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Elme Communities Announces Income Tax Treatment of Its 2024 Dividend Distribution

1. Elme Communities announced 2024 dividend distributions and tax treatment. 2. Total dividend per share is $0.72000, with significant portions classified as non-taxable. 3. Shareholders urged to consult tax advisors for personalized treatment of dividends.

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FAQ

Why Neutral?

Taxable income from dividends is stable but may not drive stock price changes.

How important is it?

Dividends influence investor sentiment but may not significantly affect stock performance.

Why Short Term?

Immediate impact expected as shareholders assess tax implications for 2024 dividends.

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ELME
January 21, 2025 16:15 ET  | Source: Elme Communities BETHESDA, Md., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Elme Communities (NYSE:ELME) announced the income tax treatment of its 2024 dividend distributions. This information represents final income allocations. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Elme Communities dividend distributions. Beginning in 2018, Ordinary Taxable Income Per Share is equal to the 199A dividend that was created by the 2017 Tax Cuts and Jobs Act. Dividend Paid DateGross Distribution Per ShareOrdinary Taxable Income Per ShareSection 199A Dividends Per ShareCapital Gains Per Share(Return of Capital) Non-Taxable Distribution Per Share1/4/2024$0.18000$0.01911$0.01911$0.01898$0.141914/3/2024$0.18000$0.01911$0.01911$0.01898$0.141917/3/2024$0.18000$0.01911$0.01911$0.01898$0.1419110/3/2024$0.18000$0.01911$0.01911$0.01898$0.14191TOTALS:$0.72000$0.07644$0.07644$0.07592$0.56764 100.00%10.616%10.616%10.547%78.837% About Elme Communities Elme Communities is committed to elevating what home can be by providing a higher level of quality, service, and experience. The company is a multifamily real estate investment trust that owns and operates approximately 9,400 apartment homes in the Washington, DC metro and the Atlanta metro regions, and owns approximately 300,000 square feet of commercial space. Focused on providing quality, affordable homes to a deep, solid, and underserved base of mid-market demand, Elme Communities is building long-term value for shareholders. Contact:Investor RelationsAmy Hopkins202-774-3253ahopkins@elmecommunities.com

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