Comstock Hldg Cos Inc Stock Price, News & Analysis

Comstock (CHCI) has released corrected Q4 and fiscal year 2024 results, showing strong growth across key metrics. Q4 revenue reached $16.9 million, up 54% year-over-year, with recurring fee-based revenue increasing 38%. The company reported Q4 net income of $10.3 million and Adjusted EBITDA of $5.4 million, up 148%.

For fiscal year 2024, revenue grew 15% to $51.3 million, with net income increasing 87% to $14.6 million. The company ended the year with $28.8 million in cash. Their managed portfolio showed robust performance with commercial properties 93% leased and residential properties 96% leased.

The Row at Reston Station development is progressing toward late 2025 delivery, featuring Virginia's first JW Marriott hotel, luxury residential towers, and Trophy office spaces. Notable achievements include an 87,000 square foot lease with Carfax and strong pre-sales for JW Marriott condominiums.

Comstock Holding Companies (Nasdaq: CHCI) has announced a new lease agreement with KPUB for a 6,600-square-foot space at BLVD Ansel in Rockville, Maryland. KPUB will be an Irish-Korean fusion restaurant and bar featuring private karaoke rooms and an energetic nightlife atmosphere.

The establishment, founded by Derek Liu, will offer Korean-inspired cuisine, handcrafted cocktails, and innovative social dining experiences, including the ability for guests to send drinks to other tables. The restaurant will be located at 33 Monroe Street in the Rockville Town Center.

BLVD Ansel is a luxury residential community featuring high-end apartment homes with amenities including a mezzanine pool, penthouse lounge, and convenient access to Rockville Town Center's retail, dining, and Metro facilities.

Comstock Holding Companies (Nasdaq: CHCI) has announced that the Tragedy Assistance Program for Survivors (TAPS) has signed a lease for 10,800 square feet of office space at The Hartford building in Arlington, Virginia.

TAPS, a national non-profit organization providing support to military and veteran family survivors, will utilize the space to expand its services. Since 1994, TAPS has supported over 100,000 surviving family members with peer-based support, grief counseling, and survivor programming at no cost.

The Hartford, located at 3101 Wilson Boulevard, offers convenient access to Metro's Clarendon Station on the Orange and Silver Lines. The property features modern office space, enhanced amenities, and proximity to retail, dining, and key transportation routes.

Comstock Holding Companies (Nasdaq: CHCI) has announced a new 32,000-square-foot office lease with FM Global at 1906 Reston Metro Plaza in Reston Station. FM Global, an international commercial property insurance and loss prevention company operating in over 130 countries, joins other notable tenants at the development including Google, ICF International, and Spotify.

Reston Station is a 90-acre mixed-use development located around the Wiehle-Reston East Station on Metro's Silver Line. The development currently houses over 2,000 residents and features Trophy-Class office buildings. Plans for expansion in the current year include the addition of 500+ new residential units, new dining and entertainment options, and Virginia's first JW Marriott Hotel & Residences.

Comstock Holding Companies (Nasdaq: CHCI) has been recognized among the 2025 Best Workplaces for Commuters for the sixth consecutive year. This national recognition highlights the company's commitment to providing sustainable transportation options and commuter benefits to its workforce.

As a developer and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, Comstock offers employees comprehensive commuter benefits including subsidized transit passes, flexible work arrangements, and convenient access to public transportation at its managed properties. These initiatives align with the company's mission to create vibrant, walkable, and transit-connected communities.

As a Best Workplaces for Commuters Partner, Comstock actively promotes sustainable commuting solutions by encouraging other organizations to participate in the program. The recognition reflects the company's dedication to reducing traffic congestion, lowering emissions, and enhancing the overall commuting experience in the region.

Comstock Holding Companies (Nasdaq: CHCI) has announced a new 4,700-square-foot retail lease with Healthy Baller at Reston Station's Commerce District. The performance and strength training facility will open its fifth location at 11400 Commerce Park Drive in Spring 2025.

The new facility will offer performance training, physical therapy, personal training, and team training services. Reston Station, spanning 90 acres around the Wiehle-Reston East Station on Metro's Silver Line, is one of the mid-Atlantic region's largest mixed-use developments. The development currently hosts over 2,000 residents and serves as headquarters for major companies like Google, ICF International, and Spotify.

The development is set to expand in 2024 with the addition of 500+ new residential units, new dining and entertainment options, and Virginia's first JW Marriott Hotel & Residences.

Comstock Holding Companies (Nasdaq: CHCI) has announced three new retail leases at Loudoun Station, the county's first Metro-connected mixed-use development. The new tenants include Dogtopia (5,600 sq ft), North America's largest dog daycare provider; Curry Pizza House (2,000 sq ft), a fast-casual restaurant offering craft pizza with South Asian flavors; and Hawaii Fluid Art (1,600 sq ft), an art studio providing classes and experiences.

Loudoun Station, located adjacent to Ashburn Station on Metro's Silver Line, currently encompasses over 1 million square feet of residential, office, retail, and entertainment space. The development has plans for an additional 1.5 million square feet of mixed-use development, connecting to both Dulles International Airport and downtown Washington D.C.

Comstock Holding Companies (Nasdaq: CHCI) has announced a significant lease agreement with CARFAX at Reston Station development. CARFAX will occupy approximately 87,000 square feet across 3 floors at 1906 Reston Metro Plaza, with the move expected to complete by the end of 2025.

Reston Station, one of the largest mixed-use developments in the mid-Atlantic region, spans 90 acres around the Wiehle-Reston East Station on Metro's Silver Line. The development currently hosts over 2,000 residents and serves as headquarters for major companies including Google, ICF International, and Spotify. The development is set to expand with over 500 new residential units, new dining and entertainment options, and Virginia's first JW Marriott Hotel & Residences.

Comstock Holding Companies (Nasdaq: CHCI) has secured a new 26,331 square foot lease with Carr Workplaces at The Hartford, located at 3101 Wilson Boulevard in Arlington, Virginia. The flexible workspace provider will open its new location in spring 2025, offering coworking and office space solutions designed for businesses of all sizes. The property's strategic location near Metro's Clarendon Station on the Orange and Silver Lines provides convenient public transit access. The Hartford's amenities and central location make it an attractive choice for D.C. area companies seeking connectivity and flexibility in their workspace options.