Comstock Holding Companies, Inc. (CHCI) Stock

Comstock Holding Companies, Inc. (CHCI) is a Real Estate stock trading at $17.58 (as of 2026-08-24), with a market capitalization of $186.12M and a trailing P/E of 13.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Comstock Holding Companies, Inc. develops, operates, and manages mixed-use and transit-oriented properties, with a portfolio that includes commercial assets, multifamily residences, and commercial parking garages, along with development pipeline projects. It also provides real estate development and management services for private and institutional owners, investors, and governmental bodies, primarily in the Washington, D.C. metropolitan area.

Understand Comstock Holding Companies, Inc.: how it makes money

Comstock Holding Companies develops, operates, and manages mixed-use and transit-oriented properties in the Washington, D.C. metro area, earning income from operating leased commercial and multifamily assets and parking assets managed through its ParkX platform.

The profit model is driven by keeping the managed commercial and residential portfolios highly leased (stabilized and overall leased percentages), while growth is driven by executing new commercial leases and adding ParkX parking management contracts, including with third-party owners.

Business quality (Solid): Strong visibility into operating activity (lease execution and leased percentages), but the provided dataset does not include a usable official segment revenue breakdown or detailed revenue composition.

Valuation: At 9× earnings, CHCI trades 74% below the Real Estate average (34×). Note: one-time items can distort reported P/E.

Bull case

High leasing of core stabilized commercial assets: The managed commercial portfolio leased percentage (stabilized assets) is 93%, indicating most stabilized commercial space is leased.
High leasing of managed residential portfolio: The leased percentage of the managed residential portfolio is 96%, suggesting strong residential occupancy within the managed portfolio.
ParkX contract expansion, including third-party ownership: ParkX new contracts are 15, with 12 of those with third-party owners, indicating the parking model can expand beyond wholly owned assets.

Bear case

Leasing execution must remain strong: Commercial leases executed are 9 and new commercial leases executed are 8, so future results may be sensitive to continued tenant demand and the ability to renew and lease space.
Pipeline adds opportunity but also execution risk: The company has a development pipeline of 18 assets, meaning future growth depends on successfully progressing planned commercial and multifamily development.
Limited segment revenue detail in the provided facts: The provided segment revenue breakdown is not usable here, which makes it harder to assess how much performance comes specifically from each business line.

Valuation — source: SEC EDGAR (first-party)
Price	$17.58
Market Cap	$186.12M
P/E Ratio	13.9
EV / EBITDA	15.1
Price / Book	2.29
Price / Sales	2.63
DCF Value (model)	$66.88
DCF Upside vs Price	280.4%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$62.86M
Net Margin	27.1%
Revenue Growth (YoY)	22.6%

Financial Health — source: SEC EDGAR
Altman Z-Score	7.03 (safe)

Valuation vs Sector & Industry
Stock P/E	13.9
Sector P/E (Real Estate)	27.3
Industry P/E (Real Estate)	29.6
vs Sector	-48.9%
vs Industry	-52.9%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	Truffle Hound Capital, LLC ($6.63M)
Institutional Holders Tracked	10

Company
Sector	Real Estate
Industry	Real Estate
CEO	Christopher Clemente
Employees	206
Country	US
IPO Date	2004-12-14

Related Companies (Real Estate; 8 comparable real estate companies)

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.