earnings
confidence high
sentiment negative
materiality 0.70
Comstock Q3 net income $2.38M (-49% YoY); Adjusted EBITDA $3.13M (-44%); revenue $12.99M
Comstock Holding Companies, Inc.
- Revenue $12.995M, down 10% YoY; YTD revenue $34.4M, up 2% from $33.7M.
- Net income $2.38M ($0.23 diluted EPS) vs $4.69M ($0.46) in Q3 2023.
- Adjusted EBITDA $3.13M vs $5.61M; decline mainly due to deferred incentive fees on 7 commercial assets.
- Managed portfolio grew to 72 assets (from 46); operating cash flow of $3.9M in Q3.
- ParkX Management revenue up 75% QTD; The Row $1.5B development deliveries expected H2 2025.