Elme Communities
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $155.5M
- Price
- $1.75
- % Change (Daily % change from the live per-ticker quote feed.)
- 0.00%
- Volume
- 1.6M
About
Elme Communities is a prominent owner and operator of distinctive real estate assets strategically located throughout the Washington D.C. metropolitan region. Leveraging a foundation built on decades of deep experience, specialized expertise, and forward-thinking ambition, we excel at generating value by transforming keen market insights into actionable strategies and executing them effectively. As of October 29, 2020, our substantial portfolio comprised 45 diverse properties, featuring approximately 3.7 million square feet of commercial space alongside 6,863 multifamily apartment units. This collection includes 22 multifamily residential complexes, 15 office buildings, and 8 retail centers. Elme Communities' shares are publicly traded on the New York Stock Exchange (NYSE). Renowned for consistently delivering strong investor returns and ensuring stakeholder satisfaction, we have established ourselves as a trusted authority within one of the nation's most fiercely competitive real estate markets.
Quick stats
Shares outstanding88.9M
Computed float87.4M
Float / shares98.4%
Key info
SectorReal Estate
IndustryREIT - Residential
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0000104894
AI Summary
AI-generated1/7
standardneutraldividend
Elme Communities Provides Update On Liquidation Activities
Elme Communities has completed the sale of all remaining properties, generating approximately $103.2 million in net proceeds from the final two sales, and repaid its $520 million term loan in full.
The Board declared an additional liquidating distribution of $1.74 per share, payable October 22, 2026 to holders of record October 9, bringing total liquidating distributions to $16.41 per share. Shares will trade with NYSE due bills through October 22, meaning buyers in that window receive the dividend.
Elme will file a Form 25 on October 26, expects its last NYSE trading day to be November 5, 2026, and intends to dissolve effective November 6, transferring residual assets to a liquidating trust with FTI Consulting expected to serve as liquidating trustee.
Roughly $23.3 million of wind-down liabilities are estimated, with $9.5 million of reserves held back; any residual distribution from the trust is discretionary and its timing is uncertain.
Red flags
- imminent NYSE delisting and share cancellation -- stock becomes illiquid after November 5, 2026
- no assurance of, or timing for, additional liquidating trust distributions
- pending legal proceedings related to the sale of 19 multifamily assets to an affiliate of Cortland Partners
- due-bill mechanics create dividend-entitlement risk for traders during the Dividend Right Period