Workflow
Clipper Realty(CLPR)
icon
Search documents
Clipper Realty: 141 Livingston Renewal, 9.8% Yield, Multifamily Rent Growth
Seeking Alpha· 2025-05-30 21:53
Group 1 - Clipper Realty Inc. (NYSE: CLPR) is currently trading at its lowest valuation ever, indicating a potential investment opportunity [1] - The company reported dual beats on its fiscal 2025 first quarter earnings, suggesting strong financial performance [1] - The equity market's daily price fluctuations can lead to significant long-term wealth creation or destruction, highlighting the importance of market dynamics [1] Group 2 - Pacifica Yield focuses on long-term wealth creation by investing in undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]
Clipper Realty: Attractively Valued Despite Property-Specific Headwinds
Seeking Alpha· 2025-05-14 13:08
Shares of Clipper Realty Inc. (NYSE: CLPR ) have been a solid performer over the past twelve months, gaining 4% while paying a solid dividend. However, there has been substantial volatility over the year, with shares losing over one-third ofOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me k ...
Clipper Realty Inc. (CLPR) Beats Q1 FFO Estimates
ZACKS· 2025-05-12 22:10
Group 1 - Clipper Realty Inc. reported quarterly funds from operations (FFO) of $0.19 per share, exceeding the Zacks Consensus Estimate of $0.16 per share, and up from $0.14 per share a year ago, representing an FFO surprise of 18.75% [1] - The company posted revenues of $39.4 million for the quarter ended March 2025, which missed the Zacks Consensus Estimate by 2.48%, compared to year-ago revenues of $35.76 million [2] - Clipper Realty has surpassed consensus FFO estimates in all four of the last quarters, while it has only topped consensus revenue estimates once in the same period [2] Group 2 - The stock has underperformed the market, losing about 12.5% since the beginning of the year, compared to the S&P 500's decline of 3.8% [3] - The current consensus FFO estimate for the coming quarter is $0.13 on revenues of $41.9 million, and for the current fiscal year, it is $0.47 on revenues of $162.6 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the bottom 41% of over 250 Zacks industries, indicating potential challenges for the sector [8]
Clipper Realty(CLPR) - 2025 Q1 - Earnings Call Transcript
2025-05-12 22:02
Clipper Realty (CLPR) Q1 2025 Earnings Call May 12, 2025 05:00 PM ET Company Participants Lawrence Sava - Corporate ControllerDavid Bistricer - Co-Chairman & CEOJJ Bistricer - Chief Operating OfficerLawrence Kreider - CFOBuck Horne - Managing Director Operator Good afternoon, and welcome to today's Clipper Realty Q1 Earnings Call. At this time, all participants have been placed on a listen only mode, and we will open the floor for your questions and comments after the presentation. It is now my pleasure to ...
Clipper Realty(CLPR) - 2025 Q1 - Earnings Call Transcript
2025-05-12 22:00
Clipper Realty (CLPR) Q1 2025 Earnings Call May 12, 2025 05:00 PM ET Speaker0 Good afternoon, and welcome to today's Clipper Realty Q1 Earnings Call. At this time, all participants have been placed on a listen only mode, and we will open the floor for your questions and comments after the presentation. It is now my pleasure to turn the floor over to your host, Lawrence Saba. Lawrence, the floor is yours. Speaker1 Good afternoon, and thank you for joining us for the first quarter twenty twenty five Clipper R ...
Clipper Realty(CLPR) - 2025 Q1 - Quarterly Report
2025-05-12 20:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38010 CLIPPER REALTY INC. (Exact name of Registrant as specified in its charter) Maryland 47-4579660 (State or other jurisdiction of incor ...
Clipper Realty(CLPR) - 2025 Q1 - Quarterly Results
2025-05-12 20:02
Clipper Realty Inc. Announces First Quarter 2025 Results NEW YORK, May 12, 2025 /Business Wire/ -- Clipper Realty Inc. (NYSE: CLPR) (the "Company"), a leading owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced financial and operating results for the three months ended March 31, 2025. Highlights for the Three Months Ended March 31, 2025 David Bistricer, Co-Chairman, and Chief Executive Officer, commented, "The Company continued to grow r ...
KBW Announces Index Rebalancing for First-Quarter 2025
Newsfilter· 2025-03-15 00:30
Core Insights - Keefe, Bruyette & Woods, Inc. announces index rebalancing for Q1 2025, specifically affecting the KBW Nasdaq Premium Yield Equity REIT Index [1][2] Index Changes - The rebalancing will take effect before the market opens on March 24, 2025 [2] - Two companies will be dropped from the KBW Nasdaq Premium Yield Equity REIT Index: Clipper Realty, Inc. (NYSE:CLPR) and NexPoint Diversified Real Estate Trust (NYSE:NXDT) [2] Index Information - Several KBW Nasdaq indexes have tradable exchange-traded funds (ETFs) licensed, including the KBW Nasdaq Bank Index, KBW Nasdaq Capital Markets Index, and others [2] - The KBW Nasdaq Premium Yield Equity REIT Index is identified by the ticker KYX, with its corresponding ETF ticker being KBWY [2] Company Background - KBW is a leading independent authority in various financial sectors, including banking, insurance, and asset management, and has been operational since 1962 [4]
Clipper Realty(CLPR) - 2024 Q4 - Earnings Call Transcript
2025-02-19 02:13
Financial Data and Key Metrics Changes - The company reported record quarterly revenue of $38 million, an increase of $3.1 million or 9.1% from $34.9 million last year [26] - Net Operating Income (NOI) increased to $22.5 million, up $2.5 million or 12.5% from $20 million last year [26] - Adjusted Funds from Operations (AFFO) rose to $8.1 million, an increase of $1.8 million or 29% from $6.3 million [26] Business Line Data and Key Metrics Changes - Residential revenue increased to $28.2 million, up $2.9 million due to strong leasing across all properties [26] - New leases exceeded prior rents by over 7% across the entire portfolio, with specific properties like Tribeca House and Clover House achieving new rents of $90 and $94 per foot respectively [9][18] - The occupancy rate for residential properties was reported at 99% at the end of Q4 [17] Market Data and Key Metrics Changes - The overall collection rate for residential properties was 97% in Q4, with Flatbush Gardens experiencing a decrease to 88% and 92% in the last two quarters [22][23] - Average rents for Flatbush Gardens rose to $30 per square foot, up from $26.69 at the end of the previous year [22] Company Strategy and Development Direction - The company is focused on optimizing occupancy, pricing, and expenses while completing development projects and implementing the Article 11 transaction [24] - Plans include the opening of the 953 Dean Street development and finalizing the lease at 141 Livingston [32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued strong leasing demand due to constrained rental housing supply [17] - The company believes that the high interest rate environment may increase tenant demand for rental products [14] Other Important Information - The company has $19.9 million of unrestricted cash and $18.2 million of restricted cash [29] - A dividend of $0.095 per share was announced for the fourth quarter, consistent with the previous quarter [30] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded without any inquiries from participants [33][35]
Clipper Realty: Remarkable Q4 Reignites Bull Case, 9.3% Dividend Yield A Strong Buy
Seeking Alpha· 2025-02-17 18:33
Summary of Key Points Core Viewpoint - Clipper Realty Inc. (NYSE: CLPR) has declared a quarterly cash dividend of $0.0950 per share, maintaining the same level as the previous distribution, resulting in an annualized dividend of $0.38 per share, which corresponds to a 9.3% dividend yield. This yield has seen a significant increase since the beginning of the year [1]. Company Specifics - The recent dividend declaration reflects the company's commitment to returning value to shareholders while maintaining a stable dividend policy [1]. - The focus on high-dividend tickers and REITs indicates a strategic positioning towards income-generating investments, appealing to income-focused investors [1]. Market Context - The equity market is characterized by daily price fluctuations that can lead to substantial wealth creation or destruction over the long term, highlighting the importance of strategic investment choices [1]. - Pacifica Yield's investment strategy emphasizes long-term wealth creation through investments in undervalued, high-growth companies, which aligns with current market trends favoring such assets [1].