Comstock Q1 revenue up 38% to $17.4M; net income up 25% to $2.0M

Comstock Holding Companies, Inc.

Q1 revenue $17.4M (+38% YoY), net income $2.0M (+25%), diluted EPS $0.19 vs $0.15.
Adjusted EBITDA $2.2M (+6%); managed portfolio grew to 100 assets (from 76).
ParkX revenue up 106% YoY; 13 new contracts in Q1 (5 third-party).
IVP acquired The Reed (417-unit multifamily) and Woodland Pointe (office complex) in Q1/early Q2.
Commercial portfolio 93% leased, residential 94%; record $10.25M condo sale at JW Marriott Reston.

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