Welcome to our dedicated page for Clipper Realty SEC filings (Ticker: CLPR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Clipper Realty Inc. filings document a Maryland real estate company that owns and operates multifamily residential and commercial properties through subsidiaries and an operating partnership. Recent Form 8-K disclosures record quarterly results, property-level mortgage financings, loan modifications, refinancing transactions, lease matters, default notices and related lender litigation involving specific New York assets.
The company's proxy materials cover annual meeting matters, including director elections and board governance. Its filings also describe guarantees by Clipper Realty L.P., subsidiary borrowers, secured property debt, and risk areas tied to residential leasing, commercial tenants, asset sales and capital commitments.
Clipper Realty Inc. reported the results of its 2025 Annual Meeting of Stockholders held on June 17, 2026. Stockholders elected all seven director nominees, including David Bistricer and Richard N. Burger, with each receiving over 28.8 million votes in favor plus broker non-votes.
Stockholders also ratified the appointment of PKF O’Connor Davies, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with 35,636,092 votes for and limited opposition. In addition, they approved, on a non-binding advisory basis, the compensation of the company’s named executive officers.
Clipper Realty Inc. reported first quarter 2026 results showing mixed performance between its residential and commercial portfolios. Total revenue was $38.1 million, slightly below $39.4 million a year earlier, as strong residential leasing offset weaker office income after a New York City lease termination at 250 Livingston Street.
Residential rental income rose to $31.9 million from $29.2 million, while commercial rental income fell to $6.2 million from $10.2 million. Net loss narrowed to $11.1 million (or $4.2 million attributable to common stockholders) compared with a $35.1 million net loss in 2025, largely due to the absence of a prior-year impairment charge.
Non-GAAP metrics weakened: NOI declined to $20.0 million from $21.8 million, and AFFO dropped to $2.3 million ($0.05 per share) from $8.0 million ($0.19 per share), reflecting higher interest expense, litigation settlement costs of $3.6 million, and losses at the Prospect House and 250 Livingston Street properties. The company declared a quarterly dividend of $0.095 per share, unchanged from the prior quarter.
Clipper Realty Inc. reports another quarterly loss while managing heavy leverage and key New York City lease transitions. For the three months ended March 31, 2026, total revenue was $38,115 thousand versus $39,398 thousand a year earlier, as commercial rental income fell to $6,211 thousand from $10,208 thousand after one major City of New York lease terminated and another expired.
Residential rental income grew to $31,904 thousand from $29,190 thousand, and the prior-year $33,780 thousand impairment did not recur, lifting income from operations to $4,402 thousand versus a loss of $23,581 thousand. However, higher net interest expense of $15,546 thousand resulted in a net loss of $11,144 thousand, with a loss attributable to common stockholders of $4,238 thousand, or $0.30 per share, compared with $0.86 loss per share a year earlier.
At March 31, 2026, total assets were $1,225,996 thousand, including investment in real estate, net, of $1,143,407 thousand, funded by notes payable of $1,285,799 thousand and a total equity deficit of $95,524 thousand. The company remains highly dependent on New York City government leases, which represented 11% of revenues this quarter, and faces litigation and loan challenges, including a receiver appointed over its 250 Livingston Street property. Cash and cash equivalents plus restricted cash totaled $54,651 thousand at period end, with cash provided by operating activities of $3,568 thousand. As of May 14, 2026, there were 16,157,566 common shares outstanding.
Clipper Realty Inc. is asking stockholders to vote at its 2026 annual meeting on three items: electing seven directors, ratifying PKF O’Connor Davies as auditor for 2026, and approving on a non-binding basis the compensation of named executive officers.
Holders of 16,157,566 common shares and 26,317,396 special voting shares as of April 23, 2026 may vote, with each share carrying one vote. The board reports that four of seven directors are independent and that all audit, compensation, and nominating committee members meet NYSE independence and financial expertise standards.
The proxy details 2025 executive pay, including salary, stock awards and incentives, and explains that a portion of compensation is equity-based and at risk. It also outlines related-party dealings with Clipper Equity and certain directors, which were reviewed under a board-approved related party transaction policy.
Clipper Realty Inc. reports that the lender on its 250 Livingston Street property has filed a complaint seeking foreclosure remedies on a $125.0 million mortgage loan. The loan, dated May 31, 2019, bears interest at 3.63%, is interest-only and matures on June 6, 2029.
The complaint names the property-owning subsidiary, the Company and Clipper Realty L.P., and asks the court to appoint a receiver, sell the Brooklyn property and apply proceeds to the debt. Clipper Realty is negotiating a Consent and Cooperation Agreement for a loan sale, but completion is uncertain. As of March 31, 2026, it believes about $6.3 million of interest and default interest was owed, excluding fees.
Clipper Realty Inc. director Roberto Angelo Verrone exercised derivative interests linked to the company’s operating partnership into common equity. He converted 11,020 Operating Partnership units (received for vested LTIP units) into 11,020 shares of Clipper Realty common stock at an exercise price of $0.00 per share.
After these transactions, Verrone holds 26,999 shares of common stock directly and 7,961 Operating Partnership units, all reported as direct ownership. The filing reflects a compensation-related derivative exercise and conversion, with no open-market purchases or sales disclosed.
Clipper Realty Inc. director and 10% owner Sam Levinson reported receiving two equity awards of Long Term Incentive Plan Units on February 24, 2026, covering 68,973 and 164,003 LTIP Units at no cash cost. These LTIP Units are issued by Clipper Realty L.P., the company’s operating partnership, and can later be converted into OP Units, which are in turn redeemable for either cash equal to the company’s common share price or one share of common stock per unit. One grant vests in four equal installments on March 31, 2026, June 30, 2026, September 30, 2026, and December 31, 2026, while the second grant vests in full on January 1, 2029. The rights to convert LTIP Units into OP Units and redeem OP Units do not have expiration dates.
Clipper Realty Inc. director Roberto Angelo Verrone received a grant of 7,961 Long Term Incentive Plan Units (LTIP Units) of Clipper Realty L.P., a subsidiary partnership. Following this award, he holds 18,981 derivative LTIP Units directly.
The LTIP Units will vest in four equal 25% installments on March 31, 2026, June 30, 2026, September 30, 2026 and December 31, 2026. Once vested, each LTIP Unit can be converted into one OP Unit, which may be redeemed for cash equal to the Company’s common stock price or, at the Company’s election, one share of common stock.
Clipper Realty Inc. director Robert Jay Ivanhoe reported receiving a grant of 7,961 Long Term Incentive Plan (LTIP) units of Clipper Realty L.P. on February 26, 2026. These LTIP units were awarded at no cash cost and increase his directly held derivative position to 34,960 units.
The LTIP units vest in four equal 25% installments on March 31, 2026, June 30, 2026, September 30, 2026, and December 31, 2026. Once vested, each LTIP unit can be converted into one OP Unit, which may be redeemed for cash equal to the price of one common share or, at the company’s election, one share of common stock. The conversion and redemption rights do not have expiration dates.
Clipper Realty Inc. director Richard N. Burger received a grant of 7,961 Long Term Incentive Plan units (LTIP Units) on February 26, 2026 at a price of $0.00 per unit. Following this award, he holds 33,293 LTIP Units directly.
The LTIP Units are a class of units in Clipper Realty L.P., the company’s operating partnership. After they vest, each LTIP Unit can be converted into one operating partnership (OP) unit, and each OP unit can be redeemed for cash equal to the market price of one Clipper Realty common share or, at the company’s election, one share of common stock.
The grant vests in four equal installments of 25% each on March 31, 2026, June 30, 2026, September 30, 2026, and December 31, 2026. This structure ties the director’s potential future ownership more closely to the company’s long-term performance and unit price.