ELME Q1 2024 Earnings — Elme Communities Revenue & Financial Results | Market Cap Arena

ELMEElme Communities

$191M

Q1 2024 Earnings

Real Estate REIT - Office

Income Statement

Revenue

$60M+6.6% YoY

Gross Profit

$11M17.9% margin

Operating Income

$4M7.5% margin

Net Income

-$4M-6.1% margin

EPS (Diluted)

$-0.04

QoQ Revenue Growth

+1.1%

Cash Flow

Operating Cash Flow

$21M

Free Cash Flow

$21M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.9B

Total Liabilities

$740M

Stockholders' Equity

$1.1B

Cash & Equivalents

$4M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$60M	$56M	+6.6%
Gross Profit	$11M	$35M	-69.2%
Operating Income	$4M	$3M	+36.9%
Net Income	-$4M	-$4M	-0.1%

Revenue Segments

Residential Segment

$55M92%

Corporate and Other

$5M8%