---
schema_version: "secwatch.filing_event.v1"
accession: "0000104894-23-000024"
form_type: "8-K"
ticker: "ELME"
cik: "0000104894"
company_name: "Elme Communities"
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T08:36:18.618109+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Elme Communities reports Q4 Core FFO $0.24/share; same-store NOI up 11.6%; raises dividend 6%

## Summary
- Full-year 2022 Core FFO $0.88/diluted share; net loss $0.36/share; NOI $135.4M.
- Q4 same-store multifamily NOI increased 11.6% YoY; effective blended lease rate growth 5.7% (new 1.1%, renewal 10.1%).
- Quarterly dividend raised ~6% to $0.18/share, payable April 5, 2023 to holders of record March 22.
- 2023 Core FFO guidance reaffirmed at $0.96-$1.04/share; same-store multifamily NOI growth expected 9%-11%.
- Closed $125M term loan (SOFR+95bps); available liquidity >$650M; no debt maturities until 2025.

## SEC filing metadata
- accession: 0000104894-23-000024
- form_type: 8-K
- ticker: ELME
- cik: 0000104894
- company_name: Elme Communities
- filed_at: 2023-02-16T23:59:59+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/104894/000010489423000024/0000104894-23-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104894/000010489423000024/wre-20230216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000104894-23-000024
- JSON: https://secwatch.observer/filing/0000104894-23-000024.json
- Plain text: https://secwatch.observer/filing/0000104894-23-000024.txt

## Key facts
- Earnings Releases
  Elme Communities updated its quarter and year ended December 31, 2022 guidance (reaffirmed).
  - Period: quarter and year ended December 31, 2022
  - Guidance: reaffirmed
  - Result: reported results
  source text: Elme Communities (the "Company") (NYSE: ELME), a multifamily REIT with properties in the Washington DC metro area and the Sunbelt, reported financial and operating results today for the quarter and year ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/104894/000010489423000024/0000104894-23-000024-index.htm

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