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.
News for Clipper Realty Inc. (NYSE: CLPR) centers on its activities as an owner and operator of multifamily residential and commercial properties in the New York metropolitan area. The company’s releases emphasize its portfolio in Manhattan and Brooklyn and provide regular updates on property performance, leasing trends and capital decisions.
Investors following CLPR news will see recurring coverage of quarterly and annual financial results, including residential and commercial rental income, income from operations, net loss, and non-GAAP measures such as NOI, FFO and AFFO. The company’s earnings announcements often discuss occupancy, rent growth on new and renewal leases and the relative contribution of residential and commercial segments.
Another key theme in Clipper Realty’s news flow is property-level developments. Recent releases have described the sale of the 10 West 65th Street property, the completion and lease-up of the Dean Street (Prospect House) residential development, and ongoing work at Flatbush Gardens under an Article 11 agreement with New York City. Updates also cover commercial leases with New York City agencies at 250 Livingston Street and 141 Livingston Street.
News items frequently highlight financing and refinancing transactions, such as bridge loans for development projects and mortgage loans secured by specific properties like 1010 Pacific Street. Dividend declarations and tax information for distributions are also regular topics.
By monitoring this page, readers can review Clipper Realty’s historical press releases on earnings, dividends, property transactions, lease activity and financing events, all of which help illustrate how the company manages its New York-focused real estate portfolio over time.
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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