ELME Q3 2024 Earnings — Elme Communities Revenue & Financial Results | Market Cap Arena

ELMEElme Communities

$191M

Q3 2024 Earnings

Real Estate REIT - Office

Income Statement

Revenue

$61M+7.8% YoY

Gross Profit

$37M59.9% margin

Operating Income

$7M11.0% margin

Net Income

-$3M-4.9% margin

EPS (Diluted)

$-0.03

QoQ Revenue Growth

+1.6%

Cash Flow

Operating Cash Flow

$21M

Free Cash Flow

$21M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.9B

Total Liabilities

$754M

Stockholders' Equity

$1.1B

Cash & Equivalents

$5M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$61M	$57M	+7.8%
Gross Profit	$37M	$35M	+4.7%
Operating Income	$7M	-$36M	+118.6%
Net Income	-$3M	-$44M	+93.2%

Revenue Segments

Residential Segment

$56M100%