Elme Communities shares fall 13.51% after-hours as liquidation distribution estimate cut to $17.02–17.47/share.

Elme Communities fell 13.51% in after-hours trading following the REIT’s announcement that it reduced its estimated liquidation distribution to shareholders. The company now projects per-share proceeds of $17.02–$17.47, down from the prior range of $17.40–$18.32, citing weaker-than-expected market conditions in Washington, D.C., and lower valuations during the asset-sale process. The update, which reflects ongoing challenges in monetizing its remaining properties—including the Watergate 600 office asset—underscored financial distress and revised expectations for shareholder returns. The stock’s sharp decline aligned with the company’s acknowledgment of reduced proceeds and a deteriorating real estate market, compounding concerns over its liquidation timeline and profitability.