ELME Q2 2021 Earnings — Elme Communities Revenue & Financial Results | Market Cap Arena

ELMEElme Communities

$191M

Q2 2021 Earnings

Real Estate REIT - Office

Income Statement

Revenue

$41M-5.6% YoY

Gross Profit

$25M60.7% margin

Operating Income

-$2M-5.7% margin

Net Income

-$7M-16.9% margin

EPS (Diluted)

$-0.08

QoQ Revenue Growth

+1.7%

Cash Flow

Operating Cash Flow

$27M

Free Cash Flow

$21M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$1.1B

Stockholders' Equity

$1.3B

Cash & Equivalents

$5M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$41M	$44M	-5.6%
Gross Profit	$25M	$27M	-7.7%
Operating Income	-$2M	-$3M	+22.9%
Net Income	-$7M	-$5M	-29.3%

Revenue Segments

Multifamily Segment

$37M89%

Corporate and Other

$4M11%