Elme Communities (ELME) Balance Sheet
ELME balance sheet, 2025
December 31, 2025 · U.S. dollars$2.11B assets = $1.88B liabilities + $238.9M equity
Both columns are drawn to the same scale: what ELME owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ELME financial health
Descriptive bands, not a rating. Fiscal 2025.
ELME balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.25B2016 | $2.11B2025 | −0.7%/yr | |
| Total liabilities | $1.20B2016 | $1.88B2025 | +5.1%/yr | |
| Shareholders’ equity | $1.05B2016 | $238.9M2025 | −15.2%/yr | |
| Cash & short-term investments | $11.3M2016 | $1.33B2025 | +69.9%/yr | |
| Total debt | $1.11B2016 | $520.0M2025 | −8.1%/yr | |
| Net cash (debt) | −$1.10B2016 | $811.9M2025 | +$1.9B | |
| Working capital | −$15.7M2016 | $20.1M2025 | +$35.8M | |
| Book value per share | $14.532016 | $2.712025 | −17.0%/yr | |
| Current ratio | 0.922016 | 1.022025 | +0.09 | |
| Debt / equity | 1.062016 | 2.182025 | +1.12 | |
| Shares outstanding | 72.3M2016 | 88.1M2025 | +2.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ELME assets
ELME liabilities and equity
ELME debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ELME balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.33B | $6.1M | $6.0M | $8.4M | $233.6M | $7.7M | $12.9M | $6.0M | $9.8M | $11.3M |
| Cash & equivalents | $1.33B | $6.1M | $6.0M | $8.4M | $233.6M | $7.7M | $12.9M | $6.0M | $9.8M | $11.3M |
| Short-term investments | — | — | $1.2M | $2.0M | — | — | $5.5M | $10.6M | $9.4M | $7.6M |
| Receivables | $6.0M | $12.5M | $17.6M | $16.3M | $15.1M | $11.9M | $65.3M | $64.0M | $69.8M | $64.3M |
| Inventory | $0 | $0 | −$1.2M | −$2.0M | $620,000 | $603,000 | $65.2M | $1.6M | $82.0M | $6.3M |
| Other current assets | $0 | $2.5M | $3.8M | $3.5M | $33.9M | $913.1M | $95.1M | $142.2M | $125.1M | $103.5M |
| Total current assets | $1.33B | $21.1M | $26.2M | $26.2M | $283.2M | $933.3M | $238.5M | $213.8M | $286.7M | $185.4M |
| Property, plant & equipment (net) | $0 | $0 | $1.85B | $1.82B | $1.59B | $1.48B | $2.39B | $2.00B | $2.07B | $2.07B |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $1.82B | $1.59B | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $782.4M | $1.82B | $26.8M | $0 | $0 | $0 | $0 | $203.4M | $0 | $0 |
| Total assets | $2.11B | $1.85B | $1.90B | $1.87B | $1.88B | $2.41B | $2.63B | $2.42B | $2.36B | $2.25B |
| Liabilities | ||||||||||
| Accounts payable | $8.0M | $36.3M | $39.0M | $34.4M | $40.6M | $44.1M | $71.1M | $57.9M | $61.6M | $47.0M |
| Short-term debt | — | $176.0M | $157.0M | $55.0M | $496.9M | $42.0M | $56.0M | $188.0M | $34.5M | $52.6M |
| Deferred revenue | — | $6.3M | $5.2M | $1.6M | $2.1M | $2.5M | $9.4M | $11.7M | $12.5M | $11.8M |
| Total current liabilities | $1.31B | $234.4M | $217.1M | $105.9M | $57.3M | $139.1M | $161.9M | $283.3M | $265.4M | $201.1M |
| Long-term debt | $520.0M | $523.0M | $522.3M | $497.4M | $496.9M | $945.4M | $1.04B | $1.06B | $0 | $0 |
| Other long-term liabilities | $43.6M | $6.3M | $6.2M | $5.6M | $4.7M | $4.2M | $10.6M | $10.1M | $998.6M | $1.00B |
| Total liabilities | $1.88B | $763.7M | $745.7M | $608.8M | $558.9M | $1.09B | $1.22B | $1.35B | $1.26B | $1.20B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | — | $880,000 | $879,000 | $875,000 | $863,000 | $844,000 | $821,000 | $799,000 | $785,000 | $746,000 |
| Retained earnings (deficit) | — | −$646.1M | −$569.4M | −$453.0M | −$362.5M | −$298.9M | −$183.4M | −$469.1M | −$399.2M | −$326.0M |
| Accumulated other comprehensive income | — | −$13.1M | −$13.0M | −$14.2M | −$19.1M | −$30.6M | $1.8M | $9.8M | $9.4M | $7.6M |
| Minority interest | — | $281,000 | $290,000 | $298,000 | $307,000 | — | — | — | — | — |
| Total shareholders' equity | $238.9M | $1.08B | $1.15B | $1.26B | $1.32B | $1.32B | $1.41B | $1.07B | $1.09B | $1.05B |
| Key figures | ||||||||||
| Total debt | $520.0M | $699.0M | $679.3M | $552.4M | $496.9M | $987.4M | $1.10B | $1.24B | $1.16B | $1.11B |
| Net cash (debt) | $811.9M | −$692.8M | −$673.4M | −$544.0M | −$263.3M | −$979.7M | −$1.09B | −$1.24B | −$1.15B | −$1.10B |
| Working capital | $20.1M | −$213.3M | −$190.9M | −$79.7M | $225.8M | $794.2M | $76.6M | −$69.5M | $21.3M | −$15.7M |
| Tangible book value | $238.9M | $1.08B | $1.15B | $1.26B | $1.32B | $1.32B | $1.41B | $1.07B | $1.09B | $1.05B |
| Book value per share | $2.71 | $12.30 | $13.15 | $14.46 | $15.58 | $16.04 | $17.57 | $13.51 | $14.25 | $14.53 |
| Shares outstanding | 88.1M | 87.9M | 87.7M | 87.4M | 84.5M | 82.3M | 80.3M | 79.0M | 76.8M | 72.3M |
| Current ratio | 1.02 | 0.09 | 0.12 | 0.25 | 4.94 | 6.71 | 1.47 | 0.75 | 1.08 | 0.92 |
| Quick ratio | 1.02 | 0.08 | 0.11 | 0.23 | 4.34 | 0.14 | 0.48 | 0.25 | 0.30 | 0.38 |
| Debt / equity | 2.18 | 0.65 | 0.59 | 0.44 | 0.38 | 0.75 | 0.78 | 1.16 | 1.06 | 1.06 |
| Equity / assets | 11.3% | 58.6% | 60.7% | 67.5% | 70.2% | 54.8% | 53.7% | 44.2% | 46.4% | 46.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $41.3M | $39.3M | $1.33B | $7.1M | $4.8M | $6.4M | $6.1M | $4.8M | $5.6M | $4.2M | $6.0M | $8.1M |
| Cash & equivalents | $41.3M | $39.3M | $1.33B | $7.1M | $4.8M | $6.4M | $6.1M | $4.8M | $5.6M | $4.2M | $6.0M | $8.1M |
| Short-term investments | — | — | — | — | — | — | — | — | $521,000 | $1.3M | $1.2M | $2.4M |
| Receivables | $1.2M | $1.7M | $6.0M | $13.3M | $12.2M | $12.2M | $12.5M | $12.7M | $12.6M | $12.9M | $17.6M | $15.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.2M | −$521,000 | −$1.3M | −$1.2M | −$2.4M |
| Other current assets | $0 | $0 | $0 | $2.3M | $2.3M | $2.6M | $2.5M | $0 | $2.8M | $4.0M | $3.8M | $4.5M |
| Total current assets | $41.3M | $39.3M | $1.33B | $22.7M | $19.3M | $21.2M | $21.1M | $19.9M | $20.5M | $19.8M | $26.2M | $25.5M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $1.77B | $1.78B | $0 | $0 | $1.82B | $1.83B | $1.85B | $1.85B |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $419.2M | $546.0M | $782.4M | $1.66B | $24.5M | $27.5M | $1.82B | $1.83B | $23.1M | $26.0M | $26.8M | $34.2M |
| Total assets | $460.4M | $585.2M | $2.11B | $1.69B | $1.81B | $1.83B | $1.85B | $1.85B | $1.86B | $1.88B | $1.90B | $1.91B |
| Liabilities | ||||||||||||
| Accounts payable | $5.1M | $6.2M | $8.0M | $41.7M | $38.2M | $31.1M | $36.3M | $36.3M | $37.3M | $31.1M | $39.0M | $40.7M |
| Short-term debt | — | — | — | $186.0M | $175.0M | $182.0M | $176.0M | $168.0M | $156.0M | $160.0M | $157.0M | $149.0M |
| Deferred revenue | — | — | — | $4.8M | $5.1M | $6.0M | $6.3M | $4.8M | $5.1M | $4.4M | $5.2M | $3.4M |
| Total current liabilities | $5.1M | — | $1.31B | $248.4M | $234.3M | $235.0M | $234.4M | $225.0M | $214.3M | $211.4M | $217.1M | $208.9M |
| Long-term debt | $251.0M | $0 | $520.0M | $523.3M | $523.2M | $523.1M | $523.0M | $522.9M | $522.7M | $522.5M | $522.3M | $522.1M |
| Other long-term liabilities | $36.6M | $381.3M | $43.6M | $6.0M | $6.3M | $6.3M | $6.3M | $6.3M | $6.3M | $6.2M | $6.2M | $6.2M |
| Total liabilities | $292.8M | $381.3M | $1.88B | $777.7M | $763.7M | $764.4M | $763.7M | $754.2M | $743.3M | $740.1M | $745.7M | $737.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | — | $882,000 | $882,000 | $882,000 | $880,000 | $880,000 | $880,000 | $880,000 | $879,000 | $878,000 |
| Retained earnings (deficit) | — | — | — | −$825.7M | −$686.2M | −$666.7M | −$646.1M | −$627.2M | −$608.3M | −$588.9M | −$569.4M | −$550.4M |
| Accumulated other comprehensive income | — | — | — | −$10.9M | −$11.6M | −$12.5M | −$13.1M | −$14.3M | −$12.7M | −$12.4M | −$13.0M | −$12.3M |
| Minority interest | — | — | — | $274,000 | $277,000 | — | — | — | — | — | — | — |
| Total shareholders' equity | $167.7M | $203.9M | $238.9M | $908.9M | $1.05B | $1.06B | $1.08B | $1.10B | $1.12B | $1.14B | $1.15B | $1.17B |
| Key figures | ||||||||||||
| Total debt | $251.0M | — | $520.0M | $709.3M | $698.2M | $705.1M | $699.0M | $690.9M | $678.7M | $682.5M | $679.3M | $671.1M |
| Net cash (debt) | −$209.8M | — | $811.9M | −$702.2M | −$693.4M | −$698.7M | −$692.8M | −$686.1M | −$673.1M | −$678.3M | −$673.4M | −$663.1M |
| Working capital | $36.2M | — | $20.1M | −$225.7M | −$214.9M | −$213.9M | −$213.3M | −$205.1M | −$193.8M | −$191.6M | −$190.9M | −$183.4M |
| Tangible book value | $167.7M | $203.9M | $238.9M | $908.9M | $1.05B | $1.06B | $1.08B | $1.10B | $1.12B | $1.14B | $1.15B | $1.17B |
| Book value per share | $1.90 | $2.32 | $2.71 | $10.32 | $11.88 | $12.07 | $12.30 | $12.50 | $12.72 | $12.93 | $13.15 | $13.36 |
| Shares outstanding | 88.1M | 88.1M | 88.1M | 88.1M | 88.1M | 88.1M | 87.9M | 87.9M | 87.9M | 87.9M | 87.8M | 87.8M |
| Current ratio | 8.09 | — | 1.02 | 0.09 | 0.08 | 0.09 | 0.09 | 0.09 | 0.10 | 0.09 | 0.12 | 0.12 |
| Quick ratio | 8.32 | — | 1.02 | 0.08 | 0.07 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.11 | 0.11 |
| Debt / equity | 1.50 | — | 2.18 | 0.78 | 0.67 | 0.66 | 0.65 | 0.63 | 0.61 | 0.60 | 0.59 | 0.57 |
| Equity / assets | 36.4% | 34.8% | 11.3% | 53.9% | 57.8% | 58.2% | 58.6% | 59.3% | 60.1% | 60.5% | 60.7% | 61.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
ELME financial position
At the end of fiscal 2025 (December 31, 2025), Elme Communities had total assets of $2.1 billion (up 14.5% from a year earlier), total liabilities of $1.9 billion and shareholders' equity of $238.9 million. It held $1.3 billion in cash and short-term investments against $520.0 million of debt, a net cash position of $811.9 million. Its current ratio was 1.02. In the latest quarter (ended June 30, 2026) total assets were $460.4 million and equity $167.7 million.
Related: ELME income statement, ELME cash flow statement, ELME key metrics. See the ELME stock overview for the latest quote and news.
ELME balance sheet FAQ
What are Elme Communities's total assets?
Elme Communities reported total assets of $2.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.8 billion a year earlier.
How much debt does Elme Communities have?
Elme Communities had $520.0 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 2.18.
How much cash does Elme Communities have?
Elme Communities held $1.3 billion in cash and short-term investments at the end of fiscal 2025; with $520.0 million of debt that is net cash of $811.9 million.
What is Elme Communities's book value?
Elme Communities's shareholders' equity (book value) was $238.9 million at the end of fiscal 2025, or $2.71 per share.
What is Elme Communities's current ratio?
Elme Communities had current assets of $1.3 billion and current liabilities of $1.3 billion, a current ratio of 1.02 (it can cover its short-term obligations).