Comstock Q4 revenue up 20% to $9.3M; FY 2022 Adjusted EBITDA up 55% to $9.0M

Comstock Holding Companies, Inc.

Q4 revenue $9.3M (+20% YoY), operating income $1.6M (+61%), net income $1.3M (+39%).
FY 2022 revenue $39.3M (+26%), operating income $8.0M (+57%), net income $7.7M (vs $16.0M in 2021 due to prior year tax benefit).
Adjusted EBITDA Q4 $1.9M (+58%), FY $9.0M (+55%).
Structured $77.5M refinancing at 4.5% fixed rate for Loudoun Station Phase II.
Managed portfolio grew to 41 assets; commercial leased at 86.8% (up from 81.4%).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Comstock Holding Companies, Inc. reported the fourth quarter and fiscal year ended December 31, 2022 results: revenue $9.3 million, net income $1.3 million, EPS $0.13.

Period: the fourth quarter and fiscal year ended December 31, 2022
Revenue: $9.3 million
Net income: $1.3 million
EPS: $0.13
Result: reported results

Exact text from the filing

specific reference in such filing. --- EX-99.1 (EX-99.1) --- a2022-q4earningsreleasef Comstock Reports Fourth Quarter and Fiscal Year 2022 Results • Revenue increased 20% to $9.3 million in Q4 2022 vs. $7.8 million in Q4 2021; FY 2022 revenue increased 26% to $39.3 million vs. $31.1 million in 2021 • Operating income increased 61% to $1.6 million

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Comstock Holding Companies, Inc. filing history →

Source: SEC EDGAR

accession 0001299969-23-000009

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