Elme Communities financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Elme Communities files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	306	313	325	292	177	176	169	209	228	242
Cost of revenue		115	105	106	116	63	60.8	74	79.8	88.7
Gross profit		198	175	186	113	113	108	135	148	153
General and administrative	20.1	19.5	22.6	22.1	26.1	24	27.5	28.3	25.9	25
Operating income	148	172	42.6	52.8	49.5	-2.42	-4.59	-1.72	-23.1	23.5
Interest expense	59.5	53.1	46.8	50.5	53.7	37.3	34.1	24.9	30.4	37.8
Other non-operating income	-59.1	-52.2	-46.2	-51.7	-53.7	-37.9	-48.5	-29.1	-29.9	-36.6
Income tax	0.13	-0.62	-0.08	0	0
Net income to minority interests	-0.55	-0.05	-0.06	0	0
Net income	89.7	119	19.7	25.6	384	-15.7	16.4	-30.9	-53	-13.1
EBITDA	257	280	155	174	191	118	91	90	65.9	119
EPS, basic	1.31	1.65	0.25	0.32	4.75	-0.20	0.19	-0.36	-0.61	-0.15
EPS, diluted	1.31	1.65	0.25	0.32	4.75	-0.20	0.19	-0.36	-0.61	-0.15
Shares, basic (weighted)	68.2	72.2	76.8	79	80.3	82.3	84.5	87.4	87.7	87.9
Shares, diluted (weighted)	68.3	72.3	76.8	79	80.3	82.3	84.5	87.4	87.7	87.9
Dividend per share	1.20	1.20	1.20	1.20	1.20	1.20	0.94	0.68	0.72	0.72

Balance sheet

	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents	23.8	11.3	9.85	6.02	12.9	7.7	234	8.39	5.98	6.14
Lease right-of-use assets							4.6	2.6
Total assets	2,191	2,254	2,359	2,417	2,628	2,410	1,876	1,873	1,900	1,846
Total liabilities	1,354	1,202	1,264	1,349	1,216	1,089	559	609	746	764
Paid-in capital	1,193	1,369	1,484	1,527	1,592	1,649	1,697	1,730	1,736	1,740
Retained earnings	-358	-326	-399	-469
Other comprehensive income	-0.55	7.61	9.42	9.84	1.82	-30.6	-19.1	-14.2	-13	-13.1
Shareholders' equity	836	1,051	1,095	1,068	1,412	1,321	1,317	1,263	1,154	1,082
Minority interests	1.36	1.12	0.37	0.35	0.34	0.32	0.31	0.3	0.29	0.28
Total equity	837	1,052	1,095	1,068	1,412	1,321	1,317	1,264	1,154	1,082
Total liabilities and equity	2,191	2,254	2,359	2,417	2,628	2,410	1,876	1,873	1,900	1,846
Shares outstanding	68.2	74.6	78.5	79.9	82.1	84.4	86.3	87.5	87.9	88

Cash flow statement

	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	89.2	119	19.6	25.6	384	-15.7	16.4	-30.9	-53	-13.1
Depreciation and amortization	109	108	112	121	141	120	95.6	91.7	89	95.9
Stock-based compensation	5.11	3.49	4.77	6.75	7.74	7.87	8.55	7.99	5.54	5.22
Deferred income tax	0	-0.7	-0.08	0	0
Change in payables	-3.2	-2.56	3.45	-2.37	-4.8	-15.8
Cash from operations	109	115	131	147	131	113	89.2	73.2	84.7	95.2
Capital expenditures	-2.13	-0.92	-3.87	-0.96	-68.5	-58.1	-32.4	-36.5	-38.2	-47.4
Cash from investing	-89.8	-63.5	-196	-38.9	61	65.8	702	-241	-146	-43.7
Stock issued	5.22	173	113	35.5	54.9	48.4	40.5	26.8	0	0
Dividends paid	-61.5	-85.6	-91.7	-95.1	-96.4	-99.1	-90.7	-59.4	-64.3	-63.6
Cash from financing	-8.41	-70.8	60.7	-113	-185	-185	-565	-56.4	60.2	-51.4
Net change in cash	11.1	-19.6	-5	-4.98	7.11	-6.46	226	-224	-1.31	0.07
Free cash flow	107	114	127	146	62.5	54.9	56.7	36.7	46.5	47.9
Interest paid	57.2	51.1	45.7	49.1	51	37.5	27.2	20.8	23.5	32.2
Income taxes paid	0.26	0.07	0.02	0	0

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to December 31, 2025; growth uses fiscal years. Valuation uses the share price of $1.73 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Net margin	-74.7%	Net income / revenue.
Return on assets (ROA)	-7.8%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	6.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	12.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	6.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	3.5%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	12.2%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	6.2%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income CAGR, 5y	-13.9%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	81.2%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	9.5%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	-8.9%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	12.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	2.2%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-6.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	3.0%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-5.5%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-5.2%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	-8.5%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	-9.7%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-6.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-6.3%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-5.2%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-2.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-0.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-6.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	1.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	1.8%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	88.7%	Total liabilities / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.10x	Revenue / average total assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$1.74	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.

Valuation

Metric	Value	How it is calculated
Market cap	$153.7M	Share price x shares outstanding.
Enterprise value	-$1.18B	Market cap + total debt - cash - short-term investments.
P/S	0.74x	Market cap / revenue.
Earnings yield	-100.3%	Net income / market cap (the inverse of P/E).

What was Elme Communities's revenue in fiscal 2024?

Elme Communities reported revenue of $241.9M for fiscal 2024, 6.2% higher than the year before.

Was Elme Communities profitable in fiscal 2024?

No. It reported a net loss of $13.1M.

How much free cash flow did Elme Communities generate in fiscal 2024?

Cash from operations of $95.2M minus capital expenditures of $47.4M left free cash flow of $47.9M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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