secwatch.observer — SEC 8-K summary
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Issuer:     Elme Communities (ELME)
CIK:        0000104894
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0000104894-24-000008
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104894/000010489424000008/0000104894-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104894/000010489424000008/elme-20240215.htm
  HTML page:      https://secwatch.observer/filing/0000104894-24-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer