Elme Communities

For the period ended Sep 30, 2024. Filed Nov 5, 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.

Sep 30, 2024 · Filed Nov 5, 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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Contents

Condensed Consolidated Statements of Operations

(IN THOUSANDS, EXCEPT PER SHARE DATA)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Revenue
Real estate rental revenue	$61,055	$56,651	$180,671	$169,059
Expenses
Property operating and maintenance	14,095	12,696	41,555	38,360
Real estate taxes and insurance	8,163	7,101	24,404	21,216
Property management	2,235	1,935	6,628	5,882
General and administrative	6,354	6,370	18,688	19,891
Transformation costs	—	985	—	6,339
Depreciation and amortization	23,474	21,904	72,312	64,855
Real estate impairment	—	41,860	—	41,860
	54,321	92,851	163,587	198,403
Real estate operating income	6,734	(36,200)	17,084	(29,344)
Other income (expense)
Interest expense	(9,557)	(7,418)	(28,435)	(21,043)
Loss on extinguishment of debt	(147)	—	(147)	(54)
Other income	—	—	1,410	569
	(9,704)	(7,418)	(27,172)	(20,528)
Net loss	$(2,970)	$(43,618)	$(10,088)	$(49,872)
Basic net loss per common share	$(0.03)	$(0.50)	$(0.12)	$(0.57)
Diluted net loss per common share	$(0.03)	$(0.50)	$(0.12)	$(0.57)
Weighted average shares outstanding – basic	87,930	87,759	87,909	87,717
Weighted average shares outstanding – diluted	87,930	87,759	87,909	87,717

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.