Loading...
•
Jun 30, 2024
Elme Communities Q2 2024 Earnings Report
Elme Communities announced second quarter 2024 results.
Key Takeaways
Elme Communities reported a net loss of $3.5 million, or $0.04 per diluted share, NAREIT FFO of $20.4 million, or $0.23 per diluted share, and Core FFO of $20.5 million, or $0.23 per diluted share. Same-store multifamily NOI increased by 1.3% compared to the prior year period.
Net loss was $3.5 million, or $0.04 per diluted share
NAREIT FFO was $20.4 million, or $0.23 per diluted share
Core FFO was $20.5 million, or $0.23 per diluted share
Same-store multifamily NOI increased by 1.3% compared to the prior year period
Revenue by Segment
Forward Guidance
Elme is tightening its Core FFO guidance range for 2024 to $0.91 to $0.95 from $0.90 to $0.96 per fully diluted share. Same-store multifamily NOI growth is now expected to range from 0.75% to 1.75%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...