---
schema_version: "secwatch.filing_event.v1"
accession: "0000104894-23-000110"
form_type: "8-K"
ticker: "ELME"
cik: "0000104894"
company_name: "Elme Communities"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T07:42:54.565052+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Elme Communities Q3 core FFO $0.24/share; net loss $43.6M on $41.9M impairment; guides FY core FFO $0.97-$0.99

## Summary
- Core FFO $0.24/diluted share, up >4% YoY; same-store multifamily NOI +7.3%.
- Net loss $43.6M includes $41.9M non-cash impairment on Watergate 600 office asset.
- Completed $108M acquisition of Elme Druid Hills in Atlanta, adding ~500 homes.
- Board authorized $50M share repurchase program through October 2025.
- Q3 dividend $0.18/share held; FY 2023 core FFO guidance tightened to $0.97-$0.99.

## SEC filing metadata
- accession: 0000104894-23-000110
- form_type: 8-K
- ticker: ELME
- cik: 0000104894
- company_name: Elme Communities
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/104894/000010489423000110/0000104894-23-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104894/000010489423000110/elme-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000104894-23-000110
- JSON: https://secwatch.observer/filing/0000104894-23-000110.json
- Plain text: https://secwatch.observer/filing/0000104894-23-000110.txt

## Key facts
- Earnings Releases
  Elme Communities reported 2023 results: EPS $0.97 to $0.99 per fully diluted share. Guidance reaffirmed.
  - Period: 2023
  - EPS: $0.97 to $0.99 per fully diluted share
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Management is tightening the range of its 2023 Core FFO guidance and maintaining its midpoint at $0.98 per fully diluted share. Core FFO for 2023 is now expected to range from $0.97 to $0.99 per fully diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/104894/000010489423000110/0000104894-23-000110-index.htm
- Earnings Releases
  Elme Communities reported the quarter ended September 30, 2023 results: net income Net loss was $43.6 million, or $0.50 per diluted share. Guidance reaffirmed.
  - Period: the quarter ended September 30, 2023
  - Net income: Net loss was $43.6 million, or $0.50 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Elme Communities Announces Third Quarter 2023 Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/104894/000010489423000110/0000104894-23-000110-index.htm

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