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0.0624999999999999 0.0624999999999999 0.0624999999999999 0.125 0.03125 0.03125 0.38125 2.04375
Stock impact report

Comstock Holding Companies Reports 2019 Results

Comstock Holding Companies, Inc. - Class A (CHCI) 
US:NASDAQ Investor Relations: ir.comstockhomes.com
Company Research Source: GlobeNewswire
WASHINGTON and RESTON, Va., April 15, 2020 (GLOBE NEWSWIRE) -- On April 15, 2020, Comstock Holding Companies, Inc., (NASDAQ: CHCI) (the “Company”), announced financial results for the year ended December 31, 2019: Highlights of 2019 year-end financial results: Total revenue increased by 54% to $25.3 million in 2019, as compared to $16.4 million in 2018.Revenue from asset management operations increased by 46% to $19.6 million, as compared to $13.4 million in 2018.Revenue from real estate services increased by 88% to $5.7 million in 2018, as compared to $3.0 million in the prior year.Operating income increased by 676% to $2.3 million in 2019, as compared to $0.3 million in 2018.Net income of $0.9 million in 2019 was also significantly improved as compared to a loss of $4.4 million in 2018. Highlights of Commercial Real Estate Asset Management Business Platform: 2019 Modified Asset Management Agreement covering portfolio of privately held  commercial real estate assets controlled Show less Read more
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