Elme Communities (ELME) Gross Margin (2017 - 2021)
Elme Communities (ELME) reported Gross Margin of 60.7% for Q2 2021, down 139.0% on a YoY basis from 155.64% in Q2 2020, and up 77.16% sequentially from 34.26% in Q1 2021.
Elme Communities (ELME) Gross Margin (2017 - 2021) Analysis & Trends
Elme Communities (ELME) has 5 years of Gross Margin data on file, last reported at 60.7% in Q2 2021.
- For the quarter ending Q2 2021, Gross Margin fell 139.0% year-over-year to 60.7%; the trailing twelve-month figure through Jun 2021 stood at 40.44% (down 1702.0% YoY), and the FY2020 full-year result was 35.85%, up 124.0% from the prior year.
- Gross Margin climbed to 60.7% in Q2 2021, 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.
- A 5-year average of 56.51% and a median of 62.07% in 2019 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin soared 400 bps in 2019 and slumped 2916 bps in 2020, its largest moves.
- Tracing ELME's Gross Margin over 5 years: stood at 76.38% in 2017, then declined by 16 bps to 64.24% in 2018, then dropped by 3 bps to 62.05% in 2019, then sank by 47 bps to 32.89% in 2020, then soared by 85 bps to 60.7% in 2021.
- Business Quant data shows ELME's Gross Margin at 60.7% in Q2 2021, 34.26% in Q1 2021, and 32.89% in Q4 2020.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.63 Bn | 26.85 Bn | - | - |
| 2 | Equity Residential | 25.81 Bn | 26.00 Bn | - | - |
| 3 | Invitation Homes | 17.83 Bn | 17.87 Bn | 694.98 Mn | 94.67% |
| 4 | Mid America Apartment Communities | 15.53 Bn | 15.53 Bn | 537.05 Mn | 96.67% |
| 5 | Sun Communities | 14.72 Bn | 14.83 Bn | 491.20 Mn | 96.71% |
| 6 | Udr | 12.95 Bn | 12.92 Bn | 416.43 Mn | 97.79% |
| 7 | Equity Lifestyle Properties | 12.81 Bn | 12.87 Bn | 378.95 Mn | 95.30% |
| 8 | American Homes 4 Rent | 12.07 Bn | 12.74 Bn | - | - |
| 9 | Camden Property Trust | 11.83 Bn | 11.90 Bn | - | - |
| 10 | Elme Communities | 130.38 Mn | -1.20 Bn | - | - |
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% |