---
schema_version: "secwatch.filing_event.v1"
accession: "0000104894-22-000108"
form_type: "8-K"
ticker: "ELME"
cik: "0000104894"
company_name: "Elme Communities"
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-22T23:17:58.191615+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Elme Communities Q3 2022: Net loss $10.7M, Core FFO $0.23; same-store NOI up 10.4%; guidance tightened

## Summary
- Net loss $10.7M ($0.12 diluted); Core FFO $20.5M ($0.23 diluted).
- Same-store multifamily NOI increased 10.4% YoY; effective blended lease rate growth 10.3% same-store.
- 2022 Core FFO guidance tightened to $0.87-$0.89; 2023 guidance reaffirmed at $0.96-$1.04.
- Quarterly dividend declared $0.17/share, payable Jan 5, 2023 to holders of record Dec 22, 2022.
- No additional acquisitions expected in 2022 due to shifting market conditions; $125M capacity available.

## SEC filing metadata
- accession: 0000104894-22-000108
- form_type: 8-K
- ticker: ELME
- cik: 0000104894
- company_name: Elme Communities
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/104894/000010489422000108/0000104894-22-000108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104894/000010489422000108/wre-20221027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000104894-22-000108
- JSON: https://secwatch.observer/filing/0000104894-22-000108.json
- Plain text: https://secwatch.observer/filing/0000104894-22-000108.txt

## Key facts
- Earnings Releases
  Elme Communities reported the quarter ended September 30, 2022 results: net income $10.7 million, EPS $0.12 per diluted share. Guidance reaffirmed.
  - Period: the quarter ended September 30, 2022
  - Net income: $10.7 million
  - EPS: $0.12 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with properties in the Washington metro area and the Sunbelt, reported financial and operating results today for the quarter ended September 30, 2022: Financial Results • Net loss was $10.7 million, or $0.12 per diluted share • NAREIT FFO was $12.9 million, or $0.15 per diluted share • Core FFO was $20.5 million, or $0.23 per diluted share • Net Operating Income (NOI) was $35.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/104894/000010489422000108/0000104894-22-000108-index.htm

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