secwatch.observer — SEC 8-K summary
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Issuer:     Clipper Realty Inc. (CLPR)
CIK:        0001649096
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001437749-23-029998
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clipper Realty Q3 2023: record revenue $35.1M, AFFO $6.3M, net loss narrows to $2.3M
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- Record quarterly revenue $35.1M (+7.1% YoY); NOI $20.0M (record); AFFO $6.3M ($0.15/share).
- Net loss $2.3M ($0.07/share) vs $2.8M ($0.08/share) in Q3 2022; income from operations $9.2M.
- Same-store leased occupancy 98.4%; collection rate 98.0%; new leases up >12% over prior, renewals up ~7%.
- Declared dividend $0.095/share for Q3 2023; closed construction loan for Dean Street development.
- Flatbush Gardens Article 11 NYC transaction (tax abatement) to enhance rental recoveries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649096/000143774923029998/0001437749-23-029998-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649096/000143774923029998/clpr20231101_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-029998

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