Comstock Holding reports Q1 EPS 19c vs. 15c last year

Reports Q1 revenue $17.4M vs. $12.6M last year. “Our Q1 results included a 38% increase in revenue and a 25% increase in net income – the direct result of our disciplined focus on the development and acquisition of strategically located, high-quality, in-demand assets positioned to outperform broader industry trends,” said Christopher Clemente, Comstock’s Chairman and Chief Executive Officer. “The significant expansion of our assets under management has generated diversified, recurring fee-based revenue streams that create a strong foundation for consistent growth. Our streamlined, debt-free balance sheet enables us to execute on strategic, low-risk investment opportunities that will further drive revenue growth and produce above average returns on invested capital.”