ELME Q2 2023 Earnings — Elme Communities Revenue & Financial Results | Market Cap Arena

ELMEElme Communities

$191M

Q2 2023 Earnings

Real Estate REIT - Office

Income Statement

Revenue

$57M+10.2% YoY

Gross Profit

$34M60.4% margin

Operating Income

$4M6.4% margin

Net Income

-$3M-4.6% margin

EPS (Diluted)

$-0.03

QoQ Revenue Growth

+1.4%

Cash Flow

Operating Cash Flow

$30M

Free Cash Flow

$30M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.8B

Total Liabilities

$608M

Stockholders' Equity

$1.2B

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$57M	$51M	+10.2%
Gross Profit	$34M	$31M	+10.2%
Operating Income	$4M	-$3M	+233.0%
Net Income	-$3M	-$9M	+70.6%

Revenue Segments

Residential Segment

$52M92%

Corporate and Other

$4M8%