secwatch.observer — SEC 8-K summary
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Issuer:     Elme Communities (ELME)
CIK:        0000104894
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0000104894-23-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104894/000010489423000024/0000104894-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104894/000010489423000024/wre-20230216.htm
  HTML page:      https://secwatch.observer/filing/0000104894-23-000024

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