secwatch.observer — SEC 8-K summary
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Issuer:     Comstock Holding Companies, Inc. (CHCI)
CIK:        0001299969
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001299969-24-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comstock Q3 net income $2.38M (-49% YoY); Adjusted EBITDA $3.13M (-44%); revenue $12.99M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1299969/000129996924000032/0001299969-24-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1299969/000129996924000032/chci-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001299969-24-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer