Clipper Realty Stock Price, News & Analysis

Clipper Realty Inc. (NYSE: CLPR) will announce its financial results for Q1 2023 on May 4, 2023, after market close. The company will hold a conference call at 5:00 PM ET to discuss the outcomes and provide a business update. Interested parties can access the call by dialing (800) 346-7359 or (973) 528-0008, using conference code 313340. A replay will be available until May 18, 2023. Clipper Realty focuses on acquiring and managing multifamily residential and commercial properties in the New York metropolitan area, with a strong portfolio in Manhattan and Brooklyn.

Clipper Realty Inc. (NYSE: CLPR) announced its financial results for Q4 2022, reporting record revenues of $33.0 million, a 7.3% increase from the previous year. The quarterly income from operations was $6.8 million, and the net operating income (NOI) reached $17.1 million. Despite a net loss of $3.4 million, the company declared a quarterly dividend of $0.095 per share. Notably, occupancy levels were strong at 98.8%, and the collection rate was 96.2%. The company also refinanced its 1010 Pacific construction loan, enhancing its liquidity position. A conference call is scheduled for March 16, 2023, to discuss further details.

Clipper Realty Inc. (NYSE: CLPR) has announced the Federal income tax treatment of its dividends for 2022. The dividends, with a total of $0.0950 per share, will be classified as follows: $0.07125 as ordinary dividends, and $0.02375 as qualified dividends. The record dates for these dividends were March 25, May 20, August 19, and November 21, 2022, with payable dates shortly thereafter.

Shareholders are encouraged to consult with their tax advisors regarding specific tax implications. Clipper Realty is a self-managed real estate company focused on multifamily residential and commercial properties in the New York metropolitan area.

Clipper Realty Inc. (NYSE: CLPR), a real estate company operating in the New York metropolitan area, is set to release its financial results for the quarter ending December 31, 2022, on March 16, 2023, after market close. The Company will host a conference call at 5:00 PM (ET) the same day to discuss the results and provide a business update. Dial-in options include (800) 346-7359 or (973) 528-0008, with a replay available until March 30, 2023. Clipper Realty focuses on acquiring and managing multifamily residential and commercial properties, mainly in Manhattan and Brooklyn.

Clipper Realty Inc. (NYSE: CLPR) reported record quarterly revenues of $32.8 million for Q3 2022, an increase of 7.2% from Q3 2021. The company posted a net loss of $2.8 million and adjusted funds from operations (AFFO) of $5.0 million, up from $4.1 million YoY. Occupancy rates reached 99.1%, with a collection rate of 95.5%. The company declared a dividend of $0.095 per share. Clipper Realty maintains a robust liquidity position with $35.5 million in cash and fixed-rate debt maturing no earlier than 2027.

Clipper Realty Inc. (NYSE: CLPR) will release its financial results for the quarter ending September 30, 2022, on November 9, 2022, after market close. A conference call to discuss these results will take place at 5:00 PM ET the same day. The call can be accessed at (800) 346-7359 or (973) 528-0008, using entry code 976956. Replay options will be available from November 9 to November 23, 2022. Clipper Realty focuses on acquiring and managing multifamily and commercial properties in the New York metropolitan area, particularly in Manhattan and Brooklyn.

Clipper Realty Inc. (NYSE: CLPR) has appointed PKF O’Connor Davies, LLP as its new independent registered public accounting firm for the fiscal year ending December 31, 2022, replacing BDO USA, LLP. This change was driven by the Audit Committee's goal to reduce audit service costs. Notably, there were no disagreements with BDO before this transition. Clipper Realty focuses on acquiring, managing, and repositioning residential and commercial properties in the New York metropolitan area, particularly in Manhattan and Brooklyn.

Clipper Realty Inc. (NYSE: CLPR) reported near record revenues of $31.9 million for Q2 2022, a 4% increase compared to Q2 2021. However, the company recorded a net loss of $3.0 million. The income from operations stood at $7.1 million, with an adjusted funds from operations (AFFO) of $5.1 million. The rental properties maintained a high occupancy rate of 98%, with a rent collection rate of 97.3%. The company declared a quarterly dividend of $0.095 per share and reported strong liquidity with $44 million in cash. The next conference call is scheduled for August 9, 2022.

Clipper Realty Inc. (NYSE: CLPR) announced it will release financial results for the quarter ended June 30, 2022, after market close on August 9, 2022. A conference call will follow at 5:00 PM ET to discuss these results and provide a business update. Investors can access the call by dialing (800) 346-7359 or (973) 528-0008 with the code 585368. A replay will be available until August 23, 2022. Clipper Realty is focused on acquiring, managing, and repositioning multifamily residential and commercial properties in the New York metropolitan area.