Highest-materiality recent filing
Elme Communities agrees to sell 193-unit Bethesda property for $59.0M
Purchase and sale agreement with CAPREIT Acquisition Corporation for Elme Bethesda, a 193-unit community in Bethesda, MD.
Elme updates liquidation: sold 5 properties, narrows distribution range to $16.74-$17.02/share
Sold five properties in 2026 for ~$252.7M; entered into PSAs for four remaining totaling ~$431.3M gross proceeds.
Elme Communities updates liquidation: estimated additional dist. $2.90-$3.50/sh, CFO change
Directors Goitia and Sturzenegger will resign after 10-K filing, not due to disagreements.
Elme declares $14.67/sh special liquidating dividend; payable Jan 7, 2026
Special liquidating distribution of $14.67 per share approved by Board.
Elme completes $1.606B sale of 19 properties to Cortland, repays debt, suspends dividend
Sold 19 multifamily properties to Cortland for $1.606B cash; net cash proceeds of ~$1.574B after credits and transaction costs.
Elme Communities CIO resigns; workforce down to 117 after multifamily sale
Susan Gerock, SVP and CIO, resigned effective Nov 14, 2025; receives 24 months base salary continuation plus bonus and up to 18 months COBRA.
Sold 19 multifamily communities to Cortland affiliate for $1.606B cash; closed November 12, 2025.
Elme shareholders approve sale of 19 properties and liquidation plan
Shareholders approved sale of 19 multifamily properties to Cortland affiliate per Purchase Agreement dated August 1, 2025.
Elme reports Q3 net loss of $1.40/share; proceeds with $1.6B portfolio sale and liquidation plan
Net loss per diluted share $(1.40) vs $(0.03) in prior year; Core FFO $0.22 vs $0.23.
Elme Communities sells 19 multifamily properties for ~$1.6B; adopts plan of liquidation
Net loss per diluted share $(0.04) in Q2 2025, unchanged YoY; Core FFO per share $0.24 vs $0.23 YoY.
Elme Communities to sell 19 properties to Cortland for $1.605B; plans liquidation
Purchase price of $1.605 billion in cash for 19 multifamily assets; expected close Q4 2025.
All eight incumbent trustees reelected to one-year terms; each received over 70M votes for.
Elme Q1 net loss $(0.05)/share, Core FFO $0.24; reaffirms 2025 guidance
Net loss per diluted share $(0.05) vs $(0.04) prior year; Core FFO $0.24 vs $0.23.
Elme Communities adds board member, enters cooperation with ALM, opts out of MUTA
Appointed Ron D. Sturzenegger as independent trustee; Board now 8 members, 7 independent.
Elme reports Q4 net loss, initiates strategic review; 2025 Core FFO guidance $0.91-$0.97
Q4 net loss $3.0M ($0.03/diluted share); Core FFO $20.7M ($0.24/diluted share).
Elme Q3 net loss $3M, Core FFO $0.23; tightens FY guidance to $0.92-$0.94
Net loss of $3.0M ($0.03 diluted EPS); NAREIT FFO $20.5M ($0.23); Core FFO $20.7M ($0.23).
Elme Q2 2024 NAREIT FFO $0.23/share; tightens Core FFO guidance to $0.91-$0.95
Net loss $3.5M ($0.04 diluted); NAREIT FFO $20.4M ($0.23); Core FFO $20.5M ($0.23).
Elme Communities enters $500M revolver, replacing $700M facility and repaid term loan
New $500M unsecured revolver matures July 10, 2028; initial rate SOFR + 0.85% plus 0.10% adjustment, facility fee 0.20%.
All 7 trustee nominees re-elected; lowest support was 68.7M for Anthony L. Winns.
Elme Q1 net loss $3.6M; Core FFO $0.23/share; full-year guidance reaffirmed
Net loss of $3.6M ($0.04 diluted EPS); NAREIT FFO up 20% YoY to $21.3M ($0.24/share).
New ATM program under equity distribution agreement allows sale of up to $350M in common shares through multiple agents.
Elme Communities reports 2023 Core FFO $0.97/sh, up 10.2% YoY; guides 2024 Core FFO $0.90-$0.96
Full-year net loss $53.0M ($0.61/sh); NAREIT FFO $0.88/sh (+27.9% YoY); Core FFO $0.97/sh (+10.2%).
On March 19, 2025, the Board of Trustees (the “Board”) of Elme Communities (“Elme”) increased the size of the Board from seven to eight trustees and appointed Ron D. Sturzenegger, an additional independent trustee, to serve as a member of the Board until Elme’s 2025 annual meeting of shareholders
Max materiality 1.00 · Median 0.70 · Most common event other_material