, 1981
- SEC CIK
- 104894
- CUSIP
- 939653101
- ISIN
- US9396531017
- LEI
- 549300DI34BGS8LVKW95
- EIN
- 53-0261100
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Paul T. McDermott | President, CEO & Chairman, Director | 916,364 |
| Wade Drew Hammond | SVP, CAO & Treasurer | 76,704 |
| Steven Freishtat | EVP & CFO | 74,558 |
| Tiffany Michelle Butcher | EVP & COO | 149,540 |
| Susan Lilly Gerock | SVP IT & CIO | 72,497 |
| Susan Carras | Director | 14,122 |
| Ellen M. Goitia | Director | 47,851 |
| Thomas H. Nolan Jr | Director | 60,359 |
| Benjamin S. Butcher | Director | 99,013 |
| Jennifer S. Banner | Director | 35,167 |
| Ron D. Sturzenegger | Director | 5,209 |
| Anthony L. Winns | Director | 73,889 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2024 Paul T. McDermott | $3.98M | $3.27M | $1.17M | $65 | $123 |
| FY2023 Paul T. McDermott | $3.71M | $1.84M | $772.77K | $59 | $114 |
| FY2022 Paul T. McDermott | $5.28M | $5.15M | $1.11M | $69 | $100 |
| FY2021 Paul T. McDermott | $4.42M | $5.41M | $1.69M | $97 | $132 |
| FY2020 Paul T. McDermott | $4.60M | $3.36M | $1.80M | $78 | $92 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“On February 27, 2026, after giving effect to the sales of Elme Sandy Springs and Elme Marietta, we had 91 employees, including 55 persons engaged in community management functions, and 36 persons engaged in corporate, financial, asset management and other functions.”
Corporate history
Events identified from SEC filings