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.
The SEC filings for Clipper Realty Inc. (NYSE: CLPR) provide detailed insight into its operations as a self-administered and self-managed real estate company focused on multifamily residential and commercial properties in the New York metropolitan area. Through annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, the company discloses information about its properties, segment results, financing arrangements and governance.
In these filings, Clipper Realty presents residential and commercial rental income, property operating expenses, real estate taxes and insurance, general and administrative costs, depreciation and amortization, and net income or loss. The company also reconciles non-GAAP measures such as NOI, FFO and AFFO to the most comparable GAAP metrics, explaining how these measures are used to evaluate property performance and cash generation.
Current reports on Form 8-K highlight material events affecting specific properties and loans. Examples include loan agreements and modifications secured by 141 Livingston Street, events of default and potential foreclosure actions related to 250 Livingston Street, and a refinancing secured by the 1010 Pacific Street residential property. These filings describe principal amounts, interest rates, maturities, guarantees and key covenants or events of default.
Other filings cover stockholder and governance matters, such as the results of the Annual Meeting of Stockholders and the approval of equity incentive plans. Together, these documents give a structured view of Clipper Realty’s capital structure, property-level financing, lease arrangements with tenants such as New York City agencies and the company’s approach to compensation and oversight.
On this page, users can access Clipper Realty’s SEC reports as they are posted to EDGAR and use AI-powered summaries to quickly understand complex documents, including 10-K and 10-Q disclosures, 8-K event descriptions and any reported debt or lease modifications.
Clipper Realty Inc. reported that Co-Chairman and CEO David Bistricer acquired long term incentive plan units through two equity awards. On February 24, 2026, he was granted 91,964 LTIP Units and an additional 164,003 LTIP Units at no cash cost.
The LTIP Units are issued by Clipper Realty L.P., the operating partnership. Upon vesting, each LTIP Unit can be converted into one operating partnership unit, which may then be redeemed for cash equal to the price of one common share or, at the company’s election, one share of common stock. One award vests in full on January 1, 2027 and the other on January 1, 2029, and the related conversion and redemption rights do not have expiration dates.
Clipper Realty Inc. reported weaker results for the fourth quarter of 2025. Revenue was $37.1 million versus $38.0 million a year earlier, as strong residential growth could not offset sharply lower office income.
Residential rental revenue rose to $30.9 million from $28.2 million on higher rents and occupancy, including contributions from the new Prospect House property. Commercial revenue fell to $6.2 million from $9.8 million after New York City terminated its lease at the 250 Livingston Street office property.
Income from operations declined to $8.1 million from $10.7 million, while net loss widened to $11.3 million, or $0.30 per share, from $1.1 million, or $0.05 per share. Adjusted funds from operations dropped to $1.7 million from $8.1 million. The company declared a quarterly dividend of $0.095 per share.
Clipper Realty Inc. reports on a highly concentrated New York City multifamily and commercial portfolio, with all eight income‑producing properties in Manhattan and Brooklyn as of December 31, 2025. Revenue is heavily weighted to residential rents, which contributed approximately 78% in 2025.
The company faces major tenant and financing pressures. Two large office leases with agencies of the City of New York, which contributed approximately 18% of total revenues in 2025 and 22% in 2024, terminated or expired in August and December 2025. Clipper has not replaced the City at 250 Livingston Street and is only on a holdover basis at 141 Livingston Street while a five‑year extension is being finalized, with no assurance of completion.
At 250 Livingston Street, a $125 million mortgage is in default, with the lender pursuing remedies including potential foreclosure after missed payments and cash‑management disputes. At 141 Livingston Street, the company resolved prior foreclosure litigation through a December 2025 loan modification that required a $10 million renewal tenant reserve letter of credit and approximately $2.2 million of fees, in exchange for dismissal of actions and approval of the five‑year lease extension.
Clipper also sold 10 West 65th Street on May 30, 2025, for gross proceeds of $45,500, recording $1,900 of closing costs, $800 of accrued interest paid at closing, a $31,200 mortgage repayment, a $33,780 impairment loss and an $857 disposal loss. As of December 31, 2025, total property‑level debt was $1,286.2 million and continuing investors held 26,317,396 Class B LLC units, representing 62.1% of the company’s common stock on a fully diluted basis.
Clipper Realty Inc. reports that its subsidiary 141 Livingston Owner LLC has modified the $100.0 million loan secured by its 141 Livingston Street property and settled related litigation. Under a Loan Modification Agreement effective December 30, 2025, the borrower provided a $10 million renewal tenant reserve account letter of credit and paid approximately $2.2 million in fees to the special servicer and lender’s counsel. In return, the lender waived claimed late charges and default interest, agreed to dismiss with prejudice pending foreclosure actions, and approved a previously submitted five-year lease extension with the property’s New York City tenant effective December 28, 2025.
Clipper Realty Inc. (CLPR) reported insider share purchases by a reporting person who is both a director and 10% owner. On December 29–31, 2025, the insider completed several "P"-coded transactions in the company’s common stock, buying blocks such as 22,599 shares, 10,895 shares, 19,558 shares and 2,793 shares at weighted average prices around $3.70–$3.79 per share, with detailed price ranges noted in footnotes.
Following these transactions, the insider held common stock both directly and through various indirect vehicles, including profit-sharing plans and entities such as Trapeze Inc., Trapeze D Holdings LLC and ECL Holdings LLC. The filing also lists substantial holdings of a separate class of Special Voting Stock, which provides one vote per share but no right to distributions, and is tied to Class B LLC Units that can be exchanged together with this voting stock for cash equal to the fair market value of, or one share of, common stock.
Clipper Realty Inc. reports that its subsidiary 250 Livingston Owner LLC has been declared in default on a $125.0 million loan secured by the 250 Livingston Street property in Brooklyn. The special servicer for the loan’s trust notified the borrower that it failed to pay all amounts due and may face actions including foreclosure or reconveyance of the collateral. The company believes it owed about $3.4 million in interest and default interest as of December 22, 2025.
The company is negotiating a Consent and Cooperation Agreement with the lender related to a potential sale of the 250 Livingston property, though there is no assurance a deal will be completed. Separately, for the 141 Livingston Street property, Clipper Realty anticipates an agreement under which it would provide a $10 million letter of credit and pay fees up to $3 million, while the lender could waive claimed penalties and default interest, dismiss foreclosure actions with prejudice, and approve a five-year lease extension with the main New York City tenant effective December 28, 2025. This agreement is also not assured.
Clipper Realty Inc. reported Q3 2025 results showing steady revenue but a wider loss. Total revenues were $37,698, with residential rental income of $29,773 and commercial rental income of $7,925. Interest expense rose to $13,320, and the quarter’s net loss was $4,607; loss attributable to common stockholders was $1,751 (basic and diluted loss per share $0.14).
Year to date, revenues reached $116,132, and the net loss was $41,066, driven in part by a $33,780 impairment recorded in Q1. The company sold 10 West 65th Street for $45,500, repaid a $31,200 mortgage, and recognized disposal losses of $172 in Q3 and $857 year to date. Cash and restricted cash ended the period at $56,645, with operating cash flow of $16,464.
Debt activity was significant: the 1010 Pacific Street property was refinanced on October 1 with a new $84,500 loan at 5.73% maturing in 2030, retiring the prior Valley loan and producing net proceeds of about $2,100. The company detailed default notices and ongoing negotiations at 250 Livingston Street and litigation around reserve and lease matters at 141 Livingston Street. Total liabilities were $1,303,806 and total equity (deficit) was $(65,840). Shares outstanding were 16,146,546 as of November 6, 2025.
Clipper Realty Inc. (CLPR) furnished a press release announcing its financial results for the quarterly period ended September 30, 2025. The press release is included as Exhibit 99.1 to this Form 8‑K under Item 2.02.
The company states that the information provided under Item 2.02 and Exhibit 99.1 is furnished, not filed, and is not subject to Section 18 liability nor incorporated into other filings unless specifically referenced.
Clipper Realty Inc. subsidiary 1010 Pacific Owner LLC refinanced the residential rental property at 1010 Pacific Street, Brooklyn, NY with a new $84.5M loan that matures on October 6, 2030 and carries an interest rate of 5.73% per annum. The new loan replaces two prior mortgage notes totaling $80.0M that matured on September 15, 2025; those notes had rates of 5.55% and 6.37%.
The company repaid approximately $80.4M in principal and accrued interest to the prior lender and incurred about $1.7M in closing costs and prepaid interest, plus roughly $0.2M placed in escrow for taxes, insurance, and rent reserves. At closing the refinancing produced net proceeds of approximately $2.1M. The loan includes customary representations, covenants, and default events and is secured by the Property.
David Bistricer, Co-Chairman and CEO of Clipper Realty Inc. (CLPR), reported an insider purchase of common stock totaling 8,174 shares on 08/21/2025 at a weighted average price of $4.01 per share (price range $3.96–$4.02). After the purchase, Mr. Bistricer directly held 8,174 shares and reported substantial indirect holdings across trusts and entities, including 106,666 shares via the Morgan Capital Retirement Trust and a combined >900,000 shares held indirectly through family trusts and related vehicles. He also holds 4,278,058 shares of Special Voting Stock, which grants one vote per share but does not share in distributions.