---
schema_version: "secwatch.filing_event.v1"
accession: "0000104894-21-000074"
form_type: "8-K"
ticker: "ELME"
cik: "0000104894"
company_name: "Elme Communities"
filed_at: "2021-07-29T23:59:59+00:00"
generated_at: "2026-06-30T00:42:50.224864+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# WashREIT Q2 net loss $7.0M; transforms to multifamily REIT with $766M office sale

## Summary
- Q2 net loss $7.0M ($0.08/share); Core FFO $30.1M ($0.35/share); same-store multifamily NOI down 2.0% YoY.
- Completed $766M office portfolio sale; agreed to sell retail assets for $168.3M, expected to close in Q3.
- Plans to redeem $300M notes due 2022, repay $150M term loan, and acquire $450M multifamily in SE markets.
- Dividend cut to $0.17/share from $0.30; Board reset dividend to fund transformation.
- Trove occupancy >76%, stabilization near year-end; full-year same-store NOI guidance $85.5-$86.5M.

## SEC filing metadata
- accession: 0000104894-21-000074
- form_type: 8-K
- ticker: ELME
- cik: 0000104894
- company_name: Elme Communities
- filed_at: 2021-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/104894/000010489421000074/0000104894-21-000074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104894/000010489421000074/wre-20210729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000104894-21-000074
- JSON: https://secwatch.observer/filing/0000104894-21-000074.json
- Plain text: https://secwatch.observer/filing/0000104894-21-000074.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.