Elme Communities Announces First Quarter 2024 Results
Elme Communities (ELME)
Company Research
Source: GlobeNewswire
BETHESDA, Md., May 01, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (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 ended March 31, 2024: Financial Results Net loss was $3.6 million, or $0.04 per diluted shareNAREIT FFO was $21.3 million, or $0.24 per diluted share, up 20% compared to the prior year period due primarily to additional payments received with respect to easements previously conveyedCore FFO was $19.9 million, or $0.23 per diluted share, down 4% compared to the prior year periodNet Operating Income (NOI) was $37.8 million, up 4% compared to the prior year period Operational Highlights Same-store multifamily NOI increased by 0.3% compared to the prior year periodEffective blended Lease Rate Growth was 2.3% during the quarter for our Same-Store Portfolio, comprised of effective new Lease Rate Growth of (2.1)% and effective renewal
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ELME
Earnings
- 5/1/24 - Beat
ELME
Sec Filings
- 5/2/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/18/24 - Form ARS
- ELME's page on the SEC website