secwatch.observer — SEC 8-K summary
======================================

Issuer:     Clipper Realty Inc. (CLPR)
CIK:        0001649096
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001437749-23-021920
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clipper Realty Q2 revenue record $34.5M; net loss $3.3M; Flatbush Gardens 40-year HPD deal
--------------------------------------------------------------------------------

- Record quarterly revenue of $34.5M, up 8.3% YoY; record NOI of $19.2M.
- Net loss of $3.3M ($0.10 per share) vs loss of $3.0M ($0.08) a year ago.
- AFFO of $5.5M, highest in three years; dividend declared $0.095 per share.
- Same-store leased occupancy 99.2%, collection rate 96.3%; Pacific House 77% leased.
- Flatbush Gardens entered 40-year Article 11 regulatory agreement with NYC HPD, providing tax exemptions and enhanced reimbursements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649096/000143774923021920/0001437749-23-021920-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649096/000143774923021920/clpr20230802_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-021920

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