Elme Communities (ELME) investor relations material

Executive summary

• The company is in the process of an orderly liquidation, having adopted a Plan of Sale and Liquidation after shareholder approval in October 2025, following the sale of 19 multifamily properties for $1.6 billion in November 2025.

• As of June 30, 2026, only four properties remain, with three under contract for sale and one (Riverside Apartments) under a new purchase agreement, all subject to customary closing conditions.

• A special liquidating distribution of $14.67 per share was paid in January 2026, with remaining distributions estimated between $1.74 and $1.94 per share, for a total of $16.41 to $16.61 per share.

Financial highlights

• Net assets in liquidation as of June 30, 2026, were $167.7 million, reflecting projected costs and proceeds from the remaining asset sales.

• Cash and cash equivalents stood at $41.3 million, with $17.3 million in restricted cash.

• The outstanding balance on the Secured Term Loan was $251.0 million, with an interest rate of 6.38%.

• Average occupancy for the four remaining properties was 93.3% for the quarter, down from 95.3% year-over-year.

Outlook and guidance

• The company expects to complete the liquidation process within 24 months of October 30, 2025, but timing is subject to closing conditions and regulatory approvals.

• Additional liquidating distributions are expected, but the exact amount and timing depend on asset sale proceeds and final settlement of liabilities.