Profile
Sector:
Real EstateIndustry:
DiversifiedCountry:
United StatesIPO:
14 December 2004Website:
http://comstock.comNext earnings report:
08 November 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 20:00:11 GMTDividend
Analysts recommendations
Institutional Ownership
CHCI Latest News
Comstock's (CHCI) Q2 results benefit from a 103% rise in fee-based Property & Parking Management revenue and robust portfolio expansion.
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. operates as a real estate asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region. The company acquires, develops, operates, and sells residential, commercial, and mixed-use properties. It also provides various asset and property management, development and construction management, and other real estate services to its asset-owning clients, which include primarily of institutional real estate investors, high net worth family offices, and 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://comstock.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 was Comstock Holding Companies the previous earnings report?
No data
When does Comstock Holding Companies earnings report?
The next expected earnings date for Comstock Holding Companies is 08 November 2024