earnings
confidence high
sentiment neutral
materiality 0.70
Clipper Realty Q1 revenue record $32.1M; net loss narrows to $3.5M
Clipper Realty Inc.
- Revenue $32.1M (+4.6% YoY); net loss $3.5M vs $7.1M prior year.
- AFFO $4.4M ($0.10/sh) vs $3.1M ($0.07/sh); dividend $0.095/sh declared.
- Portfolio 96% leased; rent collection 96.5%; cash $43.8M (unrestricted $25.3M).
- No debt maturities on operating properties until 2027.