Elme Communities (ELME) Gross Margin (2017 - 2021)
Elme Communities recorded quarterly Gross Margin of 60.7% in Q2 2021, up 77.16% quarter-over-quarter from 34.26% in Q1 2021, and down 139.0% year-over-year from 155.64% in Q2 2020.
Elme Communities' Gross Margin history runs 5 years deep, the most recent figure standing at 60.7% for Q2 2021.
- In Q2 2021, Gross Margin fell 139.0% year-over-year to 60.7%; the TTM figure through Jun 2021 stood at 40.44% (down 1702.0% YoY), while the FY2020 annual figure 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.
- 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 jumped 400 bps in 2019 and tumbled 2916 bps in 2020, its largest moves.
- Elme Communities' Gross Margin stood at 76.38% in 2017, then retreated by 16 bps to 64.24% in 2018, then fell by 3 bps to 62.05% in 2019, then tumbled by 47 bps to 32.89% in 2020, then surged by 85 bps to 60.7% in 2021.
- According to Business Quant data, Gross Margin over the past three periods registered 60.7%, 34.26%, and 32.89% for Q2 2021, Q1 2021, and Q4 2020 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 25.91 Bn | 26.13 Bn | - | - |
| 2 | Equity Residential | 25.13 Bn | 25.27 Bn | - | - |
| 3 | Invitation Homes | 17.75 Bn | 17.79 Bn | 694.98 Mn | 94.67% |
| 4 | Sun Communities | 15.66 Bn | 15.77 Bn | 491.20 Mn | 96.71% |
| 5 | Mid America Apartment Communities | 15.34 Bn | 15.42 Bn | 537.05 Mn | 96.67% |
| 6 | American Homes 4 Rent | 13.60 Bn | 14.17 Bn | - | - |
| 7 | Udr | 12.44 Bn | 12.44 Bn | 416.43 Mn | 97.79% |
| 8 | Equity Lifestyle Properties | 12.31 Bn | 12.37 Bn | 393.79 Mn | 99.04% |
| 9 | Camden Property Trust | 11.27 Bn | 11.34 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% |