Clipper Realty Reports Q4 2023 Revenue of $34.9M, Net Loss of $2.9M, AFFO of $6.3M

Clipper Realty Inc.

Quarterly revenues increased 5.6% to $34.9 million for Q4 2023.
Net loss was $2.9 million ($0.09 per share) for Q4 2023.
Record adjusted funds from operations (AFFO) of $6.3 million ($0.15 per share).
Declared dividend of $0.095 per share for Q4 2023.
NYC will exercise option to terminate lease at 250 Livingston St in August 2025.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Clipper Realty Inc. reported three months ended December 31, 2023 results: revenue $34.9 million, net income net loss of $2.9 million, EPS $0.09 per share.

Period: three months ended December 31, 2023
Revenue: $34.9 million
Net income: net loss of $2.9 million
EPS: $0.09 per share
Result: reported results

Exact text from the filing

today announced financial and operating results for the three months ended December 31, 2023. Highlights for the Three Months Ended December 31, 2023 ● Quarterly revenues of $34.9 million for the fourth quarter of 2023 ● Quarterly income from operations of $9.0 million for the fourth quarter of 2023 ● Net operating income (“NOI”) 1 of $20.0 million for the fourth

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Source: SEC EDGAR

accession 0001437749-24-007843

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