Clipper Realty Q4 2021 net loss widens to $6.2M; revenue $30.8M, up 1.6% YoY

Clipper Realty Inc.

Q4 2021 revenue $30.8M (+1.6% YoY); net loss $6.2M (-$0.16/sh) vs $3.8M loss in Q4 2020.
Excluding $2.7M litigation settlement, adjusted net loss was $3.5M (-$0.09/sh).
NOI $16.4M; AFFO $4.4M; declared quarterly dividend $0.095/sh.
Portfolio 95% leased; rent collection >98%; cash $52.2M; no debt maturities until 2027.
Co-Chairman cites strong rental demand as NYC recovers from pandemic.

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