Clipper Realty Inc.CLPR

NYSEReal EstateReal Estate Investment Trusts
Price (close)
$3.32
Market cap
$53.6M
P/E
—
Revenue (TTM)
$151.5M
Net income
-$12.7M
Dividend yield
11.45%
1-year total return
-2.5%
Net margin
-8.4%
Revenue growth
-1.7%
Debt / equity
—

What Clipper Realty Inc. does.

In this Annual Report on Form 10-K, when we use the terms the “ Company, ” “ Clipper Realty, ” “ we, ” “ us, ” or “ our, ” unless the context otherwise requires, we are referring to Clipper Realty Inc. and its consolidated subsidiaries. Certain disclosures included in this Annual Report on Form 10-K constitute forward-looking statements that are subject to risks and uncertainties. See Item 1A, "Risk Factors," and “ Cautionary Note Concerning Forward-Looking Statements."

Clipper Realty Inc. is a self-administered and self-managed real estate company that acquires, owns, manages, operates and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. We were formed to continue and expand the commercial real estate business of the 50/53 JV LLC, a Delaware limited liability company, Renaissance Equity Holdings LLC, a Delaware limited liability company, Berkshire Equity LLC, a Delaware limited liability company, and Gunki Holdings LLC, a Delaware limited liability company (collectively referred to as, the "Predecessor” or the "predecessor entities”). These predecessor entities were formed by principals of our management team from 2002 to 2014. Our primary focus is to continue to own, manage and operate our portfolio, and to acquire and re-position additional multifamily residential and commercial properties in the New York metropolitan area.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$122.8M$122.7M$129.7M$138.2M$148.8M$153.2M
Net income-$4.9M-$7.6M-$4.8M-$5.9M-$2.5M-$19.9M
Free cash flow-$17.2M-$70.0M-$32.0M-$20.1M-$37.9M—

More on CLPR.

Figures from Clipper Realty Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.