Clipper Realty Q4 revenue up 7.3% to $33.0M; net loss narrows to $3.4M

Clipper Realty Inc.

Record quarterly revenue of $33.0M, up 7.3% YoY from $30.8M.
Net loss of $3.4M ($0.10/share) vs. net loss of $6.2M ($0.16/share) in Q4 2021.
NOI of $17.1M; AFFO of $4.7M for the quarter.
Leased occupancy of 98.8%; dividend declared $0.095 per share.
Unrestricted cash $18.2M; substantially all debt fixed-rate with no maturities until 2027.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Clipper Realty Inc. reported the three months ended December 31, 2022 results: revenue $33.0 million, net income net loss of $3.4 million, EPS $0.10 per share.

Period: the three months ended December 31, 2022
Revenue: $33.0 million
Net income: net loss of $3.4 million
EPS: $0.10 per share
Result: reported results

Exact text from the filing

announced financial and operating results for the three months ended December 31, 2022. Highlights for the Three Months Ended December 31, 2022 ● Record quarterly revenues of $33.0 million for the fourth quarter of 2022 ● Quarterly income from operations of $6.8 million for the fourth quarter of 2022 ● Net operating income (“NOI”) 1 of $17.1 million for the fourth

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Source: SEC EDGAR

accession 0001437749-23-006928

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