Welcome to our dedicated page for Elme Communities news (Ticker: $ELME), a resource for investors and traders seeking the latest updates and insights on Elme Communities stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Elme Communities's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Elme Communities's position in the market.
Elme Communities, a multifamily REIT, reported first-quarter 2024 financial results. Net loss was $3.6 million, NAREIT FFO was $21.3 million, Core FFO was $19.9 million. NOI was $37.8 million. Lease Rate Growth was 2.3%. Average Occupancy was 94.4%. Available liquidity was $545 million. The company expects Core FFO for 2024 to range from $0.90 to $0.96 per fully diluted share.
