ELME
Elme Communities17.31
-0.03-0.17%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.53BP/E (TTM)
-Basic EPS (TTM)
-1.53Dividend Yield
0.04%Recent Filings
8-K
8-K
8-K
Shareholders approve property sale, liquidation
Elme Communities' shareholders overwhelmingly approved the sale of 19 multifamily properties to a Cortland affiliate at the October 30, 2025 special meeting, with 69.6 million votes in favor amid 79.4% turnout. The plan of liquidation also passed, effective immediately, paving the way for asset dispositions and company dissolution. Closing is targeted for November 12, 2025, subject to conditions. Shareholders greenlit executive compensation tied to these moves.
8-K
Elme Q3 loss, sale pending
Elme Communities posted a Q3 net loss of $1.40 per share, hammered by a $111.7 million impairment on non-sale properties amid revised holding periods. Same-store multifamily NOI dipped 1.8% to $35.0 million, with occupancy at 94.4% and rents up 1.1%, yet expenses climbed 9.1%. The $1.6 billion sale of 19 communities to Cortland awaits shareholder nod on October 30, paving liquidation if approved. Impairments signal portfolio pressures.
10-Q
Q2 FY2025 results
Elme Communities posted steady Q2 revenue growth, with real estate rental revenue up 3.4% y/y to $62.1M, driven by higher same-store residential rents and a slight occupancy bump to 94.7%, while NOI climbed 3.5% y/y to $39.4M amid controlled expense rises. Yet net loss edged wider to $3.6M from $3.5M y/y, mainly from elevated G&A costs tied to strategic reviews, with operating income flat at $5.9M and diluted EPS steady at -$0.04 on 88,093K shares. Cash from operations dipped 8.1% y/y to $46.0M for the half-year, yielding $31.6M free cash flow (derived) after $14.5M capex; liquidity holds firm with $4.8M cash and $325M revolver availability against $698M total debt at 4.9% average rate. Post-quarter, the firm inked a $1.6B deal to sell 19 multifamily assets and greenlit a liquidation plan, eyeing shareholder vote soon. Shareholder approval remains key amid execution risks.
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