Fri, May 2, 8:26 PM (13 days ago)
**Elme Communities (ELME, NYSE) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** Q1 2025 revenue was $61.5 million, up from $59.5 million in Q1 2024, driven by higher rental income and ancillary revenue. - **Profit Margins:** Net loss widened to $4.7 million in Q1 2025 from $3.6 million in Q1 2024 due to higher professional fees and other income in the prior year. - **Cash Flow:** Net cash provided by operating activities decreased to $16.2 million in Q1 2025 from $21.2 million in Q1 2024, primarily due to higher net loss. - **Earnings Changes:** Basic and diluted net loss per common share were $(0.05) in Q1 2025, compared to $(0.04) in Q1 2024. **Trends & Uncertainties:** - **Occupancy:** Same-store average occupancy increased to 94.8% in Q1 2025 from 94.3% in Q1 2024. - **Capital Expenditures:** Q1 2025 capital expenditures were $5.7 million, down from $13.6 million in Q1 2024. - **Debt:** No debt maturities are scheduled until 2026. The company has a total liquidity position of $316.7 million as of April 29, 2025. - **Strategic Review:** The board of trustees initiated a formal review to evaluate strategic alternatives to maximize shareholder value. **Future Operations Impact:** - **Dividends:** The company intends to continue paying dividends at or about current levels but will assess this on a quarterly basis. - **Capital Requirements:** Full-year 2025 capital requirements include funding dividends, investing in the existing portfolio, and potential property acquisitions. - **Market Risks:** The company is exposed to interest rate risk, and it uses derivative instruments to manage this risk.