Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Elme Communities's share price for the quarter that ended in Dec. 2023 was $14.6. Elme Communities's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 87.9 Mil. Therefore, Elme Communities's market cap for the quarter that ended in Dec. 2023 was $1,282.9 Mil.
Elme Communities's quarterly market cap
declined
from Jun. 2023 ($1,443.6 Mil) to Sep. 2023 ($1,198.0 Mil) but then
increased
from Sep. 2023 ($1,198.0 Mil) to Dec. 2023 ($1,282.9 Mil).
Elme Communities's annual market cap
declined
from Dec. 2021 ($2,229.8 Mil) to Dec. 2022 ($1,558.1 Mil) and
declined
from Dec. 2022 ($1,558.1 Mil) to Dec. 2023 ($1,282.9 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Elme Communities's Enterprise Value for Today is $1,997.8 Mil.
Elme Communities Market Cap Historical Data
The historical data trend for Elme Communities's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Elme Communities's Market Cap
For the REIT - Residential subindustry, Elme Communities's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Elme Communities's Market Cap Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Elme Communities's Market Cap distribution charts can be found below:
* The bar in red indicates where Elme Communities's Market Cap falls into.
Elme Communities Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Elme Communities's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Elme Communities (NYSE:ELME) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Elme Communities Market Cap Related Terms
Thank you for viewing the detailed overview of Elme Communities's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Elme Communities (Elme Communities) Business Description
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 primarily near major transportation nodes. Washington REIT 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. Washington REIT's largest tenants are banking, consulting, law, and financial services firms.
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