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 its financial results for the third quarter of 2021, achieving revenues of $30.6 million, a 2.0% increase from the previous year. The company recorded a net loss of $3.4 million, slightly higher than last year's $2.9 million loss. Adjusted funds from operations (AFFO) rose to $4.1 million, up from $2.9 million in Q3 2020. The company declared a dividend of $0.095 per share. Occupancy rates sit at 94% with a rent collection rate exceeding 96%, supported by strong liquidity with $88.2 million in cash.
Clipper Realty Inc. (NYSE: CLPR) will announce its financial results for the quarter ending September 30, 2021, post-market on November 9, 2021. A conference call is scheduled for the same day at 5:00 PM ET to discuss results and provide insights on business developments. Investors can access the call via phone at (800) 346-7359 or (973) 528-0008, using conference code 664288. A replay will be available from November 9 through November 23, 2021, at (800) 332-6854 or (973) 528-0005, with the same code.
Clipper Realty Inc. (NYSE: CLPR) reported its Q2 2021 financial results, achieving revenues of $30.7 million, a 1.6% decrease year-over-year. The company incurred a net loss of $3.2 million, though this was an improvement from a $5.2 million loss in Q2 2020. Adjusted Funds from Operations (AFFO) rose to $4.1 million, up from $3.1 million in Q1 2021. The firm declared a dividend of $0.095 per share. Despite pandemic pressures, occupancy remains strong at 94%, and rent collection was at 96%. Clipper maintains a solid cash position with $98.3 million available and no debt maturities until 2027.
Clipper Realty Inc. (NYSE: CLPR) will release its financial results for the quarter ended June 30, 2021, after market close on August 9, 2021. A conference call will follow at 5:00 PM (ET) for discussion of results and business updates. The call can be accessed at (800) 346-7359 or (973) 528-0008, entry code 884595. A replay will be available until August 23, 2021. Clipper Realty specializes in acquiring and managing multifamily and commercial properties in the New York metropolitan area, with significant holdings in Manhattan and Brooklyn.
Clipper Realty Inc. (NYSE: CLPR) announced its Q1 2021 results, reporting revenues of $30.7 million, down 2.1% year-over-year. The company experienced a net loss of $7.1 million, compared to a $0.4 million loss in Q1 2020, driven by decreased occupancy and increased operating expenses. Adjusted funds from operations (AFFO) were $3.1 million. The company declared a dividend of $0.095 per share for the quarter. CFO Michael Frenz will resign, with Lawrence Kreider, Jr. appointed as his successor, ensuring continuity as the company navigates post-pandemic recovery.
Clipper Realty Inc. (NYSE: CLPR) has announced that it will release its financial results for Q1 2021 on May 10, 2021, after market close. The company will host a conference call at 5:00 PM (ET) on the same day to discuss these results and provide a business update. Investors can access the call by dialing (800) 346-7359 or (973) 528-0008, with replay options available until May 24, 2021. Clipper Realty focuses on acquiring and managing multifamily residential and commercial properties in the New York metropolitan area.
Clipper Realty Inc. (NYSE: CLPR) reported Q4 2020 revenues of $30.3 million and a record annual revenue of $122.9 million. The net loss for Q4 was $3.8 million and for the year, it was $12.2 million. Despite challenges, the company announced a quarterly dividend of $0.095 per share. The portfolio occupancy stands at 95%, and a refinancing of 141 Livingston Street is expected to reduce annual debt service costs by $1.3 million. The company also noted higher property expenses affecting profitability.
Clipper Realty Inc. (NYSE: CLPR) announced it will release its financial results for Q4 and the year ending December 31, 2020, on March 16, 2021, after market close. A conference call will follow on March 17, 2021, at 11:00 AM (ET) to discuss the results and provide updates related to the COVID-19 pandemic. Investors can access the call via two phone numbers and a replay will be available until March 31, 2021. Clipper Realty focuses on acquiring, managing, and repositioning multifamily residential and commercial properties in New York.
Clipper Realty Inc. (NYSE: CLPR) announced the Federal income tax treatment of its 2020 distributions to common stock holders. Key dates include a record date of March 24, 2020, and a payment date of March 31, 2020, with a total distribution of $0.0950 per share for each of four distributions throughout 2020. The total distributions amounted to $0.3800 per share for the year. Shareholders are encouraged to consult tax advisors regarding the specific tax treatment of these distributions.
Clipper Realty Inc. (NYSE: CLPR) reported third-quarter 2020 results with revenues of $29.6 million, a 0.6% increase year-over-year. Income from operations was $6.8 million but reflected a net loss of $3.4 million for the quarter, primarily due to higher property expenses. Despite challenges from the COVID-19 pandemic resulting in lower occupancy and rental rates, the company achieved a 97% rent collection rate and maintains a liquidity position of $105 million. A dividend of $0.095 per share was declared, consistent with the previous quarter.
FAQ
What is the current stock price of Clipper Realty (CLPR)?
What is the market cap of Clipper Realty (CLPR)?
What is Clipper Realty Inc.?
Where are Clipper Realty's properties located?
What are the main business segments of Clipper Realty?
Where does Clipper Realty derive most of its revenue?
What recent achievements has Clipper Realty accomplished?
What is the company's approach to property management?
How does Clipper Realty ensure financial stability?
Does Clipper Realty engage in partnerships?
What is the significance of Clipper Realty in the New York real estate market?
What are Clipper Realty's future plans?
