Business
Comstock Reports First Quarter 2026 Results
Revenue growth of 38% highlights strong first quarter for CHCI Q1 2026 Revenue increased 38% to $17.4 million Net income increased 25% to $2.0 million
About this update from Comstock Holding Companies, Inc.
[{"type":"text","content":"\nRevenue growth of 38% highlights strong first quarter for CHCI\n\n\nQ1 2026\n\n\n\nRevenue increased 38% to $17.4 million\n\n\n\nNet income increased 25% to $2.0 million\n\n\n\nAdjusted EBITDA increased 6% to $2.2 million\n\n\n\nManaged Portfolio\n\n\n\n24 additional AUM vs. prior year\n\n\nParkX secured 13 new contracts in Q1 and announced entry into food & beverage management\n\n\n\n\n\n\nCommercial and Residential stabilized assets remain well above 90% leased\n\n\n\nJW Marriott Residences Reston Station shatters Virginia record for most valuable condo sale ($10.25M)\n\n\n\nReal Estate Venture Platforms\n\n\n\nInstitutional Venture Platform (“IVP”) gains momentum\n\n\nQ1 acquisition of The Reed, a stabilized, transit-oriented 417-unit multifamily asset in Rockville, Md.\n\n\n\nEarly Q2 acquisition of Woodland Pointe, a fully-leased office complex in Herndon, Va.\n\n\nIncludes existing 185k sqft. office building and adds second “build-to-suit” office building into development pipeline\n\n\n\n\n\n\n\n\n\n \n\n\n RESTON, Va.--(BUSINESS WIRE)--\nComstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock” or the “Company”) today announced financial results for the first quarter ended March 31, 2026.\n\n\n“Our Q1 results included a 38% increase in revenue and a 25% increase in net income — the direct result of our disciplined focus on the development and acquisition of strategically located, high-quality, in-demand assets positioned to outperform broader industry trends,” said Christopher Clemente, Comstock’s Chairman and Chief Executive Officer. “The significant expansion of our assets under management has generated diversified, recurring fee-based revenue streams that create a strong foundation for consistent growth. Our streamlined, debt-free balance sheet enables us to execute on strategic, low-risk investment opportunities that will further drive revenue growth and produce above average returns on invested capital.”\n\n\n\n\nKey Performance Metrics\n\n\n\n\n\n\n\n\n\n\n\n($ in thousands, except per share and portfolio data)\n\n\n\n\n\n\nQ1 2026\n\n\n\n\n\n\n \n\n\n\n\n\n\nQ1 2025\n\n\n\n\n\n\n \n\n\n\n\n\n\nYTD 2026\n\n\n\n\n\n\n \n\n\n\n\n\n\nYTD 2025\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n$\n\n\n\n\n\n\n17,446\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n12,639\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n17,446\n\n\n\n\n\n\n \...