Elme Communities reported third-quarter 2025 results as it advances a plan of sale and liquidation, posting real estate rental revenue of $62.1M for the quarter ended June 30, 2025 and a net loss of $3.57M, or $(0.04) diluted EPS.
Financial Highlights
- Revenue: $62.10M for the three months ended June 30, 2025 (real estate rental revenue).
- Net income: Net loss $3.57M for the three months ended June 30, 2025.
- Diluted EPS: $(0.04) for the three months ended June 30, 2025.
Business Highlights
- Plan of Sale & Liquidation adopted and underway; company focused on orderly sale of remaining properties and wind-down of operations.
- Asset dispositions: Six properties sold year-to-date; additional contracts executed for three DC/MD properties and a pending sale in Riverside currently under inspection.
- Operational footprint concentrated to four Washington, DC‑area properties, encompassing roughly 2,100 homes following prior large dispositions.
- Occupancy on remaining properties showed a modest decline year-over-year, averaging about 93% versus approximately 95% in the prior year period.
Original SEC Filing:
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