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Comstock Holding Co. Inc - CHCI STOCK NEWS

Welcome to our dedicated news page for Comstock Holding Co. (Ticker: CHCI), a resource for investors and traders seeking the latest updates and insights on Comstock Holding Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Comstock Holding Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Comstock Holding Co.'s position in the market.

News
Comstock Announces Lady Vintner Lease at BLVD Forty Four
Rhea-AI Summary
Comstock Holding Companies, Inc. (Nasdaq: CHCI) announces the opening of the first-ever location of The Lady Vintner, a woman-owned wine bar at BLVD Forty Four in Rockville, Md. The 1,300 square feet space will offer a diverse selection of high-quality wine and beer, complemented by a curated food menu. The Lady Vintner aims to create a welcoming atmosphere for wine lovers, providing excellent customer service and memorable experiences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.74%
Tags
none
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News
Comstock to Host 2024 Run The Greenway at Loudoun Station
Rhea-AI Summary
Comstock Holding Companies, Inc. (CHCI) partners with Dulles Greenway for the 4th annual Run The Greenway race with a Star Wars theme. The event aims to raise funds for local non-profit organizations through various races and activities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.56%
Tags
conferences
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News
Comstock Reports Fourth Quarter and Fiscal Year 2023 Results
Rhea-AI Summary
Comstock Holding Companies, Inc. (Nasdaq: CHCI) reported strong financial results for Q4 2023 and fiscal year 2023, with revenue increasing by 18% to $11.0 million in Q4 and 14% to $44.7 million for the fiscal year. Operating income rose by 22% in Q4 to $1.9 million and 15% for the fiscal year to $9.2 million. Net income saw a significant increase of 43% in Q4 to $1.9 million. Adjusted EBITDA also increased by 17% in Q4 to $2.2 million and 16% for the fiscal year to $10.4 million. The company generated $9.0 million in cash flow from operations and maintained high leased percentages in both Commercial and Residential portfolios. Comstock's Chairman and CEO, Christopher Clemente, highlighted the company's growth and success, emphasizing the continuous increase in quarterly revenue, growth in Adjusted EBITDA, and strong cash generation in 2023. With a debt-free balance sheet and upcoming property deliveries, Comstock is well-positioned for future growth and success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.83%
Tags
earnings
News
Comstock Releases 2023 ESG Report
Rhea-AI Summary
Comstock Holding Companies, Inc. releases their 2023 ESG Report showcasing their commitment to environmental sustainability, social responsibility, and governance practices. The report highlights sustainable development, community engagement, and recognition as one of the best workplaces in the D.C. region.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
none
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News
Comstock Acquires Development Site in Rockville, MD
Rhea-AI Summary
Comstock Holding Companies, Inc. (Nasdaq: CHCI) announced the completion of the acquisition of an 18,150 square foot land parcel located at 41 Maryland Avenue in Rockville, Md. for $1.5 million. The property sits adjacent to luxury residential towers and has existing entitlements for at least 117 dwelling units and approximately 11,000 square feet of retail space. The strategic acquisition aims to further grow revenue and earnings, expanding Comstock's transit-oriented position adjacent to Rockville Metro Station.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.6%
Tags
acquisition
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News
Comstock Reports Third Quarter 2023 Results
Rhea-AI Summary
Comstock Holding Companies, Inc. (Nasdaq: CHCI) reported a 13% increase in recurring fee-based revenue streams, with revenue for Q3 2023 reaching $14.5 million. Net income also rose 27% to $4.7 million, and Adjusted EBITDA increased 35% to $5.6 million. The company continues to strengthen its balance sheet, with YTD revenue up 54% and parking management expansion showing 37% revenue growth vs. the prior year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5%
Tags
earnings
News
Comstock Appoints former JBGS Executive David Paul to Board of Directors
Rhea-AI Summary
Comstock Holding Companies appoints David P. Paul to its Board of Directors
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.65%
Tags
management
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News
Comstock Reports Second Quarter 2023 Results
Rhea-AI Summary
Comstock Holding Companies, Inc. (Nasdaq: CHCI) announced its financial results for the second quarter ended June 30, 2023, with a 6% increase in revenue to $9.0 million, representing the 12th consecutive quarter of YoY growth. YTD revenue increased 12% to $19.2 million, including 25% growth in recurring fee-based revenue streams. Net income was $0.5 million for the quarter and $1.2 million YTD, with over $1.0 million of Adjusted EBITDA generated for the quarter and $2.7 million YTD. The commercial portfolio remains over 90% leased, with in-place rent growth of 6% vs. the prior year. The residential portfolio is now over 95% leased, with in-place rent growth of 7% vs. the prior year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.14%
Tags
earnings
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News
Comstock Reports First Quarter 2023 Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
News
Comstock Reports Fourth Quarter and Fiscal Year 2022 Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
Tags
earnings
Stock CHCI logo
Comstock Holding Co. Inc

Nasdaq:CHCI

CHCI Rankings

#4581 Ranked by Market Cap
#1344 Ranked by Stock Gains
N/A Ranked by Dividends

CHCI Stock Data

61.03M
3.02M
66.29%
6.49%
0.04%
New Single-Family Housing Construction (except For-Sale Builders)
Construction
Link
US
Reston

About CHCI

comstock holding companies, inc. is a multi-faceted real estate development and services company that builds a wide range of housing products under its comstock homes brand through its wholly owned subsidiary, comstock homes of washington, lc, and provides a variety of capital markets advisory and real estate asset related services through its wholly owned subsidiary, comstock real estate services, lc. our track record of developing numerous successful communities in multiple markets throughout the southeastern united states, representing nearly 6,000 homes, together with our substantial experience in building a diverse range of products including apartments, single-family homes, townhouses, mid-rise condominiums, high-rise condominiums and mixed-use (residential and commercial) developments, has positioned comstock as a leading residential developer and homebuilder, with a focus on the washington, d.c. metropolitan area. comstock’s extensive real estate development experience positi