ELME Q4 2022 Earnings — Elme Communities Revenue & Financial Results | Market Cap Arena

ELMEElme Communities

$191M

Q4 2022 Earnings

Real Estate REIT - Office

Income Statement

Revenue

$56M+24.2% YoY

Gross Profit

$35M62.8% margin

Operating Income

$3M5.0% margin

Net Income

-$4M-6.4% margin

EPS (Diluted)

$-0.11

QoQ Revenue Growth

+1.8%

Cash Flow

Operating Cash Flow

$22M

Free Cash Flow

$21M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.9B

Total Liabilities

$609M

Stockholders' Equity

$1.3B

Cash & Equivalents

$8M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$56M	$45M	+24.2%
Gross Profit	$35M	$27M	+27.1%
Operating Income	$3M	-$2M	+226.0%
Net Income	-$4M	-$7M	+48.0%

Revenue Segments

Residential Segment

$51M91%

Corporate and Other

$5M9%