Who's Buying These Higher-Risk Small Cap REITs?
Clipper Realty(CLPR) Seeking Alpha·2024-07-20 11:00
Land and improvements Given the size of the company and the amount of leverage it employs there is elevated risk with CLPR, however, investors are well compensated for the risk with a AFFO yield of 13.02% and a dividend yield of 9.34%. 89,483 CLPR - IR The company's debt metrics are concerning to me, with a 2023 net debt to EBITDA of 18.84x and an EBITDA to interest expense ratio of 1.40x. While these metrics indicate a high level of debt compared to the company's carnings, it appears that CLPR has been ope ...