Clipper Realty Inc（CLPR）資訊與事件CLPRClipper Realty Inc

Company Reports Q1 Revenue of $38.1M

Reports Q1 revenue $38.1M vs $39.4M last year. David Bistricer, Co-Chairman, and Chief Executive Officer, commented, "For the quarter, the main highlights are continued strong residential leasing and significant progress made towards resolving lender issues at our 250 Livingston Street office property. The residential properties continued to have high occupancy and strong renter demand. New free market leases exceeded previous rents by 7% and renewals by over 5% and our major residential properties are leased at record levels. Furthermore, our new Prospect House property at 953 Dean Street in Brooklyn, NY was fully leased at March 31, 2026. And we continue to work with our lender at the 250 Livingston Street office property."

Company Reports Q4 Revenue of $37.1M, Below Expectations

Reports Q4 revenue $37.1M, consensus $38.1M. David Bistricer, Co-Chairman, and Chief Executive Officer, commented, "For the quarter, the main highlights are continued strong residential leasing and significant progress made towards resolving lender issues at our two major office properties. The residential properties continued to have high occupancy and strong renter demand. New leases exceeded previous rents by nearly 13% and renewals by over 7% and our major residential properties are leased at record levels. Furthermore, our new Prospect House property at 953 Dean Street in Brooklyn, NY is in its second quarter of lease up and leasing well. At our 141 Livingston Street office property, we are pleased to have substantially settled the lender's claims which we had disputed."

Clipper Realty reports Q2 EPS (7c) vs. (6c) last year

Reports Q2 revenue $39M vs. $37.3M last year. Reports AFFO per share 20c vs. 17c last year. David Bistricer, Co-Chairman, and Chief Executive Officer, commented, "For the quarter, the Company continued to maintain revenue, NOI and AFFO at a very high level based on very strong residential leasing. We continue to have high occupancy and strong renter demand in our buildings. For all our properties, new leases exceeded previous rents by nearly 14% and renewals by over 6%. At Flatbush Gardens, as a result of the Article 11 agreement with New York City, we continue to achieve increased rental recoveries under Section 610 and make the committed capital improvements and other improvements in the property. At the Dean Street ground-up development, we have completed construction, begun leasing and completed a bridge financing that will reduce interest costs, help fund excess operating costs during the lease up period and provide additional working capital. At the 250 Livingston Street commercial property, New York City will vacate later this month as announced and we continue to actively seek solutions. At our nearby 141 Livingston Street property, we have agreed to a lease renewal with New York City and continue to work with our lender to get consent and resolve a technical issue. Lastly, as announced, we sold our 10W 65th Street property, generating nearly $13 million in cash."