ELME Q2 2024 Earnings — Elme Communities Revenue & Financial Results | Market Cap Arena

ELMEElme Communities

$191M

Q2 2024 Earnings

Real Estate REIT - Office

Income Statement

Revenue

$60M+6.2% YoY

Gross Profit

$36M59.8% margin

Operating Income

$6M9.8% margin

Net Income

-$3M-5.8% margin

EPS (Diluted)

$-0.04

QoQ Revenue Growth

+1.0%

Cash Flow

Operating Cash Flow

$29M

Free Cash Flow

$29M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.9B

Total Liabilities

$743M

Stockholders' Equity

$1.1B

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$60M	$57M	+6.2%
Gross Profit	$36M	$34M	+5.2%
Operating Income	$6M	$4M	+63.6%
Net Income	-$3M	-$3M	-32.9%

Revenue Segments

Residential Segment

$55M100%