EX-99.1 2 q326earningsreleasefinal.htm EX-99.1 Comstock Reports Third Quarter 2026 Results Adjusted EBITDA more than doubles year-over-year on 34% revenue growth as CHCI’s platform continues to scale, with sector and geographic diversification advancing Q3 2026 • Revenue increased 34% over Q3-25 to $17.9 million; YTD Revenue increased 49% to $57.9 million • Net income increased 9% over Q3-25 to $0.6 million; YTD Revenue increased 219% to $11.4 million ◦ Q3 net income includes Q3 valuation impact of $1.0 million unrealized loss on Jericho (JEV) equity investments, partially reversing a significant gain in Q2; YTD gain remains up $3.7 million • Adjusted EBITDA increased 112% over Q3-25 to $2.3 million; YTD Adjusted EBITDA increased 121% to $11.8 million Managed Portfolio • 24 additional managed assets vs. prior year; 115 in total, including 12 new contracts secured by ParkX subsidiary in Q3 • Stabilized Commercial and Residential portfolios continue to perform, both remain more than 90% leased ◦ Reston Station’s five Trophy-class office towers are 98% leased/reserved; interior build-outs underway for Booz Allen Hamilton’s 300,000+ square-foot HQ and other significant tenants ◦ Recently delivered 419-unit BLVD Haley at Reston Station 50% leased at period end Real Estate Venture Platforms • Institutional Venture Platform (IVP) continues progress ◦ Secured purchase agreement for IVP acquisition of The Ascher, a 672-unit value-add multifamily property in Charlotte, North Carolina ◦ Secured development approval for 147-unit LITEC multifamily development in Rockville, Md. • Data Center Platform (DCP) ◦ Oklahoma JV secured 1,000 acres of surface development rights in Q3 and now holds ~7,000 acres in total ◦ Development plans have commenced for first of several large-scale data center campuses RESTON, Va. — November 5, 2026 — Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock” or the “Company”) today announced financial results for the third quarter ended September 30, 2026. “Our third quarter results demonstrate the strength and scalability of Comstock’s business model,” said Christopher Clemente, Comstock’s Chairman and Chief Executive Officer. “We achieved double digit revenue growth for the 8th consecutive quarter, Adjusted EBITDA that is more than double the comparative prior year periods, and are well on track to deliver record results in 2026.” Key Performance Metrics ($ in thousands, except per share and portfolio data) Q3 2026 Q3 2025 YTD 2026 YTD 2025 Revenue $ 17,857 $ 13,317 $ 57,884 $ 38,928 Net income $ 588 $ 541 $ 11,422 $ 3,576 Adjusted EBITDA 2,259 1,066 11,785 5,338 Net income per share — diluted $ 0.06 $ 0.05 $ 1.05 $ 0.34 Managed Portfolio - # of assets 115 91 115 91 Please see the included financial tables for a reconciliation of Adjusted EBITDA to the most directly comparable GAAP financial measure. 1 Exhibit 99.1 Mr. Clemente continued, “Equally important, we are building a stronger, more diversified company. With the continued growth of our operating subsidiaries, expanding relationships with third-party asset owners, and opportunities to extend our integrated platform beyond the Washington, D.C. region, we are well positioned for sustained growth and long-term value creation.” The Company will post an updated Investor Presentation to the “Events and Presentations” section of its Investor Relations website on November 5, 2026. Additional Information • Stabilized Commercial portfolio is 92% leased; 12 commercial leases executed in Q3 covering ~62,000 sqft. of office and retail spaces; 27 executed YTD covering ~502,000 sqft. • Stabilized Residential portfolio is 91% leased; 699 units leased YTD. • ParkX subsidiary revenue up 65% vs. prior year; 84% revenue increase YTD. • JW Marriott Residences Reston Station sales continue to outperform all other condo sales in the Reston sub- market. • Development updates on The Row at Reston Station: ◦ JW Marriott Reston Station Hotel conference center expansion to deliver in Q4. ◦ Ebbitt House, the first-ever expansion of D.C.’s iconic Old Ebbitt Grill officially scheduled to open in November 2026. Cautionary Statement Regarding Forward-Looking Statements This release may include "forward-looking" statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by use of words such as "anticipate," "believe," "estimate," "may," "intend," "expect," "will," "should," "seeks" or other similar expressions. Forward-looking statements are based largely on our expectations and involve inherent risks and uncertainties, many of which are beyond our control. You should not place any undue reliance on any forward-looking statement, which speaks only as of the date made. Any number of important factors could cause actual results to differ materially from those projected or suggested by the forward-looking statements. Comstock specifically disclaims any obli
