Great Elm Group Reports Fiscal 2027 First Quarter Financial Results
Key Highlights
- ➤Q1 revenue $3.3 million, down from $10.8 million year over year
- ➤Q1 net loss $4.1 million, narrowed from $7.0 million
- ➤Monomoy REIT deployed approximately $8.1 million across four property acquisitions
- ➤FPAUM $564 million and AUM $760 million, down 5% and 3%
- ➤Great Elm held $43.2 million cash and repurchased 266,000 shares at $2.20
Expert Statements
Jason Reese, Chief Executive Officer of Great Elm Group
“We made meaningful progress during the quarter on several strategic initiatives designed to drive growth across our alternative asset management platform, expand fee-paying assets under management, and build a more scalable and durable earnings base.”
Jason Reese, Chief Executive Officer of Great Elm Group
“While our first quarter financial results reflected the uneven cadence of certain real estate investment sales and headwinds in alternative credit, we remain confident in our ability to execute on our strategic priorities.”
Jason Reese, Chief Executive Officer of Great Elm Group
“In Alternative Credit, GECC remains focused on sustainable investment performance, preserving liquidity, and rebuilding net asset value.”
Jason Reese, Chief Executive Officer of Great Elm Group
“We are prioritizing portfolio diversification, credit quality, and disciplined underwriting over incremental yield, while maintaining a measured approach to capital deployment.”
Jason Reese, Chief Executive Officer of Great Elm Group
“GECC’s lower leverage, ample liquidity, and manageable debt maturity profile provide flexibility to capitalize on compelling investment opportunities.”
Jason Reese, Chief Executive Officer of Great Elm Group
“Our institutional relationships and differentiated sourcing capabilities further enhance our ability to identify investments that we believe can generate attractive risk-adjusted returns and support more consistent earnings over time.”
Jason Reese, Chief Executive Officer of Great Elm Group
“Our Real Estate business continues to demonstrate strong momentum, driven by the expansion of Monomoy REIT's industrial outdoor storage portfolio and our vertically integrated operating capabilities.”
Jason Reese, Chief Executive Officer of Great Elm Group
“We also continued to explore capital raising opportunities to support the next phase of growth across the platform.”
Jason Reese, Chief Executive Officer of Great Elm Group
“With approximately $43 million of cash and cash equivalents at quarter end, we believe Great Elm is well positioned to support its strategic growth initiatives.”
Jason Reese, Chief Executive Officer of Great Elm Group
“We also repurchased shares of our common stock for the twelfth consecutive quarter, reflecting our confidence in the long-term value of the Company.”
Jason Reese, Chief Executive Officer of Great Elm Group
“Looking ahead, our priorities remain centered on disciplined capital allocation, growing AUM and recurring fee revenue, and delivering sustainable long-term value for shareholders.”
Advancing Strategic Initiatives Across Credit and Real Estate to Drive Growth and Expand Fee-Paying AUM
Strong Balance Sheet with Over $43 Million of Cash and Cash Equivalents to Support Continued Growth Initiatives
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