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Stock impact report

Comstock Reports Third Quarter 2024 Results

Comstock Holding Companies, Inc. - Class A (CHCI) 
US:NASDAQ Investor Relations: ir.comstockhomes.com
Company Research Source: Business Wire
YTD Revenue growth for 23rd consecutive period as Company prepares for next significant growth phase$13.0 million of revenue; YTD revenue of $34.4 million154% increase in recurring fee-based Property & Parking Management revenue; YTD up over 100%$1.1 million QTD and YTD increase in supplemental fee revenue related to commercial leasesSolid net income/Adjusted EBITDA performance despite impact of scheduled Q3 incentive fee trigger event that was temporarily deferred for seven commercial assetsOperating cash flow increase of $3.3 million vs. prior year; $3.9 million generated in Q3 alone26 additional AUM vs. prior year, primarily driven by rapid ParkX Management expansion4 new commercial leases executed in Q3, representing 39,000 sqft. of office and retail spacesResidential managed portfolio 95% leased; in-place rent growth of 5% vs. prior year RESTON, Va.--(BUSINESS WIRE)--Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock” or the “Company”), a leading asset manager, develop Show less Read more
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