Elme Communities: NYSE begins delisting and suspends trading

What happened Elme Communities reported in an 8-K filed Oct 26, 2026 that on Oct 23, 2026 it was notified by the New York Stock Exchange (NYSE) that the NYSE had commenced proceedings to delist Elme’s common shares of beneficial interest and immediately suspended trading of the common shares. The NYSE exercised its discretionary authority under Section 802.01D of the NYSE Listed Company Manual due to "abnormally low selling price" levels. The filing states that, given Elme’s Plan of Sale and Liquidation approved by the Board of Trustees on Jul 30, 2025 and by shareholders on Oct 30, 2025, Elme does not intend to appeal and expects the common shares will be delisted.

Key details

• NYSE notice and immediate suspension of trading occurred on Oct 23, 2026.
• NYSE cited Section 802.01D and "abnormally low selling price" levels as the basis for its action.
• Elme’s Plan of Sale and Liquidation was approved by the Board on Jul 30, 2025 and by shareholders on Oct 30, 2025; the company does not intend to appeal the NYSE’s determination.
• Elme issued a press release about the delisting, anticipated commencement of trading over-the-counter, and the company’s dissolution and establishment of a liquidating trust.

Why it may matter This 8-K reports Item 3.01 (notice of delisting or failure to satisfy a continued listing rule) and Item 8.01 (other events); Item 3.01 covers the NYSE’s delisting notice and suspension of trading, and Item 8.01 covers the company’s press release about anticipated OTC trading and its dissolution and establishment of a liquidating trust. A filing does not show why the insider traded or why the company acted.