Clipper Realty Q3 revenue up 2% to $30.6M; net loss widens to $3.4M

Clipper Realty Inc.

Q3 revenue of $30.6M (+2% YoY); net loss $3.4M ($0.09/shr) vs $2.9M loss a year ago.
AFFO of $4.1M; NOI of $16.1M; income from operations of $7.0M for Q3 2021.
Portfolio 94% leased, rent collection over 96%; cash $88.2M; no property debt maturities until 2027.
Declared Q3 dividend of $0.095 per share.
Revenue growth driven by new leases at 250 Livingston, Tribeca House, Aspen, and Clover House.

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