Clipper Realty Inc. (CLPR) Q3 FFO Beat Estimates

Core Insights - Clipper Realty Inc. (CLPR) reported quarterly funds from operations (FFO) of $0.13 per share, exceeding the Zacks Consensus Estimate of $0.10 per share, but down from $0.18 per share a year ago, indicating a FFO surprise of +30.00% [1] - The company posted revenues of $37.7 million for the quarter ended September 2025, slightly missing the Zacks Consensus Estimate by 0.53%, and showing a marginal increase from $37.62 million year-over-year [2] - Clipper Realty has consistently surpassed consensus FFO estimates over the last four quarters, but has not been able to beat revenue estimates during the same period [2] Financial Performance - The FFO for the previous quarter was $0.20 per share, which was a surprise of +33.33% compared to the expected $0.15 per share [1] - The current consensus FFO estimate for the upcoming quarter is $0.10 on revenues of $36.2 million, and for the current fiscal year, it is $0.55 on revenues of $152.5 million [7] Market Position - Clipper Realty shares have underperformed the market, losing about 18.8% since the beginning of the year, while the S&P 500 has gained 16.5% [3] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the top 27% of over 250 Zacks industries, indicating a favorable industry outlook [8] Future Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and the trends in estimate revisions [3][4] - The estimate revisions trend for Clipper Realty was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market [6]