Comstock Q2 revenue up 6% to $9.0M; net income $0.5M; leasing occupancy improves

Comstock Holding Companies, Inc.

2023-Q2 EPS reported $0.12 revenue$19,242,000

Revenue $9.0M (+6% YoY); YTD $19.2M (+12%); 12th consecutive quarter of YoY top-line growth.
Net income $0.5M (down from $0.7M in Q2 2022); diluted EPS $0.05 vs $0.30 prior (prior benefited from preferred redemption and tax benefit).
Adjusted EBITDA $1.0M (Q2); YTD $2.7M; recurring fee-based revenue streams grew 25% YTD.
Commercial portfolio 91% leased (up from 85%), residential 97% leased (up from 89%); in-place rent growth 6% and 7% YoY.
Managed portfolio expanded to 45 assets (36 a year ago); new lease signed at Reston Station.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Comstock Holding Companies, Inc. reported the quarter ended June 30, 2023 results: revenue $8,967, net income 475, EPS $ 0.05.

Period: the quarter ended June 30, 2023
Revenue: $8,967
Net income: 475
EPS: $ 0.05
Result: reported results

Exact text from the filing

services and experiences for our customers.” Key Performance Metrics1 ($ in thousands, except per share and portfolio data) Q2 2023 Q2 2022 YTD 2023 YTD 2022 Revenue $ 8,967 $ 8,467 $ 19,242 $ 17,198 Income from operations $ 643 $ 1,117 $ 1,964 $ 2,482 Net income 475 714 1,229 2,728 3 Adjusted EBITDA $ 1,027 $ 1,388 $ 2,653 $ 2,994

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Source: SEC EDGAR

accession 0001299969-23-000026

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