Elme Communities Declares $1.74 Special Liquidating Distribution, Sets November 6 Dissolution
ELME sits 37% above its 52-week low of $1.26.
Summary
Elme Communities completed its final property sales, declared a $1.74 per share special liquidating distribution, and set November 6, 2026 as its dissolution date. Shares will delist from the NYSE on November 5, 2026.
Key Events · M&A and Partnerships · ELME
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Final Property Sales Completed
Elme sold its last two properties, The Kenmore and 3801 Connecticut Avenue, on September 28, 2026 for aggregate net proceeds of approximately $103.2 million, completing the disposition of all remaining properties.
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$1.74 Special Liquidating Distribution Declared
The Board approved an additional $1.74 per share liquidating distribution, payable October 22, 2026 to shareholders of record October 9, 2026, bringing total cash distributions to $16.41 per share.
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NYSE Delisting and Dissolution Timeline
Elme will file Form 25 on October 26, 2026, with the last day of NYSE trading on November 5, 2026 and voluntary dissolution effective November 6, 2026. Remaining assets and liabilities will transfer to a Maryland liquidating trust.
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Wind-Down Reserves
Approximately $23.3 million is estimated for remaining wind-down liabilities, with an additional $9.5 million in cash reserves to be transferred to the liquidating trust for contingent costs. Any residual amounts will be distributed to beneficial interest holders at an undetermined future date.
Analysis · ELME · Real Estate & Construction
Elme Communities has completed the sale of its final two properties and declared a $1.74 per share special liquidating distribution, bringing total cash distributions to $16.41 per share. The company will delist from the NYSE on November 5, 2026 and dissolve on November 6, 2026, transferring remaining assets to a liquidating trust. This is the final chapter of a liquidation that has been underway since shareholders approved the Plan of Sale and Liquidation in October 2025. The distribution is payable October 22, 2026 to holders of record October 9, 2026, and because it exceeds 25% of the share price, NYSE due-bill procedures will apply — buyers during the Dividend Right Period receive the dividend, sellers do not. After the distribution, approximately $23.3 million in estimated wind-down liabilities and $9.5 million in reserves will be transferred to the liquidating trust, with any residual amounts distributed to beneficial interest holders at an undetermined future date.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 41.8% of the 328 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ELME was trading at $1.72 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $152.8M. The 52-week trading range was $1.26 to $17.68. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.