Comstock Q3 revenue up 3% to $13.3M; net income drops to $0.5M on ParkX expansion costs

Comstock Holding Companies, Inc.

Revenue $13.3M (+3% YoY); net income $0.5M ($0.05 diluted EPS) vs $2.4M ($0.23) in Q3 2024.
Adjusted EBITDA $1.1M vs $3.1M in Q3 2024; decline driven by ParkX expansion costs (139 new hires).
ParkX revenue up 59% YoY; 7 new third-party contracts in Q3; commercial portfolio 93% leased.
Post-quarter office leases at Reston Station total >310k sqft, bringing YTD to >500k sqft.
JW Marriott Reston Station and Residences delivered; condo sales $90M to date; new fee-based revenue streams.

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