Comstock Homebuilding ( (CHCI) ) has released its Q3 earnings. Here is a breakdown of the information Comstock Homebuilding presented to its investors.
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Comstock Holding Companies, Inc. is a prominent asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, known for its strategic developments at key Metro stations.
In its third-quarter 2025 earnings report, Comstock reported a revenue increase of 3% to $13.3 million, with a year-to-date growth of 13% to $38.9 million. The company highlighted its continued focus on sustainable growth through diversified revenue streams and significant commercial leasing activities.
Key financial metrics include a 30% increase in recurring, fee-based revenue from property management subsidiaries and a notable 96% rise in third-party revenue from its ParkX subsidiary. Comstock’s net income for the quarter was $0.5 million, with an adjusted EBITDA of $1.1 million. The company also expanded its ParkX services, adding new contracts and increasing its workforce to support these offerings.
Comstock’s strategic initiatives included securing multiple new office leases post-quarter end, contributing to over 500,000 square feet of commercial leasing year-to-date. The delivery of significant assets like the JW Marriott Reston Station has further enhanced its fee-based revenue streams.
Looking ahead, Comstock remains committed to its growth strategy, leveraging its high-quality property developments and expanding service offerings to drive future revenue and earnings growth.