Item 5. Market for Registrant’s Common Equity
ITEM 5: MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market and Shareholder Information: Our shares trade on the New York Stock Exchange under the symbol ELME. As of February 24, 2026, there were 2,219 shareholders of record.
Regular Distributions: On each of January 6, 2025, April 3, 2025, July 3, 2025 and October 3, 2025, the Company paid quarterly dividends of $0.18 per share to shareholders of record on December 19, 2024, March 19, 2025, June 17, 2025 and September 17, 2025, respectively. Since the Plan of Sale and Liquidation has been approved, the Company does not intend to declare and pay future regular quarterly dividends but, when appropriate and in the Board’s discretion, does intend to declare a liquidating distribution, subject to the creation of necessary reserves for, and payment or other satisfaction of, the Company’s expenses and other liabilities and obligations.
Initial Liquidating Distribution : In accordance with the Plan of Sale and Liquidation, following completion of the Portfolio Sale Transaction in November 2025, the Board approved a special liquidating distribution of $14.67 per share to its shareholders of record as of the close of business on December 22, 2025. On January 7, 2026, we paid this special liquidating distribution to such shareholders in the aggregate amount of $1.3 billion.
Issuer Repurchases; Unregistered Sales of Securities: A summary of our repurchases of our common shares of beneficial interest for the three months ended December 31, 2025 was as follows:
Issuer Purchases of Equity Securities
Period Total Number of Shares Purchased (1)
Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)
Maximum Number (or Approximate Dollar Value) of Shares that May Yet be Purchased
October 1 - October 31, 2025 — $ — — $50,000,000
November 1 - November 30, 2025 548,636 16.61 — —
December 1 - December 31, 2025 — — — —
Total 548,636 $ 16.61 —
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(1) Represents restricted shares surrendered by employees to Elme Communities to satisfy such employees' applicable statutory minimum tax withholding obligations in connection with the vesting of restricted shares. See Note 12 for additional information on the vesting of restricted shares in connection with the closing of the Portfolio Sale Transaction.
(2) On October 26, 2023, the Board authorized and approved a share repurchase program of up to $50.0 million of the Company’s common shares of beneficial interest over a period of two years, subject to any applicable limitations or restrictions set forth in our existing credit facility and other debt agreements. The share repurchase program expired on October 25, 2025. No shares were repurchased under this program in 2025.
Performance Graph:
The following line graph sets forth, for the period from December 31, 2020, through December 31, 2025, a comparison of the percentage change in the cumulative total shareholder return on our common shares compared to the cumulative total return of the Standard & Poor's 500 Stock Index and the MSCI US REIT Index. The graph assumes that $100 was invested on December 31, 2020, in shares of our common shares and each of the aforementioned indices and that all dividends were reinvested without the payment of any commissions. There can be no assurance that the performance of our shares will continue in line with the same or similar trends depicted in the graph below.
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This performance graph shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or incorporated by reference into any filing by us under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.
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ITEM 6: RESERVED