Welcome to our dedicated page for Comstock Hldg Cos news (Ticker: CHCI), a resource for investors and traders seeking the latest updates and insights on Comstock Hldg Cos stock.
Comstock Holding Companies, Inc. (Nasdaq: CHCI) is an asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region. The CHCI news feed on Stock Titan aggregates company-issued press releases and other coverage that illustrate how Comstock’s business evolves across its managed portfolio of office, residential, retail, hospitality, and parking assets.
Readers can follow announcements about leasing activity at major developments such as Reston Station, The Row at Reston Station, Loudoun Station, and other transit-oriented communities. Recent news has highlighted office leases in Trophy-class towers, retail and wellness tenants opening at mixed-use properties, and hospitality milestones such as the opening of JW Marriott Reston Station. These items provide insight into occupancy trends, tenant mix, and the activation of Comstock’s mixed-use environments.
Comstock’s news flow also includes quarterly earnings releases that discuss revenue, net income, Adjusted EBITDA, recurring fee-based revenue from property management subsidiaries, and contributions from its ParkX parking management subsidiary. Investors can see how new leases, property deliveries, and service expansions—such as ParkX’s porter and janitorial offerings—relate to reported financial performance and portfolio growth.
In addition, the CHCI news page features updates on investment and acquisition activity, including purchase agreements for multifamily properties intended to be acquired under Comstock’s Institutional Venture Platform. These stories help explain how the company seeks to expand its managed portfolio in partnership with institutional investors. By reviewing this news feed, users can track key developments affecting Comstock’s mixed-use, transit-oriented assets and better understand the context behind the company’s financial and strategic disclosures.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Comstock Holdings Companies reported impressive financial results for Q4 and FY 2022, showcasing a 20% increase in revenue to $9.3 million and 26% growth for the year at $39.3 million. Operating income surged 61% in Q4 to $1.6 million, while FY operating income rose 57% to $8 million. Net income increased 39% in Q4 to $1.3 million, but FY 2022 net income was $7.7 million, down from $16 million in 2021 due to a prior-year tax benefit. Adjusted EBITDA jumped 58% in Q4 to $1.9 million and 55% YTD to $9 million. The company emphasized strong performance amid economic uncertainty, enhanced by debt elimination and a growing managed portfolio.
Comstock Holding Companies (NASDAQ: CHCI) announced the 3rd annual Run The Greenway to be held on May 6, 2023, at Loudoun Station, Virginia. This event features 5K, 10K, and Kids Fun races, with virtual participation options available. In 2022, over 1,700 runners raised more than $220,000 for local charities. The race aims to enhance accessibility for participants via the Silver Line Metro. Comstock's engagement in such community initiatives underscores its commitment to supporting local non-profits aligned with its values.
Comstock Holding Companies (NASDAQ: CHCI) has secured two significant 10-year leases totaling approximately 75,000 square feet in the Commerce District of Reston Station. CACI International is set to occupy a new 41,000 square foot space, while the Applied Research Laboratory at Penn State will relocate to 34,560 square feet. This move aligns with Comstock's strategy to introduce 1.3 million square feet of new office space to Reston and transform the area into a mixed-use, transit-oriented development. Comstock's COO expressed excitement over the expansion of CACI and ARL within the district.
Comstock Holding Companies, Inc. (NASDAQ: CHCI) has appointed Thomas J. Holly to its Board of Directors, with his term set to last until the 2025 Annual Meeting of Stockholders. Holly, a retired partner from Pricewaterhouse Coopers, brings over 30 years of experience in public accounting, particularly in real estate and asset management. His expertise in capital markets and commercial real estate financing is expected to benefit Comstock’s strategic growth. Chris Clemente, CEO, expressed enthusiasm about Holly's appointment, highlighting the value of his extensive background in relevant sectors.
FAQ
What is the current stock price of Comstock Hldg Cos (CHCI)?
What is the market cap of Comstock Hldg Cos (CHCI)?
