secwatch.observer — SEC 8-K summary
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Issuer:     Clipper Realty Inc. (CLPR)
CIK:        0001649096
Form:       8-K
Filed at:   2021-08-09T23:59:59+00:00
Accession:  0001437749-21-019142
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clipper Realty Q2 2021 revenue $30.7M, net loss $3.2M, AFFO $4.1M
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- Revenue of $30.7M down 1.6% YoY; net loss improved to $3.2M ($0.09 per share) from $5.2M loss in Q2 2020.
- AFFO of $4.1M ($0.10 per share) vs $5.5M in Q2 2020 and $3.1M in Q1 2021.
- Declared quarterly dividend of $0.095 per share; properties 94% leased with 96% rent collection in Q2.
- Cash and restricted cash totaled $98.3M; no operating property debt maturities until 2027.
- Company sees improving NYC rental demand as pandemic recedes; new office lease at 250 Livingston commenced in Q3 2020.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649096/000143774921019142/0001437749-21-019142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649096/000143774921019142/clpr20210806_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-019142

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