Elme Communities
For the period ended Jun 30, 2024. Filed Aug 2, 2024.
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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
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS, EXCEPT PER SHARE DATA)
| June 30, 2024 | December 31, 2023 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Land | $383,808 | $384,097 |
| Income producing property | 1,976,127 | 1,960,020 |
| 2,359,935 | 2,344,117 | |
| Accumulated depreciation and amortization | (573,054) | (528,024) |
| Net income producing property | 1,786,881 | 1,816,093 |
| Properties under development or held for future development | 30,980 | 30,980 |
| Total real estate held for investment, net | 1,817,861 | 1,847,073 |
| Cash and cash equivalents | 5,629 | 5,984 |
| Restricted cash | 2,263 | 2,554 |
| Rents and other receivables | 12,575 | 17,642 |
| Prepaid expenses and other assets | 23,147 | 26,775 |
| Total assets | $1,861,475 | $1,900,028 |
| Liabilities | ||
| Notes payable, net | $522,734 | $522,345 |
| Line of credit | 156,000 | 157,000 |
| Accounts payable and other liabilities | 37,283 | 38,997 |
| Dividend payable | 15,905 | 15,863 |
| Advance rents | 5,074 | 5,248 |
| Tenant security deposits | 6,334 | 6,225 |
| Total liabilities | 743,330 | 745,678 |
| Equity | ||
| Shareholders’ equity | ||
| Preferred shares; $0.01 par value; 10,000 shares authorized; no shares issued or outstanding | — | — |
| Shares of beneficial interest, $0.01 par value; 150,000 shares authorized; 88,011 and 87,867 shares issued and outstanding, as of June 30, 2024 and December 31, 2023, respectively | 880 | 879 |
| Additional paid in capital | 1,737,941 | 1,735,530 |
| Distributions in excess of net income | (608,310) | (569,391) |
| Accumulated other comprehensive loss | (12,651) | (12,958) |
| Total shareholders’ equity | 1,117,860 | 1,154,060 |
| Noncontrolling interests in subsidiaries | 285 | 290 |
| Total equity | 1,118,145 | 1,154,350 |
| Total liabilities and equity | $1,861,475 | $1,900,028 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.