Elme Q1 net loss $(0.05)/share, Core FFO $0.24; reaffirms 2025 guidance

Elme Communities

2025-Q1 EPS reported -$0.05 vs consensus -$0.04 ▼ miss (-22.5%)

Net loss per diluted share $(0.05) vs $(0.04) prior year; Core FFO $0.24 vs $0.23.
Same-store multifamily NOI up 5.5% YoY on higher rental revenue and property tax appeals.
Same-store occupancy 94.8% (+0.5% YoY); blended lease rate growth 1.9% (new -2.0%, renewal +5.0%).
Board initiated strategic review of alternatives to maximize shareholder value; ongoing.
2025 Core FFO guidance reaffirmed at $0.91-$0.97; quarterly dividend $0.18 declared.

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