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 Inc. (NYSE: CLPR) reported record quarterly revenues of $32.8 million for Q3 2022, an increase of 7.2% from Q3 2021. The company posted a net loss of $2.8 million and adjusted funds from operations (AFFO) of $5.0 million, up from $4.1 million YoY. Occupancy rates reached 99.1%, with a collection rate of 95.5%. The company declared a dividend of $0.095 per share. Clipper Realty maintains a robust liquidity position with $35.5 million in cash and fixed-rate debt maturing no earlier than 2027.
Clipper Realty Inc. (NYSE: CLPR) will release its financial results for the quarter ending September 30, 2022, on November 9, 2022, after market close. A conference call to discuss these results will take place at 5:00 PM ET the same day. The call can be accessed at (800) 346-7359 or (973) 528-0008, using entry code 976956. Replay options will be available from November 9 to November 23, 2022. Clipper Realty focuses on acquiring and managing multifamily and commercial properties in the New York metropolitan area, particularly in Manhattan and Brooklyn.
Clipper Realty Inc. (NYSE: CLPR) has appointed PKF O’Connor Davies, LLP as its new independent registered public accounting firm for the fiscal year ending December 31, 2022, replacing BDO USA, LLP. This change was driven by the Audit Committee's goal to reduce audit service costs. Notably, there were no disagreements with BDO before this transition. Clipper Realty focuses on acquiring, managing, and repositioning residential and commercial properties in the New York metropolitan area, particularly in Manhattan and Brooklyn.
Clipper Realty Inc. (NYSE: CLPR) reported near record revenues of $31.9 million for Q2 2022, a 4% increase compared to Q2 2021. However, the company recorded a net loss of $3.0 million. The income from operations stood at $7.1 million, with an adjusted funds from operations (AFFO) of $5.1 million. The rental properties maintained a high occupancy rate of 98%, with a rent collection rate of 97.3%. The company declared a quarterly dividend of $0.095 per share and reported strong liquidity with $44 million in cash. The next conference call is scheduled for August 9, 2022.
Clipper Realty Inc. (NYSE: CLPR) announced it will release financial results for the quarter ended June 30, 2022, after market close on August 9, 2022. A conference call will follow at 5:00 PM ET to discuss these results and provide a business update. Investors can access the call by dialing (800) 346-7359 or (973) 528-0008 with the code 585368. A replay will be available until August 23, 2022. Clipper Realty is focused on acquiring, managing, and repositioning multifamily residential and commercial properties in the New York metropolitan area.
Clipper Realty Inc. (NYSE: CLPR) reported strong financial results for Q1 2022, achieving record revenues of $32.1 million, a 4.6% increase from Q1 2021. The company reported a net loss of $3.5 million for the quarter, an improvement from $7.1 million last year. Adjusted funds from operations (AFFO) reached $4.4 million, up from $3.1 million in Q1 2021. The company declared a dividend of $0.095 per share, maintaining the previous quarter's level. With properties 96% leased and a first-quarter rent collection rate of 96.5%, Clipper Realty demonstrates a positive outlook amidst the pandemic recovery.
Clipper Realty Inc. (NYSE: CLPR) will report its financial results for Q1 2022 on May 10, 2022, after market close. A conference call to discuss these results and provide a business update will follow at 5:30 PM ET. Interested parties can access the call via a dedicated phone line. The Company specializes in managing multifamily residential and commercial properties in the New York metropolitan area, with a focus on Manhattan and Brooklyn.
Clipper Realty Inc. (NYSE: CLPR) reported Q4 2021 financial results with revenues of $30.8 million, up 1.6% from Q4 2020. The net operating income was $16.4 million, but the company faced a net loss of $6.2 million due to a $2.7 million litigation settlement. The affordable funds from operations (AFFO) increased to $4.4 million, reflecting improved occupancy rates at properties, which are currently 95% leased with a rent collection rate of over 98%. A dividend of $0.095 per share was declared for the quarter.
Clipper Realty Inc. (NYSE: CLPR) announced the Federal income tax treatment of its 2021 dividends. The dividends, amounting to $0.0950 per share, will be distributed on specified payable dates following respective record dates. Shareholders are advised to consult their tax advisors regarding the tax implications of these dividends, which include ordinary, qualified, and nontaxable components, with $0.0475 classified as ordinary and nontaxable. The company operates multifamily and commercial properties in the New York metropolitan area.
Clipper Realty Inc. (NYSE: CLPR) will announce its financial results for Q4 2021 on March 15, 2022, after market close. A conference call will follow at 5:00 PM (ET) to discuss the results and provide a business update. Interested parties can join by dialing (800) 346-7359 or (973) 528-0008, using conference code 826656. A replay will be available from March 15 to March 29, 2022. Clipper Realty focuses on multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn.
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