Elme Communities Announces Fourth Quarter and Full Year 2023 Results
Elme Communities (ELME)
Company Research
Source: GlobeNewswire
BETHESDA, Md., Feb. 15, 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 and year ended December 31, 2023: Full-Year 2023 Financial and Operational Results Net loss was $53.0 million, or $0.61 per diluted shareNAREIT FFO was $77.8 million, or $0.88 per diluted share, up 27.9% compared to the prior yearCore FFO was $85.2 million, or $0.97 per diluted share, up 10.2% compared to the prior yearNet Operating Income (NOI) was $148.1 million, up 9.4% compared to the prior yearSame-store multifamily NOI increased by 8.3% compared to the prior year periodAverage Effective Monthly Rent per Home increased 6.5% compared to the prior year for our Same-Store PortfolioSame-store multifamily Average Occupancy was 95.6% during the year, up 0.2% compared to the prior year Fourth Quarter Financial Results Net
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- ELME's page on the SEC website