---
schema_version: "secwatch.filing_event.v1"
accession: "0001299969-23-000018"
form_type: "8-K"
ticker: "CHCI"
cik: "0001299969"
company_name: "Comstock Holding Companies, Inc."
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T02:15:52.443161+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Comstock Q1 revenue up 18% to $10.3M; net income down on non-cash items

## Summary
- Revenue $10.3M, up 18% YoY ($8.7M); asset management +9%, three property mgmt subsidiaries combined +37%.
- Net income $0.7M vs $2.0M Q1 2022; includes $0.5M non-cash tax benefit from partial release of DTA.
- Adjusted EBITDA $1.6M, essentially flat vs prior year ($1.6M).
- Managed residential portfolio 93% leased (up from 84% Q1 2022); commercial 90% leased (up from 82%).
- Executed ~100k sq ft of new commercial leases in Q1; Ebbitt House expansion to Reston Station.

## SEC filing metadata
- accession: 0001299969-23-000018
- form_type: 8-K
- ticker: CHCI
- cik: 0001299969
- company_name: Comstock Holding Companies, Inc.
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1299969/000129996923000018/0001299969-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1299969/000129996923000018/chci-20230512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001299969-23-000018
- JSON: https://secwatch.observer/filing/0001299969-23-000018.json
- Plain text: https://secwatch.observer/filing/0001299969-23-000018.txt

## Key facts
- Earnings Releases
  Comstock Holding Companies, Inc. reported the first quarter ended March 31, 2023 results: revenue $10,275, net income 754, EPS $0.07.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $10,275
  - Net income: 754
  - EPS: $0.07
  - Result: reported results
  source text: Key Performance Metrics1 ($ in thousands, except per share and portfolio data) Q1 2023 Q1 2022 Revenue $ 10,275 $ 8,731 Income from operations $ 1,321 $ 1,365 Net income 754 2,014 2 Adjusted EBITDA $ 1,626 $ 1,606 Net income per share — diluted $ 0.07 $ 0.22 2 Managed Portfolio - # of assets 45 36
  evidence_url: https://www.sec.gov/Archives/edgar/data/1299969/000129996923000018/0001299969-23-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.