Elme Communities (ELME) Gross Margin (2017 - 2021)
Elme Communities' (ELME) quarterly Gross Margin came in at 60.7% in Q2 2021, down 139.0% year-on-year from 155.64% in Q2 2020, and up 77.16% quarter-over-quarter from 34.26% in Q1 2021.
Elme Communities (ELME) Gross Margin (2017 - 2021) Analysis & Trends
Elme Communities has disclosed Gross Margin across 5 years of filings, most recently posting 60.7% for Q2 2021.
- Gross Margin for Q2 2021 came in at 60.7%, down 139.0% year-over-year; the trailing twelve-month figure through Jun 2021 was 40.44% (down 1702.0% YoY), and the FY2020 annual result was 35.85%, up 124.0% from the prior year.
- Gross Margin came in at 60.7% for Q2 2021 at Elme Communities, up from 34.26% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 76.38% in Q4 2017 to a low of 32.89% in Q4 2020.
- The 5-year median for Gross Margin is 62.07% (2019), against an average of 56.51%.
- Across the five-year window, Gross Margin soared 400 bps in 2019 and plunged 2916 bps in 2020, its largest moves.
- Elme Communities' Gross Margin stood at 76.38% in 2017, then fell by 16 bps to 64.24% in 2018, then declined by 3 bps to 62.05% in 2019, then plunged by 47 bps to 32.89% in 2020, then jumped by 85 bps to 60.7% in 2021.
- The last three Gross Margin figures came in at 60.7% (Q2 2021), 34.26% (Q1 2021), and 32.89% (Q4 2020), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 24.79 Bn | 25.01 Bn | - | - |
| 2 | Equity Residential | 24.35 Bn | 24.48 Bn | - | - |
| 3 | Invitation Homes | 17.23 Bn | 17.27 Bn | 694.98 Mn | 94.67% |
| 4 | Mid America Apartment Communities | 15.51 Bn | 15.59 Bn | 537.05 Mn | 96.67% |
| 5 | Sun Communities | 14.54 Bn | 14.65 Bn | 491.20 Mn | 96.71% |
| 6 | American Homes 4 Rent | 13.37 Bn | 13.94 Bn | - | - |
| 7 | Udr | 12.30 Bn | 12.30 Bn | 416.43 Mn | 97.79% |
| 8 | Equity Lifestyle Properties | 12.06 Bn | 12.12 Bn | 393.79 Mn | 99.04% |
| 9 | Camden Property Trust | 11.45 Bn | 11.53 Bn | - | - |
| 10 | Elme Communities | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2021 | 60.70% |
| Mar 31, 2021 | 34.26% |
| Dec 31, 2020 | 32.89% |
| Sep 30, 2020 | 34.41% |
| Jun 30, 2020 | 62.09% |
| Mar 31, 2020 | 37.39% |
| Dec 31, 2019 | 62.05% |
| Sep 30, 2019 | 61.76% |
| Jun 30, 2019 | 63.38% |
| Mar 31, 2019 | 63.40% |
| Dec 31, 2018 | 64.24% |
| Sep 30, 2018 | 63.40% |
| Jun 30, 2018 | 64.27% |
| Mar 31, 2018 | 59.40% |
| Dec 31, 2017 | 76.38% |
| Sep 30, 2017 | 64.20% |