Elme Updates Liquidation Status, Expects to Sell Three Properties for $155 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 26 2026
0mins
Should l Buy ELME?
On Friday after market close, the company provided an update regarding the status of ongoing liquidation activities under the Company's Plan of Sale and Liquidation, approved by Elme shareholders on October 30, 2025, stating: "As of January 23, 2026, the Company has entered into two purchase and sale agreements, which are no longer subject to ongoing inspection periods, pursuant to which it expects to sell three of its remaining properties - Elme Sandy Spring and Elme Marietta located in Georgia and Elme Watkins Mill located in Maryland - to various buyers for aggregate gross proceeds of approximately $155 million. The closing of each of these transactions is expected to occur later in the first quarter of 2026, subject to satisfaction of customary closing conditions, including, in the case of the Maryland property, regulatory requirements related to the sale of multifamily properties in Montgomery County, Maryland. The marketing and sale process with respect to the Company's remaining seven properties remains ongoing. The Company currently expects to finalize the sales of the two remaining Maryland properties, the one remaining Georgia property and Watergate 600, Elme's only office property, in the first quarter or early second quarter of 2026. The Company also expects to commence a formal marketing process for Riverside Apartments later this month and to continue the marketing process for the two D.C. properties, with a goal to have these three remaining properties under contract by mid-May. Elme continues to target completion of the sale of all 10 remaining properties by mid-year 2026." Shares of Elme are down 20% in early Monday trading at $2.35.
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Analyst Views on ELME
Wall Street analysts forecast ELME stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ELME is 18.00 USD with a low forecast of 18.00 USD and a high forecast of 18.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 2.210
Low
18.00
Averages
18.00
High
18.00
Current: 2.210
Low
18.00
Averages
18.00
High
18.00
About ELME
Elme Communities is a multifamily real estate investment trust that owns and operates apartment homes in the Washington, DC metro and the Atlanta metro. The Company operates in a single reportable segment which includes the ownership, development, redevelopment and acquisition of apartment communities (the Residential segment). The Company’s properties include Riverside Apartments, Elme Bethesda, Elme Germantown, Elme Watkins Mill, 3801 Connecticut Avenue, Kenmore Apartments, Elme Conyers, Elme Marietta and Elme Sandy Springs. It also owns and operates approximately 300,000 square feet of commercial space (Watergate 600) in the Washington, DC metro region.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Liquidating Distribution Update: The estimated total liquidating distribution per share is projected to be between $17.02 and $17.47, including an initial distribution of $14.67 paid in January 2026, reflecting the company's financial transparency and commitment to shareholders during asset disposals.
- Marketing Strategy: Elme plans to initiate a formal marketing process for Riverside Apartments later this month, aiming to have the remaining three properties under contract by mid-May, showcasing the company's responsiveness to market demand.
- Executive Changes: The company's CFO is set to resign following the filing of the 2026 10-K report, with a new CFO taking over, indicating management adjustments to align with the reduced scale of operations during the liquidation process.
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- Tax Treatment Guidance: Shareholders are advised to consult their personal tax advisors regarding specific tax treatment in accordance with the 2017 Tax Cuts and Jobs Act, ensuring compliance and optimizing tax liabilities.
- Dividend Payment Dates: The company will make four dividend payments in 2025, scheduled for January 6, April 3, July 3, and October 3, each amounting to $0.18, demonstrating the company's ongoing commitment to its shareholders.
- Company Background: Elme Communities is a multifamily real estate investment trust that owns and operates apartment homes in the Washington, DC, and Atlanta metro areas, showcasing its robust position in the real estate market.
See More
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- MidCap Deletion: Civitas Resources (CIVI) will be removed from the S&P MidCap 400 on the same date, which may impact its stock performance and market confidence, reflecting its relative weakness in the energy sector.
- SmallCap Addition: Amneal Pharmaceuticals (AMRX) will join the S&P SmallCap 600 on January 30, 2026, strengthening its market position in the healthcare industry and likely attracting more investor attention.
- SmallCap Deletion: TTM Technologies (TTMI) will also be removed from the S&P SmallCap 600 on the same date, indicating its poor performance in the small-cap market, which may lead investors to reassess its investment value.
See More
Changes to S&P MidCap 400 and SmallCap 600 Constituents
- Constituent Changes: TTM Technologies will replace Civitas Resources in the S&P MidCap 400 on January 30, indicating ongoing market interest in tech stocks, which may enhance TTMI's market liquidity.
- Acquisition Activity: SM Energy is acquiring Civitas Resources, expected to close soon, allowing SM Energy to retain its position in the SmallCap 600, thereby strengthening its competitive edge in the market.
- New Additions: Dutch Bros and Advanced Energy Industries will join the S&P MidCap 400 on February 2, highlighting growth potential in the consumer and tech sectors, which may attract more investor attention.
- Liquidation Impact: Elme Communities is undergoing liquidation, leading to its removal from the SmallCap 600, reflecting the market's emphasis on financial health, which could affect investor confidence in related stocks.
See More
Elme Communities Shares Drop 22% Following Liquidation Update
- Liquidation Update: Elme Communities announced its latest liquidation activities, estimating total liquidating distributions between $17.02 and $17.47 per share, down from the previous range of $17.40 to $18.32, indicating challenges in the liquidation process.
- Stock Price Reaction: Following the downward revision of distribution expectations, Elme Communities' shares plummeted 22%, reflecting market concerns about the company's future value and potentially impacting investor confidence.
- Investor Attention: Analysts and shareholders are closely monitoring Elme Communities' liquidation strategy, particularly in the current REIT market environment, as the outcome of the liquidation will directly affect investor returns.
- Market Outlook: The liquidation activities of Elme Communities have sparked discussions about its future value; despite facing challenges during the liquidation process, there remains potential for achieving some investment returns through effective asset disposals.
See More
Elme Communities Targets Completion of 10 Asset Sales by Mid-2026
- Asset Sale Progress: Elme Communities has entered into purchase agreements for three remaining properties, expecting to close transactions in Q1 2026 for approximately $155 million, demonstrating the company's swift execution of its liquidation plan.
- Liquidating Distribution Update: The estimated total liquidating distribution per share is projected to be between $17.02 and $17.47, including an initial distribution of $14.67 paid in January 2026, reflecting the company's financial transparency and commitment to shareholders during asset disposals.
- Marketing Strategy: Elme plans to initiate a formal marketing process for Riverside Apartments later this month, aiming to have the remaining three properties under contract by mid-May, showcasing the company's responsiveness to market demand.
- Executive Changes: The company's CFO is set to resign following the filing of the 2026 10-K report, with a new CFO taking over, indicating management adjustments to align with the reduced scale of operations during the liquidation process.
See More
Elme Communities (NYSE:ELME) Announces 2025 Dividend Tax Treatment with Total Distribution of $0.72
- Dividend Distribution Overview: Elme Communities has announced a total dividend distribution of $0.72 for 2025, with an ordinary taxable income per share of $0.14752, reflecting the company's stable cash flow and commitment to shareholder returns.
- Tax Treatment Guidance: Shareholders are advised to consult their personal tax advisors regarding specific tax treatment in accordance with the 2017 Tax Cuts and Jobs Act, ensuring compliance and optimizing tax liabilities.
- Dividend Payment Dates: The company will make four dividend payments in 2025, scheduled for January 6, April 3, July 3, and October 3, each amounting to $0.18, demonstrating the company's ongoing commitment to its shareholders.
- Company Background: Elme Communities is a multifamily real estate investment trust that owns and operates apartment homes in the Washington, DC, and Atlanta metro areas, showcasing its robust position in the real estate market.
See More
Elme Communities announces initial special liquidating distribution of $14.67
Special Liquidating Distribution: Elme Communities (ELME) has announced a special liquidating distribution of $14.67 per share, payable on January 7 to shareholders of record as of December 22, with an ex-dividend date also on December 22.
Financial Performance: The company's funds from operations (FFO) were reported at $0.22, which missed expectations by $0.01, while revenue of $62.1 million was in line with forecasts.
See More
