Elme Communities

For the period ended Jun 30, 2024. Filed Aug 2, 2024.

About 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.

Jun 30, 2024 · Filed Aug 2, 2024

ELME$1.77+0.6%Stored close · as of Oct 22, 2026

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Contents

Condensed Consolidated Statements of Operations

(IN THOUSANDS, EXCEPT PER SHARE DATA)

	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Revenue
Real estate rental revenue	$60,103	$56,599	$119,616	$112,408
Expenses
Property operating and maintenance	13,996	13,325	27,460	25,664
Real estate taxes and insurance	7,986	6,933	16,241	14,115
Property management	2,175	2,178	4,393	3,947
General and administrative	6,138	6,680	12,334	13,521
Transformation costs	—	2,454	—	5,354
Depreciation and amortization	23,895	21,415	48,838	42,951
	54,190	52,985	109,266	105,552
Real estate operating income	5,913	3,614	10,350	6,856
Other income (expense)
Interest expense	(9,384)	(6,794)	(18,878)	(13,625)
Loss on extinguishment of debt	—	—	—	(54)
Other income	—	569	1,410	569
	(9,384)	(6,225)	(17,468)	(13,110)
Net loss	$(3,471)	$(2,611)	$(7,118)	$(6,254)
Basic net loss per common share	$(0.04)	$(0.03)	$(0.08)	$(0.07)
Diluted net loss per common share	$(0.04)	$(0.03)	$(0.08)	$(0.07)
Weighted average shares outstanding – basic	87,910	87,741	87,898	87,695
Weighted average shares outstanding – diluted	87,910	87,741	87,898	87,695

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.