Elme Communities (ELME) Misses Q2 EPS by 4c

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Elme Communities Announces Second Quarter 2023 Results

July 31, 2023 4:15 PM EDT

WASHINGTON, July 31, 2023 (GLOBE NEWSWIRE) -- Elme Communities (the Company) (NYSE: ELME), a multifamily REIT with communities in the Washington DC metro area and the Sunbelt, reported financial and operating results today for the quarter ended June 30, 2023:

Financial Results

Net loss was $2.6 million, or $0.03 per diluted shareNAREIT FFO was $18.8 million, or $0.21 per diluted shareCore FFO was $21.4 million, or $0.24 per diluted share, up 14% from the... More