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Complete financial analysis of Elme Communities (ELME) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Elme Communities, a leading company in the REIT – Office industry within the Real Estate sector.
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Elme Communities (ELME)
About Elme Communities
Elme Communities owns and operates uniquely positioned real estate assets in the Washington Metro area. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. As of October 29, 2020, the Company's portfolio of 45 properties includes approximately 3.7 million square feet of commercial space and 6,863 multifamily apartment units. These 45 properties consist of 22 multifamily properties,15 office properties, and 8 retail centers. Our shares trade on the NYSE. With a track record of driving returns and delivering satisfaction, we are a trusted authority in one of the nation's most competitive real estate markets.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 227.91M | 209.38M | 169.15M | 294.12M | 309.18M | 336.89M | 325.08M | 313.26M | 306.43M | 288.64M | 263.02M | 304.98M | 289.53M | 297.98M | 306.93M | 282.31M | 255.66M | 219.66M | 190.05M | 172.39M | 163.82M | 153.61M | 148.42M | 134.73M | 118.98M | 103.60M | 79.43M | 65.54M | 52.60M | 45.51M | 41.60M | 37.40M | 35.60M | 32.40M | 29.90M | 26.30M | 24.30M | 22.60M | 20.20M |
| Cost of Revenue | 87.94M | 81.44M | 66.92M | 112.91M | 115.58M | 116.23M | 115.65M | 115.01M | 112.23M | 103.70M | 93.29M | 103.28M | 97.19M | 98.92M | 104.57M | 94.57M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 139.97M | 127.94M | 102.24M | 181.21M | 193.60M | 220.66M | 209.43M | 198.25M | 194.19M | 184.94M | 169.73M | 201.71M | 192.34M | 199.06M | 202.36M | 187.74M | 255.66M | 219.66M | 190.05M | 172.39M | 163.82M | 153.61M | 148.42M | 134.73M | 118.98M | 103.60M | 79.43M | 65.54M | 52.60M | 45.51M | 41.60M | 37.40M | 35.60M | 32.40M | 29.90M | 26.30M | 24.30M | 22.60M | 20.20M |
| Gross Profit Ratio | 61.42% | 61.11% | 60.44% | 61.61% | 62.62% | 65.50% | 64.42% | 63.29% | 63.37% | 64.07% | 64.53% | 66.14% | 66.43% | 66.80% | 65.93% | 66.50% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | -0.15 | -0.31 | -0.23 | 0.09 | 0.00 | 0.06 | 0.38 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 25.89M | 37.94M | 34.17M | 23.95M | 26.07M | 22.09M | 22.58M | 19.55M | 20.26M | 19.76M | 17.54M | 15.49M | 0.00 | 0.00 | 0.00 | 0.00 | 15.10M | 12.62M | 8.01M | 6.19M | 5.28M | 4.58M | 9.17M | 10.29M | 6.17M | 6.56M | 4.24M | 3.10M | 3.36M | 3.22M | 2.80M | 2.80M | 0.00 | 2.60M | 2.60M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 25.89M | 37.94M | 34.17M | 23.95M | 26.07M | 22.09M | 22.58M | 19.55M | 20.26M | 19.76M | 17.54M | 15.49M | 15.73M | 14.41M | 13.91M | 12.32M | 15.10M | 12.62M | 8.01M | 6.19M | 5.28M | 4.58M | 9.17M | 10.29M | 6.17M | 6.56M | 4.24M | 3.10M | 3.36M | 3.22M | 2.80M | 2.80M | 0.00 | 2.60M | 2.60M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 137.15M | 91.72M | 72.66M | 120.03M | 136.25M | 121.23M | 507.00K | 297.00K | 709.00K | 825.00K | 926.00K | 975.00K | 93.30M | 93.99M | 94.04M | 86.43M | 149.69M | 121.44M | 105.28M | 90.84M | 83.62M | 73.11M | 32.98M | 28.03M | 29.11M | 24.56M | 21.22M | 18.84M | 13.25M | 10.82M | -18.30M | -16.60M | -16.10M | -15.30M | -14.60M | -13.70M | -12.60M | -11.20M | -9.90M |
| Operating Expenses | 163.04M | 129.67M | 106.83M | 143.98M | 162.32M | 143.32M | 134.64M | 127.95M | 129.19M | 115.77M | 103.28M | 118.56M | 109.03M | 108.40M | 107.95M | 98.75M | 164.79M | 134.06M | 113.28M | 97.03M | 88.89M | 77.68M | 42.15M | 38.32M | 35.28M | 31.11M | 25.46M | 21.93M | 16.60M | 14.03M | -15.50M | -13.80M | -16.10M | -12.70M | -12.00M | -13.70M | -12.60M | -11.20M | -9.90M |
| Cost & Expenses | 250.97M | 211.10M | 173.74M | 256.89M | 277.90M | 259.55M | 250.29M | 242.96M | 241.43M | 219.47M | 196.57M | 221.83M | 206.22M | 207.32M | 212.52M | 193.32M | 164.79M | 134.06M | 113.28M | 97.03M | 88.89M | 77.68M | 42.15M | 38.32M | 35.28M | 31.11M | 25.46M | 21.93M | 16.60M | 14.03M | -15.50M | -13.80M | -16.10M | -12.70M | -12.00M | -13.70M | -12.60M | -11.20M | -9.90M |
| Interest Income | 0.00 | 24.94M | 34.06M | 37.31M | 53.73M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.07M | 0.00 | 0.00 | 1.21M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 30.43M | 24.94M | 34.06M | 37.31M | 53.73M | 51.14M | 47.53M | 53.13M | 59.55M | 59.79M | 63.57M | 64.70M | 66.47M | 68.39M | 75.00M | 69.91M | 61.91M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 88.95M | 211.10M | 179.61M | 163.97M | 277.90M | 239.51M | 250.29M | 244.14M | 108.94M | 96.01M | 85.74M | 103.07M | 93.30M | 93.99M | 94.45M | 86.43M | 71.02M | 54.17M | 47.23M | 41.09M | 35.76M | 29.21M | 26.74M | 22.72M | 19.59M | 15.40M | 10.91M | 7.50M | 5.08M | 3.98M | 3.70M | 3.40M | 3.30M | 3.10M | 3.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 66.40M | 90.00M | 76.48M | 117.02M | 167.53M | 198.57M | 186.85M | 177.53M | 172.01M | 158.07M | 87.36M | 121.29M | 117.37M | 184.65M | 186.52M | 174.32M | 161.11M | 136.15M | 120.39M | 116.46M | 110.68M | 105.14M | 131.33M | 118.20M | 103.28M | 87.88M | 64.88M | 51.39M | 41.08M | 35.46M | 60.80M | 54.60M | 55.00M | 48.20M | 44.90M | 40.00M | 36.90M | 33.80M | 30.10M |
| EBITDA Ratio | 29.14% | 43.32% | 42.67% | 53.47% | 54.19% | 58.94% | 57.63% | 57.14% | 56.99% | 57.51% | 58.22% | 61.38% | 67.20% | 61.97% | 61.79% | 63.51% | 62.08% | 63.22% | 64.50% | 67.55% | 67.56% | 68.45% | 88.48% | 87.73% | 86.20% | 83.98% | 80.41% | 77.33% | 76.74% | 79.12% | 144.47% | 145.99% | 154.49% | 153.70% | 155.52% | 152.09% | 151.85% | 149.56% | 149.01% |
| Operating Income | -23.06M | -1.01M | -484.00K | 37.23M | 31.28M | 77.95M | 66.56M | 171.50M | 148.14M | 64.03M | 65.19M | 80.82M | 83.31M | 90.66M | 94.41M | 88.99M | 90.87M | 85.60M | 76.76M | 75.37M | 74.93M | 75.93M | 106.28M | 96.42M | 83.69M | 72.48M | 53.97M | 43.61M | 36.00M | 31.48M | 57.10M | 51.20M | 51.70M | 45.10M | 41.90M | 40.00M | 36.90M | 33.80M | 30.10M |
| Operating Income Ratio | -10.12% | -0.48% | -0.29% | 12.66% | 10.12% | 23.14% | 20.47% | 54.75% | 48.35% | 22.18% | 24.79% | 26.50% | 28.77% | 30.42% | 30.76% | 31.52% | 35.54% | 38.97% | 40.39% | 43.72% | 45.74% | 49.43% | 71.60% | 71.56% | 70.35% | 69.97% | 67.95% | 66.54% | 68.44% | 69.17% | 137.26% | 136.90% | 145.22% | 139.20% | 140.13% | 152.09% | 151.85% | 149.56% | 149.01% |
| Total Other Income/Expenses | -29.91M | -29.15M | -48.55M | -37.90M | -35.53M | -51.68M | -23.11M | -52.83M | -58.96M | -58.96M | -65.38M | -59.65M | -47.97M | -61.20M | -66.05M | -72.21M | -58.73M | 906.00K | -36.32M | -34.50M | 0.00 | 0.00 | 1.69M | 943.00K | 732.00K | 880.00K | 1.01M | 708.00K | 715.19K | -550.28K | 700.00K | 0.00 | 0.00 | -1.60M | -1.60M | -40.00M | -36.90M | -33.80M | -30.10M |
| Income Before Tax | -52.98M | -30.87M | -53.14M | -15.68M | 29.13M | 25.63M | 19.53M | 118.67M | 89.19M | 5.07M | -193.00K | 17.10M | 65.35M | 13.13M | 26.02M | 85.12M | 94.05M | 86.51M | 78.19M | 0.00 | 0.00 | 0.00 | 107.96M | 97.36M | 84.43M | 73.36M | 54.98M | 44.32M | 36.71M | 30.93M | 57.80M | 0.00 | 0.00 | 43.50M | 40.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | -23.24% | -14.74% | -31.42% | -5.33% | 9.42% | 7.61% | 6.01% | 37.88% | 29.11% | 1.76% | -0.07% | 5.61% | 22.57% | 4.41% | 8.48% | 30.15% | 36.79% | 39.38% | 41.14% | 0.00% | 0.00% | 0.00% | 72.74% | 72.26% | 70.96% | 70.82% | 69.22% | 67.62% | 69.80% | 67.96% | 138.94% | 0.00% | 0.00% | 134.26% | 134.78% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | 29.86M | -31.35M | 37.31M | -300.68M | -1.18M | -84.00K | -615.00K | 59.70M | -45.96M | 26.96M | 59.06M | -21.57M | 44.09M | 59.87M | 56.15M | 28.99M | 46.94M | -874.00K | 29.80M | 30.04M | 24.09M | 53.92M | 51.28M | 39.39M | 31.42M | 23.83M | 15.93M | 9.89M | 8.36M | 33.90M | 30.80M | 33.30M | 29.00M | 27.60M | -11.60M | -10.50M | -10.30M | -12.90M |
| Net Income | -52.98M | -60.73M | -21.79M | -52.99M | 383.55M | 25.63M | 19.67M | 119.34M | 89.74M | 111.64M | 37.35M | 23.71M | 104.88M | 37.43M | 40.75M | 32.84M | 61.88M | 38.66M | 77.64M | 45.56M | 44.89M | 51.84M | 52.35M | 45.14M | 44.30M | 41.06M | 30.14M | 27.96M | 26.10M | 23.12M | 23.20M | 20.40M | 18.40M | 16.10M | 14.30M | 11.60M | 10.50M | 10.30M | 12.90M |
| Net Income Ratio | -23.24% | -29.00% | -12.88% | -18.01% | 124.05% | 7.61% | 6.05% | 38.10% | 29.29% | 38.68% | 14.20% | 7.77% | 36.23% | 12.56% | 13.28% | 11.63% | 24.20% | 17.60% | 40.85% | 26.43% | 27.40% | 33.75% | 35.27% | 33.50% | 37.24% | 39.64% | 37.94% | 42.67% | 49.63% | 50.81% | 55.77% | 54.55% | 51.69% | 49.69% | 47.83% | 44.11% | 43.21% | 45.58% | 63.86% |
| EPS | -0.61 | -0.69 | -0.26 | -0.64 | 0.55 | 0.32 | 0.25 | 1.65 | 1.31 | 1.67 | 0.55 | 0.35 | 1.59 | 0.60 | 0.71 | 0.67 | 1.35 | 0.89 | 1.85 | 1.08 | 1.08 | 1.33 | 1.35 | 1.26 | 1.24 | 1.15 | 0.90 | 0.88 | 0.88 | 0.82 | 0.82 | 0.76 | 0.75 | 0.69 | 0.64 | 0.56 | 0.51 | 0.50 | 0.70 |
| EPS Diluted | -0.61 | -0.69 | -0.26 | -0.64 | 0.55 | 0.32 | 0.25 | 1.65 | 1.31 | 1.67 | 0.55 | 0.35 | 1.58 | 0.60 | 0.71 | 0.67 | 1.34 | 0.88 | 1.84 | 1.08 | 1.08 | 1.32 | 1.35 | 1.26 | 1.24 | 1.15 | 0.90 | 0.88 | 0.88 | 0.82 | 0.82 | 0.76 | 0.75 | 0.69 | 0.64 | 0.56 | 0.51 | 0.50 | 0.70 |
| Weighted Avg Shares Out | 87.74M | 87.39M | 84.54M | 82.35M | 80.26M | 78.96M | 76.82M | 72.16M | 68.18M | 66.80M | 66.58M | 66.24M | 65.98M | 62.14M | 56.89M | 49.14M | 45.91M | 43.68M | 42.07M | 41.62M | 39.24M | 39.03M | 37.31M | 35.73M | 35.71M | 35.71M | 33.48M | 31.78M | 29.66M | 28.20M | 28.29M | 26.84M | 24.53M | 23.33M | 22.34M | 20.71M | 20.59M | 20.60M | 18.43M |
| Weighted Avg Shares Out (Dil) | 87.74M | 87.39M | 84.54M | 82.35M | 80.34M | 79.04M | 76.82M | 72.34M | 68.31M | 66.84M | 66.58M | 66.38M | 65.98M | 62.26M | 56.97M | 49.37M | 46.12M | 43.87M | 42.20M | 41.80M | 39.72M | 39.27M | 37.94M | 35.82M | 35.72M | 35.75M | 33.48M | 31.78M | 29.66M | 28.23M | 28.29M | 26.84M | 24.53M | 23.33M | 22.34M | 20.71M | 20.59M | 20.60M | 18.43M |
Elme Communities Announces Fourth Quarter and Full Year 2023 Results
BETHESDA, Md., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter and...
Elme Communities Announces Income Tax Treatment of its 2023 Dividend Distribution
BETHESDA, Md., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Elme Communities (NYSE:ELME) announced the income tax treatment of its 2023 dividend distributions. This information represents final income allocations. Shareholders are encouraged to consult with their personal tax advisors as to their...
Elme Communities to Release Fourth Quarter 2023 Results on Thursday, February 15th
BETHESDA, Md., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Elme Communities (“Elme”) (NYSE:ELME), a value-oriented multifamily owner and operator, will release fourth quarter earnings results after market close on Thursday, February 15, 2024. A conference call to discuss these results will...
Apartment REITs: A Renter's Market
Apartment REITs were among the weakest-performing property sectors for a second-straight year in 2023 - lagging even the battered office sector - despite delivering another year of mid-single-digit earnings growth. Following two years of record-setting rent growth, residential rents decelerated...
Elme Communities: Positive Developments, Neutral View On Shares
Multifamily REIT, Elme Communities, reported generally positive quarterly results with reaffirmed full-year guidance. ELME also updated investors on a large community acquisition in their fast-growing Atlanta market. While the acquisition increased overall leverage, ELME's debt profile still allows for greater...
Elme Communities (ELME) Q3 2023 Earnings Call Transcript
Elme Communities (NYSE:ELME ) Q3 2023 Results Conference Call October 27, 2023 10:00 AM ET Company Participants Amy Hopkins - Vice President Investor Relations Paul McDermott - Chairman of Board, President and CEO Tiffany Butcher - Executive VP and COO...
Elme (ELME) Meets Q3 FFO Estimates
Elme (ELME) came out with quarterly funds from operations (FFO) of $0.24 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.23 per share a year ago.
Elme Communities Announces Third Quarter 2023 Results
BETHESDA, Md., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with communities in the Washington DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter ended...
Elme Communities to Release Third Quarter 2023 Results on Thursday, October 26th
BETHESDA, Md., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Elme Communities (“Elme”) (NYSE:ELME), a value-oriented multifamily owner and operator, will release third quarter earnings results after market close on Thursday, October 26, 2023. A conference call to discuss these results will...
Elme Communities Welcomes New Board Member, Susan Carras
WASHINGTON, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Elme Communities (NYSE: ELME), a value-oriented multifamily owner and operator, announced today the appointment of Susan Carras as an independent director to the Board of Trustees. Her appointment expands the company's Board to...
Source: https://incomestatements.info
Category: Stock Reports