secwatch.observer — SEC 8-K summary
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Issuer:     Clipper Realty Inc. (CLPR)
CIK:        0001649096
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001437749-23-012587
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clipper Realty Q1 net loss widens to $7.1M despite record revenue of $33.7M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649096/000143774923012587/0001437749-23-012587-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649096/000143774923012587/clpr20230503_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-012587

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer