Elme Communities Shares Higher on Plan for Liquidation and Proceeds

Dow Jones

Aug 05

By Josh Beckerman

Elme Communities shares were higher after the real estate company disclosed a liquidation plan and detailed the expected shareholder proceeds.

The stock rose 8% to $16.35 Monday and is up about 7% this year.

Elme said it agreed to sell a 19-asset portfolio to Cortland Partners for $1.6 billion and expects to pay a special distribution between $14.50 and $14.82 a share after closing the sale.

The company expects additional liquidating distributions of about $2.90 to $3.50 a share. Including a regular quarterly distribution of 18 cents a share to be paid Oct. 3, it expects total payments of $17.58 to $18.50 a share.

In February, the company said it would evaluate strategic alternatives in an effort to maximize shareholder value. It said shares continued to trade at a discount to indications of value in the private market.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

August 04, 2025 15:20 ET (19:20 GMT)

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It said shares continued to trade at a discount to indications of value in the private market. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 04, 2025 15:20 ET (19:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ELME","symbol_name":"Elme Communities","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2557336424","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557336424","pubTimestamp":1754335200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Elme Communities shares were higher after the real estate company disclosed a liquidation plan and detailed the expected shareholder proceeds.The stock rose 8% to $16.35 Monday and is up about 7% this year.Elme said it agreed to sell a 19-asset portfolio to Cortland Partners for $1.6 billion and expects to pay a special distribution between $14.50 and $14.82 a share after closing the sale.The company expects additional liquidating distributions of about $2.90 to $3.50 a share. 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