Comstock Inks Four New Leases At The Hartford Building, Virginia
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YTD Revenue growth for 23rd consecutive period as Company prepares for next significant growth phase $13.0 million of revenue; YTD revenue of $34.4 million 154% increase in recurring fee-based Property & Parking Management revenue; YTD up over 100% $1.1 million QTD and YTD increase in supplemental fee revenue related to commercial leases Solid net income/Adjusted EBITDA performance despite impact of scheduled Q3 incentive fee trigger event that was temporarily deferred for seven commercial assets Operating cash flow increase of $3.3 million vs. prior year; $3.9 million generated in Q3 alone 26 additional AUM vs. prior year, primarily driven by rapid ParkX Management expansion
11400 Commerce Park Drive joins list of portfolio properties with significant EPA distinction Comstock Holding Companies, Inc. (NASDAQ:CHCI) ("Comstock"), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced today that 11400 Commerce Park Drive, located in Reason Station's Commerce District, has earned the U.S. Environmental Protection Agency's ("EPA") prestigious ENERGY STAR certification for 2024. The building scored an 88 out of 100 on the EPA's ENERGY STAR scale, highlighting the building's superior energy efficiency. For more than 20 years, the EPA's ENERGY STAR program has identified the most energy-e
Comstock Holding Companies, Inc. (NASDAQ:CHCI) ("Comstock" or the "Company"), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, today announced that longtime board member Socrates ("Soc") Verses has passed away. "We are deeply saddened by the loss of our friend and colleague Socrates Verses, and we extend our deepest condolences to the Verses family," said Christopher Clemente, Chairman and Chief Executive Officer of Comstock. "Soc's steady presence and thoughtful guidance over his tenure on our board were invaluable. We are grateful for his dedicated service and contribution to the Comstock mission. Soc will be de
10-Q - Comstock Holding Companies, Inc. (0001299969) (Filer)
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Celebrate Summer with Free Concerts, Movies, Fitness, and Family Fun Comstock Holding Companies, Inc. (NASDAQ:CHCI) ("Comstock"), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced that the highly anticipated Summerbration concert and event series at Reston Station Metro Plaza will kick off on May 24th and run through September 13th. Summerbration is an annual celebration of everything summer hosted at Comstock's Reston Station that showcases an array of free concerts, movies, family-friendly activities, and wellness events. Reston Station will come alive every Friday evening with the Fab Fridays Live M
Spartan Shield is latest office tenant; Paris Baguette, Relive Health, and Kilwins additions bring building to full retail occupancy Comstock Holding Companies, Inc. (NASDAQ:CHCI) ("Comstock"), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced today the signing of the following four new leases at The Hartford building, located at 3101 Wilson Boulevard in Arlington, Virginia: Spartan Shield – 2,900 square feet (Office) Paris Baguette – 3,400 square feet (Retail) Relive Health – 2,200 square feet (Retail) Kilwins – 1,500 square feet (Retail) The Hartford is a trophy office tower positioned a
Comstock Holding Companies, Inc. (NASDAQ:CHCI) ("Comstock" or the "Company"), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced today that David P. Paul has been appointed to its Board of Directors and will serve an initial term that expires at the Company's 2024 Annual Meeting of Stockholders. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230906582762/en/David P. Paul, Comstock's newest Board member. (Photo: Business Wire) Mr. Paul is a seasoned real estate executive and former President and Chief Operating Officer of JBG SMITH (NYSE:JBGS), a
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YTD Revenue growth for 23rd consecutive period as Company prepares for next significant growth phase $13.0 million of revenue; YTD revenue of $34.4 million 154% increase in recurring fee-based Property & Parking Management revenue; YTD up over 100% $1.1 million QTD and YTD increase in supplemental fee revenue related to commercial leases Solid net income/Adjusted EBITDA performance despite impact of scheduled Q3 incentive fee trigger event that was temporarily deferred for seven commercial assets Operating cash flow increase of $3.3 million vs. prior year; $3.9 million generated in Q3 alone 26 additional AUM vs. prior year, primarily driven by rapid ParkX Management expansion
Asset-light, debt-free business model continues to deliver positive results Revenue increased 20% to $10.8 million; YTD increase of 11% to $21.4 million 103% increase in recurring fee-based Property & Parking Management revenue; YTD increase of 74% 24 additional AUM vs. prior year Net income increased 99% to $0.9 million; YTD increase of 51% to $1.9 million Adjusted EBITDA increased 56% to $1.6 million; YTD increase of 16% to $3.1 million 6 new commercial leases executed in Q2 representing over 60,000 sqft. of office and retail space Residential managed portfolio 97% leased; in-place rent growth of 7% vs. prior year Comstock Holding Companies, Inc. (NASDAQ:CHCI) ("
Significant managed portfolio expansion continues recent growth trajectory Revenue increased 4% to $10.6 million; 15th consecutive period of year-over-year growth 45% increase in recurring fee-based Property & Parking Management revenue 20 additional AUM vs. prior year, including 12 new third-party ParkX contracts Net income of $0.9 million, an increase of 21% vs. prior year; Adjusted EBITDA of $1.5 million 10 commercial leases executed in Q124, including 7 new tenants; Commercial portfolio expansion includes delivery of first trophy-class office tower in The Row at Reston Station, expanding capacity for new leasing activity Residential managed portfolio 96% leased; in-p
Comstock Holding Co (NASDAQ:CHCI) reported quarterly earnings of $0.09 per share. This is a 28.57 percent increase over earnings of $0.07 per share from the same period last year. The company reported $10.60 million in sales this quarter. This is a 3.16 percent increase over sales of $10.28 million the same period last year.
Shares of Nucor Corporation (NYSE:NUE) fell sharply during Tuesday's session after the company reported worse-than-expected quarterly financial results. Nucor reported quarterly earnings of $3.46 per share which missed the analyst consensus estimate of $3.65. Quarterly sales came in at $8.14 billion, missing the analyst consensus estimate of $8.26 billion, according to data from Benzinga Pro. Nucor shares tumbled 6.5% to $179.20 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Cyngn Inc. (NASDAQ:CYN) shares jumped 100% to $0.2419 after the company announced that it has been chosen to supply its DriveMod Tuggers for industrial automation to Joh