Elme Communities Announces Fourth Quarter and Full Year 2024 Results
Elme Communities (ELME)
Company Research
Source: GlobeNewswire
BETHESDA, Md., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the “Company” or “Elme”) (NYSE: ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter and year ended December 31, 2024: Fourth Quarter Financial and Operational Highlights Net loss was $3.0 million, or $0.03 per diluted shareCore FFO was $20.7 million, or $0.24 per diluted shareSame-store multifamily NOI increased by 1.7% compared to the prior year quarterAverage Effective Monthly Rent Per Home increased 1.9% compared to the prior year quarter for our Same-Store PortfolioEffective blended Lease Rate Growth was 1.3% for our Same-Store Portfolio during the quarter, comprised of effective new Lease Rate Growth of (3.6)% and effective renewal Lease Rate Growth of 5.1%Same-store Retention was 68%, up 3% compared to the prior year quarterSame-store multifamily Average Occupancy was 95.0% during the quarter, up
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News
- Elme Communities (NYSE:ELME) had its "sell (d+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Elme Communities (NYSE:ELME) had its "sell (d+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Elme Communities Declares Initial Special Liquidating DistributionGlobeNewswire
- Elme Communities Completes Sale of 19 Multifamily Communities for $1.6 BillionGlobeNewswire
- Elme Communities (NYSE:ELME) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
ELME
Earnings
- 10/23/25 - Miss
ELME
Analyst Actions
- 10/21/25 - JP Morgan
ELME
Sec Filings
- 11/26/25 - Form 8-K
- 11/21/25 - Form 4
- 11/21/25 - Form 4
- ELME's page on the SEC website