The New York Exchange notified Elme Communities on October 23, 2026, that it has commenced proceedings to delist the company's common shares from the NYSE and immediately suspended trading. The action was taken under Section 802.01D of the NYSE Listed Company Manual due to abnormally low selling price levels. Elme does not intend to appeal the determination, so the shares are expected to be delisted. Trading is anticipated to resume over-the-counter on October 26, 2026, under the symbol ELMES. This follows the company's previously approved Plan of Sale and Liquidation, which targets voluntary dissolution effective November 6, 2026, involving the transfer of remaining assets to a liquidating trust for distribution to shareholders. Elme Communities is a Maryland real estate investment trust specializing in multifamily properties.
