---
schema_version: "secwatch.filing_event.v1"
accession: "0000104894-24-000039"
form_type: "8-K"
ticker: "ELME"
cik: "0000104894"
company_name: "Elme Communities"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T01:49:31.494578+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Elme Q1 net loss $3.6M; Core FFO $0.23/share; full-year guidance reaffirmed

## Summary
- Net loss of $3.6M ($0.04 diluted EPS); NAREIT FFO up 20% YoY to $21.3M ($0.24/share).
- Core FFO $19.9M ($0.23/share), down 4% YoY; NOI $37.8M, up 4% YoY.
- Same-store multifamily NOI up 0.3%; effective blended lease rate growth 2.3% (new -2.1%, renewal 6.2%).
- Same-store average occupancy 94.4% (down 0.9% YoY); Atlanta occupancy pressure noted, Washington Metro stable.
- Quarterly dividend $0.18/share declared (payable July 3, record June 20); FY2024 Core FFO guidance $0.90–$0.96.

## SEC filing metadata
- accession: 0000104894-24-000039
- form_type: 8-K
- ticker: ELME
- cik: 0000104894
- company_name: Elme Communities
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/104894/000010489424000039/0000104894-24-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104894/000010489424000039/elme-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000104894-24-000039
- JSON: https://secwatch.observer/filing/0000104894-24-000039.json
- Plain text: https://secwatch.observer/filing/0000104894-24-000039.txt

## Key facts
- Earnings Releases
  Elme Communities reported the quarter ended March 31, 2024 results: net income Net loss was $3.6 million, or $0.04 per diluted share, EPS $0.04 per diluted share. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2024
  - Net income: Net loss was $3.6 million, or $0.04 per diluted share
  - EPS: $0.04 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter ended March 31, 2024: Financial Results • Net loss was $3.6 million, or $0.04 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/104894/000010489424000039/0000104894-24-000039-index.htm

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