Clipper Realty

Clipper Realty, Inc. engages in the acquisition, owning, managing, operating, and repositioning of real estate properties. The firm operates through the Residential and Commercial segments. The Residential segment consists of the Flatbush Gardens, the Clover House, the 10 West 65th Street, the 1010 Pacific Street, and portions of the 250 Livingston Street, Tribeca House, and Aspen properties. The Commercial segment includes the 141 Livingston Street and portions of the 250 Livingston Street, Tribeca House, and Aspen properties. The company was founded by Shmuel David Levinson and David Bistricer on July 7, 2015 and is headquartered in Brooklyn, NY.

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Clipper Realty reports record Q4 earnings, focuses on growth strategies

Clipper Realty (CLPR) delivered a strong performance in Q4 2022 with record revenue, NOI, and AFFO, supported by high lease rates and successful project completion.
The company's focus on optimizing operations and rewarding shareholders through dividends underscores its commitment to sustainable growth.
While facing challenges in a competitive market and economic uncertainties, Clipper Realty has opportunities to drive further revenue growth and operational efficiency.

Clipper Realty (CLPR) reports record revenue and plans for growth

Clipper Realty (CLPR) delivered a strong performance in Q1 2023, showcasing robust financial results and operational efficiency.
With high occupancy rates, successful property developments, and plans for future growth, the company is well-positioned for continued success.
While facing potential challenges from market uncertainties, Clipper Realty can capitalize on opportunities for expansion and strategic growth initiatives.

Clipper Realty reports record Q2 revenue and operational strength

Clipper Realty's Q2 performance reflects strong financial results, operational excellence, and progress on key developments, positioning the company for continued success.
While facing challenges in managing expenses, capital expenditures, and meeting financial targets, Clipper Realty's strengths in leasing performance and property value enhancement offer a solid foundation for growth.
With opportunities for expansion, maximizing rental demand, and driving value creation, Clipper Realty is poised to navigate challenges and capitalize on growth prospects in the real estate market.

Clipper Realty (CLPR) achieves record Q3 results amid market challenges

Clipper Realty (CLPR) delivered a strong performance in Q3 2023, reporting record operating results and financial metrics.
Despite challenges and uncertainties, the company's focus on operational efficiency and growth opportunities bodes well for future success.
Overall, Clipper Realty's emphasis on transparency, financial discipline, and market positioning sets a positive trajectory for continued growth and performance.

Clipper Realty reports record Q4 earnings, focuses on growth

Clipper Realty delivered strong financial results in Q4 2023, driven by record operating income and AFFO. Despite potential challenges ahead, the company remains focused on operational efficiency, growth opportunities, and completing development projects to drive future success.

Clipper Realty (CLPR) achieves record Q1 earnings amidst market challenges

Clipper Realty's Q1 2024 performance showcased strong financial results, driven by robust leasing activity and cost efficiencies. The company's emphasis on optimizing operations, completing developments, and addressing challenges like property transitions underscores its commitment to sustainable growth. With a solid financial foundation and strategic initiatives in place, Clipper Realty is poised for continued success in the real estate market.

Clipper Realty (CLPR) achieves record Q2 results amid market challenges

Clipper Realty (CLPR) delivered a strong performance in Q2 2024, reporting record operating results and financial metrics amidst a challenging market environment.
The company's emphasis on residential leasing, expense management, and strategic growth initiatives positions it well for future success and value creation.
While facing uncertainties and challenges, Clipper Realty remains focused on optimizing operations, pursuing growth opportunities, and enhancing shareholder value.

Clipper Realty (CLPR) achieves record Q3 results amidst operational strength

Clipper Realty (CLPR) delivers a strong Q3 performance with record revenue, NOI, and AFFO driven by robust residential activity and operational efficiency.
The company's focus on development projects, high occupancy rates, and fixed operating debt at favorable rates position it well for future growth.
While facing challenges in property optimization and lease negotiations, Clipper Realty's commitment to shareholder value and market opportunities bode well for its long-term success.

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Clipper Realty, Inc. engages in the acquisition, owning, managing, operating, and repositioning of real estate properties. The firm operates through the Residential and Commercial segments. The Residential segment consists of the Flatbush Gardens, Clover House, 10 West 65th Street, 1010 Pacific Street, and portions of 250 Livingston Street, Tribeca House, and Aspen properties. The Commercial segment includes the 141 Livingston Street and portions of the 250 Livingston Street, Tribeca House, and Aspen properties. The company was founded by Shmuel David Levinson and David Bistricer on August 2015 and is headquartered in Brooklyn, NY.

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Clipper Realty (CLPR) could produce exceptional returns because of its solid growth attributes.

Here is Why Growth Investors Should Buy Clipper Realty (CLPR) Now

Clipper Realty (CLPR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Clipper Realty (CLPR) Rating Upgrade to Buy

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Is Clipper Realty (CLPR) Stock Undervalued Right Now?

Clipper Realty (CLPR) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Why Fast-paced Mover Clipper Realty (CLPR) Is a Great Choice for Value Investors

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Clipper Realty is a buy due to its low valuation, high dividend yield, and debt relief from pending Fed rate cuts. CLPR's common shares trade at 7.1x annualized fiscal 2024 second quarter FFO, with an 8% dividend yield, significantly covered by FFO. Despite office exposure and lease expirations, CLPR's strong free cash flow and New York's high rent environment support its financial health.

Clipper Realty: 8% Dividend Yield From Significantly Undervalued US Multifamily REIT, I'm Buying

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Clipper Realty is a REIT with undervalued assets in NYC that outweigh concerns about high debt and office space tenant departure. The estimated value of CLPR ranges from $5.82 to $23.5, depending on cap rate. CLPR's unique capital structure protects individual properties from debt risks: poor performance of one property will not negatively impact others.

Clipper Realty: Much Safer Than It Appears

Clipper Realty Inc (NYSE:CLPR ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Larry Kreider - Chief Financial Officer David Bistricer - Co-Chairman of the Board and Chief Executive Officer JJ Bistricer - Chief Operating Officer Conference Call Participants John Rodis - Janney Montgomery Scott LLC Ross Haberman - RLH Investments Operator Good day, and welcome to the Clipper Realty Quarterly Earnings Call. At this time, all participants have been placed on a listen-only mode and the floor will be open for questions and comment after the presentation.

Clipper Realty Inc (CLPR) Q2 2024 Earnings Call Transcript

Clipper Realty Inc. (CLPR) came out with quarterly funds from operations (FFO) of $0.17 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to FFO of $0.13 per share a year ago.

Clipper Realty Inc. (CLPR) Tops Q2 FFO and Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Clipper Realty Inc. (NYSE: CLPR) (the “Company”), a leading owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced financial and operating results for the three months ended June 30, 2024. Highlights for the Three Months Ended June 30, 2024 Record quarterly revenues of $37.3 million for the second quarter of 2024 Quarterly income from operations of $10.0 million for the second quarter of 2024 Record n.

Clipper Realty Inc. Announces Second Quarter 2024 Results

NEW YORK--(BUSINESS WIRE)--Clipper Realty Inc. (NYSE: CLPR) (the “Company”), an owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced that it will release financial results for the quarter ended June 30, 2024, after the market closes on Thursday, August 1, 2024. The Company will host a conference call that same day at 5:00 PM (ET) to discuss the financial results and provide a business update. The conference call can be access.

Clipper Realty Inc. to Report Second Quarter 2024 Financial Results

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Clipper Realty's stock is currently trading at an all-time low and a 10% yield with no history of dividend cuts. With ten properties in Manhattan and Brooklyn, it's good real estate, but refinancing at higher interest rates could squeeze the cash flow too much. Crucially, management is not bound by anti-competitive agreements, and their best ideas may not go to CLPR.

Clipper Realty: High Yield, But You Could Be Ignored

Clipper Realty Inc. (NYSE:CLPR ) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Larry Kreider - CFO David Bistricer - Co Chairman and CEO JJ Bistricer - COO Conference Call Participants Operator Good day. And welcome to Clipper Realty Quarterly Earnings Call.

Clipper Realty Inc. (CLPR) Q1 2024 Earnings Call Transcript

Clipper Realty Inc. (CLPR) came out with quarterly funds from operations (FFO) of $0.14 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to FFO of $0.11 per share a year ago.

Clipper Realty Inc. (CLPR) Q1 FFO and Revenues Beat Estimates

NEW YORK--(BUSINESS WIRE)--Clipper Realty Inc. (NYSE: CLPR) (the “Company”), a leading owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced financial and operating results for the three months ended March 31, 2024. Highlights for the Three Months Ended March 31, 2024   Record quarterly revenues of $35.8 million for the first quarter of 2024   Quarterly income from operations of $9.1 million for the first quarter of 2024   Rec.

Clipper Realty Inc. Announces First Quarter 2024 Results

NEW YORK--(BUSINESS WIRE)--Clipper Realty Inc. (NYSE: CLPR) (the “Company”), an owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced that it will release financial results for the quarter ended March 31, 2024, after the market closes on Tuesday, May 7, 2024. The Company will host a conference call that same day at 5:00 PM (ET) to discuss the financial results and provide a business update. The conference call can be accessed.

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