Elme: Q4 Earnings Snapshot

BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Elme Communities (ELME) on Thursday reported a key measure of profitability in its fourth quarter.

The real estate investment trust, based in Bethesda, Maryland, said it had funds from operations of $20.9 million, or 24 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $3.1 million, or 4 cents per share.

The real estate investment trust, based in Bethesda, Maryland, posted revenue of $58.9 million in the period.

For the year, the company reported funds from operations of $85.2 million. Revenue was reported as $227.9 million.

Elme expects full-year funds from operations in the range of 90 cents to 96 cents per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ELME at https://www.zacks.com/ap/ELME