Elme Communities (NYSE: ELME) updated investors on its Plan of Sale and Liquidation, saying it has signed purchase and sale agreements for three of 10 remaining properties for approximately $155 million in gross proceeds and expects those closings in Q1 2026, subject to customary conditions and local regulatory approvals.
The company confirmed an initial liquidating distribution of $14.67 per share paid in January 2026 and revised its estimated total liquidating distributions to $17.02–$17.47 per share (additional distributions estimated at $2.35–$2.80 per share). Elme targets completing all remaining sales by mid‑2026.
Loading…
…