secwatch.observer — SEC 8-K summary
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Issuer:     Elme Communities (ELME)
CIK:        0000104894
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000104894-24-000039
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104894/000010489424000039/0000104894-24-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104894/000010489424000039/elme-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000104894-24-000039

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