Elme Communities
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
ELME$1.77+0.6%Stored close · as of Oct 22, 2026
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Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
A summary of our repurchases of shares of our common stock for the three months ended March 31, 2024 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 |
| January 1 - January 31, 2024 | — | $— | — | $50,000,000 |
| February 1 - February 29, 2024 | 12,522 | 14.21 | — | 50,000,000 |
| March 1 - March 31, 2024 | — | — | — | 50,000,000 |
| Total | 12,522 | $14.21 | — | |
| ______________________________ | ||||
| (1) Represents restricted shares surrendered by employees to Elme to satisfy such employees' applicable statutory minimum tax withholding obligations in connection with the vesting of restricted shares. | ||||
| (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 is scheduled to expire on October 25, 2025, unless extended by the Board. | ||||
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