---
schema_version: "secwatch.filing_event.v1"
accession: "0000104894-23-000046"
form_type: "8-K"
ticker: "ELME"
cik: "0000104894"
company_name: "Elme Communities"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T07:52:23.847577+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Elme Q1 Core FFO $0.24, up 20% YoY; tightens FY guidance to $0.96-$1.02

## Summary
- Core FFO of $0.24/diluted share, up 20% YoY; GAAP net loss $3.6M ($0.04/diluted).
- Same-store multifamily NOI up 10.7% YoY; effective blended lease rate growth of 4.5%.
- 2023 Core FFO guidance tightened to $0.96-$1.02/diluted share, ~13% growth at midpoint.
- Quarterly dividend declared $0.18/share, payable July 6, 2023 to shareholders of record June 22.
- Transformation: 70% of portfolio transitioned; expects incremental FFO of $4.25-$4.75M from 2023-2025.

## SEC filing metadata
- accession: 0000104894-23-000046
- form_type: 8-K
- ticker: ELME
- cik: 0000104894
- company_name: Elme Communities
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/104894/000010489423000046/0000104894-23-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104894/000010489423000046/wre-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000104894-23-000046
- JSON: https://secwatch.observer/filing/0000104894-23-000046.json
- Plain text: https://secwatch.observer/filing/0000104894-23-000046.txt

## Key facts
- Earnings Releases
  Elme Communities reported the quarter ended March 31, 2023 results: net income Net loss was $3.6 million, or $0.04 per diluted share. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2023
  - Net income: Net loss was $3.6 million, or $0.04 per diluted share
  - 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 ended March 31, 2023: Financial Results • Net loss was $3.6 million, or $0.04 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/104894/000010489423000046/0000104894-23-000046-index.htm

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