Clipper Realty Inc. (CLPR) Tops Q2 FFO and Revenue Estimates

Clipper Realty Inc. (CLPR) came out with quarterly funds from operations (FFO) of $0.17 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to FFO of $0.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 70%. A quarter ago, it was expected that this company would post FFO of $0.08 per share when it actually produced FFO of $0.14, delivering a surprise of 75%. Over the last four quarters, the company h ...