Elme reported results alongside its FY 2025 annual filing as it proceeds with a Plan of Sale and Liquidation following the USD 1.6 billion sale of a 19-community multifamily portfolio completed on November 12, 2025. For the ten months ended October 31, 2025, Elme posted real estate rental revenue of USD 206.4 million (-14.7%), a real estate operating loss of USD 122.2 million (driven primarily by real estate impairment and higher G&A), and a net loss of USD 154.2 million. Elme said it recorded USD 111.7 million of impairment charges in Q3 2025 related to several properties not included in the portfolio sale. As of December 31, 2025, Elme’s remaining portfolio comprised about 3,570 apartment homes plus about 300,000 square feet of commercial space, with average and ending occupancy of 93.2% and 91.8% for its nine remaining residential properties in FY 2025; Watergate 600 was 81.6% leased with 81.6% ending occupancy. The company paid an initial liquidating distribution of USD 14.67 per share on January 7, 2026, and as of January 23, 2026 estimated remaining liquidating distributions of USD 2.35 to USD 2.80 per share, implying total liquidating distributions of USD 17.02 to USD 17.47 per share including the initial payment. Elme also disclosed a USD 520.0 million secured term loan put in place on November 12, 2025, with USD 415.2 million outstanding as of February 27, 2026 at a 5.91% interest rate, after sales of Elme Sandy Springs and Elme Marietta for gross proceeds of about USD 112.8 million and a related partial loan paydown.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elme Communities published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000104894-26-000011), on February 27, 2026, and is solely responsible for the information contained therein.