Elme Communities Stock Price, News & Analysis

Marcus & Millichap (NYSE: MMI) has appointed Andrew Leahy as senior vice president and national director of its Institutional Property Advisors (IPA) multifamily division. Leahy brings over 20 years of experience in institutional multifamily investment and has executed transactions worth over $6 billion throughout his career.

In his new role, Leahy will lead IPA advisory teams across North America, focusing on service enhancement and market expansion. His previous experience includes leadership positions at Elme Communities (NYSE: ELME) and The Rockefeller Group, where he managed acquisitions for domestic and global private equity investors. He began his career at The Blackstone Group.

Marcus & Millichap reported closing 7,836 transactions with a sales volume of approximately $49.6 billion in 2024, with 1,712 investment sales and financing professionals across more than 80 offices.

Elme Communities (NYSE:ELME), a value-oriented multifamily owner and operator, has scheduled its first quarter 2025 earnings release for Thursday, May 1st, 2025, after market close. The company will host a conference call to discuss the results on Friday, May 2nd, 2025, at 10:00 am ET, accompanied by a webcast presentation with slides.

Investors can access the conference call through USA Toll Free (888-506-0062) or International Toll (973-528-0011) numbers using Entry Code 1940443. A replay of the conference call will be available until May 16th, 2025, at 11:59 pm ET, accessible via USA Toll Free (877-481-4010) or International Toll (919-882-2331) numbers with Conference ID 52224. Both the live webcast and replay will be available at ir.elmecommunities.com.

Elme Communities (NYSE: ELME) has appointed Ron D. Sturzenegger to its Board of Trustees as an independent trustee, expanding the board to eight members. Sturzenegger brings over 30 years of finance and real estate experience, having previously served as Managing Director and Global Head of Real Estate, Gaming and Lodging Investment Banking at Bank of America.

The appointment comes as part of the company's ongoing strategic alternatives evaluation process, with Sturzenegger joining the board's transaction committee. The company has also entered into a cooperation agreement with shareholder Argosy-Lionbridge Management (ALM). As part of this agreement, Elme has agreed to waive its option to classify its Board under the Maryland Unsolicited Takeover Act (MUTA), demonstrating enhanced corporate governance practices.

Elme Communities (NYSE: ELME) reported its Q4 and full-year 2024 results, announcing a strategic review to maximize shareholder value. The company reported a Q4 net loss of $3.0 million ($0.03 per share) and Core FFO of $20.7 million ($0.24 per share). For full-year 2024, net loss was $13.1 million ($0.15 per share) with Core FFO of $81.8 million ($0.93 per share).

Key operational highlights include a 1.7% increase in Q4 same-store multifamily NOI and 1.9% growth in Average Effective Monthly Rent Per Home. The company maintained strong occupancy at 95.0% during Q4. For 2025, Elme projects Core FFO between $0.91-$0.97 per share, with same-store multifamily NOI growth of 1.5-3.5%.

The Board has initiated a formal evaluation of strategic alternatives with Goldman Sachs and Jones Lang LaSalle Securities as financial advisors. The company maintains approximately $330 million in available liquidity and announced a quarterly dividend of $0.18 per share.

Elme Communities (NYSE:ELME), a multifamily real estate investment trust, has scheduled its fourth quarter 2024 earnings release for Thursday, February 13, 2025, after market close. The company will host a conference call to discuss the results on Friday, February 14, 2025, at 10:00 am ET, accompanied by a webcast presentation with slides.

Elme Communities operates apartment homes in the Washington, DC metro area and the Sunbelt, focusing on providing quality, affordable housing to mid-market demand. The company aims to create long-term shareholder value through its commitment to elevating residential standards with superior quality, service, and experience.

Elme Communities (NYSE:ELME) has disclosed the income tax treatment of its 2024 dividend distributions. The company paid a total dividend of $0.72 per share throughout 2024, distributed in four quarterly payments of $0.18 each on January 4, April 3, July 3, and October 3.

The tax breakdown of each dividend payment consists of: 10.616% Ordinary Taxable Income ($0.01911), 10.616% Section 199A Dividends ($0.01911), 10.547% Capital Gains ($0.01898), and 78.837% Return of Capital ($0.14191).

Elme Communities is a multifamily REIT that owns and operates approximately 9,400 apartment homes in the Washington, DC and Atlanta metro regions, along with about 300,000 square feet of commercial space.

Elme Communities (NYSE: ELME) reported Q3 2024 financial results with a net loss of $3.0 million ($0.03 per share). The company achieved NAREIT FFO of $20.5 million ($0.23 per share) and Core FFO of $20.7 million ($0.23 per share). Same-store multifamily NOI increased by 2.3% year-over-year, with effective blended lease rate growth of 2.1%. The company maintained strong occupancy at 95.2% and improved retention to 66%. Available liquidity stood at $337 million, with a Net Debt to Adjusted EBITDA ratio of 5.6x. The company tightened its 2024 Core FFO guidance range to $0.92-$0.94 per share.

Elme Communities (NYSE:ELME), a value-oriented multifamily owner and operator, has announced it will release its third quarter 2024 earnings results after market close on Monday, November 4, 2024. The company will host a conference call to discuss these results on Tuesday, November 5, 2024, at 10:00 am ET, which will include a webcast presentation with slides.

Conference call access details have been provided, including toll-free and international numbers, as well as an entry code. An instant replay of the call will be available until Tuesday, November 19, 2024, at 11:59 pm ET. Elme Communities focuses on providing quality, affordable homes to mid-market demand in the Washington, DC metro and Sunbelt areas, aiming to build long-term shareholder value.

Elme Communities (NYSE: ELME) reported its Q2 2024 financial results. Key highlights include:

• Net loss of $3.5 million, or $0.04 per diluted share
• NAREIT FFO of $20.4 million, or $0.23 per diluted share
• Core FFO of $20.5 million, or $0.23 per diluted share
• Net Operating Income (NOI) of $38.1 million
• Same-store multifamily NOI increased by 1.3% year-over-year
• Effective blended Lease Rate Growth of 3.2% for Same-Store Portfolio
• Average Effective Monthly Rent Per Home increased 2.5% year-over-year
• Same-store multifamily Average Occupancy was 94.6%, down 0.8% year-over-year

The company tightened its 2024 Core FFO guidance range to $0.91 to $0.95 per fully diluted share and declared a quarterly dividend of $0.18 per share.