Clipper Realty Inc. (CLPR) Q1 FFO and Revenues Beat Estimates

Clipper Realty Inc. (CLPR) came out with quarterly funds from operations (FFO) of $0.14 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to FFO of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 75%. A quarter ago, it was expected that this company would post FFO of $0.16 per share when it actually produced FFO of $0.15, delivering a surprise of -6.25%.Over the last four quarters, the company ...