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Elme Communities ELME Watergate 600 — Real estate impairment

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Other financials

Income statement

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Revenue$206.4M+237%
Operating income-$122.2M-2,014%
Net income-$154.2M-5,013%
EPS (diluted)-$1.75-5,733%

Balance sheet

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Cash & equivalents$39.3M+339%
Total debt$1.1M
Total equity$908.9M-17.3%
Total assets$585.2M-68.0%

Cash flow

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Operating cash flow$62.2M+154%
CapEx$26.9M+91.9%
Free cash flow$35.3M+237%

Valuation

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Market cap$144.84M-89.9%
P/S0.4×-0.2×

Profitability

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Gross margin40.4%
Operating margin-57.5%-67.2pp
Net margin-72.9%-79.3pp
FCF margin18.9%-0.9pp

Returns & leverage

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Return on equity-13.4%-14.8pp
Debt / equity

Where this comes from

Reported directly by Elme Communities in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfRealEstate.

The source filing: Elme Communities’s 10-K, filed February 27, 2026.

Filed
Feb 26, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0000104894-26-000011

b) During 2025, we recognized an aggregate impairment charge of $81.4 million and $28.6 million, respectively, within our Residential segment in Atlanta metro region and Watergate 600 in order to reduce its carrying values to its estimated fair values, primarily due to a revision of their estimated holding periods.

ITEM 16: FORM 10-K SUMMARY

FAQ

What is Elme Communities's watergate 600 — real estate impairment?
Elme Communities (ELME) reported watergate 600 — real estate impairment of $28.6M in Q4 2025.
What does watergate 600 — real estate impairment mean?
This metric represents the non-cash charge recognized when the carrying value of the Watergate 600 property asset exceeds its estimated fair value. It serves as an indicator of potential decline in the long-term economic utility or market value of this specific real estate asset. Investors monitor this to assess asset quality and the impact of localized market conditions on the company's portfolio valuation.

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