ELME Q1 2022 Earnings — Elme Communities Revenue & Financial Results | Market Cap Arena

ELMEElme Communities

$191M

Q1 2022 Earnings

Real Estate REIT - Office

Income Statement

Revenue

$48M+17.7% YoY

Gross Profit

$29M60.5% margin

Operating Income

-$2M-5.1% margin

Net Income

-$8M-16.2% margin

EPS (Diluted)

$-0.15

QoQ Revenue Growth

+6.8%

Cash Flow

Operating Cash Flow

$9M

Free Cash Flow

$9M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.9B

Total Liabilities

$551M

Stockholders' Equity

$1.3B

Cash & Equivalents

$140M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$48M	$41M	+17.7%
Gross Profit	$29M	$24M	+19.7%
Operating Income	-$2M	$2M	-257.5%
Net Income	-$8M	-$1M	-573.4%

Revenue Segments

Residential Segment

$43M91%

Corporate and Other

$4M9%