secwatch.observer — SEC 8-K summary
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Issuer:     Elme Communities (ELME)
CIK:        0000104894
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0000104894-24-000084
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Elme Q3 net loss $3M, Core FFO $0.23; tightens FY guidance to $0.92-$0.94
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- Net loss of $3.0M ($0.03 diluted EPS); NAREIT FFO $20.5M ($0.23); Core FFO $20.7M ($0.23).
- Same-store multifamily NOI up 2.3% YoY; blended lease rate growth 2.1% (new -1.5%, renewal 4.5%).
- FY 2024 Core FFO guidance tightened to $0.92-$0.94 per share; midpoint unchanged.
- Quarterly dividend maintained at $0.18/share; payable Jan 6, 2025 to holders of record Dec 19.
- Available liquidity $337M; net debt/EBITDA 5.6x; only $125M debt maturing before 2028.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104894/000010489424000084/0000104894-24-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104894/000010489424000084/elme-20241104.htm
  HTML page:      https://secwatch.observer/filing/0000104894-24-000084

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