Comstock Holding Companies (CHCI) investor relations material

Executive summary

• Revenue for Q1 2026 grew 38% year-over-year to $17.4 million, with net income up 25% to $2.0 million and adjusted EBITDA rising 6% to $2.2 million, driven by portfolio expansion and new service contracts, especially in ParkX management.

• Managed portfolio expanded to 100 assets, with high occupancy rates: 93% commercial and 94% residential.

• ParkX subsidiary achieved 106% revenue growth year-over-year, securing 13 new contracts, including 5 third-party agreements.

• Expanded service offerings to include mall management and food & beverage, assuming operations of Dulles Town Center and entering new verticals.

• Notable real estate transactions included a record-setting $10.25M condominium sale at JW Marriott Residences Reston Station and acquisitions of The Reed and Woodland Pointe.

Financial highlights

• Revenue: $17.4 million in Q1 2026, up from $12.6 million in Q1 2025.

• Net income: $2.0 million, up from $1.6 million year-over-year; diluted EPS: $0.19 vs. $0.15.

• Adjusted EBITDA: $2.2 million, up from $2.1 million.

• Cash and cash equivalents: $19.6 million as of March 31, 2026.

• No debt outstanding; $10 million revolving credit facility remains unused.

Outlook and guidance

• Management expects continued upward trajectory in revenue and adjusted EBITDA, fueled by the Anchor Portfolio, long-term asset management agreements, and new verticals.

• Significant development assets, including BLVD Haley (419 units) and Ebbitt House expansion, are scheduled for delivery in 2026.

• Data Center Platform and Institutional Venture Platform to drive future growth through joint ventures and recurring fee revenue.

• Continued focus on acquiring and developing high-quality, transit-oriented assets in the Washington, D.C. region.