ELMEElme Communities

$191M

Q3 2020 Earnings

Real Estate REIT - Office

Income Statement

Revenue

$44M-45.5% YoY

Gross Profit

$26M59.6% margin

Operating Income

$2M3.8% margin

Net Income

-$956,000-2.2% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

-0.1%

Cash Flow

Operating Cash Flow

$33M

Free Cash Flow

$33M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.5B

Total Liabilities

$1.2B

Stockholders' Equity

$1.3B

Cash & Equivalents

$4M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$44M	$80M	-45.5%
Gross Profit	$26M	$50M	-47.4%
Operating Income	$2M	$6M	-71.1%
Net Income	-$956,000	$333M	-100.3%

Revenue Segments

Multifamily Segment

$36M50%

Office

$33M44%

Corporate and Other

$4M6%

ELME Q3 2020 Earnings — Elme Communities Revenue & Financial Results | Market Cap Arena