Elme Communities Trust 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For quarterly period ended March 31, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.COMMISSION FILE NO. 1-6622 ELME COMMUNITIES (Exact name of registrant as specified in its charter) Maryland53-0261100(State of incorporation)(IRS Employer Identification Number) 7550 WISCONSIN AVE, SUITE 900, BETHESDA, MD 20814(Address of principal executive office) (Zip code) Registrant’s telephone number, including area code: (202)774-3200 Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or such shorter period that the registrant was required to file such reports) and(2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company.See definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large Accelerated FilerNon-accelerated Filer ☒☐ AcceleratedFilerSmallerReportingCompanyEmerging Growth Company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒As of May8, 2026, 88,857,883 common shares were outstanding. ELME COMMUNITIESINDEX Item1.Consolidated Financial Statements (Unaudited)Consolidated Statements of Net Assets (Liquidation Basis) as of March 31, 2026and December 31, 20255Condensed Consolidated Statement of Changes in Net Assets (Liquidation Basis) for the Three MonthsEnded March 31, 20266Condensed Consolidated Statement of Operations (Going Concern Basis) for the Three Months EndedMarch 31, 20257Condensed Consolidated Statement of Comprehensive Income (Loss) (Going Concern Basis) for ThreeMonths Ended March 31, 20258Consolidated Statement of Equity (Going Concern Basis) for the Three Months Ended March 31, 20259Consolidated Statement of Cash Flows (Going Concern Basis) for the Three Months Ended March 31,202510Notes to Consolidated Financial Statements11Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations21Item3.Quantitative and Qualitative Disclosures about Market Risk29Item4.Controls and Procedures29Part II: Other InformationItem1.Legal Proceedings30Item1A.Risk Factors30Item2.Unregistered Sales of Equity Securities and Use of Proceeds30Item3.Defaults upon Senior Securities30Item4.Mine Safety Disclosures30Item5.Other Information30Item6.Exhibits32Signatures34 PART IFINANCIAL INFORMATION ITEM1: FINANCIAL STATEMENTS The information furnished in the accompanying unaudited Consolidated Statements of Net Assets (Liquidation Basis), CondensedConsolidated Statement of Changes in Net Assets (Liquidation Basis), Condensed Consolidated Statement of Operations (GoingConcern Basis), Condensed Consolidated Statement of Comprehensive Income (Loss) (Going Concern Basis), Consolidated Statementof Equity (Going Concern Basis) and Consolidated Statement of Cash Flows (Going Concern Basis) reflects all adjustments,consisting of normal recurring items, which are, in the opinion of management, necessary for a fair presentation of the financialposition, results of operations and cash flows for the interim periods. The accompanying financial statements and notes thereto shouldbe read in conjunction with the financial statements and notes for the three years ended December 31, 2025 included in our 2025Annual Report on Form 10-K. ELME COMMUNITIES AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF NET ASSETS(LIQUIDATION BASIS)(IN THOUSANDS) ELME COMMUNITIES AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETS(LIQUIDATION BASIS)(IN THOUSANDS)(UNAUDITED) Three Months Ended March31, 2026 ELME COMMUNITIES AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(GOING CONCERN BASIS)(IN THOUSANDS, EXCEPT PER SHARE DATA)(UNAUDITED) Three Months Ended March31, 2025RevenueReal estate rental revenue$61,493ExpensesProperty operating and maintenance14,175Real estate taxes and insurance7,819Property management2,246General and administrative9,229Depreciation and amortization23,23