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Elme Communities Announces Third Quarter 2022 Results

October 27, 2022 4:16 PM EDT

WASHINGTON, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Elme Communities (the Company) (NYSE: ELME), a multifamily REIT with properties in the Washington metro area and the Sunbelt, reported financial and operating results today for the quarter ended September 30, 2022:

Financial Results

Net loss was $10.7 million, or $0.12 per diluted shareNAREIT FFO was $12.9 million, or $0.15 per diluted shareCore FFO was $20.5 million, or $0.23 per diluted... More