8-K
filed February 15, 2024, 6:59 PM ET
ticker ELME
CIK 0000104894
earnings
confidence high
sentiment neutral
materiality 0.60
Elme Communities reports 2023 Core FFO $0.97/sh, up 10.2% YoY; guides 2024 Core FFO $0.90-$0.96
Elme Communities
2023-FY EPS reported
-$0.61
revenue$227,911,000
- Full-year net loss $53.0M ($0.61/sh); NAREIT FFO $0.88/sh (+27.9% YoY); Core FFO $0.97/sh (+10.2%).
- Same-store multifamily NOI up 8.3% YoY; average effective rent up 6.5%; average occupancy 95.6%.
- Q4 Core FFO $0.24/sh (flat YoY); same-store NOI +4.5%; blended lease rate growth 2.5% (renewal +6.2%).
- 2024 Core FFO guidance $0.90-$0.96/sh; same-store multifamily NOI growth 0.25%-2.0%.
- Quarterly dividend maintained at $0.18/sh, payable Apr 3, 2024; liquidity ~$550M; no debt maturities until 2025.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Elme Communities reported the twelve months ended December 31, 2023 results: net income $53.0 million, EPS $0.61 per diluted share.
- Period
- the twelve months ended December 31, 2023
- Net income
- $53.0 million
- EPS
- $0.61 per diluted share
- Result
- reported results
Exact text from the filing
Net loss was $53.0 million, or $0.61 per diluted share
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Elme Communities reported the quarter ended December 31, 2023 results: net income $3.1 million, EPS $0.04 per diluted share.
- Period
- the quarter ended December 31, 2023
- Net income
- $3.1 million
- EPS
- $0.04 per diluted share
- Result
- reported results
Exact text from the filing
Net loss was $3.1 million, or $0.04 per diluted share
View on SEC.gov
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