Welcome to our dedicated page for Clipper Realty news (Ticker: CLPR), a resource for investors and traders seeking the latest updates and insights on Clipper Realty stock.
News for Clipper Realty Inc. (NYSE: CLPR) centers on its activities as an owner and operator of multifamily residential and commercial properties in the New York metropolitan area. The company’s releases emphasize its portfolio in Manhattan and Brooklyn and provide regular updates on property performance, leasing trends and capital decisions.
Investors following CLPR news will see recurring coverage of quarterly and annual financial results, including residential and commercial rental income, income from operations, net loss, and non-GAAP measures such as NOI, FFO and AFFO. The company’s earnings announcements often discuss occupancy, rent growth on new and renewal leases and the relative contribution of residential and commercial segments.
Another key theme in Clipper Realty’s news flow is property-level developments. Recent releases have described the sale of the 10 West 65th Street property, the completion and lease-up of the Dean Street (Prospect House) residential development, and ongoing work at Flatbush Gardens under an Article 11 agreement with New York City. Updates also cover commercial leases with New York City agencies at 250 Livingston Street and 141 Livingston Street.
News items frequently highlight financing and refinancing transactions, such as bridge loans for development projects and mortgage loans secured by specific properties like 1010 Pacific Street. Dividend declarations and tax information for distributions are also regular topics.
By monitoring this page, readers can review Clipper Realty’s historical press releases on earnings, dividends, property transactions, lease activity and financing events, all of which help illustrate how the company manages its New York-focused real estate portfolio over time.
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.
Clipper Realty Inc. (NYSE: CLPR) reported strong financial results for Q1 2022, achieving record revenues of $32.1 million, a 4.6% increase from Q1 2021. The company reported a net loss of $3.5 million for the quarter, an improvement from $7.1 million last year. Adjusted funds from operations (AFFO) reached $4.4 million, up from $3.1 million in Q1 2021. The company declared a dividend of $0.095 per share, maintaining the previous quarter's level. With properties 96% leased and a first-quarter rent collection rate of 96.5%, Clipper Realty demonstrates a positive outlook amidst the pandemic recovery.
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.