ELME Q3 2023 Earnings — Elme Communities Revenue & Financial Results | Market Cap Arena

ELMEElme Communities

$191M

Q3 2023 Earnings

Real Estate REIT - Office

Income Statement

Revenue

$57M+3.8% YoY

Gross Profit

$35M61.6% margin

Operating Income

-$36M-63.9% margin

Net Income

-$44M-77.0% margin

EPS (Diluted)

$-0.50

QoQ Revenue Growth

+0.1%

Cash Flow

Operating Cash Flow

$16M

Free Cash Flow

$15M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.9B

Total Liabilities

$737M

Stockholders' Equity

$1.2B

Cash & Equivalents

$8M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$57M	$55M	+3.8%
Gross Profit	$35M	$33M	+5.4%
Operating Income	-$36M	$692,000	-5331.2%
Net Income	-$44M	-$11M	-306.2%

Revenue Segments

Residential Segment

$52M92%

Corporate and Other

$5M8%