ELME

The past six months have been significantly shaped by Elme Communities' liquidation activities. In January 2026, the company distributed $14.67 per share following the sale of a 19-property portfolio for approximately $1.6 billion. Throughout 2026, Elme Communities continued selling its remaining properties as part of a shareholder-approved liquidation plan. An update on these activities was provided in May 2026, and in July 2026, an agreement was announced to sell the Riverside Apartments for $250 million. By September 2026, the final two D.C. multifamily properties were sold for $103.2 million, enabling the full repayment and termination of its $520 million term loan. An additional liquidating distribution of $1.74 per common share was approved, payable on October 22, 2026, bringing total cash liquidating distributions to $16.41 per share. Elme Communities anticipates its last NYSE trading day on November 5, 2026, and plans to dissolve effective November 6, 2026, transferring remaining assets and liabilities to a liquidating trust. Total distributions were lower than initial estimates due to some property sale prices not meeting expectations.