Elme Communities (ELME) 2023年年度报告「NYSE」.pdf

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1、12023 Annual ReportElevating HomeRiverside|Alexandria,VA2023 ANNUAL REPORT2Dear Fellow Shareholders,As I reflect on the accomplishments of this past year,I do so with pride and excitement,acknowledging it as one of the most transformative periods in our companys history.From navigating market uncert

2、ainty to achieving the final phase of our infrastructure transformation,we have seized growth opportunities and overcome hurdles,paving the way for a new era of success.As we move forward,we reiterate our unwavering commitment to delivering value,sustained growth,and elevating the living experience

3、for our residents.Although we take great pride in our achievements,there is no denying that the capital markets landscape continued to present substantial challenges during 2023 and into 2024.Despite this,we made and continue to make substantive operational advancements.While we believe our stock pe

4、rformance does not reflect these operational improvements,the capital markets environment is improving,our balance sheet is well positioned,and the quality and long-term growth outlook for our multifamily portfolio is strong.2023 HighlightsDelivered multifamily same-store NOI growth of 8.3%and total

5、 NOI growth of 9.4%Finalized our transition to Elme management,completing our internal infrastructure transformationRetained over 90%of our existing community team members during our transition to Elme Management from third-party operatorsAchieved same-store resident retention of 63%while capturing

6、very strong same-store renewal lease rate growth of 6.2%Welcomed a new Chief Operating Officer,Tiffany ButcherWelcomed Susan Carras to our Board of Trustees,increasing our representation of women to half of our independent Trustees Completed the first phase of our Smart Home Technology Initiative In