Every 10-Q that Elme Communities (ELME) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ELME and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ELME filings page.
Elme Communities is executing a shareholder‑approved Plan of Sale and Liquidation and reports under the liquidation basis of accounting. Net assets in liquidation were $167.7 million as of June 30, 2026, down from $238.9 million at December 31, 2025, mainly from lower estimated property liquidation values and remeasurement of assets and liabilities.
Following a $1.6 billion portfolio sale in November 2025, Elme paid a special liquidating distribution of $14.67 per share on January 7, 2026. In 2026 it sold four properties for aggregate gross proceeds of approximately $199.0 million and, in the 2026 Quarter, two additional properties for about $95.0 million, applying portions of the proceeds to repay its senior secured term loan, which had $251.0 million outstanding at June 30, 2026 at an interest rate of roughly 6.38%.
As of June 30, 2026 Elme owned four Washington, DC–area multifamily assets with a combined liquidation value of $418.0 million and had signed purchase and sale agreements for three of them totaling about $168.0 million, plus a new $250.0 million contract for Riverside Apartments, all subject to inspections, regulatory requirements and other closing conditions. The company held about $41.3 million of cash and $17.3 million of restricted cash, and accrued $36.6 million of liabilities for estimated costs in excess of receipts during liquidation. On July 24, 2026, it estimated remaining liquidating distributions of $1.74–$1.94 per share, implying total liquidating distributions of $16.41–$16.61 per share including the initial payment, while cautioning that actual amounts and timing may differ.
Elme Communities’ latest quarterly report updates investors on its ongoing liquidation. As of March 31, 2026, net assets in liquidation were $203.9 million, with total assets of $585.2 million and liabilities of $381.3 million. The company has largely shifted to liquidation-basis accounting following shareholder approval of its Plan of Sale and Liquidation.
During the quarter, Elme sold four remaining properties for about $199.0 million and used part of the proceeds to pay down its Secured Term Loan, which had $337.5 million outstanding at a variable rate near 5.9%. A special liquidating distribution of $14.67 per share was paid in January 2026.
On May 11, 2026, the company estimated remaining liquidating distributions from property sales of $2.07–$2.35 per share, implying total liquidating payouts of $16.74–$17.02 per share including the initial distribution. Elme continues to market its last properties, expects to complete asset sales around mid‑2026, and then delist and dissolve, though timing and final amounts remain dependent on sale execution, costs and liabilities.
Elme Communities (ELME) reported a sharp Q3 net loss driven by a large impairment and outlined a planned portfolio sale and liquidation. The company posted a net loss of $123.5 million for the quarter, primarily due to a real estate impairment of $111.7 million on properties not included in the planned sale. Real estate rental revenue was $62.1 million, NOI was $38.0 million, and NAREIT FFO was $10.2 million.
Elme entered into a Purchase Agreement for the sale of 19 multifamily properties for $1,605,560,100, subject to shareholder approval and customary conditions, alongside a board-approved Plan of Sale and Liquidation. In connection with this, the company obtained a debt commitment of $520 million (or $565 million if one property is excluded) from Goldman Sachs Bank USA, secured by assets remaining after closing. Management indicated an intention to repay the revolving credit facility and term and unsecured notes concurrent with the transaction. As of October 21, 2025, 88,161,161 common shares were outstanding.
ELME Communities’ Q2 2025 10-Q shows modest operating growth but a strategic pivot. Rental revenue grew 3.3% YoY to $62.1 M, lifting YTD revenue to $123.6 M (+3.3%). Same-store occupancy improved 20 bp to 94.7%, driving NOI up 3.5% to $39.4 M. Higher G&A tied to strategic-review costs (+25% YoY) and flat interest expense kept the quarter in a -$3.6 M net loss (-$0.04/sh), versus -$3.5 M last year. YTD loss widened to -$8.2 M.
At 6/30/25 the REIT held $1.81 B of assets and $764 M of liabilities; net debt/total assets ~39%. Liquidity comprised $4.8 M cash and $325 M undrawn on a $500 M revolver (matures 2028, SOFR+85 bp). The $125 M 2023 term loan is swap-fixed at 5.77% through Jan 2026. Quarterly dividend remained $0.18/sh, bringing distributions in excess of net income to -$686 M.
Transformative subsequent event: on 1 Aug 2025 ELME agreed to sell equity interests in 19 multifamily assets for $1.6 B and adopt a Plan of Sale and Liquidation that would wind down the trust. Closing requires majority shareholder approval and customary conditions. Concurrently, Goldman Sachs committed up to $565 M of one-year secured financing to refinance remaining debt post-sale. If approved, ELME intends to repay its revolver, 2023 term loan and unsecured notes, then distribute remaining proceeds to investors.