Elme Communities Announces 2022 Dividend Income Tax Treatment

Rhea-AI Summary

Elme Communities (NYSE:ELME) announced the income tax treatment for its 2022 dividend distributions, urging shareholders to consult tax advisors for personalized advice. Key figures include a total dividend of $0.68000 per share, with an ordinary taxable income per share of $0.13636. The breakdown reveals distributions on 1/5, 4/5, 7/6, and 10/5, each amounting to $0.17000 in gross distributions. The company, focused on providing quality housing for middle-income renters, operates approximately 8,900 apartment homes and aims to deliver long-term value.

Positive

• Total dividend of $0.68000 per share for 2022.
• Ordinary taxable income per share is $0.13636, beneficial for shareholders.

Negative

• None.

WASHINGTON, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Elme Communities (“Elme”) (NYSE:ELME) announced the income tax treatment of its 2022 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 Date	Gross Distribution Per Share	Ordinary Taxable Income Per Share	Section 199A Dividends Per Share	(Return of Capital) Non-Taxable Distribution Per Share
1/5/2022	$0.17000	$0.03409	$0.03409	$0.13591
4/5/2022	$0.17000	$0.03409	$0.03409	$0.13591
7/6/2022	$0.17000	$0.03409	$0.03409	$0.13591
10/5/2022	$0.17000	$0.03409	$0.03409	$0.13591
TOTALS:	$0.68000	$0.13636	$0.13636	$0.54364
	100.00%	20.05%	20.05%	79.95%

About Elme Communities

Elme Communities (formerly known as Washington Real Estate Investment Trust or WashREIT) is committed to elevating what home can be for middle-income renters by providing a higher level of quality, service, and experience. The company is a multifamily real estate investment trust that owns and operates approximately 8,900 apartment homes in the Washington, DC metro and the Sunbelt, and 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 Relations
Amy Hopkins
202-774-3253
ahopkins@elmecommunities.com 

FAQ

What is the dividend amount for Elme Communities in 2022?

The total dividend amount for Elme Communities in 2022 is $0.68000 per share.

When were the dividends paid by Elme Communities in 2022?

The dividends were paid on January 5, April 5, July 6, and October 5, 2022.

What is the ordinary taxable income per share for Elme Communities in 2022?

The ordinary taxable income per share for Elme Communities in 2022 is $0.13636.

How should shareholders handle the tax treatment of dividends for Elme Communities?

Shareholders are encouraged to consult with their personal tax advisors regarding the specific tax treatment of Elme Communities' dividend distributions.