Welcome to our dedicated page for Great Elm Group news (Ticker: GEG), a resource for investors and traders seeking the latest updates and insights on Great Elm Group stock.
Great Elm Group, Inc. (NASDAQ: GEG) is an alternative asset manager active in credit and industrial real estate, and its news flow reflects developments across these platforms. Investors following GEG news can see updates on fee-paying assets under management (FPAUM), total assets under management (AUM), and financial results for the company and its managed vehicles, including Great Elm Capital Corp. (GECC) and Monomoy Properties REIT, LLC.
Company press releases regularly cover quarterly and annual financial results, detailing revenue trends, net income or loss from continuing operations, and adjusted EBITDA. These announcements often explain how management fees, incentive fees from GECC, and real estate-related revenues contribute to Great Elm Group’s performance.
News items also describe strategic transactions and partnerships, such as the formation of Great Elm Real Estate Ventures, LLC, the acquisition of the assets of Greenfield CRE to create Monomoy Construction Services, and capital arrangements with institutional partners like Kennedy Lewis Investment Management LLC and Woodstead Value Fund, L.P. These releases provide context on how new capital, term loans, and equity investments are intended to support growth in the credit and real estate verticals.
In addition, Great Elm Group publishes updates on real estate project activity within the Monomoy platform, including build-to-suit developments, property sales, and construction milestones, as well as capital raising and distribution decisions at GECC. The company also issues notices about conference calls and webcasts for its fiscal quarters and significant transactions, giving dates, times, and access details for investors and other interested parties.
For readers tracking GEG, this news stream offers a way to follow changes in AUM, strategic partnerships, real estate initiatives, and credit performance over time. Regular news releases provide insight into how Great Elm Group is managing its alternative asset platforms and responding to market opportunities across credit and industrial real estate.
Great Elm Group (GEG) announced a strategic acquisition that enhances its investment management segment, acquiring the management agreement for Monomoy Properties REIT for $10 million. The deal, approved by disinterested directors, includes a $15 million initial investment and an intention to invest an additional $15 million over the next year. This acquisition more than doubles GEG's assets under management (AUM) to over $572 million, leveraging GEG's tax attributes for growth. The transaction is seen as transformative, aligning with GEG's strategy to generate attractive long-duration capital returns.
Great Elm Group reported fiscal Q2 2022 results, showing consolidated revenue of $16.7 million, up from $15.3 million year-over-year. However, net loss from continuing operations widened to $4.2 million compared to a loss of $0.9 million in the prior year. The Durable Medical Equipment (DME) segment grew revenue 8.1% to $15.7 million, achieving net income of $0.9 million. Investment Management (IM) revenue increased 34.3% to $1.0 million, but net loss reached $2.6 million.
Great Elm Group, Inc. (NASDAQ: GEG) will release its fiscal 2022 second quarter results on February 11, 2022, before the market opens. The company will also host a conference call and webcast on the same day at 9:00 a.m. ET to discuss these financial results. Interested parties can participate by calling specified numbers and entering Conference ID 2595129. The presentation slides will be available on the company’s website, allowing investors to follow along during the call.
Great Elm Group (GEG) reported its fiscal Q1 2022 results, achieving consolidated revenue of $16.5 million, up from $15.4 million year-over-year. The company posted a net income from continuing operations of $0.1 million, reversing a net loss of $3.8 million a year ago. Adjusted EBITDA increased to $4.3 million from $1.9 million. The Durable Medical Equipment segment saw a revenue rise of 6.5% to $15.6 million, driven by resupply sales and acquisitions. Notably, GEG holds approximately $952 million in net operating loss carryforwards.
Great Elm Group, Inc. (NASDAQ: GEG) will announce its fiscal 2022 first quarter results for the period ending September 30, 2021, on November 12, 2021, before market opening. A conference call and webcast will be held at 9:00 a.m. ET the same day to discuss these financial results. Interested participants can join by calling +1 (844) 559-0750 for domestic calls or +1 (647) 689-5386 for international calls, using Conference ID 6687507. Additional resources will be available on their website.
Great Elm Group, Inc. (NASDAQ: GEG) has announced its Annual Stockholders’ Meeting, scheduled for November 17, 2021. The proxy statement detailing the meeting will be available by the first week of October for stockholders of record as of September 30, 2021. This meeting is part of the company's ongoing efforts to engage with its investors and discuss future business strategies.
Great Elm Group operates in two primary areas: investment management and operating companies.
Great Elm Group (GEG) reported its fiscal 2021 fourth quarter and annual financial results, revealing a consolidated revenue of $16.3 million for the quarter and $60.9 million for the year, compared to $14.7 million and $59.0 million respectively in the prior year. The net loss for the quarter was $1.4 million, down from a net income of $4.1 million the previous year. The Durable Medical Equipment (DME) segment saw revenue increase to $57.6 million, while Investment Management (IM) reported net income of $2.7 million. GEG continues to streamline operations and reduce debt, boasting $952 million in net operating loss carryforwards.
Great Elm Group, Inc. (NASDAQ: GEG) announced its fiscal 2021 fourth quarter results will be released on September 20, 2021, after market close. A conference call and webcast are scheduled for September 21, 2021, at 8:30 a.m. ET to discuss these results. Participants can join by calling +1 (844) 559-0750 or through the webcast available on their website. Great Elm operates in investment management and operating companies, reflecting its dual vertical strategy.
Great Elm Group, Inc. (NASDAQ: GEG) has sold its entire ownership interest in two Class A office buildings in Fort Myers, Florida for $4.6 million to an affiliate of Monomoy Properties, LLC. The sale, which enhances GEG's capitalization by eliminating associated debt, allows for improved operating and leverage ratios. GEG previously acquired the properties for $2.7 million in March 2018. The proceeds from this sale will be reinvested into Monomoy's diversified industrial properties REIT portfolio, offering greater cash flow and liquidity through ongoing dividend payments.
Great Elm Group (GEG) announced its fiscal 2021 third-quarter results, reporting consolidated revenue of $15.1 million, down from $16.2 million. The consolidated net loss improved to $2.9 million from $11.9 million year-over-year, while Adjusted EBITDA rose to $3.6 million from $2.6 million. Key developments included the acquisition of AMPM and signs of business recovery in Durable Medical Equipment (DME) operations despite a revenue decline. Investment Management (IM) reported a net loss of $0.3 million. GEG remains optimistic about future growth opportunities.