---
schema_version: "secwatch.filing_event.v1"
accession: "0000104894-24-000008"
form_type: "8-K"
ticker: "ELME"
cik: "0000104894"
company_name: "Elme Communities"
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T00:41:19.396315+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Elme Communities reports 2023 Core FFO $0.97/sh, up 10.2% YoY; guides 2024 Core FFO $0.90-$0.96

## Summary
- 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.

## SEC filing metadata
- accession: 0000104894-24-000008
- form_type: 8-K
- ticker: ELME
- cik: 0000104894
- company_name: Elme Communities
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/104894/000010489424000008/0000104894-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104894/000010489424000008/elme-20240215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000104894-24-000008
- JSON: https://secwatch.observer/filing/0000104894-24-000008.json
- Plain text: https://secwatch.observer/filing/0000104894-24-000008.txt

## Key facts
- Earnings Releases
  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
  source text: Net loss was $53.0 million, or $0.61 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/104894/000010489424000008/0000104894-24-000008-index.htm
- Earnings Releases
  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
  source text: Net loss was $3.1 million, or $0.04 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/104894/000010489424000008/0000104894-24-000008-index.htm

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