Elme Communities sells 19 multifamily properties for ~$1.6B; adopts plan of liquidation

Elme Communities

Net loss per diluted share $(0.04) in Q2 2025, unchanged YoY; Core FFO per share $0.24 vs $0.23 YoY.
Same-store multifamily NOI up 4.5% YoY; average occupancy 94.7%, up 0.2% YoY.
Purchase agreement with Cortland Partners for $1.6B sale; Board approves voluntary plan of sale and liquidation.
Quarterly dividend of $0.18 declared for Oct 3, 2025 payment; 2025 guidance withdrawn.
Available liquidity $330M; annualized Net Debt to Adjusted EBITDA 5.6x.

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