Elme Communities Financials
This page shows Elme Communities (ELME) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Depreciation-heavy assets let Elme turn revenue into cash flow even while GAAP profit stays below zero.
In FY2024, cash generation and GAAP earnings sharply diverged: operating cash flow was$95.2M while net income was-$13.1M . Because depreciation and amortization ran at$95.9M , close to cash flow itself, the recurring loss pattern looks more like an asset-accounting drag than a business failing to produce cash.
FY2024's shift to a
The balance sheet still carries a little cash cushion: cash was only
Financial Health Signals
Scored against REITs for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Elme Communities's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Elme Communities passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Elme Communities generates $-7.27 in operating cash flow ($95.2M OCF vs -$13.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Elme Communities earns $2.2 in operating income for every $1 of interest expense ($23.5M vs $10.5M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Elme Communities generated $241.9M in revenue in fiscal year 2024. This represents an increase of 6.2% from the prior year.
Elme Communities's EBITDA was $119.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 81.2% from the prior year.
Elme Communities reported -$13.1M in net income in fiscal year 2024. This represents an increase of 75.3% from the prior year.
Elme Communities earned $-0.15 per diluted share (EPS) in fiscal year 2024. This represents an increase of 75.4% from the prior year.
Cash & Balance Sheet
Elme Communities held $6.1M in cash against $0 in long-term debt as of fiscal year 2024.
Elme Communities paid $0.72 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Elme Communities had 88M shares outstanding in fiscal year 2024. This represents an increase of 0.2% from the prior year.
Margins & Returns
Elme Communities's gross margin was 63.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.6 percentage points from the prior year.
Elme Communities's operating margin was 9.7% in fiscal year 2024, reflecting core business profitability. This is up 19.8 percentage points from the prior year.
Elme Communities's net profit margin was -5.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 17.8 percentage points from the prior year.
Elme Communities's ROE was -1.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 3.4 percentage points from the prior year.
Capital Allocation
ELME Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $61.5M+197.6% | $20.7M-66.7% | $62.1M0.0% | $62.1M+1.0% | $61.5M+0.4% | $61.3M+0.3% | $61.1M+1.6% | $60.1M |
| Cost of Revenue | $20.6M | N/A | $24.1M+6.5% | $22.7M+3.0% | $22.0M | N/A | $22.3M+1.3% | $22.0M |
| Gross Profit | $36.4M | N/A | $38.0M-3.7% | $39.4M-0.2% | $39.5M | N/A | $38.8M+1.8% | $38.1M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $9.2M | N/A | $14.1M+82.9% | $7.7M-16.7% | $9.2M | N/A | $6.4M+3.5% | $6.1M |
| Operating Income | $4.8M | N/A | -$113.9M-2019.3% | $5.9M+24.0% | $4.8M | N/A | $6.7M+13.9% | $5.9M |
| Interest Expense | $9.5M | N/A | $9.7M+1.7% | $9.5M+0.4% | $9.5M | N/A | $9.6M+1.8% | $9.4M |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$4.7M+79.1% | -$22.4M+81.9% | -$123.5M-3363.7% | -$3.6M+23.7% | -$4.7M-55.1% | -$3.0M-1.5% | -$3.0M+14.4% | -$3.5M |
| EPS (Diluted) | $-0.05+80.0% | $-0.25+82.1% | $-1.40-3400.0% | $-0.04+20.0% | $-0.05-66.7% | $-0.030.0% | $-0.03+25.0% | $-0.04 |
ELME Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $585.2M-72.3% | $2.1B+25.3% | $1.7B-6.8% | $1.8B-1.0% | $1.8B-1.0% | $1.8B-0.4% | $1.9B-0.4% | $1.9B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $39.3M-97.1% | $1.3B+18690.7% | $7.1M+48.1% | $4.8M-25.2% | $6.4M+4.1% | $6.1M+26.9% | $4.8M-14.0% | $5.6M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $381.3M-79.7% | $1.9B+141.1% | $777.7M+1.8% | $763.7M-0.1% | $764.4M+0.1% | $763.7M+1.3% | $754.2M+1.5% | $743.3M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $203.9M-14.7% | $238.9M-73.7% | $908.9M-13.1% | $1.0B-1.6% | $1.1B-1.7% | $1.1B-1.5% | $1.1B-1.7% | $1.1B |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ELME Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $16.2M | N/A | $16.2M-45.7% | $29.8M+84.5% | $16.2M-34.0% | $24.5M+18.6% | $20.7M-28.4% | $28.9M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$5.7M | N/A | -$12.5M-43.2% | -$8.8M-53.6% | -$5.7M+59.6% | -$14.1M-18.3% | -$11.9M-50.7% | -$7.9M |
| Financing Cash Flow | -$10.1M | N/A | -$1.9M+91.8% | -$23.0M-126.5% | -$10.1M-12.9% | -$9.0M+4.7% | -$9.4M+52.8% | -$19.9M |
| Dividends Paid | $15.9M | N/A | $15.9M-0.2% | $15.9M+0.3% | $15.9M+0.1% | $15.9M-0.1% | $15.9M-0.1% | $15.9M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ELME Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.2% | N/A | 61.1%-2.4pp | 63.5%-0.7pp | 64.2% | N/A | 63.5%+0.1pp | 63.4% |
| Operating Margin | 7.8% | N/A | -183.3%-192.9pp | 9.6%+1.8pp | 7.8% | N/A | 11.0%+1.2pp | 9.8% |
| Net Margin | -7.6%+100.8pp | -108.4%+90.5pp | -198.9%-193.2pp | -5.7%+1.9pp | -7.6%-2.7pp | -4.9%-0.1pp | -4.9%+0.9pp | -5.8% |
| Return on Equity | -531.3%-521.9pp | -9.4%+4.2pp | -13.6%-13.3pp | -0.3%+0.1pp | -0.4%-0.2pp | -0.3%0.0pp | -0.3%+0.0pp | -0.3% |
| Return on Assets | -0.8%+0.3pp | -1.1%+6.3pp | -7.3%-7.1pp | -0.2%+0.1pp | -0.3%-0.1pp | -0.2%0.0pp | -0.2%+0.0pp | -0.2% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.87-6.0 | 7.85+7.0 | 0.86+0.1 | 0.73+0.0 | 0.72+0.0 | 0.71+0.0 | 0.69+0.0 | 0.67 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Elme Communities's annual revenue?
Elme Communities (ELME) reported $241.9M in total revenue for fiscal year 2024. This represents a 6.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Elme Communities's revenue growing?
Elme Communities (ELME) revenue grew by 6.2% year-over-year, from $227.9M to $241.9M in fiscal year 2024.
Is Elme Communities profitable?
No, Elme Communities (ELME) reported a net income of -$13.1M in fiscal year 2024, with a net profit margin of -5.4%.
What is Elme Communities's EBITDA?
Elme Communities (ELME) had EBITDA of $119.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Elme Communities's gross margin?
Elme Communities (ELME) had a gross margin of 63.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Elme Communities's operating margin?
Elme Communities (ELME) had an operating margin of 9.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Elme Communities's net profit margin?
Elme Communities (ELME) had a net profit margin of -5.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Elme Communities pay dividends?
Yes, Elme Communities (ELME) paid $0.72 per share in dividends during fiscal year 2024.
What is Elme Communities's return on equity (ROE)?
Elme Communities (ELME) has a return on equity of -1.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Elme Communities's operating cash flow?
Elme Communities (ELME) generated $95.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Elme Communities's total assets?
Elme Communities (ELME) had $1.8B in total assets as of fiscal year 2024, including both current and long-term assets.
What is Elme Communities's debt-to-equity ratio?
Elme Communities (ELME) had a debt-to-equity ratio of 0.71 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Elme Communities's return on assets (ROA)?
Elme Communities (ELME) had a return on assets of -0.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Elme Communities's Piotroski F-Score?
Elme Communities (ELME) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Elme Communities's earnings high quality?
Elme Communities (ELME) has an earnings quality ratio of -7.27x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Elme Communities cover its interest payments?
Elme Communities (ELME) has an interest coverage ratio of 2.2x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Elme Communities?
Elme Communities (ELME) scores 46 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.