Comstock Holding Companies (CHCI) Company Report

Comstock Holding Companies, Inc. reported Q3 2025 revenue of $13.3 million, a 3% increase year-over-year, and year-to-date revenue of $38.9 million, a 13% increase, marking the 27th consecutive quarter of YTD revenue growth.
Net income for Q3 2025 was $0.5 million, with diluted earnings per share of $0.05, while year-to-date net income reached $3.6 million.
The company saw strong commercial leasing, with over 500,000 square feet leased year-to-date, including more than 310,000 square feet in new office leases secured post-quarter end for its Reston Station towers, resulting in 1870 Reston Row Plaza being 100% leased.
Investment in ParkX expansion led to the hiring of 139 new employees and the introduction of new service offerings, contributing to a 30% increase in recurring, fee-based revenue.
The JW Marriott Reston Station and JW Marriott Residences Reston Station were delivered, adding to the managed portfolio, which grew by 19 additional assets under management (AUM) compared to the prior year, totaling 91 operating assets.

Nov 13, 2025, 2:22 PM

Comstock Reports Third Quarter 2025 Results

CHCI

Earnings

New Projects/Investments

Hiring

Comstock Holding Companies reported Q3 2025 revenue of $13.3 million, a 3% increase compared to the prior year, and YTD revenue of $38.9 million, up 13%.
Net income for Q3 2025 was $0.5 million and Adjusted EBITDA was $1.1 million, with the latter experiencing a decrease primarily due to significant payroll and onboarding costs for the ParkX subsidiary's expansion.
The company secured over 310,000 square feet in new office leases subsequent to quarter-end, bringing year-to-date commercial leasing to more than 500,000 square feet.
Investment in the ParkX subsidiary included hiring 139 new employees in Q3 2025 to support new service offerings, and the JW Marriott Reston Station and JW Marriott Residences Reston Station were delivered, adding hospitality assets under management and new recurring revenue streams.

Nov 13, 2025, 2:01 PM

Crow Holdings Recapitalizes National Retail Portfolio

CHCI

New Projects/Investments

M&A

Crow Holdings has recapitalized a 194-property, 4.5 million square foot national retail portfolio spanning 30 states.
This transaction introduces a new investment partner to the platform, aiming to expand opportunities in the small-format and convenience-oriented sector within high-growth U.S. markets.
Since 2023, the platform has been valued in excess of $1.8 billion, acquired over $220 million in additional assets, and generated a 41% revenue increase since 2020.
The portfolio is currently 93% leased and focuses on necessity-based retail, which is perceived to have strong real estate fundamentals.