Elme Communities (ELMES) Property Operating Expenses (2009 - 2025)
Elme Communities (ELMES) posted Property Operating Expenses of $16.05 million for Q3 2025, up 13.9% from $14.1 million a year earlier and up 9.8% from the prior quarter.
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Analysis
Elme Communities (ELMES) Property Operating Expenses (2009 - 2025) Analysis & Trends
For the trailing twelve months through Sep 30, 2025, Property Operating Expenses at Elme Communities was $59.58 million, up 10.0% year-over-year; for FY2024, it came in at $56.28 million, up 10.4% from FY2023.
- Annual Property Operating Expenses has increased for three consecutive years, with a five-year compound annual growth rate of 6.9% (FY2019 to FY2024).
- In prior years, Elme Communities' Property Operating Expenses was $50.99 million in FY2023 (+7.6%), $47.38 million in FY2022 (+22.8%), $38.57 million in FY2021 (-2.7%) and $39.63 million in FY2020 (-1.9%).
- The Q3 2025 figure stands as the highest quarterly Property Operating Expenses since Q2 2018.
- On a year-over-year basis, Property Operating Expenses has increased in each of the last eight quarters, with growth averaging 8.9% over the last eight quarters.
- The strongest year-over-year quarter for Property Operating Expenses in the past five years was Q3 2022, with growth of 32.2%; the weakest was Q3 2021, with a decline of 4.5%.
- According to Business Quant data, Property Operating Expenses for the three prior quarters was $14.62 million (Q2 2025), $14.18 million (Q1 2025) and $14.73 million (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Property Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.36 Bn | 166.43 Bn | 1.47 Bn | 2.25 Bn |
| 2 | Prologis | 122.34 Bn | 120.73 Bn | - | 511.72 Mn |
| 3 | Simon Property | 79.95 Bn | 78.05 Bn | - | 180.83 Mn |
| 4 | Public Storage | 62.14 Bn | 61.58 Bn | 112.08 Mn | 333.19 Mn |
| 5 | Realty Income | 55.95 Bn | 57.33 Bn | - | 122.39 Mn |
| 6 | Ventas | 47.02 Bn | 46.18 Bn | -3.39 Bn | 1.10 Bn |
| 7 | Ryman Hospitality Properties | 46.62 Bn | 45.46 Bn | 266.41 Mn | 158.13 Mn |
| 8 | Vivmark Residential | 37.34 Bn | 37.09 Bn | - | 245.28 Mn |
| 9 | Extra Space Storage | 33.12 Bn | 32.90 Bn | 650.96 Mn | 238.84 Mn |
| 10 | Elme Communities | 4.41 Mn | -1.35 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 16.05 Mn |
| Jun 30, 2025 | 14.62 Mn |
| Mar 31, 2025 | 14.18 Mn |
| Dec 31, 2024 | 14.73 Mn |
| Sep 30, 2024 | 14.10 Mn |
| Jun 30, 2024 | 14.00 Mn |
| Mar 31, 2024 | 13.46 Mn |
| Dec 31, 2023 | 12.63 Mn |
| Sep 30, 2023 | 12.70 Mn |
| Jun 30, 2023 | 13.33 Mn |
| Mar 31, 2023 | 12.34 Mn |
| Dec 31, 2022 | 11.98 Mn |
| Sep 30, 2022 | 13.09 Mn |
| Jun 30, 2022 | 11.75 Mn |
| Mar 31, 2022 | 10.57 Mn |
| Dec 31, 2021 | 9.92 Mn |
| Sep 30, 2021 | 9.90 Mn |
| Jun 30, 2021 | 9.36 Mn |
| Mar 31, 2021 | 9.40 Mn |
| Dec 31, 2020 | 10.03 Mn |
API Access
Elme Communities Property Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=property-operating-expenses&ticker=ELMES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "property-operating-expenses", "ticker": "ELMES", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=property-operating-expenses&ticker=ELMES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();