Elme Communities
NYSE: ELME · REAL ESTATE · REIT - RESIDENTIAL
Updated 2026-06-05
Elme Communities (ELME) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $219.66M | $255.66M | $282.31M | $306.93M | $297.98M | $289.53M | $304.98M | $263.02M | $288.64M | $306.43M | $313.26M | $325.08M | $336.89M | $176.75M | $176.00M | $169.15M | $209.38M | $227.91M | $241.94M | — |
| Revenue growth (YoY) | — | +16.4% | +10.4% | +8.7% | -2.9% | -2.8% | +5.3% | -13.8% | +9.7% | +6.2% | +2.2% | +3.8% | +3.6% | -47.5% | -0.4% | -3.9% | +23.8% | +8.9% | +6.2% | -100.0% |
| Cost of revenue | — | $54.53M | $94.57M | $104.57M | $98.92M | $97.19M | $103.28M | $93.29M | $103.69M | $112.23M | $115.01M | $115.65M | $116.23M | $69.42M | $69.13M | $66.92M | $81.44M | $87.94M | $97.56M | $76.60M |
| Gross profit | $219.66M | $255.66M | $187.74M | $202.36M | $199.06M | $192.34M | $201.71M | $169.73M | $184.94M | $194.19M | $198.25M | $209.43M | $220.66M | $107.32M | $106.88M | $102.24M | $127.94M | $139.97M | $144.37M | $-76.60M |
| Gross margin | 100.0% | 100.0% | 66.5% | 65.9% | 66.8% | 66.4% | 66.1% | 64.5% | 64.1% | 63.4% | 63.3% | 64.4% | 65.5% | 60.7% | 60.7% | 60.4% | 61.1% | 61.4% | 59.7% | — |
| R&D | — | — | — | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $12.62M | $15.10M | $12.32M | $13.91M | $14.41M | $15.73M | $15.49M | $17.54M | $19.76M | $20.26M | $19.55M | $22.58M | $22.09M | $26.07M | $23.95M | $34.17M | $28.26M | $25.89M | $24.97M | $54.59M |
| Operating income | $85.60M | $90.87M | $88.99M | $94.41M | $90.66M | $83.31M | $80.82M | $65.19M | $64.03M | $148.14M | $171.50M | $66.56M | $77.95M | $49.48M | $-2.42M | $-484000.00 | $-1.72M | $-23.06M | $23.47M | $-122.21M |
| Operating margin | 39.0% | 35.5% | 31.5% | 30.8% | 30.4% | 28.8% | 26.5% | 24.8% | 22.2% | 48.3% | 54.7% | 20.5% | 23.1% | 28.0% | -1.4% | -0.3% | -0.8% | -10.1% | 9.7% | — |
| EBITDA | $136.15M | $161.11M | $174.32M | $186.52M | $184.65M | $117.36M | $121.29M | $87.36M | $158.07M | $172.01M | $177.53M | $186.85M | $198.57M | $190.66M | $117.02M | $76.48M | $85.79M | $66.40M | $120.67M | $-44.05M |
| EBITDA margin | 62.0% | 63.0% | 61.7% | 60.8% | 62.0% | 40.5% | 39.8% | 33.2% | 54.8% | 56.1% | 56.7% | 57.5% | 58.9% | 107.9% | 66.5% | 45.2% | 41.0% | 29.1% | 49.9% | — |
| EBIT | $81.98M | $90.08M | $87.89M | $92.07M | $90.66M | $24.07M | $18.22M | $1.62M | $62.06M | $63.08M | $-66.61M | $-63.44M | $-40.94M | $49.48M | $-3.01M | $-103.13M | $-5.93M | $-22.55M | $24.73M | $-122.21M |
| Interest expense | — | $61.91M | $69.91M | $75.00M | $68.39M | $66.47M | $64.70M | $63.57M | $59.78M | $59.55M | $53.13M | $46.79M | $50.50M | $53.73M | $37.30M | $34.06M | $24.94M | $30.43M | $37.84M | $31.95M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $38.66M | $61.88M | $32.84M | $40.74M | $37.43M | $104.88M | $23.71M | $37.35M | $111.64M | $89.74M | $119.34M | $19.67M | $25.63M | $383.55M | $-15.68M | $-21.79M | $-30.87M | $-52.98M | $-13.10M | $-154.16M |
| Net income growth (YoY) | — | +60.1% | -46.9% | +24.1% | -8.1% | +180.2% | -77.4% | +57.5% | +198.9% | -19.6% | +33.0% | -83.5% | +30.3% | +1396.5% | -104.1% | -39.0% | -41.7% | -71.6% | +75.3% | -1076.5% |
| Profit margin | 17.6% | 24.2% | 11.6% | 13.3% | 12.6% | 36.2% | 7.8% | 14.2% | 38.7% | 29.3% | 38.1% | 6.1% | 7.6% | 217.0% | -8.9% | -12.9% | -14.7% | -23.2% | -5.4% | — |
Frequently asked questions
What is Elme Communities's revenue?
Elme Communities's trailing twelve-month revenue is $247.63M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How much free cash flow does ELME generate?
ELME produced $62.24M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is ELME's balance sheet healthy?
ELME holds $1.33B in cash and equivalents against $520.00M in long-term debt, on $238.91M of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.