ELME Q2 2022 Earnings — Elme Communities Revenue & Financial Results | Market Cap Arena

ELMEElme Communities

$191M

Q2 2022 Earnings

Real Estate REIT - Office

Income Statement

Revenue

$51M+24.4% YoY

Gross Profit

$31M60.3% margin

Operating Income

-$3M-5.3% margin

Net Income

-$9M-17.3% margin

EPS (Diluted)

$-0.10

QoQ Revenue Growth

+7.5%

Cash Flow

Operating Cash Flow

$25M

Free Cash Flow

$25M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.9B

Total Liabilities

$631M

Stockholders' Equity

$1.3B

Cash & Equivalents

$45M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$51M	$41M	+24.4%
Gross Profit	$31M	$25M	+23.7%
Operating Income	-$3M	-$2M	-16.1%
Net Income	-$9M	-$7M	-26.9%

Revenue Segments

Residential Segment

$47M91%

Corporate and Other

$5M9%