secwatch.observer — SEC 8-K summary
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Issuer:     Elme Communities (ELME)
CIK:        0000104894
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000104894-24-000075
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Elme Q2 2024 NAREIT FFO $0.23/share; tightens Core FFO guidance to $0.91-$0.95
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- Net loss $3.5M ($0.04 diluted); NAREIT FFO $20.4M ($0.23); Core FFO $20.5M ($0.23).
- Same-store multifamily NOI +1.3% YoY; blended lease rate growth 3.2% (renewal 5.4%); average occupancy 94.6%.
- Core FFO guidance tightened to $0.91-$0.95 from $0.90-$0.96; same-store NOI growth raised to 0.75%-1.75%.
- Amended credit facility: $500M revolver (expandable to $1B), maturity extended to July 2028.
- Quarterly dividend $0.18 declared, payable Oct 3 to holders of record Sep 19.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104894/000010489424000075/0000104894-24-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104894/000010489424000075/elme-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000104894-24-000075

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