Mon, May 12, 1:25 PM (32 days ago)
**Comstock Holding Companies, Inc. (CHCI) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $12,639,000 (up 18.8% from $10,638,000 in Q1 2024). - **Net Income:** $1,589,000 (up 74.6% from $910,000 in Q1 2024). - **Operating Income:** $1,737,000 (up 51.0% from $1,150,000 in Q1 2024). - **Earnings per Share (EPS):** $0.16 (basic) and $0.15 (diluted), up from $0.09 (basic and diluted) in Q1 2024. **Profit Margins:** - **Operating Margin:** Approximately 13.7% (up from 10.8% in Q1 2024). - **Net Margin:** Approximately 12.6% (up from 8.6% in Q1 2024). **Cash Flow:** - **Operating Cash Flow:** $582,000 (a significant improvement from -$2,241,000 in Q1 2024). - **Investing Cash Flow:** -$515,000 (down from $119,000 in Q1 2024). - **Financing Cash Flow:** -$531,000 (down slightly from -$444,000 in Q1 2024). **Key Performance Metrics:** - **Revenue Growth:** Driven by increases in asset management, property management, and parking management revenues. - **Operating Costs:** Increased by 14.9% due to higher personnel expenses. - **Other Income:** Improved due to better valuations of equity method investments in real estate ventures. **Trends and Uncertainties:** - **Revenue Growth:** Positive trends in recurring fee-based revenue from property and parking management. - **Operating Costs:** Increased due to higher personnel expenses, which may continue as the company expands. - **Market Risks:** The company is subject to market risks typical of the real estate industry, including economic downturns and changes in real estate values. **Future Operations Impact:** - **Growth Opportunities:** The company plans to continue expanding its managed portfolio, pursuing strategic investments, and exploring growth opportunities. - **Liquidity:** The company has $28,297,000 in cash and cash equivalents and a $10,000,000 credit facility, providing adequate liquidity for current operations. - **Capital Expenditures:** The company will continue to invest in its managed portfolio and pursue strategic acquisitions. **Conclusion:** Comstock Holding Companies, Inc. (CHCI) demonstrated strong financial performance in Q1 2025, with significant revenue and net income growth. The company's asset-light and debt-free business model, combined with its strategic focus on high-quality real estate assets, positions it well for continued growth and value creation. However, the company must manage increasing operating costs and market risks to sustain its positive trajectory.