secwatch.observer — SEC 8-K summary
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Issuer:     Elme Communities (ELME)
CIK:        0000104894
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000104894-23-000046
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104894/000010489423000046/0000104894-23-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104894/000010489423000046/wre-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000104894-23-000046

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer