Real Estate News

Elme Communities Announces Third Quarter 2025 Results

BETHESDA, Md., Oct. 23, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the “Company” or “Elme”) (NYSE: ELME), a multifamily REIT, reported financial and operating results today for the quarter ended September 30, 2025:

Financial Results Three months ended September 30,20252024Net loss per diluted share$ (1.40)$ (0.03)Core FFO per diluted share 0.22 0.23

Operational Highlights

Same-store multifamily NOI decreased by 1.8% compared to the prior year quarterSame-store Average Effective Monthly Rent Per Home increased 1.1% compared to the prior year quarterEffective blended Lease Rate Growth was 0.7% for our Same-Store Portfolio during the quarter, comprised of effective new Lease Rate Growth of (4.7)% and effective renewal Lease Rate Growth of 4.3%Retention was 65% during the quarter, in line with expectationsSame-store multifamily Average Occupancy was 94.4% during the quarter, down 0.8% compared to the prior year quarter

Balance Sheet

Available liquidity was $321 million as of September 30, 2025, consisting of availability under the Company's revolving credit facility and cash on handYear-to-date Net Debt to Adjusted EBITDA ratio was 5.7xThe Company has only $125 million of debt maturing before 2028 and no secured debt

“Our third-quarter operational performance aligned with our expectations and was consistent with typical seasonal patterns across our portfolio,” said Paul T.

This 47-Acre Private Retreat in North Carolina Has a Pool Pavilion, Grand Social Barn and Spring-fed Ponds

The Monroe, N.C. Estate is Listed for $4.2 Million

LISTING LINK: https://www.premiersothebysrealty.com/single-family/clm/car4299697/1619-ellis-belk-road-monroe-nc-28112

DROPBOX: https://www.dropbox.com/scl/fo/jgnizr15r6chq269uird6/AHZVDHo2djXI4zxLoF2WXXs?rlkey=7wikfecb8y6ua8vn0sdhtwk5o&st=rd6cg5kg&dl=0PHOTO CREDIT: William Mauney Photography

CHARLOTTE, N.C.

PropertyTek Elevates Lynette Grinter to EVP, Sales and Marketing

Grinter’s expanded role unifies sales and marketing to drive the next phase of growth for flagship proptech brands Tenant Turner and ShowMojo

KNOXVILLE, Tenn., Oct. 23, 2025 (GLOBE NEWSWIRE) -- PropertyTek, a portfolio of leading property management technology brands, including ShowMojo and Tenant Turner, today announced that Lynette Grinter has been promoted to Executive Vice President of Sales and Marketing.

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