Elme Communities (ELME) Gross Margin (2017 - 2021)
Elme Communities (ELME) posted quarterly Gross Margin of 60.7% for Q2 2021, down 139.0% year-over-year from 155.64% in Q2 2020, and up 77.16% on a QoQ basis from 34.26% in Q1 2021.
Elme Communities (ELME) Gross Margin (2017 - 2021) Analysis & Trends
Elme Communities has reported Gross Margin for 5 years, with the latest figure at 60.7% in 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 grew to 60.7% in Q2 2021, from 34.26% in the prior quarter.
- Over five years, Gross Margin peaked at 76.38% in Q4 2017 and troughed at 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.
- The widest annual swing landed in 2019, when Gross Margin soared 400 bps; it then plunged 2916 bps in 2020.
- A 5-year view of Gross Margin shows it stood at 76.38% in 2017, then decreased by 16 bps to 64.24% in 2018, then retreated by 3 bps to 62.05% in 2019, then slumped by 47 bps to 32.89% in 2020, then soared by 85 bps to 60.7% in 2021.
- Per Business Quant data, the three most recent Gross Margin figures were 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 | 26.11 Bn | 26.32 Bn | - | - |
| 2 | Erp Operating Ltd Partnership | 23.87 Bn | 24.06 Bn | - | - |
| 3 | Invitation Homes | 17.84 Bn | 17.84 Bn | 705.34 Mn | 94.35% |
| 4 | Mid America Apartment Communities | 15.28 Bn | 15.15 Bn | 537.17 Mn | 96.77% |
| 5 | Sun Communities | 14.91 Bn | 14.91 Bn | 460.10 Mn | 94.94% |
| 6 | Equity Lifestyle Properties | 12.61 Bn | 12.61 Bn | 375.97 Mn | 94.51% |
| 7 | American Homes 4 Rent | 12.35 Bn | 12.35 Bn | - | - |
| 8 | Udr | 12.14 Bn | 12.14 Bn | 412.43 Mn | 96.95% |
| 9 | Camden Property Trust | 11.02 Bn | 11.02 Bn | - | - |
| 10 | Elme Communities | 146.67 Mn | -1.19 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% |