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.
Clipper Realty Inc. (NYSE: CLPR) is a New York-focused real estate investment trust specializing in multifamily residential and commercial properties. This page provides investors and stakeholders with timely updates on CLPR's strategic initiatives, financial performance, and market activities in Manhattan and Brooklyn.
Key resources include press releases detailing property acquisitions, earnings reports, management updates, and operational milestones. Users gain a centralized view of CLPR's efforts to reposition assets and capitalize on NYC's dynamic real estate demand.
Explore updates across residential portfolio expansions, commercial leasing activity, and financial disclosures. Content is curated to help track the company's progress in enhancing property values through targeted renovations and operational improvements.
Bookmark this page for direct access to CLPR's official announcements and analysis of its unique position in one of the world's most competitive urban real estate markets.
Clipper Realty (NYSE: CLPR), a real estate company focused on multifamily residential and commercial properties in the New York metropolitan area, has released information regarding the Federal income tax treatment of its 2024 dividend distributions to common stockholders. The company advises shareholders to seek guidance from their tax advisors regarding the specific tax implications of these 2024 dividends.
Clipper Realty Inc. (NYSE: CLPR) reported its Q4 2024 financial results, achieving record quarterly revenues of $38.0 million, up 9.1% from Q4 2023. The company posted a quarterly net loss of $1.1 million ($0.05 per share), improving from a $2.9 million loss in Q4 2023.
Residential revenue increased by 11.6% due to higher rental rates and occupancy across properties. The company achieved record NOI of $22.5 million and AFFO of $8.1 million ($0.19 per share). New leases exceeded previous rents by nearly 10% and renewals by 6%.
The company declared a quarterly dividend of $0.095 per share, payable April 3, 2025. Notes payable increased to $1,275.4 million, primarily due to draws on Dean Street development construction loan. The Dean Street development is progressing ahead of schedule for completion in early 2025.
Clipper Realty (NYSE: CLPR), a New York metropolitan area property owner and operator, has scheduled its fourth quarter 2024 financial results announcement. The company will release its results after market close on Friday, February 14, 2025.
A conference call to discuss the results and provide a business update is scheduled for Tuesday, February 18 at 5:00 PM ET. Investors can access the call using the following dial-in numbers: (800) 346-7359 or (973) 528-0008, with conference code 225351. A replay will be available from February 18 through March 4, 2025, accessible at (800) 332-6854 or (973) 528-0005, using replay ID 225351.
Clipper Realty reported record quarterly revenues of $37.6 million for Q3 2024, a 6.8% increase year-over-year. The company achieved record NOI of $21.8 million and AFFO of $7.8 million. Residential revenue grew 9.2% driven by higher rental rates and occupancy. The company reported a net loss of $1.1 million, improving from a $2.3 million loss in Q3 2023. New leases exceeded previous rents by nearly 10% and renewals by 6%. The company declared a quarterly dividend of $0.095 per share. Notes payable increased to $1,267.8 million due to construction loan draws for Dean Street development.
Clipper Realty Inc. (NYSE: CLPR), a company that owns and operates multifamily residential and commercial properties in the New York metropolitan area, has announced its plans to release financial results for the third quarter of 2024. The results, covering the period ended September 30, 2024, will be made public after the market closes on Thursday, October 31, 2024.
Following the release, the company will host a conference call at 5:00 PM (ET) on the same day to discuss the financial results and provide a business update. Interested parties can access the call by dialing (800) 346-7359 or (973) 528-0008, using the conference entry code 308211. For those unable to attend the live call, a replay will be available from October 31, 2024, through November 14, 2024, by dialing (800) 332-6854 or (973) 528-0005, using the replay conference ID 308211.
Clipper Realty Inc. (NYSE: CLPR) reported its Q2 2024 financial results, highlighting record quarterly revenues of $37.3 million, up 8.3% year-over-year. The company achieved record NOI of $21.1 million and record AFFO of $7.1 million. Despite these improvements, CLPR reported a net loss of $1.7 million, or $0.06 per share, compared to a net loss of $3.3 million in Q2 2023. Residential revenue increased by 11.8%, driven by higher rental rates and occupancy. The company declared a dividend of $0.095 per share for Q2 2024. CLPR is actively seeking solutions for its 250 Livingston Street property, as New York City plans to vacate in August 2025. The company is also considering recycling some properties, including 10W 65th Street, to maximize performance and improve cash flow.
Clipper Realty Inc. (NYSE: CLPR), a New York metropolitan area real estate company, has announced its schedule for releasing second quarter 2024 financial results. The company will disclose its financial performance for the quarter ending June 30, 2024, after market close on Thursday, August 1, 2024. Following the release, Clipper Realty will host a conference call at 5:00 PM (ET) on the same day to discuss the results and provide a business update. Investors and interested parties can access the call by dialing (800) 346-7359 or (973) 528-0008, using the conference entry code 151415. For those unable to attend the live call, a replay will be available from August 1 to August 15, 2024, accessible by dialing (800) 332-6854 or (973) 528-0005, with the replay conference ID 151415.
Clipper Realty Inc. announces first quarter 2024 results, with record revenues of $35.8 million. The company saw growth in income from operations, NOI, and AFFO, despite a quarterly net loss of $2.7 million. Residential revenue increased by 9.0%, driven by higher rental rates, while commercial income decreased by 0.9% due to lease expirations. The company declared a dividend of $0.095 per share. The balance sheet showed an increase in notes payable to $1,239.0 million. Clipper Realty Inc. will host a conference call to discuss the results on May 7, 2024.
