Elme (ELME) Q2 FFO Meet Estimates

分组1 - Elme reported quarterly funds from operations (FFO) of $0.23 per share, matching the Zacks Consensus Estimate, but down from $0.24 per share a year ago [1] - The company posted revenues of $60.1 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.19%, compared to $56.6 million in the same quarter last year [2] - Elme shares have increased approximately 12.7% year-to-date, underperforming the S&P 500's gain of 15.8% [3] 分组2 - The future performance of Elme's stock will largely depend on management's commentary during the earnings call and the company's FFO outlook [4][6] - Current consensus FFO estimate for the upcoming quarter is $0.24 on revenues of $60.47 million, and for the current fiscal year, it is $0.93 on revenues of $240.7 million [7] - The REIT and Equity Trust - Residential industry is currently ranked in the top 20% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]