Clipper Realty(CLPR)
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Clipper Realty outlines continued record residential rent growth and 60% lease-up of Prospect House while navigating office lease transitions (NYSE:CLPR)
Seeking Alpha· 2025-11-13 23:32
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Clipper Realty Inc. (CLPR) Q3 2025 Earnings Call Prepared Remarks Transcript
Seeking Alpha· 2025-11-13 23:31
Core Viewpoint - Clipper Realty Inc. held its Q3 2025 earnings call, discussing financial performance and future outlook [2][5]. Financial Performance - The call included discussions on non-GAAP financial measures such as adjusted funds from operations (AFFO), adjusted EBITDA, and net operating income (NOI) [4]. Management Participation - Key management figures participating in the call included David Bistricer (Co-Chairman and CEO), J.J. Bistricer (COO), and Larry Kreider (CFO) [2][5].
Clipper Realty Inc. (CLPR) Q3 FFO Beat Estimates
ZACKS· 2025-11-13 23:11
Clipper Realty Inc. (CLPR) came out with quarterly funds from operations (FFO) of $0.13 per share, beating the Zacks Consensus Estimate of $0.1 per share. This compares to FFO of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +30.00%. A quarter ago, it was expected that this company would post FFO of $0.15 per share when it actually produced FFO of $0.2, delivering a surprise of +33.33%.Over the last four quarters, the compa ...
Clipper Realty(CLPR) - 2025 Q3 - Earnings Call Transcript
2025-11-13 23:00
Financial Data and Key Metrics Changes - For Q3 2025, the company reported flat revenues of $37.7 million compared to $37.6 million in the previous year, with a decrease in NOI from $21.8 million to $20.8 million and a decline in AFFO from $7.8 million to $5.6 million [10][11][12] Business Line Data and Key Metrics Changes - Residential properties are performing well, with overall occupancy at 99% and new rental rates exceeding previous rents by over 14% [4][7] - The newly completed Prospect House is currently 60% leased with pre-market rents at $88 per sq ft [5][8] - The Clover House property achieved 100% occupancy with average rents at $88 per sq ft and new leases at $95 per sq ft [7][8] Market Data and Key Metrics Changes - The overall collection rate for residential properties was approximately 95%, with Clover Gardens at 92% [9] - The demand for residential leasing is expected to remain strong due to constrained rental housing supply in New York City [7] Company Strategy and Development Direction - The company is focused on optimizing capacity, pricing, and expenses to position itself for growth [9] - Future plans include full lease-up of Prospect House and finalizing negotiations for properties at 141 and 250 Livingston [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong performance of residential properties and anticipated continued high demand for rentals [4][7] - The company is actively working to bring office properties back to a cash flow position [5] Other Important Information - The company announced a dividend of $0.095 per share for Q3 2025, consistent with the previous quarter [14] - The balance sheet shows $26.1 million in unrestricted cash and $30.6 million in restricted cash, with 88% of operating debt fixed at an average rate of 3.87% [13] Q&A Session Summary - There were no questions from participants during the Q&A session [17]
Clipper Realty(CLPR) - 2025 Q3 - Quarterly Report
2025-11-13 22:36
(Exact name of Registrant as specified in its charter) 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 September 30, 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. Maryland 47-4579660 (State or other jurisdiction of i ...
Clipper Realty(CLPR) - 2025 Q3 - Quarterly Results
2025-11-13 21:01
Exhibit 99.1 Clipper Realty Inc. Announces Third Quarter 2025 Results NEW YORK, November 13, 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 September 30, 2025. Highlights for the Three Months Ended September 30, 2025 David Bistricer, Co-Chairman, and Chief Executive Officer, commented, "For t ...
Clipper Realty Inc. Announces Third Quarter 2025 Results
Businesswire· 2025-11-13 21:01
Highlights for the Three Months Ended September 30, 2025 David Bistricer, Co-Chairman, and Chief Executive Officer, commented, "For the quarter, the Company's residential properties continued to have high occupancy and strong renter demand and we brought online our new Prospect House property at 953 Dean Street in Brooklyn, NY. For all our properties, new leases exceeded previous rents by nearly 14% and renewals by over 6%. At our Flatbush Gardens property, we continue to achieve high rental recoveries from ...
Clipper Realty Inc. to Report Third Quarter 2025 Financial Results
Businesswire· 2025-11-06 16:45
NEW YORK--(BUSINESS WIRE)--Clipper Realty Inc. (NYSE: CLPR) (the "Company†), an owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced that it will release financial results for the quarter ended September 30, 2025, after the market closes on Thursday, November 13, 2025. The Company will host a conference call that same day at 5:00 PM (ET) to discuss the financial results and provide a business update. The conference call can b. ...
2 REITs To Buy Before September 17th
Seeking Alpha· 2025-08-24 12:15
Group 1 - The Federal Reserve Chair, Jerome Powell, indicated in his speech that interest rates are likely to be cut soon [1] - The speech took place at the Federal Reserve's annual symposium in Jackson Hole, which is a significant event for economic policy discussions [1] Group 2 - The company invests substantial resources, over $100,000 annually, into researching profitable investment opportunities [2] - The approach has garnered over 500 five-star reviews from members who have benefited from the strategies provided [2]
Clipper Realty: Undervalued With A Dividend Yield That's Fully Covered By AFFO
Seeking Alpha· 2025-08-13 02:09
Core Viewpoint - Clipper Realty (NYSE: CLPR) is viewed positively due to its secure dividend and attractive valuation relative to its portfolio of high-quality multifamily properties in New York, despite a year-to-date decline in stock price [1]. Group 1: Company Analysis - Clipper Realty's stock price has dipped year-to-date, yet the company maintains a bullish outlook due to its secure dividend and deeply discounted valuation [1]. - The company is part of a broader strategy by Pacifica Yield, which focuses on long-term wealth creation through investments in undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1].