Clipper Realty Stock Price, News & Analysis

Clipper Realty Inc. (NYSE: CLPR) will report its financial results for Q1 2022 on May 10, 2022, after market close. A conference call to discuss these results and provide a business update will follow at 5:30 PM ET. Interested parties can access the call via a dedicated phone line. The Company specializes in managing multifamily residential and commercial properties in the New York metropolitan area, with a focus on Manhattan and Brooklyn.

Clipper Realty Inc. (NYSE: CLPR) reported Q4 2021 financial results with revenues of $30.8 million, up 1.6% from Q4 2020. The net operating income was $16.4 million, but the company faced a net loss of $6.2 million due to a $2.7 million litigation settlement. The affordable funds from operations (AFFO) increased to $4.4 million, reflecting improved occupancy rates at properties, which are currently 95% leased with a rent collection rate of over 98%. A dividend of $0.095 per share was declared for the quarter.

Clipper Realty Inc. (NYSE: CLPR) announced the Federal income tax treatment of its 2021 dividends. The dividends, amounting to $0.0950 per share, will be distributed on specified payable dates following respective record dates. Shareholders are advised to consult their tax advisors regarding the tax implications of these dividends, which include ordinary, qualified, and nontaxable components, with $0.0475 classified as ordinary and nontaxable. The company operates multifamily and commercial properties in the New York metropolitan area.

Clipper Realty Inc. (NYSE: CLPR) will announce its financial results for Q4 2021 on March 15, 2022, after market close. A conference call will follow at 5:00 PM (ET) to discuss the results and provide a business update. Interested parties can join by dialing (800) 346-7359 or (973) 528-0008, using conference code 826656. A replay will be available from March 15 to March 29, 2022. Clipper Realty focuses on multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn.

Clipper Realty Inc. (NYSE: CLPR) reported its financial results for the third quarter of 2021, achieving revenues of $30.6 million, a 2.0% increase from the previous year. The company recorded a net loss of $3.4 million, slightly higher than last year's $2.9 million loss. Adjusted funds from operations (AFFO) rose to $4.1 million, up from $2.9 million in Q3 2020. The company declared a dividend of $0.095 per share. Occupancy rates sit at 94% with a rent collection rate exceeding 96%, supported by strong liquidity with $88.2 million in cash.

Clipper Realty Inc. (NYSE: CLPR) will announce its financial results for the quarter ending September 30, 2021, post-market on November 9, 2021. A conference call is scheduled for the same day at 5:00 PM ET to discuss results and provide insights on business developments. Investors can access the call via phone at (800) 346-7359 or (973) 528-0008, using conference code 664288. A replay will be available from November 9 through November 23, 2021, at (800) 332-6854 or (973) 528-0005, with the same code.

Clipper Realty Inc. (NYSE: CLPR) reported its Q2 2021 financial results, achieving revenues of $30.7 million, a 1.6% decrease year-over-year. The company incurred a net loss of $3.2 million, though this was an improvement from a $5.2 million loss in Q2 2020. Adjusted Funds from Operations (AFFO) rose to $4.1 million, up from $3.1 million in Q1 2021. The firm declared a dividend of $0.095 per share. Despite pandemic pressures, occupancy remains strong at 94%, and rent collection was at 96%. Clipper maintains a solid cash position with $98.3 million available and no debt maturities until 2027.

Clipper Realty Inc. (NYSE: CLPR) will release its financial results for the quarter ended June 30, 2021, after market close on August 9, 2021. A conference call will follow at 5:00 PM (ET) for discussion of results and business updates. The call can be accessed at (800) 346-7359 or (973) 528-0008, entry code 884595. A replay will be available until August 23, 2021. Clipper Realty specializes in acquiring and managing multifamily and commercial properties in the New York metropolitan area, with significant holdings in Manhattan and Brooklyn.

Clipper Realty Inc. (NYSE: CLPR) announced its Q1 2021 results, reporting revenues of $30.7 million, down 2.1% year-over-year. The company experienced a net loss of $7.1 million, compared to a $0.4 million loss in Q1 2020, driven by decreased occupancy and increased operating expenses. Adjusted funds from operations (AFFO) were $3.1 million. The company declared a dividend of $0.095 per share for the quarter. CFO Michael Frenz will resign, with Lawrence Kreider, Jr. appointed as his successor, ensuring continuity as the company navigates post-pandemic recovery.