Comstock Holding reports Q2 EPS 14c vs. 9c last year

Reports Q2 revenue $12.97M vs. $10.75M last year. The company said, “The strength of our business model is characterized by the upward trajectory of our top and bottom lines and underpinned by its low-risk, high reward philosophy. With zero debt and a pristine balance sheet, we were able to generate over $2 million of operating cash in Q2 alone. This success was directly fueled by the growing fee-based revenue streams that we earn from our long-term asset and property management agreements, providing us with a stable foundation for growth and clear visibility into our future earnings potential.. The high quality assets we manage continue to be amongst the most sought-after in the D.C. region, supported by our hard-working team of professionals that show up every day and are frequently recognized as best-in-class. The second half will see the official delivery of The Row at Reston Station – a remarkable project that is a significant development milestone for Comstock and will make what is already one of Virginia’s premier destinations even better.”