Elme Communities Announces Second Quarter 2024 Results

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 ...