earnings
confidence high
sentiment positive
materiality 0.70
Comstock Q1 revenue up 19% to $12.6M; net income +75% to $1.6M
Comstock Holding Companies, Inc.
- Net income $1.6M ($0.15 diluted EPS) vs $0.9M ($0.09) YoY; adjusted EBITDA $2.05M (+38%).
- Recurring fee-based revenue grew 20%; ParkX subsidiary revenue increased 56% on AUM expansion.
- Commercial portfolio leased 93%; residential 96% with average rents up 4% YoY.
- Managed portfolio now 76 assets (65 prior year); 143 residential units leased YTD.
- The Row at Reston Station on track for Fall 2025 deliveries; $70M condo pre-sales secured.