10-K · April 28, 2026
Elme Communities has executed a board-approved Plan of Sale and Liquidation (approved July 30, 2025; adopted October 30, 2025) and completed a material Portfolio Sale (closed November 12, 2025). Management has paid an…
Earnings analysis · 10-Q
ELME earnings analysis
Filed May 11, 2026 · Our reading of the company's report
The latest report
Elme Communities' Q1 2026 performance reflects a significant downsizing following the implementation of its Plan of Sale and Liquidation. The company completed sales of multiple properties for approximately $199 million…
Read full summary
Elme Communities' Q1 2026 performance reflects a significant downsizing following the implementation of its Plan of Sale and Liquidation. The company completed sales of multiple properties for approximately $199 million and transitioned to a liquidation basis of accounting, which has dramatically altered its financial landscape, culminating in a cash cushion of around $19.8 million as of March 31, 2026.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Segment
- Residential Segment
What stood out
-
Liquidation Process Underway
Elme communities is actively pursuing liquidation after the sale of four properties for around $199 million during Q1 2026.
-
Significant Reduction in Cash Flow
Cash and cash equivalents decreased drastically to $39.3 million from $1.3 billion as of December 31, 2025.
-
Equity Returned to Shareholders
A special liquidating distribution of $14.67 per share was paid on January 7, 2026, following the portfolio sale.
-
Managing Debt Obligations
Debt payable reduced to $337.5 million from $520 million, reflecting the property sales proceeds used to pay down the Secured Term Loan.
-
Estimated Liquidating Distributions
Management estimates total liquidating distributions could reach between $16.74 and $17.02 per share.
-
Completion of Remaining Sales
Elme expects to finalize the sale of remaining properties by mid-2026.
What to watch
-
Market Conditions Impact Liquidation
Continued challenges in the real estate market could adversely affect the sale prices of remaining properties.
-
Dependence on Future Sales Closure
The total remaining liquidating distributions depend on the successful closure of ongoing property sales.
-
Execution Risks
There is inherent uncertainty related to timing and terms of property sales, impacting liquidity and distributions.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-K · February 27, 2026
Elme Communities is executing a board-approved Plan of Sale and Liquidation after completing a Portfolio Sale for approximately $1.6 billion on November 12, 2025 and adopting liquidation accounting on November 1, 2025.…
10-Q · October 24, 2025
Elme reported quarter revenue of $62,103,000, up from $61,055,000 in the 2024 quarter, but recorded a GAAP diluted net loss per share of $(1.40) versus $(0.03) in the prior-year quarter driven by a $111,719,000…
10-Q · August 6, 2025
Elme reported quarter revenue of $62,099,000, up $1,996,000 (3.3%) versus the prior-year quarter, while diluted net loss per share remained $(0.04). Operating income was essentially flat at $5,932,000. Subsequent to…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.