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.

Clipper Realty Inc. (CLPR) Q4 2023 Earnings Call Transcript

Clipper Realty Inc. (CLPR) came out with quarterly funds from operations (FFO) of $0.15 per share, missing the Zacks Consensus Estimate of $0.16 per share. This compares to FFO of $0.11 per share a year ago.

Clipper Realty Inc. (CLPR) Lags Q4 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 December 31, 2023. Highlights for the Three Months Ended December 31, 2023 Quarterly revenues of $34.9 million for the fourth quarter of 2023 Quarterly income from operations of $9.0 million for the fourth quarter of 2023 Net oper.

Clipper Realty Inc. Announces Fourth Quarter 2023 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 December 31, 2023, after the market closes on Thursday, March 14, 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 ac.

Clipper Realty Inc. to Report Fourth Quarter 2023 Financial Results

NEW YORK--(BUSINESS WIRE)--Clipper Realty Inc. (NYSE: CLPR), an owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced the Federal income tax treatment of its 2023 dividends to holders of its common stock.   Record Date   Payable Date   Total Dividend Per Share   Ordinary Dividend   Qualified Dividend   Nontaxable Dividend 3/27/2023 4/05/2023 $0.0950 $0.0095 $0.0000 $0.0855 5/15/2023 5/24/2023 $0.0950 $0.0095 $0.0000 $0.0855 8/.

Clipper Realty Inc. Announces Tax Information For 2023 Distributions

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Apartment REITs were among the weakest-performing property sectors for a second-straight year in 2023 - lagging even the battered office sector - despite delivering another year of mid-single-digit earnings growth. Following two years of record-setting rent growth, residential rents decelerated in 2023 alongside a broader cooling of inflationary pressures, with multifamily rents seeing a particularly sharp cooldown amid supply headwinds. The wave of pandemic-era development - started at a time when rents were rising double-digits - resulted in a record year of new deliveries in 2023 with similarly elevated supply levels.

Apartment REITs: A Renter's Market

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REITs crashed due to rising interest rates. But they are now set to rally as interest rates are cut in 2024. The window of opportunity is closing fast, but opportunities remain abundant.

REIT Opportunities Remain Abundant: 3 Top Picks

Clipper Realty is a residential/retail REIT that owns and manages properties in the New York metropolitan area. The company has a concentrated portfolio, which may be unattractive for investors seeking broader exposure. Even though the discount to NAV appears large and the dividend yield is high, its financial health is concerning, with high leverage, low liquidity, and a potentially unsafe dividend.

Clipper Realty: Don't Be Allured By The High Yield

Clipper Realty is currently paying out a 7.7% dividend yield. The most recent distribution was 158% covered by its third quarter adjusted FFO. Its long-dated maturity profile and high insider ownership have reduced the likelihood of a dividend reduction.

Clipper Realty: How Sustainable Is The 7.7% Dividend Yield?

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Overall, this is a good time to invest in REITs. The expected surge in REIT share prices will not benefit all REITs equally. There are always mousetrap REITs, even in the best of times. Dividend safety is crucial for REIT value as a dividend cut can lead to a significant loss in share value.

Mouse Traps: 8 High-Yielding REITs Risking Dividend Cuts

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REITs have experienced a significant drop in value due to rising interest rates and inflation. However, with inflation under control and interest rates expected to stabilize or decrease, REITs are poised for a surge. A list of 28 undervalued REITs with a yield of 5% or better is provided, along with 10 additional REITs to consider.

Buried Treasures: 10 Dramatically Undervalued REITs Yielding Over 5%

Clipper Realty Inc. (NYSE:CLPR ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Larry Kreider - Chief Financial Officer David Bistricer - Co-Chairman of the Board and Chief Executive Officer J.J. Bistricer - Chief Operating Officer Operator Good day and welcome to the Clipper Realty Quarterly Earnings Call.

Clipper Realty Inc. (CLPR) Q3 2023 Earnings Call Transcript

Clipper Realty Inc. (CLPR) came out with quarterly funds from operations (FFO) of $0.15 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to FFO of $0.12 per share a year ago.

Clipper Realty Inc. (CLPR) Lags Q3 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 September 30, 2023. Highlights for the Three Months Ended September 30, 2023 Record quarterly revenues of $35.1 million for the third quarter of 2023 Quarterly income from operations of $9.2 million for the third quarter of 2023 R.

Clipper Realty Inc. Announces Third Quarter 2023 Results

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The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

Top 5 Real Estate Stocks That Could Lead To Your Biggest Gains In Q4 - Fathom Holdings (NASDAQ:FTHM), Clipper Realty (NYSE:CLPR)

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 September 30, 2023, after the market closes on Thursday, November 2, 2023. 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.

Clipper Realty Inc. to Report Third Quarter 2023 Financial Results

Clipper Realty is offering a 7.2% dividend yield, but its dividend is far from safe, partly due to a forward FFO payout ratio of 106%. The commercial properties of Clipper Realty have been negatively impacted by an accelerated shift to e-commerce. The REIT has a high debt load and has underperformed the market, making it a risky investment for income-oriented investors.

The 7.2% Dividend Of Clipper Realty Comes With High Risk

Clipper Realty Inc. (CLPR) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

After Plunging -8.77% in 4 Weeks, Here's Why the Trend Might Reverse for Clipper Realty Inc. (CLPR)

The mean of analysts' price targets for Clipper Realty Inc. (CLPR) points to a 63.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Predict a 63.67% Upside in Clipper Realty Inc. (CLPR): Here's What You Should Know

Clipper Realty Inc. (CLPR) came out with quarterly funds from operations (FFO) of $0.13 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to FFO of $0.12 per share a year ago.

Clipper Realty Inc. (CLPR) Misses 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, 2023. Highlights for the Three Months Ended June 30, 2023 Record quarterly revenues of $34.5 million for the second quarter of 2023 Quarterly income from operations of $8.0 million for the second quarter of 2023 Record ne.

Clipper Realty Inc. Announces Second Quarter 2023 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, 2023, after the market closes on Thursday, August 3, 2023. 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 2023 Financial Results

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 a 40-year regulatory agreement between its 2,500-unit Flatbush Gardens property and the New York City Department of Housing Preservation and Development (“HPD”) under Article XI of the Private Housing Finance Law. For the term of this agreement, the project will receive a full abatement o.

Clipper Realty Inc. Reaches Agreement with New York City on 40-Year Real Property Tax Exemption for Flatbush Gardens Property

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Apartment REITs: Rents Are Rising, Again

Clipper Realty is a serial developer of apartments in NYC, whose liquidity is only and entirely their holdings of cash. Their business model relies on raising new cash by refinancing properties.

Clipper Realty: A Broken Model (Rating Downgrade)

News for Clipper Realty Stock (CLPR)