Elme Communities (ELME) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
7550 WISCONSIN AVENUE BETHESDA, MD 20814 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 5,984 | 8,389 | 233,600 | 7,700 | 12,939 | 6,016 | |||
| Cash and cash equivalents | 5,984 | 8,389 | 233,600 | 7,700 | 12,939 | 6,016 | |||
| Deferred costs | 120 | 4,866 | 7,793 | 11,117 | |||||
| Total current assets: | 5,984 | 8,389 | 233,720 | 12,566 | 20,732 | 17,133 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,600 | 4,600 | ✕ | ||||||
| Property, plant and equipment | 384,097 | 373,171 | 322,623 | 551,578 | 566,807 | 614,659 | |||
| Total noncurrent assets: | 384,097 | 375,771 | 327,223 | 551,578 | 566,807 | 614,659 | |||
| Other undisclosed assets | 1,509,947 | 1,488,446 | 1,315,051 | 1,845,674 | 2,040,789 | 1,785,312 | |||
| TOTAL ASSETS: | 1,900,028 | 1,872,606 | 1,875,994 | 2,409,818 | 2,628,328 | 2,417,104 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 100 | 200 | 500 | 700 | 900 | 1,100 | |||
| Liability, pension and other postretirement and postemployment benefits | 100 | 200 | 500 | 700 | 900 | 1,100 | |||
| Total noncurrent liabilities: | 100 | 200 | 500 | 700 | 900 | 1,100 | |||
| Other undisclosed liabilities | 745,578 | 608,620 | 558,432 | 1,088,009 | 1,215,366 | 1,347,526 | |||
| Total liabilities: | 745,678 | 608,820 | 558,932 | 1,088,709 | 1,216,266 | 1,348,626 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,154,060 | 1,263,488 | 1,316,755 | 1,320,787 | 1,411,726 | 1,068,127 | |||
| Common stock | 879 | 875 | 863 | 844 | 821 | 799 | |||
| Additional paid in capital | 1,735,530 | 1,729,854 | 1,697,477 | 1,649,366 | 1,592,487 | 1,526,574 | |||
| Accumulated other comprehensive income (loss) | (12,958) | (14,233) | (19,091) | (30,563) | 1,823 | 9,839 | |||
| Accumulated deficit | (469,085) | ||||||||
| Other undisclosed equity, attributable to parent | (569,391) | (453,008) | (362,494) | (298,860) | (183,405) | ||||
| Equity, attributable to noncontrolling interest | 290 | 298 | 307 | 322 | 336 | 351 | |||
| Total equity: | 1,154,350 | 1,263,786 | 1,317,062 | 1,321,109 | 1,412,062 | 1,068,478 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,900,028 | 1,872,606 | 1,875,994 | 2,409,818 | 2,628,328 | 2,417,104 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 227,911 | 209,380 | 169,151 | 294,118 | 309,180 | 336,890 | ||
| Cost of revenue | (94,277) | (91,123) | (73,550) | (112,909) | (115,580) | (116,230) | ||
| Cost of goods and services sold | (79,830) | (74,001) | (60,782) | (112,909) | 33,200 | |||
| Other undisclosed gross profit | 14,447 | 17,122 | 12,768 | |||||
| Gross profit: | 148,081 | 135,379 | 108,369 | 181,209 | 193,600 | 220,660 | ||
| Operating expenses | (156,697) | (119,980) | (100,194) | (143,981) | (168,997) | (143,317) | ||
| Other undisclosed operating income (loss) | (14,447) | (17,122) | (12,768) | (15,009) | 58,263 | 609 | ||
| Operating income (loss): | (23,063) | (1,723) | (4,593) | 22,219 | 82,866 | 77,952 | ||
| Nonoperating expense | (29,914) | (29,145) | (48,547) | (37,899) | (53,734) | (52,322) | ||
| Investment income, nonoperating | (15,009) | 59,961 | 2,495 | |||||
| Interest and debt expense | (54) | (4,917) | (12,727) | (34) | (53,734) | (1,178) | ||
| Income (loss) from continuing operations before income taxes: | (53,031) | (35,785) | (65,867) | (15,714) | (24,602) | 24,452 | ||
| Other undisclosed income from continuing operations | 54 | 4,917 | 12,727 | 34 | 53,734 | |||
| Income (loss) from continuing operations: | (52,977) | (30,868) | (53,140) | (15,680) | 29,132 | 24,452 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 16,384 | (15,680) | 383,550 | 24,452 | |
| Income from discontinued operations | 69,524 | 354,418 | ||||||
| Other undisclosed net income (loss) | 1,178 | |||||||
| Net income (loss): | (52,977) | (30,868) | 16,384 | (15,680) | 383,550 | 25,630 | ||
| Other undisclosed net income attributable to parent | ||||||||
| Net income (loss) attributable to parent: | (52,977) | (30,868) | 16,384 | (15,680) | 383,550 | 25,630 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (1,962) | (526) | ||||||
| Other undisclosed net loss available to common stockholders, basic | ||||||||
| Net income (loss) available to common stockholders, diluted: | (52,977) | (30,868) | 16,384 | (15,680) | 381,588 | 25,104 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (52,977) | (30,868) | 16,384 | (15,680) | 383,550 | 25,630 | ||
| Other comprehensive income (loss) | (8,016) | 420 | ||||||
| Comprehensive income (loss): | (52,977) | (30,868) | 16,384 | (15,680) | 375,534 | 26,050 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1,275 | 4,858 | 11,472 | (32,386) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (51,702) | (26,010) | 27,856 | (48,066) | 375,534 | 26,050 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.