secwatch.observer — SEC 8-K summary
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Issuer:     Elme Communities (ELME)
CIK:        0000104894
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0000104894-23-000080
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Elme Q2 net loss $0.03/shr, Core FFO $0.24; lowers 2023 Core FFO guidance to $0.96-$1.00
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- Net loss $2.6M ($0.03/diluted); Core FFO $21.4M ($0.24/diluted) up 14% YoY.
- Same-store multifamily NOI grew 10.9% YoY; effective blended lease rate growth 3.7% (new 0.4%, renewal 6.4%).
- Completed internalization of community-level operations; retained 93% of team. Hired Tiffany Butcher as COO.
- 2023 Core FFO guidance lowered to $0.96-$1.00 per share from $0.96-$1.02; same-store NOI growth now 8-9% (prev 9-10.5%).
- Dividend maintained at $0.18/quarter; paid Oct 4 to shareholders of record Sep 20.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104894/000010489423000080/0000104894-23-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104894/000010489423000080/elme-20230731.htm
  HTML page:      https://secwatch.observer/filing/0000104894-23-000080

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