Elme Communities (ELME) investor relations material

Executive summary

• Approved a Plan of Sale and Liquidation in late 2025, including the sale of 19 multifamily properties for $1.6 billion and a wind-down of all operations, with the goal to complete all asset sales by mid-2026.

• Adopted liquidation basis accounting as of November 1, 2025, following shareholder approval of the liquidation plan.

• Paid a special liquidating distribution of $14.67 per share in January 2026, with estimated remaining distributions of $2.35–$2.80 per share.

• As of February 27, 2026, owned 2,500 residential units and 300,000 sq. ft. of commercial space, with several properties under contract for sale.

Financial highlights

• For the ten months ended October 31, 2025, real estate rental revenue was $206.4 million, down from $241.9 million for the year ended December 31, 2024.

• Net loss for the ten months ended October 31, 2025 was $154.2 million, compared to a net loss of $13.1 million for 2024, primarily due to $111.7 million in impairment charges and increased G&A expenses related to liquidation.

• As of December 31, 2025, cash and cash equivalents were $1.3 billion, with $17.3 million in restricted cash.

• Net assets in liquidation as of December 31, 2025 were $238.9 million.

Outlook and guidance

• Targeting completion of all remaining property sales by mid-2026, with the possibility of transferring assets to a liquidating trust if not completed within 24 months of shareholder approval.

• Estimated total liquidating distributions (including the initial $14.67 per share) are $17.02–$17.47 per share, but actual amounts may vary due to market and operational uncertainties.