Comstock Q2 revenue up 34% to $8.5M; operating income +127% to $1.1M

Comstock Holding Companies, Inc.

2022-Q2 EPS reported $0.50 revenue$17,198,000

Revenue $8.5M (Q2 2022) vs $6.3M (Q2 2021); YTD revenue $17.2M, up 31%.
Operating income $1.1M vs $0.5M; net income $0.7M excluding $11.3M deferred tax benefit.
Redeemed all Series C preferred for 1M shares + $4M cash, a ~52% discount to $17.2M liquidation.
New asset management agreement covers Anchor Portfolio; term extended through 2035 with mark-to-market fees.
Dwight Schar, retired NVR CEO/Chairman, becomes major shareholder.

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