Comstock Q3 net income up 27% to $4.7M; revenue hits $14.5M, 13th consecutive quarterly rise

Comstock Holding Companies, Inc.

2023-Q3 EPS reported $0.59 revenue$33,705,000

Revenue of $14.5M (+13% YoY); YTD revenue $33.7M (+12% vs prior year).
Net income $4.7M, up 27% YoY; diluted EPS $0.46 vs $0.37 in Q3 2022.
Adjusted EBITDA rose 35% to $5.6M; YTD adjusted EBITDA $8.3M (+16% vs prior year).
Managed commercial portfolio 92% leased (up from 87%) and residential 97% (up from 88%), both over 90%.
Parking management revenue grew 37% YoY in Q3; added former JBG Smith executive David Paul to Board.

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 0.9

Comstock Holding Companies, Inc. reported the third quarter ended September 30, 2023 results: revenue $14,463, net income $4,685.

Period: the third quarter ended September 30, 2023
Revenue: $14,463
Net income: $4,685
Result: reported results

Exact text from the filing

ds as we strive to maximize value for our shareholders.” Key Performance Metrics1 ($ in thousands, except per share and portfolio data) Q3 2023 Q3 2022 YTD 2023 YTD 2022 Revenue $ 14,463 $ 12,813 $ 33,705 $ 30,011 Income from operations $ 5,257 $ 3,875 $ 7,221 $ 6,357 Net income 4,685 3,689 5,914 6,417 3 Adjusted EBITDA $ 5,605 $ 4,143 $ 8,258 $ 7,137

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Source: SEC EDGAR

accession 0001299969-23-000032

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