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.