Elme Communities
For the period ended Mar 31, 2024. Filed May 2, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
ELME$1.77+0.6%Stored close · as of Oct 22, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
(IN THOUSANDS, EXCEPT PER SHARE DATA)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | ||
| Real estate rental revenue | $59,513 | $55,809 |
| Expenses | ||
| Property operating and maintenance | 13,464 | 12,339 |
| Real estate taxes and insurance | 8,255 | 7,182 |
| Property management | 2,218 | 1,769 |
| General and administrative | 6,196 | 6,841 |
| Transformation costs | — | 2,900 |
| Depreciation and amortization | 24,943 | 21,536 |
| 55,076 | 52,567 | |
| Real estate operating income | 4,437 | 3,242 |
| Other income (expense) | ||
| Interest expense | (9,494) | (6,831) |
| Loss on extinguishment of debt | — | (54) |
| Other income | 1,410 | — |
| (8,084) | (6,885) | |
| Net loss | $(3,647) | $(3,643) |
| Basic net loss per common share | $(0.04) | $(0.04) |
| Diluted net loss per common share | $(0.04) | $(0.04) |
| Weighted average shares outstanding – basic | 87,885 | 87,649 |
| Weighted average shares outstanding – diluted | 87,885 | 87,649 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.