How did CHCI's revenue and expenses perform in Q4 2024?
5/7/2025 05:24pm
Comstock Holding Company (CHCI) demonstrated robust performance in Q4 2024, with significant revenue generation and effective cost management across its business segments. Here's a detailed analysis:
1. **Revenue Performance**:
- CHCI's total revenue for Q4 2024 was $31.5 million.
- The company's asset management segment contributed the most with $19.63 million in revenue.
- The property management segment generated $11.61 million, while the parking business segment contributed $8.7 million.
- The smallest segment, also in the parking business, contributed $6.06 million to the total revenue.
2. **Operating Expenses**:
- The operating expenses for Q4 2024 were not provided in the report.
- However, the net income of $10.33 million indicates that the company managed to cover its expenses effectively and generated a profit.
3. **Net Income**:
- CHCI reported a net income of $10.33 million for Q4 2024.
- This figure suggests that the company's revenue exceeded its operating expenses, resulting in a healthy profit margin.
4. **Segment Analysis**:
- The asset management segment was the most revenue-generating, with $31.5 million in revenue.
- The property management and parking business segments also performed well, contributing significantly to the total revenue.
In conclusion, CHCI's Q4 2024 financial performance was strong, with substantial revenue generation and effective cost management resulting in a healthy net income. The company's focus on its core business segments, particularly asset management, has been instrumental in achieving these results.