Clipper Realty Inc Price, Forecast, Insider, Ratings, Fundamentals & Signals

New york--(business wire)--clipper realty inc. (nyse: clpr) (the “company”), a leading owner and operator of multifamily residential and commercial properties in the new york metropolitan area, today announced financial and operating results for the three months ended march 31, 2024. highlights for the three months ended march 31, 2024   record quarterly revenues of $35.8 million for the first quarter of 2024   quarterly income from operations of $9.1 million for the first quarter of 2024   rec.

New york--(business wire)--clipper realty inc. (nyse: clpr) (the “company”), an owner and operator of multifamily residential and commercial properties in the new york metropolitan area, today announced that it will release financial results for the quarter ended march 31, 2024, after the market closes on tuesday, may 7, 2024. the company will host a conference call that same day at 5:00 pm (et) to discuss the financial results and provide a business update. the conference call can be accessed.

New york--(business wire)--clipper realty inc. (nyse: clpr) (the “company”), a leading owner and operator of multifamily residential and commercial properties in the new york metropolitan area, today announced financial and operating results for the three months ended december 31, 2023. highlights for the three months ended december 31, 2023 quarterly revenues of $34.9 million for the fourth quarter of 2023 quarterly income from operations of $9.0 million for the fourth quarter of 2023 net oper.

New york--(business wire)--clipper realty inc. (nyse: clpr) (the “company”), an owner and operator of multifamily residential and commercial properties in the new york metropolitan area, today announced that it will release financial results for the quarter ended december 31, 2023, after the market closes on thursday, march 14, 2024. the company will host a conference call that same day at 5:00 pm (et) to discuss the financial results and provide a business update. the conference call can be ac.

New york--(business wire)--clipper realty inc. (nyse: clpr), an owner and operator of multifamily residential and commercial properties in the new york metropolitan area, today announced the federal income tax treatment of its 2023 dividends to holders of its common stock.   record date   payable date   total dividend per share   ordinary dividend   qualified dividend   nontaxable dividend 3/27/2023 4/05/2023 $0.0950 $0.0095 $0.0000 $0.0855 5/15/2023 5/24/2023 $0.0950 $0.0095 $0.0000 $0.0855 8/.

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.

Clipper Realty Inc. (CLPR) Q4 2023 Earnings Call Transcript

Clipper Realty Inc. (CLPR) came out with quarterly funds from operations (FFO) of $0.15 per share, missing the Zacks Consensus Estimate of $0.16 per share. This compares to FFO of $0.11 per share a year ago.

REITs crashed due to rising interest rates. But they are now set to rally as interest rates are cut in 2024. The window of opportunity is closing fast, but opportunities remain abundant.

Clipper Realty is a residential/retail REIT that owns and manages properties in the New York metropolitan area. The company has a concentrated portfolio, which may be unattractive for investors seeking broader exposure. Even though the discount to NAV appears large and the dividend yield is high, its financial health is concerning, with high leverage, low liquidity, and a potentially unsafe dividend.

Clipper Realty is currently paying out a 7.7% dividend yield. The most recent distribution was 158% covered by its third quarter adjusted FFO. Its long-dated maturity profile and high insider ownership have reduced the likelihood of a dividend reduction.

REITs have experienced a significant drop in value due to rising interest rates and inflation. However, with inflation under control and interest rates expected to stabilize or decrease, REITs are poised for a surge. A list of 28 undervalued REITs with a yield of 5% or better is provided, along with 10 additional REITs to consider.

Clipper Realty Inc. (NYSE:CLPR ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Larry Kreider - Chief Financial Officer David Bistricer - Co-Chairman of the Board and Chief Executive Officer J.J. Bistricer - Chief Operating Officer Operator Good day and welcome to the Clipper Realty Quarterly Earnings Call.

Clipper Realty Inc. (CLPR) came out with quarterly funds from operations (FFO) of $0.15 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to FFO of $0.12 per share a year ago.

Clipper Realty is offering a 7.2% dividend yield, but its dividend is far from safe, partly due to a forward FFO payout ratio of 106%. The commercial properties of Clipper Realty have been negatively impacted by an accelerated shift to e-commerce. The REIT has a high debt load and has underperformed the market, making it a risky investment for income-oriented investors.