Comstock Holding Companies, Inc. (CHCI) reported a significant increase in its second-quarter 2025 earnings, with earnings per share growing to 14 cents from 9 cents year-over-year. The company’s revenues rose 21% to $13 million, leading to a net income increase of 53% to $1.4 million. These results contributed to a 10.9% stock price increase following the earnings announcement, outperforming the S&P 500’s 0.5% growth.
Recurring revenue from property management surged by 42%, driven in part by a 124% increase in revenue from the ParkX parking management business, which reported a 55% year-over-year gain. The company’s managed portfolio expanded from 69 to 82 assets, with residential and commercial portfolios demonstrating strong leasing rates of 97% and 93%, respectively.
Looking ahead, Comstock plans to launch Phase II of its Reston Station project in late 2025, featuring luxury condos and office spaces, with strong early interest in pre-sales estimated at approximately $78 million. Management emphasized the continued success of its strategic plan, indicated by a robust $2 million in operating cash generated during the quarter.
