ELME Q3 2022 Earnings — Elme Communities Revenue & Financial Results | Market Cap Arena

ELMEElme Communities

$191M

Q3 2022 Earnings

Real Estate REIT - Office

Income Statement

Revenue

$55M+28.5% YoY

Gross Profit

$33M60.7% margin

Operating Income

$692,0001.3% margin

Net Income

-$11M-19.7% margin

EPS (Diluted)

$-0.25

QoQ Revenue Growth

+6.3%

Cash Flow

Operating Cash Flow

$17M

Free Cash Flow

$17M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.9B

Total Liabilities

$598M

Stockholders' Equity

$1.3B

Cash & Equivalents

$8M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$55M	$42M	+28.5%
Gross Profit	$33M	$26M	+29.6%
Operating Income	$692,000	-$2M	+142.7%
Net Income	-$11M	$31M	-134.3%

Revenue Segments

Residential Segment

$50M91%

Corporate and Other

$5M9%