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DAX Index
Over the past 12 months, WRI has underperformed DAX Index, delivering a return of -89% compared to the DAX Index's +11% growth.
Stocks Performance
WRI vs DAX Index
Performance Gap
WRI vs DAX Index
Performance By Year
WRI vs DAX Index
Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.
Washington Real Estate Investment Trust
Glance View
Nestled in the heart of the nation's capital, Washington Real Estate Investment Trust, now known as Elme Communities, has long carved a distinctive niche in the bustling real estate market. This company, with roots dating back to 1960, has steadfastly grown alongside Washington, D.C., evolving its portfolio to reflect shifts in regional demographics and economic drivers. Originally dabbling in a diverse range of assets, Elme Communities focused its strategy over the years towards multifamily properties, a decision aimed at tapping into the burgeoning demand for residential spaces in urban hotspots. By investing in and managing approximately 8,000 apartments across the D.C. metropolitan area, Elme demonstrates its adaptability and commitment to capturing value through residential real estate. Elme Communities’ revenue model hinges on the effective acquisition, development, and management of these residential assets. The company is not merely a passive landlord; instead, it takes an active role in enhancing property values through strategic renovations and providing high-quality amenities catered to modern urban dwellers. This approach enables Elme to command higher rental rates, driving steady cash flow from a diversified tenant base. Additionally, being structured as a Real Estate Investment Trust (REIT), Elme benefits from favorable tax treatment by distributing a significant portion of its income as dividends to its shareholders. Thus, it sustains its growth trajectory by balancing robust property management with judicious financial stewardship, capitalizing on both rental income and property appreciation within a dynamic housing market.
