earnings
confidence high
sentiment positive
materiality 0.75
Comstock Q3 2022 revenue up 26% to $12.8M; net income $3.7M; revolver fully paid
Comstock Holding Companies, Inc.
2022-Q3 EPS reported
$0.86
revenue$30,011,000
- Revenue $12.8M (+26% YoY); operating income $3.9M (+24% YoY); diluted EPS $0.37.
- Paid off remaining $5.5M on $10M revolver, leaving balance sheet debt-free on that facility.
- Managed portfolio grew to 40 assets; secured 98,000 sq ft of new leases in Q3.
- YTD net income $6.4M; excluding prior-year $11.3M tax benefit, net income rose 70% to $6.5M.
- Incentive fee revenue of $3.9M from 2022 Asset Management Agreement.