Real estate developer Comstock Holding's Q3 revenue up on portfolio expansion
CHCI•Comstock Holding's third-quarter revenue rose 34% year over year to $17.9 million, while adjusted EBITDA more than doubled to $2.3 million. Net income increased 9% to $588,000, after a $1.0 million unrealized loss on equity investments.
1. Quarterly results
Comstock Holding said third-quarter revenue rose 34% year over year to $17.86 million, driven by growth in its managed portfolio and new contracts that increased recurring fee-based and asset management revenue. Adjusted EBITDA rose 112% to $2.26 million, and net income increased 9% to $588,000, reduced by a $1.0 million unrealized loss on Jericho equity investments.
2. Company outlook
The company expects to deliver record results in 2026 and said it sees opportunities to expand its platform beyond the Washington, D.C., region. Its ParkX subsidiary reported 65% revenue growth in the quarter.
