Elme (ELME) Q2 Core FFO Rises 4%

Elme Communities (NYSE:ELME), a real estate investment trust (REIT) focused on providing affordable multifamily housing, issued its second quarter fiscal 2025 earnings results on August 5, 2025. The company reported a net loss per diluted share (GAAP) of ($0.04), matching the prior year. Real estate rental revenue (GAAP) was $62.1 million. Effective new lease rates for the same-store multifamily portfolio declined by 3.3% compared to Q2 2024. Core funds from operations (a non-GAAP profitability measure commonly used by REITs) rose 4.3% to $0.24 per diluted share compared to $0.23 in Q2 2024. The results reflected steady execution in core markets but were overshadowed by the announced asset sale and liquidity plan, which introduces significant uncertainty about the company's future. Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report. Elme Communities is a REIT that owns and operates a portfolio of apartment communities, with a focus on serving middle-income renters. Its primary markets are Washington, DC and Atlanta. The portfolio mainly consists of multifamily properties, supplemented by a small amount of commercial office exposure.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool