Elme CommunitiesELMEEarnings & Financial Report
Elme Communities is a publicly traded U.S. real estate investment trust that primarily owns, operates and develops high-quality multifamily residential communities. It focuses on key growth markets across the U.S. Mid-Atlantic and Southeast, offering affordable to mid-tier housing options for diverse renter groups.
Revenue
$58.9M
Gross Profit
$38.6M
Operating Profit
$6.3M
Net Profit
$-3.1M
Gross Margin
65.6%
Operating Margin
10.7%
Net Margin
-5.3%
YoY Growth
5.9%
EPS
$-0.04
Elme Communities Q4 FY2023 Financial Summary
Elme Communities reported revenue of $58.9M (up 5.9% YoY) for Q4 FY2023, with a net profit of $-3.1M (up 12.1% YoY) (-5.3% margin). Cost of goods sold was $20.3M, operating expenses totaled $32.3M.
Key Financial Metrics
| Total Revenue | $58.9M |
|---|---|
| Net Profit | $-3.1M |
| Gross Margin | 65.6% |
| Operating Margin | 10.7% |
| Report Period | Q4 FY2023 |
Elme Communities Annual Revenue by Year
Elme Communities annual revenue history includes year-by-year totals (for example, 2024 revenue was $241.9M).
| Year | Annual Revenue |
|---|---|
| 2024 | $241.9M |
| 2023 | $227.9M |
| 2022 | $209.4M |
Elme Communities Quarterly Revenue & Net Profit History
Elme Communities results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $62.1M | +1.7% | $-123.5M | -198.9% |
| Q2 FY2025 | $62.1M | +3.3% | $-3.6M | -5.7% |
| Q1 FY2025 | $61.5M | +3.3% | $-4.7M | -7.6% |
| Q4 FY2024 | $61.3M | +4.1% | $-3.0M | -4.9% |
| Q3 FY2024 | $61.1M | +7.8% | $-3.0M | -4.9% |
| Q2 FY2024 | $60.1M | +6.2% | $-3.5M | -5.8% |
| Q1 FY2024 | $59.5M | +6.6% | $-3.6M | -6.1% |
| Q4 FY2023 | $58.9M | +5.9% | $-3.1M | -5.3% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $58.9M | $59.5M | $60.1M | $61.1M | $61.3M | $61.5M | $62.1M | $62.1M |
| YoY Growth | 5.9% | 6.6% | 6.2% | 7.8% | 4.1% | 3.3% | 3.3% | 1.7% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.90B | $1.88B | $1.86B | $1.85B | $1.85B | $1.83B | $1.81B | $1.69B |
| Liabilities | $745.7M | $740.1M | $743.3M | $754.2M | $763.7M | $764.4M | $763.7M | $777.7M |
| Equity | $1.15B | $1.14B | $1.12B | $1.10B | $1.08B | $1.06B | $1.05B | $908.9M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $22.9M | $21.2M | $28.9M | $20.7M | $95.2M | $16.2M | $29.8M | $15.9M |