CHCI · Comstock Holding Companies, Inc.

Comstock Holding Companies reported strong first quarter 2026 results, with revenue increasing 38% year-over-year to $17.4 million and net income rising 25% to $2.0 million. The growth was driven by significant increases in recurring fee-based revenue from the company's three operating property management subsidiaries and higher asset management fee revenue from the continued expansion of the managed portfolio. Adjusted EBITDA grew 6% to $2.2 million. The managed portfolio expanded to 100 assets, up from 76 a year ago, including 24 additional assets under management. ParkX subsidiary revenue increased 106% versus the prior year, securing 13 new contracts in Q1. The Institutional Venture Platform gained momentum with the Q1 acquisition of The Reed, a 417-unit multifamily property in Rockville, Md. Management highlighted the company's debt-free balance sheet and disciplined focus on strategically located assets. The stabilized commercial portfolio was 93% leased and residential portfolio 94% leased. The company also announced expansion into regional mall management with the assumption of management of Dulles Town Center effective May 1, 2026.