Elme Communities
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $206.4M | $241.9M | $227.9M | $209.4M | $169.2M | $176.0M | $176.7M | $291.7M |
| Cost of Revenue | $76.6M | $88.7M | $79.8M | $74.0M | $60.8M | $63.0M | $115.6M | $105.6M |
| Gross Profit | $129.8M | $153.2M | $148.1M | $135.4M | $108.4M | $113.0M | $113.4M | $186.1M |
| Gross Margin | 62.9% | 63.3% | 65.0% | 64.7% | 64.1% | 64.2% | 64.2% | 63.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $54.6M | $25.0M | $25.9M | $28.3M | $27.5M | $24.0M | $26.1M | $22.1M |
| Operating Income | $-122.2M | $23.5M | $-23.1M | $-1.7M | $-4.6M | $-2.4M | $49.5M | $52.8M |
| Operating Margin | -59.2% | 9.7% | -10.1% | -0.8% | -2.7% | -1.4% | 28.0% | 18.1% |
| Interest Expense | $8.4M | $10.5M | $30.4M | $24.9M | $34.1M | $37.3M | $53.7M | $50.5M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | — | $0 | $0 |
| Net Income | $-154.2M | $-13.1M | $-53.0M | $-30.9M | $16.4M | $-15.7M | $383.6M | $25.6M |
| Net Margin | -74.7% | -5.4% | -23.2% | -14.7% | 9.7% | -8.9% | 217.0% | 8.8% |
| EPS (Basic) | $-1.75 | $-0.15 | $-0.61 | $-0.36 | $0.19 | $-0.20 | $4.75 | $0.32 |
| EPS (Diluted) | $-1.75 | $-0.15 | $-0.61 | $-0.36 | $0.19 | $-0.20 | $4.75 | $0.32 |
| Shares Outstanding (Basic) | 88.1M | 87.9M | 87.7M | 87.4M | 84.5M | 82.3M | 80.3M | 79.0M |
| Shares Outstanding (Diluted) | 88.1M | 87.9M | 87.7M | 87.4M | 84.5M | 82.3M | 80.3M | 79.0M |
| Dividends Per Share | $0.54 | $0.72 | $0.72 | $0.68 | $0.94 | $1.20 | $1.20 | $1.20 |