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Sep 30, 2020
Elme Communities Q3 2020 Earnings Report
Reported financial and operating results for the quarter ended September 30, 2020.
Key Takeaways
WashREIT reported a net loss of $1.0 million, NAREIT FFO of $29.5 million, and Core FFO of $0.36 per diluted share for the third quarter of 2020. Same-store NOI declined by 4.9%, and multifamily occupancy increased slightly compared to the previous quarter.
Net loss attributable to controlling interests was $1.0 million, or $0.01 per diluted share.
NAREIT FFO was $29.5 million, or $0.36 per diluted share.
Core FFO was $0.36 per diluted share.
Same-store NOI declined 4.9% and cash NOI declined 4.1% compared to the third quarter of 2019.
Revenue by Segment
Forward Guidance
The Company is reinstating its full-year 2020 guidance, including in light of the benefit of two additional quarters of actual results.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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