Elme Communities (ELME) financial statements
Elme Communities reported revenue of $242M in fiscal 2024, down 3.2% a year over 8 years.
Net income was -$13M.
Free cash flow was $48M, and the company returned $64M in dividends.
The diluted share count rose 29% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Elme Communities's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $313M | $280M | $292M | $177M | $176M | $169M | $209M | $228M | $242M |
| Cost of revenue | — | $115M | $105M | $106M | $116M | $113M | $61M | $74M | $80M | $89M |
| Gross profit | — | $198M | $175M | $186M | $113M | $113M | $108M | $135M | $148M | $153M |
| Selling, general and admin | $20M | $20M | $23M | $22M | $26M | $24M | $28M | $28M | $26M | $25M |
| Operating income | $148M | $172M | $43M | $53M | $49M | -$2M | -$5M | -$2M | -$23M | $23M |
| Interest expense | $60M | $53M | $47M | $51M | $54M | $37M | $34M | $25M | $30M | $38M |
| Income tax | $134,000 | -$615,000 | -$84,000 | $0 | $0 | — | — | — | — | — |
| Net income | $90M | $119M | $20M | $26M | $384M | -$16M | $16M | -$31M | -$53M | -$13M |
| EPS (diluted) | $1.31 | $1.65 | $0.25 | $0.32 | $4.75 | -$0.20 | $0.19 | -$0.36 | -$0.61 | -$0.15 |
| Diluted shares | 68M | 72M | 77M | 79M | 80M | 82M | 85M | 87M | 88M | 88M |
| Gross margin | — | 63.3% | 62.4% | 63.8% | 64.2% | 64.2% | 64.1% | 64.7% | 65.0% | 63.3% |
| Operating margin | — | 54.7% | 15.2% | 18.1% | 28.0% | -1.4% | -2.7% | -0.8% | -10.1% | 9.7% |
| Net margin | — | 38.1% | 7.0% | 8.8% | 217.0% | -8.9% | 9.7% | -14.7% | -23.2% | -5.4% |
Balance sheet
Fiscal years, from Elme Communities's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $24M | $11M | $10M | $6M | $13M | $8M | $234M | $8M | $6M | $6M |
| Total assets | $2.2B | $2.3B | $2.4B | $2.4B | $2.6B | $2.4B | $1.9B | $1.9B | $1.9B | $1.8B |
| Total liabilities | $1.4B | $1.2B | $1.3B | $1.3B | $1.2B | $1.1B | $559M | $609M | $746M | $764M |
| Shareholders' equity | $836M | $1.1B | $1.1B | $1.1B | $1.4B | $1.3B | $1.3B | $1.3B | $1.2B | $1.1B |
| Net debt | -$24M | -$11M | -$10M | -$6M | -$13M | -$8M | -$234M | -$8M | -$6M | -$6M |
Cash flow
Fiscal years, from Elme Communities's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $109M | $115M | $131M | $147M | $131M | $113M | $89M | $73M | $85M | $95M |
| Capital spending | $2M | $920,000 | $4M | $963,000 | $68M | $58M | $32M | $37M | $38M | $47M |
| Free cash flow | $107M | $114M | $127M | $146M | $62M | $55M | $57M | $37M | $46M | $48M |
| Stock-based compensation | $5M | $3M | $5M | $7M | $8M | $8M | $9M | $8M | $6M | $5M |
| Dividends paid | $62M | $86M | $92M | $95M | $96M | $99M | $91M | $59M | $64M | $64M |
| Free cash flow margin | — | 36.3% | 45.2% | 50.2% | 35.3% | 31.2% | 33.5% | 17.5% | 20.4% | 19.8% |
| Dividends per share | $0.90 | $1.18 | $1.19 | $1.20 | $1.20 | $1.20 | $1.07 | $0.68 | $0.73 | $0.72 |
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Open ELME in InvestinglyQuestions
What was Elme Communities's revenue in 2024?
$242M in fiscal 2024, from its 10-K filing.
How much free cash flow does Elme Communities generate?
$48M in fiscal 2024 (operating cash flow minus capital spending).
From Elme Communities's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.