Clipper Realty Stock Price, News & Analysis

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.

Clipper Realty Inc. (NYSE: CLPR) has announced that it will release its financial results for Q1 2021 on May 10, 2021, after market close. The company will host a conference call at 5:00 PM (ET) on the same day to discuss these results and provide a business update. Investors can access the call by dialing (800) 346-7359 or (973) 528-0008, with replay options available until May 24, 2021. Clipper Realty focuses on acquiring and managing multifamily residential and commercial properties in the New York metropolitan area.

Clipper Realty Inc. (NYSE: CLPR) reported Q4 2020 revenues of $30.3 million and a record annual revenue of $122.9 million. The net loss for Q4 was $3.8 million and for the year, it was $12.2 million. Despite challenges, the company announced a quarterly dividend of $0.095 per share. The portfolio occupancy stands at 95%, and a refinancing of 141 Livingston Street is expected to reduce annual debt service costs by $1.3 million. The company also noted higher property expenses affecting profitability.

Clipper Realty Inc. (NYSE: CLPR) announced it will release its financial results for Q4 and the year ending December 31, 2020, on March 16, 2021, after market close. A conference call will follow on March 17, 2021, at 11:00 AM (ET) to discuss the results and provide updates related to the COVID-19 pandemic. Investors can access the call via two phone numbers and a replay will be available until March 31, 2021. Clipper Realty focuses on acquiring, managing, and repositioning multifamily residential and commercial properties in New York.

Clipper Realty Inc. (NYSE: CLPR) announced the Federal income tax treatment of its 2020 distributions to common stock holders. Key dates include a record date of March 24, 2020, and a payment date of March 31, 2020, with a total distribution of $0.0950 per share for each of four distributions throughout 2020. The total distributions amounted to $0.3800 per share for the year. Shareholders are encouraged to consult tax advisors regarding the specific tax treatment of these distributions.

Clipper Realty Inc. (NYSE: CLPR) reported third-quarter 2020 results with revenues of $29.6 million, a 0.6% increase year-over-year. Income from operations was $6.8 million but reflected a net loss of $3.4 million for the quarter, primarily due to higher property expenses. Despite challenges from the COVID-19 pandemic resulting in lower occupancy and rental rates, the company achieved a 97% rent collection rate and maintains a liquidity position of $105 million. A dividend of $0.095 per share was declared, consistent with the previous quarter.

Clipper Realty Inc. (NYSE: CLPR) is set to release its financial results for the quarter ending September 30, 2020, on November 9, 2020, post-market close. A conference call will follow at 5:00 PM ET to discuss these results and provide updates regarding the impacts of the COVID-19 pandemic on the business. Investors can access the call by dialing (800) 346-7359, with a replay available until November 23, 2020. Clipper Realty focuses on multifamily residential and commercial properties in the New York metropolitan area, managing a diverse portfolio in Manhattan and Brooklyn.