Elme Communities (Elme Communities) Interest Expense : $-30.4 Mil (TTM As of Dec. 2023)

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What is Elme Communities Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Elme Communities's interest expense for the three months ended in Dec. 2023 was $ -9.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-30.4 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Elme Communities's Operating Income for the three months ended in Dec. 2023 was $ 6.3 Mil. Elme Communities's Interest Expense for the three months ended in Dec. 2023 was $ -9.4 Mil. Elme Communities's Interest Coverage for the quarter that ended in Dec. 2023 was 0.67. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Elme Communities Interest Expense Historical Data

The historical data trend for Elme Communities's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Elme Communities Interest Expense Chart

Elme Communities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-53.73

-37.31

-34.06

-24.94

-30.43

Elme Communities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-6.55	-6.83	-6.79	-7.42	-9.39

Elme Communities Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-30.4 Mil.

Elme Communities (NYSE:ELME) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Elme Communities's Interest Expense for the three months ended in Dec. 2023 was $-9.4 Mil. Its Operating Income for the three months ended in Dec. 2023 was $6.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $522.3 Mil.

Elme Communities's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	6.281	/	-9.386
	=	0.67

The higher the ratio, the stronger the company's financial strength is.

Elme Communities (Elme Communities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Elme Communities (NYSE:ELME) » Definitions » Interest Expense

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Traded in Other Exchanges

WRI:Germany

Address

1775 Eye Street North West, Suite 1000, Washington, DC, USA, 20006

Website

https://www.elmecommunities.com

Elme Communities is a real estate investment trust engaged in owning and operating properties in the greater Washington DC metropolitan area. The company's real estate portfolio is comprised of office, retail, and multifamily properties located primarily near major transportation nodes. Washington REIT derives nearly all of its income in the form of rental revenue from tenants organized into long-term leases. The company's office assets contribute the majority of this income, while the rest is split fairly evenly between its retail and multifamily locations. Washington REIT's largest tenants are banking, consulting, law, and financial services firms.

Executives

Susan Carras	director	345 PARK AVENUE, NEW YORK NY 10154
Tiffany Michelle Butcher	officer: EVP & COO	1775 EYE STREET NW, SUITE 1000, WASHINGTON DC 20006
Steven Freishtat	officer: EVP & CFO	1775 EYE STREET NW, SUITE 1000, WASHINGTON DC 20006
Jennifer S Banner	director	214N TRYON STREET, CHARLOTTE NC 28202
Susan Lilly Gerock	officer: SVP & CIO	1775 EYE STREET, NW, SUITE 1000, WASHINGTON DC 20006
Ellen M. Goitia	director	1775 EYE STREET, NW, SUITE 1000, WASHINGTON DC 20006
Taryn D. Fielder	officer: SVP, GC & Corporate Secretary	1775 EYE STREET, N.W., SUITE 1000, WASHINGTON DC 20006
Murn Edward J. Iv	officer: Managing Director, Residential	6110 EXECUTIVE BOULEVARD, SUITE 800, ROCKVILLE MD 20852
Wade Drew Hammond	officer: VP & CAO elect & Controller	1775 EYE ST., NW, SUITE 1000, WASHINGTON DC 20006
John P Mcdaniel	other: Trustee	C/O MEDIFAST, INC., 3600 CRONDALL LANE, OWINGS MILLS MD 21117
Stephen Edward Riffe	officer: E.V.P. & CFO-elect	1775 EYE STREET, NW, SUITE 1000, WASHINGTON DC 20006
Nolan Thomas H Jr	director	14631 NORTH SCOTTSDALE RD, SUITE 200, SCOTTSDALE AZ 85254
Laura M Franklin	officer: S.V.P. & Corp. Sec.	CONSOLIDATED-TOMOKA LAND CO., PO BOX 10809, DAYTONA BEACH FL 32120
Thomas L Regnell	officer: Mnging. Dir. - Acquisitions
Benjamin S Butcher	director	ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110