earnings
confidence high
sentiment positive
materiality 0.80
WashREIT Q3 Core FFO $0.20; completes $934M in asset sales, redeems $300M notes
Elme Communities
2021-Q3 EPS reported
$0.27
revenue$124,403,000
- Net income $31.3M ($0.37 diluted); Core FFO $0.20 per share; NOI $27.1M.
- Completed sale of office portfolio for $766M and retail portfolio for $168.3M.
- Acquired The Oxford for $48M; binding agreements for two Atlanta properties ($106M).
- Redeemed $300M senior notes due 2022; repaid $150M term loan; liquidity ~$1.0B.
- Reinstated 2021 Core FFO guidance $1.05–$1.08; same-store multifamily NOI $90–$90.5M.