Profile
Sector:
Real EstateIndustry:
DiversifiedCountry:
United StatesIPO:
14 December 2004Website:
http://www.comstockcompanies.comNext earnings report:
09 August 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Mon, 01 Jul 2024 20:00:15 GMTDividend
Analysts recommendations
Institutional Ownership
CHCI Latest News
Comstock reported solid results in Q3 2023. As expected, the incentive fee added a large bump to revenue and earnings leading to $0.49 GAAP EPS. Besides the incentive fee, recurring revenue grew 12.6% year-over-year led by 37% revenue growth in parking management revenue. In late December, CHCI announced that it fully acquired a plot of land in Rockville, MD adjacent to residential properties that it partially owns through a JV.
Comstock recently reported Q2 2023 earnings which were a mixed bag. Less lease activity led to less asset management revenue which hurt profitability in the quarter. However, lease rates for their commercial and residential managed assets rose to record levels. This shows that the big picture has not changed.
Comstock provides asset management and real estate services for mixed-use development, residential apartment buildings, and parking developments in the Washington D.C. metropolitan area. Comstock's asset-light model and high ROIC make it a unique way to invest in real estate, with its value based more on cash flows rather than property or land values. I believe an investment in Comstock could offer high returns due to the stock's current low earnings multiple, high revenue growth with high ROIC, and the D.C. area's demographics.
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
What type of business is Comstock Holding Companies?
Comstock Holding Companies, Inc. develops, operates, and manages of mixed-use and transit-oriented properties primarily in the Washington, D.C. metropolitan area. The company operates a portfolio of 34 operating assets, which include 14 commercial assets totaling approximately 2.2 million square feet; 6 multifamily assets totaling 1,636 units; and 14 commercial garages with approximately 11,000 parking spaces. It also has 18 development pipeline assets consisting of approximately 2.0 million square feet of additional planned commercial development; approximately 1,900 multifamily units; and 2 hotel assets. In addition, the company provides real estate development and management services. It primarily serves private and institutional owners; investors in commercial, residential, and mixed-use real estate; and various governmental bodies. The company was formerly known as Comstock Homebuilding Companies, Inc. and changed its name to Comstock Holding Companies, Inc. in June 2012. Comstock Holding Companies, Inc. was founded in 1985 and is headquartered in Reston, Virginia.
What sector is Comstock Holding Companies in?
Comstock Holding Companies is in the Real Estate sector
What industry is Comstock Holding Companies in?
Comstock Holding Companies is in the Diversified industry
What country is Comstock Holding Companies from?
Comstock Holding Companies is headquartered in United States
When did Comstock Holding Companies go public?
Comstock Holding Companies initial public offering (IPO) was on 14 December 2004
What is Comstock Holding Companies website?
https://www.comstockcompanies.com
Is Comstock Holding Companies in the S&P 500?
No, Comstock Holding Companies is not included in the S&P 500 index
Is Comstock Holding Companies in the NASDAQ 100?
No, Comstock Holding Companies is not included in the NASDAQ 100 index
Is Comstock Holding Companies in the Dow Jones?
No, Comstock Holding Companies is not included in the Dow Jones index
When does Comstock Holding Companies report earnings?
The next expected earnings date for Comstock Holding Companies is 09 August 2024