secwatch.observer — SEC 8-K summary
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Issuer:     Elme Communities (ELME)
CIK:        0000104894
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0000104894-23-000110
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104894/000010489423000110/0000104894-23-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104894/000010489423000110/elme-20231026.htm
  HTML page:      https://secwatch.observer/filing/0000104894-23-000110

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