Elme Communities (ELME)

A surprising solid REIT earnings season wrapped up this week. Of the 100 equity REITs that provide full-year FFO guidance, 62% raised their outlook - above the historical 55% average. Disinflation was a surprisingly common thread across second-quarter results, with the majority of the upside revisions being driven by improved expense expectations - the highest quantity of expense reductions ever. Healthcare REITs were notable upside standouts as senior housing fundamentals remained stellar, while skilled nursing REITs received some good news on the policy front via healthy CMS Medicare rate increases.

Elme Communities (NYSE:ELME ) Q2 2025 Earnings Conference Call August 6, 2025 10:00 AM ET Company Participants Amy Hopkins - Vice President of Investor Relations Paul T. McDermott - Chairman of Board, President & CEO Steven M.

Elme (ELME) Q2 Core FFO Rises 4%

Elme (ELME) came out with quarterly funds from operations (FFO) of $0.24 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to FFO of $0.23 per share a year ago.

BETHESDA, Md., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the “Company” or “Elme”) (NYSE: ELME), a multifamily REIT, reported financial and operating results today for the quarter ended June 30, 2025: Financial Results         Three months ended June 30,     2025       2024   Net loss per diluted share $ (0.04 )   $ (0.04 ) Core FFO per diluted share   0.24       0.23   Operational Highlights Same-store multifamily NOI increased by 4.5% compared to the prior year quarter Same-store Average Effective Monthly Rent Per Home increased 1.4% compared to the prior year quarter Effective blended Lease Rate Growth was 1.3% for our Same-Store Portfolio during the quarter, comprised of effective new Lease Rate Growth of (3.3)% and effective renewal Lease Rate Growth of 4.9% Retention was 62% during the quarter, in line with expectations Same-store multifamily Average Occupancy was 94.7% during the quarter, up 0.2% compared to the prior year quarter Balance Sheet Available liquidity was $330 million as of June 30, 2025, consisting of availability under the Company's revolving credit facility and cash on hand Annualized second quarter Net Debt to Adjusted EBITDA ratio was 5.6x The Company has a strong balance sheet with only $125 million of debt maturing before 2028 and no secured debt Strategic Review Update On August 4, 2025, Elme announced that it had entered into a Purchase and Sale Agreement with Cortland Partners, dated August 1, 2025 (the “Purchase Agreement”), providing for the sale of 19 multifamily communities for approximately $1.6 billion.

Elme to Seek Shareholder Approval for Cortland Portfolio Transaction  and Plan of Sale and Liquidation Intends to Make Total Upfront Distributions to Shareholders of Approximately $14.68 to $15.00 per Share assuming the Consummation of the Cortland Portfolio Transaction Company's Current Estimate of Additional Liquidating Distributions to Shareholders  is Approximately $2.90 to $3.50 per Share in the Aggregate BETHESDA, Md., Aug. 04, 2025 (GLOBE NEWSWIRE) -- Elme Communities (“Elme” or the “Company”) (NYSE: ELME), a value-oriented multifamily owner and operator, today announced that its Board of Trustees has completed its previously announced formal evaluation of strategic alternatives to maximize shareholder value.

BETHESDA, Md., July 10, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the “Company” or “Elme”) (NYSE:ELME), a value-oriented multifamily owner and operator, will release second quarter earnings results after market close on Tuesday, August 5, 2025. A conference call to discuss these results will be conducted on Wednesday, August 6, 2025, at 10:00 am ET. Conference call and webcast access information is as follows:

Despite macroeconomic uncertainty, healthy rental demand amid favorable demographics and high homeownership costs poise Residential REITs like VRE, ELME and NXRT well for growth.

U.S. equity markets posted a second-straight week of declines after the U.S. Federal Reserve indicated that it remains in "no rush" to ease its "modestly restrictive" policy stance. Raising questions on whether the Fed can continue to claim itself "data dependent," Fed Chair Powell dismissed recent economic data while doubling-down on forecasts of "meaningful" tariff-driven inflation. Benchmark interest rates ticked lower this week as traders digested the Federal Reserve's rate decision alongside a generally downbeat slate of economic data and heightened geopolitical uncertainty.

Elme Communities (NYSE:ELME ) Q1 2025 Earnings Conference Call May 2, 2025 10:00 AM ET Company Participants Amy Hopkins - VP, IR Paul McDermott - CEO Tiffany Butcher - COO Steve Freishtat - CFO Conference Call Participants Cooper Clark - Wells Fargo Operator Good day, and welcome to the Elme Communities' First Quarter 2025 Earnings Conference Call. As a reminder, today's call is being recorded.

Elme (ELME) came out with quarterly funds from operations (FFO) of $0.24 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to FFO of $0.23 per share a year ago.

Strong Same-store NOI and Occupancy Growth Operating Initiatives Driving Higher Fee Income Solid Rental Rate Growth BETHESDA, Md., May 01, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the “Company” or “Elme”) (NYSE: ELME), a multifamily REIT, reported financial and operating results today for the quarter ended March 31, 2025: Financial Results         Three months ended March 31,     2025       2024   Net loss per diluted share $                   (0.05 )   $                (0.04 ) Core FFO per diluted share                        0.24                          0.23                   Operational Highlights Same-store multifamily NOI increased by 5.5% compared to the prior year quarter Same-store Average Effective Monthly Rent Per Home increased 1.7% compared to the prior year quarter Effective blended Lease Rate Growth was 1.9% for our Same-Store Portfolio during the quarter, comprised of effective new Lease Rate Growth of (2.0)% and effective renewal Lease Rate Growth of 5.0% Retention was 62% during the quarter, in line with expectations Same-store multifamily Average Occupancy was 94.8% during the quarter, up 0.5% compared to the prior year quarter Balance Sheet Available liquidity was $324 million as of March 31, 2025, consisting of availability under the Company's revolving credit facility and cash on hand Annualized first quarter Net Debt to Adjusted EBITDA ratio was 5.6x The Company has a strong balance sheet with only $125 million of debt maturing before 2028 and no secured debt “Our operating business delivered strong results this quarter, and demand trends across our portfolio remain solid as we head into our peak leasing season,” said Paul T.

BETHESDA, Md., April 07, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the “Company” or “Elme”) (NYSE:ELME), a value-oriented multifamily owner and operator, will release first quarter earnings results after market close on Thursday, May 1, 2025. A conference call to discuss these results will be conducted on Friday, May 2, 2025, at 10:00 am ET. There will also be a webcast presentation with slides. Conference call and webcast access information is as follows:

Despite federal workforce layoffs, Elme's limited exposure to federal jobs and strong portfolio fundamentals, including high occupancy and rent growth, support its stability. Management anticipates steady revenue and expense growth, with additional NOI expected from managed Wi-Fi initiatives and operational cost savings. Given current economic uncertainties and Elme's fair valuation, I recommend a 'Hold' on the stock until a more attractive entry point around a 15x P/FFO range.

BETHESDA, Md., March 19, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with communities in the Washington, DC and the Atlanta metro areas, today announced the appointment of Ron D. Sturzenegger to its Board of Trustees (the “Board”), effective immediately. With Mr. Sturzenegger's appointment as an independent trustee, the Board is now comprised of eight trustees, seven of whom are independent.

US equity markets flirted with fresh record-highs this week while benchmark interest rates hovered around two-month lows as investors weighed positive earnings news against uncomfortable hot inflation data. Complicating the policy outlook for the Federal Reserve, CPI data showed the fastest monthly rise in consumer prices since August, prompting a pledge from Powell for "more work to do." Snapping a two-week losing streak, the S&P 500 rebounded by 1.5%, closing fractionally below its prior record-high set in late January. The tech-heavy Nasdaq 100 rallied nearly 3%.