Comstock Holding Companies, Inc. CHCI
Comstock is a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region. We have become one of the area's premier real estate services companies by creating extraordinary places, delivering exceptional experiences, and generating excellent results for all stakeholders.
Since 1985, we have acquired, developed, operated, and sold millions of square feet of residential, commercial, and mixed-use properties. Our industry expertise and commitment to excellence enable us to consistently deliver best-in-class services across the diverse assets in our managed portfolio. We specialize in supporting the seamless integration of residential, commercial, and retail offerings into vibrant mixed-use communities, exemplified by Reston Station and Loudoun Station, the two flagship developments that make up our Anchor Portfolio and are among the region's largest and most prominent mixed-use, transit-oriented neighborhoods (see "Our Portfolio" for additional information). We maintain a market-leading position in Northern Virginia's Dulles Corridor, an area that is undergoing an urban transformation driven by the creation of Metro's Silver Line, which connects Loudoun County and Dulles International Airport to Reston, Tysons, Washington, D.C., and suburban Maryland.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $62.9M | $51.3M | $44.7M | $39.3M | $31.1M | $22.5M | $25.3M | $16.4M | $45.4M | — |
| Cost of revenue | $48.1M | $38.6M | $33.0M | $29.4M | $24.6M | $18.4M | — | — | — | — |
| Gross profit | $14.8M | $12.7M | $11.7M | $9.9M | $6.4M | $4.0M | — | -$431.0K | $2.5M | $2.9M |
| SG&A | $2.5M | $2.1M | $2.3M | $1.8M | $1.3M | $1.3M | $1.5M | $830.0K | $5.3M | $5.6M |
| Total operating expenses | $50.9M | $41.0M | $35.6M | $31.4M | $26.0M | $19.8M | — | — | — | — |
| Operating income | $11.9M | $10.3M | $9.2M | $8.0M | $5.1M | $2.7M | $2.3M | $293.0K | -$4.8M | -$6.9M |
| Interest expense | $807.0K | $672.0K | $96.0K | $222.0K | $235.0K | $344.0K | $474.0K | $90.0K | $41.0K | $881.0K |
| Pre-tax income | $12.9M | $10.7M | $8.2M | $7.9M | $4.8M | $2.2M | $2.0M | $345.0K | -$4.7M | -$6.7M |
| Income tax | $4.2M | $3.8M | $368.0K | $125.0K | $11.2M | $25.0K | $2.0K | $1.1M | $38.0K | $55.0K |
| Net income | $17.1M | $14.6M | $7.8M | $7.3M | $13.6M | $2.1M | $893.0K | -$4.4M | -$5.0M | -$9.0M |
| EPS, basic | — | — | 0.81 | 1.05 | 1.66 | 0.26 | 0.13 | -1.22 | -1.21 | -2.81 |
| EPS, diluted | — | — | 0.77 | 0.98 | 1.50 | 0.24 | 0.13 | -1.22 | -1.21 | -2.81 |
| Shares, diluted (wtd. avg.) | 10.5M | 10.3M | 10.1M | 9.6M | 9.1M | 8.5M | 6.8M | 3.8M | 3.4M | 3.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $31.3M | $28.8M | $18.8M | $11.7M | $15.8M | $7.0M | $3.5M | $854.0K | $1.8M | $5.8M |
| Receivables | — | — | — | $504.0K | $46.0K | $62.0K | $1.9M | $973.0K | — | — |
| Total current assets | $53.3M | $36.7M | $24.4M | $15.8M | $20.1M | $12.3M | $9.3M | $12.9M | — | — |
| Property, plant and equipment | $674.0K | $574.0K | $478.0K | $421.0K | $264.0K | $170.0K | $278.0K | $221.0K | $309.0K | $255.0K |
| Goodwill | — | — | — | — | — | $1.7M | $1.7M | $1.7M | $1.7M | — |
| Other intangibles | $144.0K | $144.0K | $144.0K | $144.0K | $100.0K | $36.0K | $103.0K | $170.0K | $237.0K | — |
| Total assets | $85.0M | $64.9M | $49.9M | $42.5M | $43.6M | $28.6M | $19.9M | $35.1M | $51.2M | $59.8M |
| Accounts payable | $847.0K | $781.0K | $838.0K | $742.0K | $783.0K | $854.0K | $1.4M | $1.2M | — | — |
| Short-term debt | — | — | — | — | — | $5.0K | $77.0K | $0 | — | — |
| Total current liabilities | $9.7M | $6.7M | $6.4M | $6.5M | $6.1M | $4.5M | $10.3M | $15.3M | — | — |
| Long-term debt | — | — | — | — | $5.5M | $5.5M | $7.0M | $7.2M | $39.4M | $43.7M |
| Total liabilities | $15.0M | $12.5M | $12.7M | $13.6M | $18.3M | $17.4M | $11.6M | $29.3M | $48.5M | $51.4M |
| Retained earnings | -$130.7M | -$147.8M | -$162.3M | -$170.1M | -$179.5M | -$193.1M | -$195.2M | -$193.5M | -$192.4M | -$184.8M |
| Total equity | $70.0M | $52.4M | $37.2M | $28.9M | $25.3M | $11.2M | $8.4M | $5.8M | $707.0K | $8.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.8M | $10.7M | $9.0M | $8.4M | $8.7M | $3.6M | $8.4M | $12.8M | $4.7M | -$11.8M |
| Depreciation and amortisation | $306.0K | $302.0K | $212.0K | $206.0K | $94.0K | $100.0K | $150.0K | $118.0K | $181.0K | $181.0K |
| Stock-based compensation | $1.1M | $945.0K | $968.0K | $834.0K | $633.0K | $701.0K | $479.0K | $261.0K | $346.0K | $69.0K |
| Capital expenditure | — | — | — | — | — | — | — | $80.0K | $54.0K | $42.0K |
| Investing cash flow | -$1.8M | -$350.0K | -$1.5M | -$2.1M | $1.3M | $1.7M | $145.0K | -$41.0K | -$596.0K | $227.0K |
| Financing cash flow | -$514.0K | -$352.0K | -$390.0K | -$10.1M | -$227.0K | -$282.0K | -$5.9M | -$12.1M | -$8.2M | $4.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-029004.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $45.4M | $16.4M | $25.3M | $22.5M | $31.1M | $39.3M | $44.7M | $51.3M | $62.9M |
| Gross profit | $2.9M | $2.5M | -$431.0K | — | $4.0M | $6.4M | $9.9M | $11.7M | $12.7M | $14.8M |
| Net income | -$9.0M | -$5.0M | -$4.4M | $893.0K | $2.1M | $13.6M | $7.3M | $7.8M | $14.6M | $17.1M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Material agreement signed Item 1.01
- Material agreement signed Item 1.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6500
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| MRP | Millrose Properties, Inc. | $3.96B | 9.8x | — |
| CURB | Curbline Properties Corp. | $3.05B | 78.0x | 51.3% |
| CWK | Cushman & Wakefield Ltd. | $2.78B | 31.1x | 8.9% |
| UE | Urban Edge Properties | $2.44B | 26.1x | 6.1% |
| GTY | GETTY REALTY CORP /MD/ | $1.73B | 20.7x | 9.0% |