UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________ FORM 10-Q ___________________________________________________ Large Accelerated Filer ☒ Accelerated Filer ☐ Non-accelerated Filer ☐ Smaller Reporting Company ☐ Emerging Growth Company ☐ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIE ...

Elme (ELME) came out with quarterly funds from operations (FFO) of $0.23 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.24 per share a year ago. These figures are adjusted for nonrecurring items. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.22 per share when it actually produced FFO of $0.23, delivering a surprise of 4.55%. Over the last four quarters, the company has surpassed consensus FFO estimates just once. Elme, which belo ...

Aelme Earnings Release and Supplemental Information Q2 2024 CONTACT: 7550 Wisconsin Ave, Suite 900 Amy Hopkins Bethesda, MD 20814 Vice President, Investor Relations Tel 202-774-3253 E-Mail: ahopkins@elmecommunities.com Fax 301-984-9610 www.elmecommunities.com August 1, 2024 Elme Communities Announces Second Quarter 2024 Results Elme Communities (the "Company") (NYSE: ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating resul ...

BETHESDA, Md., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the "Company") (NYSE: ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter ended June 30, 2024: Financial Results Net loss was $3.5 million, or $0.04 per diluted share NAREIT FFO was $20.4 million, or $0.23 per diluted share Core FFO was $20.5 million, or $0.23 per diluted share Net Operating Income (NOI) was $38.1 million Operat ...

Scharvik/iStock via Getty Images As of the end of the first quarter, Elme owned ~9.4K apartments in the Washington, DC metro and Sunbelt regions. Most of the assets are located in Washington and are Class-B, with about half of them being located in Urban areas: Washington DC - Historical Population Data The same story applies to Atlanta, only the growth rate has been more attractive there: Now, while Atlanta has a relatively low unemployment rate at the moment, Washington has historically been a city with a ...

Company Overview - Elme Communities is a multifamily real estate investment trust that owns and operates approximately 9,400 apartment homes in the Washington, DC metro and the Sunbelt, along with about 300,000 square feet of commercial space [1] - The company focuses on providing quality, affordable homes to a deep, solid, and underserved base of mid-market demand, aiming to build long-term value for shareholders [1] Financial Developments - Elme Communities has successfully completed a new $500 million credit facility to replace its prior revolving credit facility, which was set to mature in August 2025 [3] - The new credit facility has a four-year term ending on July 10, 2028, and includes two 6-month maturity extension options and an accordion feature that provides an additional $500 million of capacity [3] - The initial interest rate for the new credit facility is based on adjusted daily SOFR plus a margin of 85 basis points, which may change based on Elme's credit ratings [3] Leadership Statements - Steven Freishtat, Executive Vice President and Chief Financial Officer of Elme Communities, expressed satisfaction with the completion of the credit facility recast, highlighting its role in extending the company's strong liquidity position and optimizing costs [2]

BETHESDA, Md., July 11, 2024 (GLOBE NEWSWIRE) -- Elme Communities (NYSE: ELME), a multifamily owner and operator, announced today that it has entered into a new $500 million credit facility to replace the prior revolving credit facility which had been due to mature in August 2025. The new credit facility has a fouryear term ending on July 10, 2028, and includes two 6-month maturity extension options and an accordion feature which provides an additional $500 million of capacity on the facility. The initial i ...

BETHESDA, Md., June 24, 2024 (GLOBE NEWSWIRE) -- Elme Communities ("Elme") (NYSE:ELME), a value-oriented multifamily owner and operator, will release second quarter earnings results after market close on Thursday, August 1, 2024. A conference call to discuss these results will be conducted on Friday, August 2, 2024, at 10:00 am ET. There will also be a live, listen-only webcast presentation. Conference call and webcast access information is as follows: USA Toll Free Number: 888-506-0062 International Toll N ...

USA Toll Free Number: 888-506-0062 International Toll Number: 973-528-0011 Entry Code 222443 Webcast: ir.elmecommunities.com About Elme Communities Contact: Investor Relations Amy Hopkins 202-774-3253 ahopkins@elmecommunities.com BETHESDA, Md., June 24, 2024 (GLOBE NEWSWIRE) -- Elme Communities ("Elme") (NYSE:ELME), a value-oriented multifamily owner and operator, will release second quarter earnings results after market close on Thursday, August 1, 2024. A conference call to discuss these results will be c ...

Elme Communities (NYSE:ELME) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Amy Hopkins - Vice President, Investor Relations Paul McDermott - President and Chief Executive Officer Tiffany Butcher - Chief Operating Officer Steven Freishtat - Chief Financial Officer Conference Call Participants Anthony Paolone - JPMorgan Jamie Feldman - Wells Fargo Operator Greetings and welcome to Elme Communities First Quarter 2024 Earnings Conference Call. At this time, all participants are in ...