The company maintains a conservative capital structure with a debt-to-equity ratio of 0.07 as of 2026Q1, providing significant insulation against interest rate volatility.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 |
|---|
| Total Assets | 81.69M | 84.96M | 64.87M | 51.72M | 42.47M | 43.6M | 28.58M | 19.93M | 35.1M | 51.16M | 59.82M | 58.48M | 56.37M | 56.88M | 38.7M | 46.38M | 40.93M | 77.33M | 160.86M | 258.98M | 517.43M | 431.32M | 304.51M |
| Asset Growth % | 124.91% | 30.98% | 25.43% | 21.76% | -2.59% | 52.57% | 43.38% | -43.21% | -31.39% | -14.48% | 2.3% | 3.75% | -0.9% | 46.98% | -16.56% | 13.32% | -47.07% | -51.93% | -37.89% | -49.95% | 19.96% | 41.64% | - |
| Real Estate & Other Assets | 1.37M | 1.03M | 498K | 90K | 11.37M | 11.31M | 1.86M | 149K | 304K | 616K | 1.89M | 4.51M | 5.7M | 2.09M | 2.34M | 2.02M | 1.19M | 72.85M | 1.4M | 225.92M | 419.09M | 274.8M | 42.35M |
| PP&E (Net) | 5.4M | 5.68M | 6.55M | 7.36M | 8.16M | 7.51M | 8.18M | 392K | 221K | 309K | 255K | 394K | 395K | 243K | 222K | 12.2M | 50K | 144K | 130.37M | 1.54M | 2.72M | 605K | 66.03M |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 380K | 221K | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 43.59M | 53.27M | 36.73M | 24.39M | 15.78M | 20.08M | 12.35M | 9.31M | 32.7M | 48.29M | 57.45M | 53.57M | 50.28M | 54.54M | 36.13M | 32.16M | 5.68M | 4.33M | 29.09M | 31.52M | 85.43M | 153.37M | 195.3M |
| Cash & Equivalents | 19.63M | 31.28M | 28.76M | 18.79M | 11.72M | 15.82M | 7.03M | 3.51M | 5.78M | 1.81M | 5.76M | 12.45M | 7.5M | 11.89M | 3.54M | 5.64M | 475K | 1.08M | 5.98M | 6.82M | 21.26M | 42.17M | 67.56M |
| Receivables | 1000K | 829K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 636K | 613K | 332K | 110K | 346K | 1000K | 1000K | 392K | 0 | 0 | 462K | 1000K | 1000K | 1000K |
| Other Current Assets | 1M | 21.16M | 430K | 353K | 0 | 2.31M | 5.1M | 5.53M | -12.39M | 1.14M | 1.24M | 2.57M | 1.78M | 2.46M | 3.2M | 3.08M | 4.81M | 3.25M | 3.86M | 4.99M | 12.33M | 10.8M | 7.5M |
| Intangible Assets | 144K | 144K | 144K | 144K | 144K | 0 | 36K | 103K | 170K | 237K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 9.88M | 15M | 12.5M | 14.5M | 13.62M | 18.31M | 17.36M | 11.58M | 28.47M | 48.55M | 51.44M | 53.04M | 54.51M | 37.82M | 32.32M | 33.84M | 34.26M | 73.2M | 130.11M | 212.23M | 393.17M | 285.84M | 239.59M |
| Total Debt | 5.1M | 5.35M | 6.27M | 7.13M | 7.92M | 12.86M | 13.44M | 7.06M | 18.93M | 39.39M | 43.7M | 45.4M | 45.93M | 29.97M | 27.63M | 24.81M | 28.38M | 67.62M | 121.88M | 171.21M | 295.4M | 143.66M | 76.63M |
| Net Debt | -14.53M | -25.93M | -22.49M | -11.66M | -3.8M | -2.96M | 6.4M | 3.54M | 13.15M | 37.59M | 37.94M | 32.95M | 38.43M | 18.07M | 24.09M | 19.17M | 27.9M | 66.53M | 115.9M | 164.39M | 274.14M | 101.49M | 9.07M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 5.5M | 5.5M | 1.21M | 1.52M | 39.39M | 43.7M | 45.08M | 17.21M | 29.97M | 27.63M | 29.82M | 10.09M | 36.24M | 80.98M | 72.63M | 89.48M | 0 | 0 |
| Short-Term Borrowings | 1M | 994K | 0 | 854K | 0 | 0 | 5K | 5.78M | 5.72M | 0 | 0 | 0 | 28.38M | 22.7M | 19.49M | 20.5M | 18.28M | 31.38M | 21.84M | 141.21M | 205.92M | 24.61M | 76.63M |
| Capital Lease Obligations | 19.86M | 4.36M | 6.27M | 6.27M | 7.92M | 7.36M | 7.93M | 61K | -948K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19.05M | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 4.57M | 9.68M | 6.66M | 6.37M | 6.49M | 6.06M | 4.5M | 10.3M | 9.54M | 9.15M | 34.65M | 32.46M | 8.58M | 7.85M | 4.69M | 24.48M | 24.74M | 56.11M | 111.84M | 163.18M | 322.22M | 285.84M | 239.59M |
| Accounts Payable | 1.11M | 847K | 781K | 838K | 742K | 783K | 854K | 1.44M | 1.2M | 8.28M | 6.92M | 6.72M | 7.55M | 6.43M | 3.52M | 2.91M | 2.51M | 0 | 6.13M | 21.96M | 55.68M | 59.13M | 35.53M |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.06M | 575K | 497K | 591K | 484K | 553K | 206K | 63K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 1.2M | 960K | 492K | 77K | 0 | 0 | 0 | 0 | 9.69M | 0 | -26.91M | -24.5M | 26.36M | 0 | 0 | -20.46M | -571K | -19.15M | -62.72M | -23.58M | -18.53M | 0 | 0 |
| Total Equity | 71.81M | 69.97M | 52.37M | 37.22M | 28.85M | 25.3M | 11.21M | 8.36M | 6.63M | 2.61M | 8.38M | 5.44M | 1.85M | 19.06M | 6.38M | 12.54M | 6.67M | 4.13M | 30.75M | 46.75M | 124.26M | 145.48M | 64.92M |
| Equity Growth % | 143.83% | 33.6% | 40.72% | 28.98% | 14.07% | 125.56% | 34.2% | 26.05% | 154.02% | -68.84% | 53.96% | 193.32% | -90.27% | 198.78% | -49.15% | 88.12% | 61.34% | -86.56% | -34.23% | -62.38% | -14.59% | 124.08% | - |
| Shareholders Equity | 71.81M | 69.97M | 52.37M | 37.22M | 28.85M | 25.3M | 11.21M | 8.36M | -9.08M | -14.38M | -9.88M | -1.28M | -2.13M | 4.17M | 5.44M | 9.7M | 6.67M | 4.13M | 30.52M | 46.52M | 123.89M | 145.08M | 62.23M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.71M | 16.99M | 18.25M | 6.72M | 3.99M | 14.89M | 935K | 2.84M | 0 | 0 | 223K | 231K | 371K | 400K | 2.69M |
| Common Stock | 102K | 101K | 99K | 96K | 95K | 83K | 81K | 80K | 39K | 35K | 34K | 34K | 27K | 213K | 203K | 206K | 198K | 183K | 183K | 178K | 168K | 142K | 119K |
| Additional Paid-in Capital | 203.1M | 203.25M | 202.7M | 202.11M | 201.53M | 200.62M | 200.15M | 199.37M | 181.63M | 177.61M | 176.25M | 175.96M | 171.45M | 170.81M | 170.07M | 168.62M | 166.7M | 157.42M | 157.06M | 156M | 147.53M | 129.01M | 75.51M |
| Retained Earnings | -128.73M | -130.72M | -147.77M | -162.33M | -170.11M | -179.51M | -193.12M | -195.2M | -194.32M | -189.8M | -184.78M | -175.78M | -171.22M | -164.38M | -162.35M | -156.68M | -157.79M | -151.03M | -124.28M | -107.22M | -21.37M | 18.47M | -9.09M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 6.76M | 6.76M | 6.76M | 7.19M | 442K | 1.28M | 1.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 23.31% | 22.76% | 24.98% | 16.53% | 17.07% | 37.71% | 8.58% | 3.25% | -10.47% | -9.06% | -15.2% | -7.95% | -12.08% | -4.25% | -13.32% | 2.54% | -13.02% | -22.46% | -8.13% | -22.54% | -8.4% | 7.49% | 4.7% |
| Return on Equity (ROE) | 27.54% | 27.88% | 32.51% | 23.56% | 27.14% | 74.55% | 21.28% | 11.92% | -97.75% | -91.47% | -130.16% | -125.19% | -65.4% | -15.96% | -59.87% | 11.52% | -142.54% | -153.39% | -44.02% | -102.35% | -29.54% | 26.2% | 22.03% |
| Debt / Assets | 6.25% | 6.3% | 9.67% | 13.78% | 18.64% | 29.5% | 47.01% | 35.4% | 53.93% | 77% | 73.06% | 77.63% | 81.49% | 52.69% | 71.39% | 53.49% | 69.33% | 87.44% | 75.77% | 66.11% | 57.09% | 33.31% | 25.16% |
| Debt / Equity | 0.07x | 0.08x | 0.12x | 0.19x | 0.27x | 0.51x | 1.20x | 0.84x | 2.86x | 15.09x | 5.22x | 8.34x | 24.76x | 1.57x | 4.33x | 1.98x | 4.26x | 16.36x | 3.96x | 3.66x | 2.38x | 0.99x | 1.18x |
| Net Debt / EBITDA | -1.21x | -2.12x | -2.12x | -1.24x | -0.47x | -0.57x | 2.32x | 1.42x | - | - | - | - | - | 5.48x | - | - | - | - | - | - | - | 2.26x | 0.45x |
| Book Value per Share | 6.84 | 6.68 | 5.07 | 3.68 | 3.01 | 2.78 | 1.31 | 1.23 | 1.73 | 0.77 | 2.52 | 1.70 | 0.62 | 6.45 | 2.24 | 4.24 | 2.55 | 1.64 | 12.33 | 20.28 | 57.42 | 78.20 | 61.85 |
Regional office market concentration
According to quarterly financial data, CHCI maintains a remarkably low debt-to-equity ratio of 0.07 as of 2026Q1, reflecting a conservative capital structure that provides significant insulation against the interest rate volatility currently impacting more highly levered peers within the diversified real estate sector.
The company's minimal reliance on debt financing suggests a strategic preference for equity-funded growth, which effectively mitigates the risk of covenant breaches or refinancing pressure. This balance sheet positioning appears to grant management substantial optionality to pursue development opportunities without the immediate burden of servicing high-cost debt obligations.
Based on reported figures, CHCI held $19.6 million in cash as of 2026Q1, a decrease from the $31.3 million peak in 2025Q4, which suggests that the company is actively deploying its liquid reserves to fund ongoing development milestones within its transit-oriented Reston Station portfolio.
The fluctuation in cash balances indicates a cyclical deployment of capital tied to project-specific development phases rather than a static liquidity position. Investors should monitor whether this cash burn rate aligns with the anticipated delivery schedule of the 1,900 multifamily units currently in the development pipeline.
As reported in financial statements, the company's net property, plant, and equipment (PPE) has trended downward from $7.4 million in 2023Q4 to $5.4 million in 2026Q1, signaling a deliberate transition toward an asset-light management model rather than traditional capital-intensive property ownership.
This reduction in net PPE suggests that the company is successfully shifting its business model toward fee-based asset management, which typically carries lower maintenance capital requirements. This transition appears to be a core component of management's strategy to improve long-term return on equity by focusing on service-oriented revenue streams.
Based on the provided balance sheet data, total equity has expanded from $37.2 million in 2023Q4 to $71.8 million in 2026Q1, which appears to be primarily driven by the retention of earnings rather than significant secondary stock issuance or dilutive equity financing activities.
The consistent growth in equity base suggests that the company is effectively reinvesting its profits to strengthen its balance sheet and support future development. This trend warrants further investigation into whether this capital accumulation is sufficient to sustain the company's long-term growth objectives without requiring external capital raises.
Quick answers to the most common questions about buying CHCI stock.
As of 2025, Comstock Holding Companies, Inc. (CHCI) had total assets of $85.0M including $53.3M in current assets.
Comstock Holding Companies, Inc. (CHCI) carries total debt of $5.3M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Comstock Holding Companies, Inc. (CHCI) has total shareholders' equity (book value) of $70.0M ($6.68 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Comstock Holding Companies, Inc. (CHCI) reported a current ratio of 5.50x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.