{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-012587","form_type":"8-K","ticker":"CLPR","cik":"0001649096","company_name":"Clipper Realty Inc.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.832345+00:00","generated_at":"2026-06-15T22:14:04.195599+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Clipper Realty Q1 net loss widens to $7.1M despite record revenue of $33.7M","bullets":["Net loss of $7.1M ($0.19/share) vs $3.5M loss a year ago; includes $3.9M loss on debt extinguishment.","Record revenue of $33.7M, up 5.0% YoY; residential revenue +11.5%.","NOI of $17.1M; AFFO of $4.5M; leased occupancy 98.9%.","Dividend declared $0.095/share unchanged.","Pacific House development substantially completed; refinanced to fixed rate loan."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-012587","json":"https://secwatch.observer/filing/0001437749-23-012587.json","markdown":"https://secwatch.observer/filing/0001437749-23-012587.md","text":"https://secwatch.observer/filing/0001437749-23-012587.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1649096/000143774923012587/0001437749-23-012587-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1649096/000143774923012587/clpr20230503_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T22:14:04.195599+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"646e130460e041aa5e7b247b38d62b9adb955268","claim":"Clipper Realty Inc. reported three months ended March 31, 2023 results: revenue $33.7 million, net income $7.1 million, EPS $0.19 per share.","evidence_excerpt":"Financial Results For the first quarter of 2023, revenues increased by $1.6 million, or 5.0%, to $33.7 million and $2.7 million, or 8.8% excluding a net $1.1 million recovery of a bad debt reserve at a commercial tenant in the first quarter of 2022. This compares to revenue of $32.1 million or $31.0 million, excluding this one-time bad debt recovery where we reached an agreement with a commercial tenant whose arrears were included in bad debt under the new accounting standard first implemented on January 1, 2022. Residential revenue increased by $2.5 million, or 11.5%, driven by higher rental rates and occupancy at all our residential properties. Commercial income decreased $0.9 million as reported, or 8.1%, but increased by $0.2 million, or 2.5%, excluding the one-time recovery of a bad debt reserve. The adjusted increase was due to new commercial leases signed during 2022. For the first quarter of 2023, net loss was $7.1 million, or $0.19 per share compared to net loss of $3.5 millio","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1649096/000143774923012587/0001437749-23-012587-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2023"},{"label":"Revenue","value":"$33.7 million"},{"label":"Net income","value":"$7.1 million"},{"label":"EPS","value":"$0.19 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}