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Comstock Holding Companies, Inc.
CHCICIK 0001299969NasdaqNon-AcceleratedSmaller ReportingReal EstateDelawareFY ends Dec 31
Period
FY 2025
Revenue
$62.86M
Net Income
—
Total Assets
$84.96M
Equity
$69.97M
Shares Out
8.30M
Op. Cash Flow
$4.80M
Business
Comstock Holding Companies, Inc. is an asset manager, developer, and operator of mixed-use, transit-oriented real estate. It offers asset management, property and facility management (including security and concierge), development and construction management, leasing and marketing, acquisition and disposition, design and entitlements, and other property-specific services. Its operations are organized across its in-house commercial and residential property management subsidiaries and ParkX parking and ancillary services, and are anchored by its Anchor Portfolio management agreements. It serves institutional investors, family offices, financial institutions and public entities in the greater Washington, D.C. region, primarily Northern Virginia and suburban Maryland, through long-term fee-based contracts and public-private partnerships.
Summary from filing dated 2025-03-21
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 63 | 51 | 45 | 39 | 31 | |
| Cost of revenue | 48 | 39 | 33 | 29 | 25 | |
| Selling, general, and administrative | 3 | 2 | 2 | 2 | 1 | |
| Depreciation and amortization | 306,000 | 302,000 | 212,000 | 206,000 | 94,000 | |
| Total operating costs and expenses | 51 | 41 | 36 | 31 | 26 | |
| Income (loss) from operations | 12 | 10 | 9 | 8 | 5 | |
| Interest income | 807,000 | 672,000 | 96,000 | −222,000 | −235,000 | |
| Gain (loss) on real estate ventures | −1,000 | −297,000 | −1 | 121,000 | −14,000 | |
| Other income (expense), net | 141,000 | 63,000 | 79,000 | 2,000 | 6,000 | |
| Income (loss) from operations before income tax | 13 | 11 | 8 | 8 | 5 | |
| Provision for (benefit from) income tax | −4 | −4 | 368,000 | 125,000 | −11 | |
| Net income (loss) | 17 | 15 | 8 | 8 | 16 | |
| Basic weighted-average shares outstanding (in shares) | 10 | 10 | 10 | 9 | 8 | |
| Diluted weighted-average shares outstanding (in shares) | 10 | 10 | 10 | 10 | 9 | |
| Basic (in dollars per share) | 1.69 | 1.48 | 0.81 | 1.09 | 1.95 | |
| Diluted (in dollars per share) | 1.63 | 1.41 | 0.77 | 1.02 | 1.76 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2022 2022-05-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 31 | 29 | 19 | 12 | — | |
| Prepaid expenses and other current assets | 2 | 430,000 | 353,000 | 264,000 | — | |
| Total current assets | 53 | 37 | 24 | 16 | — | |
| Fixed assets, net | 674,000 | 574,000 | 478,000 | 421,000 | — | |
| Intangible assets | 144,000 | 144,000 | 144,000 | 144,000 | 100,000 | |
| Leasehold improvements, net | 30,000 | 60,000 | 89,000 | 119,000 | — | |
| Investments in real estate ventures | 6 | 6 | 7 | 7 | — | |
| Operating lease assets | 5 | 6 | 7 | 8 | — | |
| Deferred income taxes, net | 19 | 15 | 11 | 11 | — | |
| Deferred compensation plan assets | 900,000 | 438,000 | 53,000 | 0 | — | |
| Other assets | 102,000 | 60,000 | 37,000 | 15,000 | — | |
| Total assets | 85 | 65 | 50 | 42 | — | |
| Accrued personnel costs | 8 | 5 | 5 | 5 | — | |
| Accounts payable and accrued liabilities | 847,000 | 781,000 | 838,000 | 742,000 | — | |
| Current operating lease liabilities | 994,000 | 922,000 | 854,000 | 791,000 | — | |
| Total current liabilities | 10 | 7 | 6 | 6 | — | |
| Deferred compensation plan liabilities | 960,000 | 492,000 | 77,000 | 0 | — | |
| Operating lease liabilities | 4 | 5 | 6 | 7 | — | |
| Total liabilities | 15 | 12 | 13 | 14 | — | |
| Commitments and contingencies (Note 6) | — | — | — | — | — | |
| Additional paid-in capital | 203 | 203 | 202 | 202 | — | |
| Treasury stock, at cost (86 shares of Class A common stock) | −3 | −3 | −3 | −3 | — | |
| Accumulated deficit | −131 | −148 | −162 | −170 | — | |
| Total stockholders' equity | 70 | 52 | 37 | 29 | — | |
| Total liabilities and stockholders' equity | 85 | 65 | 50 | 42 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 306,000 | 302,000 | 212,000 | 206,000 | 94,000 | |
| Stock-based compensation | 1 | 945,000 | 968,000 | 834,000 | 633,000 | |
| (Gain) loss on real estate ventures | 1,000 | 297,000 | 1 | −121,000 | 14,000 | |
| Distributions from real estate ventures | 0 | 82,000 | 44,000 | 162,000 | 0 | |
| Deferred income taxes | −4 | −4 | 470,000 | −55,000 | −11 | |
| Accrued interest income | −67,000 | −70,000 | −48,000 | 0 | — | |
| (Gain) loss on disposal of fixed assets | 4,000 | 0 | 9,000 | 0 | — | |
| Deferred compensation plan assets | 20,000 | 3,000 | 1,000 | 0 | — | |
| Accounts receivable | −12 | −2 | −1 | −2 | 2 | |
| Prepaid expenses and other current assets | −272,000 | −7,000 | −41,000 | −67,000 | −11,000 | |
| Accrued personnel costs | 3 | 271,000 | −278,000 | 1 | 1 | |
| Accounts payable and accrued liabilities | 67,000 | −57,000 | 26,000 | −41,000 | −41,000 | |
| Deferred compensation plan liabilities | 352,000 | 455,000 | 75,000 | 0 | — | |
| Other assets and liabilities | −8,000 | 20,000 | 44,000 | 192,000 | 239,000 | |
| Net cash provided by (used in) operating activities | 5 | 11 | 9 | — | 9 | |
| Investments in real estate ventures | −57,000 | −140,000 | −2 | −3 | −2 | |
| Distributions from real estate ventures | 289,000 | 586,000 | 335,000 | 220,000 | 4 | |
| Capitalized expenses for real estate ventures | −1 | 0 | — | — | — | |
| Purchase of deferred compensation plan securities | −477,000 | −428,000 | −52,000 | 0 | — | |
| Proceeds from sales of deferred compensation plan securities | 112,000 | 0 | — | — | — | |
| Purchase of fixed assets | −380,000 | −368,000 | −247,000 | −626,000 | −188,000 | |
| Net cash provided by (used in) investing activities | −2 | −350,000 | −2 | — | 1 | |
| Proceeds from issuance of common stock related to equity awards | 112,000 | 226,000 | 0 | — | — | |
| Payment of taxes related to the net share settlement of equity awards | −626,000 | −578,000 | −390,000 | −568,000 | −222,000 | |
| Net cash provided by (used in) financing activities | −514,000 | −352,000 | −390,000 | — | −227,000 | |
| Net increase (decrease) in cash and cash equivalents | 3 | 10 | 7 | — | — | |
| Interest | −809,000 | −602,000 | −48,000 | 222,000 | — | |
| Income taxes | 0 | 3,000 | 26,000 | 92,000 | 8,000 |
Filings
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