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. (symbol: CLPR) is a self-administered and self-managed real estate company specializing in the acquisition, ownership, management, operation, and repositioning of multifamily residential and commercial properties in the New York metropolitan area. The company boasts a diverse portfolio located in key areas such as Manhattan and Brooklyn, making it a significant player in the New York real estate market.
Clipper Realty is divided into two main reporting segments: Residential Rental Properties and Commercial Rental Properties. The majority of the company's revenue is generated from its Residential segment, which includes a wide range of multifamily units catering to various income levels. The Commercial segment, although smaller, still plays an essential role in the company's overall strategy and revenue generation.
Recent achievements by Clipper Realty include the successful repositioning of several properties to increase rental income and property value. The company is also involved in several ongoing projects aimed at expanding its portfolio and enhancing property management efficiency. Financially, Clipper Realty maintains a strong balance sheet, supported by stable rental income and strategic property acquisitions.
Additionally, Clipper Realty places a significant emphasis on maintaining and upgrading its properties to meet market demands and regulatory standards, ensuring tenant satisfaction and long-term profitability. With its focused approach on key metropolitan areas, the company aims to leverage the high demand for quality residential and commercial spaces in New York City.
Through strategic partnerships and a well-diversified portfolio, Clipper Realty Inc. continues to solidify its position as a leading real estate company in the competitive New York market.
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.
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