Comstock Q2 revenue rises 74% on portfolio expansion

Comstock Holding Companies

13/08/2026 14:10

Overview
US real estate developer's Q2 revenue rose 74% yr/yr, net income up 512%
Adjusted EBITDA for Q2 increased 231% yr/yr, driven by managed portfolio expansion
Quarter included $4.3 mln gain from Jericho Energy Ventures equity investments

Outlook
Company did not provide specific guidance for future quarters or the full year

Result Drivers
PORTFOLIO EXPANSION - Co said recurring fee-based revenue rose due to growth in managed portfolio and new management contracts
EQUITY INVESTMENT GAINS - Net income included $4.3 mln unrealized gain on Jericho Energy Ventures equity investments
FEE REVENUE INCREASE - Higher asset management, leasing, and acquisition fees contributed to profit growth

Company press release: ID:nBw1FlHmPa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$22.58 mln
 
Q2 EPS
 
$0.84
 
Q2 Net Income
 
$8.85 mln
 
Q2 Adjusted EBITDA
 
$7.36 mln
 

Reuters Recommended Reads
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Aug 10 - Simon Property raises annual funds from operations, net income forecasts on rising rent
Aug 11 - Cardinal Infrastructure Q2 revenue jumps 114% on organic and acquisition growth, raises 2026 sales guidance

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)