Elme Communities Q1 2025 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Cooper Clark - Wells Fargo - Analyst : Paul, I was wondering if you could talk about the multifamily transaction market in D.C. Curious if you've seen any buyers taking contrarian bets on the metro and where you're seeing deals, if any, get done today from a cap rate perspective?

Question: Cooper Clark - Wells Fargo - Analyst : Awesome. And then could you also just touch on the addition of Ron to your Board from a high level and walk us through that process, specifically from a timing perspective as it relates to the announcement of your strategic review?

Question: Ann Chan - Green Street Advisors - Analyst : So could you elaborate on what's driving the acceleration of the Wi-Fi initiative income? And then does this imply a corresponding acceleration in the rollout related expenses as well?

Question: Ann Chan - Green Street Advisors - Analyst : Okay. And given that guidance hasn't changed, but you're seeing some more contribution from the WiFi income this year and also from bad debt recovery in Atlanta. Should we assume that there's been a shift in revenue composition like in that context, are there any line items you see carrying potential downside in order to serve the midpoint guidance?