Comstock Q3 Earnings Decline Y/Y on Deferred Fees Headwind

For the third quarter of 2024, Comstock Holding Companies, Inc. (CHCI) reported earnings per share (EPS) of 23 cents, a decrease from 46 cents in the prior-year quarter.The company’s quarterly revenues were $13 million, down from $14.5 million in the third quarter of 2023. Comstock’s third-quarter 2024 performance was characterized by strong recurring revenue growth in property and parking management, which was offset by deferred incentive fees that impacted overall revenue. The company's revenue decrease s ...