Elme Communities (ELME) Tax Rate (2015 - 2018)
Elme Communities (ELME) reported Tax Rate of 15.34% for Q2 2018, up 1673.0% on a YoY basis from 0.87% in Q2 2017, and up 18484.93% sequentially from 0.08% in Q4 2017.
Elme Communities (ELME) Tax Rate (2015 - 2018) Analysis & Trends
Elme Communities (ELME) has 4 years of Tax Rate data on file, last reported at 15.34% in Q2 2018.
- For the quarter ending Q2 2018, Tax Rate rose 1673.0% year-over-year to 15.34%; the trailing twelve-month figure through Dec 2018 stood at 7.51% (up 743.0% YoY), and the FY2017 full-year result was 2.02%, up 254.0% from the prior year.
- Tax Rate grew to 15.34% in Q2 2018, from 0.08% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 15.34% in Q2 2018 to a low of 2.23% in Q2 2016.
- A 4-year average of 2.33% and a median of 0.0% in 2016 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate sank 915 bps in 2016 and jumped 1673 bps in 2018, its largest moves.
- Tracing ELME's Tax Rate over 4 years: stood at 0.11% in 2015, then surged by 818 bps to 1.02% in 2016, then sank by 108 bps to 0.08% in 2017, then surged by 18485 bps to 15.34% in 2018.
- Business Quant data shows ELME's Tax Rate at 15.34% in Q2 2018, 0.08% in Q4 2017, and 1.39% in Q2 2017.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.48 Bn | 26.48 Bn | - | -0.09 |
| 2 | Equity Residential | 25.80 Bn | 25.80 Bn | - | 0.09 |
| 3 | Invitation Homes | 18.05 Bn | 18.05 Bn | 694.98 Mn | - |
| 4 | Mid America Apartment Communities | 15.67 Bn | 15.54 Bn | 537.05 Mn | 2.06 |
| 5 | Sun Communities | 14.96 Bn | 14.96 Bn | 491.20 Mn | 7.23 |
| 6 | Udr | 13.01 Bn | 12.98 Bn | 416.43 Mn | - |
| 7 | Equity Lifestyle Properties | 12.85 Bn | 12.85 Bn | 378.95 Mn | - |
| 8 | American Homes 4 Rent | 12.22 Bn | 12.22 Bn | - | - |
| 9 | Camden Property Trust | 11.94 Bn | 11.94 Bn | - | 2.07 |
| 10 | Elme Communities | 132.16 Mn | -1.20 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2018 | 15.34 |
| Jun 30, 2018 | 15.34 |
| Jun 30, 2018 | 15.34 |
| Dec 31, 2017 | -0.08 |
| Dec 31, 2017 | -0.08 |
| Dec 31, 2017 | -0.08 |
| Jun 30, 2017 | -1.39 |
| Jun 30, 2017 | -1.39 |
| Jun 30, 2017 | -1.39 |
| Dec 31, 2016 | 1.02 |
| Dec 31, 2016 | 1.02 |
| Dec 31, 2016 | 1.02 |
| Sep 30, 2016 | 0.00 |
| Sep 30, 2016 | 0.00 |
| Sep 30, 2016 | 0.00 |
| Jun 30, 2016 | -2.23 |
| Jun 30, 2016 | -2.23 |
| Jun 30, 2016 | -2.23 |
| Dec 31, 2015 | 0.11 |
| Dec 31, 2015 | 0.11 |