Clipper Realty Q3 2022: Record revenue $32.8M, net loss narrows to $2.8M

Clipper Realty Inc.

Revenue $32.8M, up 7.2% YoY; record NOI $17.4M; leased occupancy 99.1%.
Net loss $2.8M ($0.08 per share) vs loss $3.4M ($0.09 per share) a year ago.
AFFO $5.0M ($0.12 per share) vs $4.1M ($0.10 per share) in Q3 2021.
Dividend declared $0.095 per share; cash $35.5M (unrestricted $20M, restricted $15.5M).
No debt maturities until 2027; 1010 Pacific Street development on track for Q4 completion.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Clipper Realty Inc. reported financial results for the three months ended September 30, 2022.

Period: the three months ended September 30, 2022
Result: reported results

Exact text from the filing

On November 9, 2022, Clipper Realty Inc. issued a press release announcing its financial results for the quarterly period ended September 30, 2022.

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Clipper Realty Inc. filing history →

Source: SEC EDGAR

accession 0001437749-22-026578

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