---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-015070"
form_type: "8-K"
ticker: "CLPR"
cik: "0001649096"
company_name: "Clipper Realty Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T18:50:06.209619+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Clipper Realty Q1 2024 record revenue $35.8M; net loss narrows to $2.7M

## Summary
- Revenue rose 6.2% YoY to $35.8M; NOI record $20.2M; AFFO $5.9M ($0.14/share).
- Net loss of $2.7M vs. $7.1M in Q1 2023; loss improved on higher rents and Flatbush Gardens tax savings.
- New leases signed at >7% above prior rents; renewals >6%; occupancy remains high.
- Dividend declared $0.095/share for Q1 2024, unchanged from prior quarter.
- Dean Street development ahead of schedule; 250 Livingston NYC tenant plans to vacate Aug 2025.

## SEC filing metadata
- accession: 0001437749-24-015070
- form_type: 8-K
- ticker: CLPR
- cik: 0001649096
- company_name: Clipper Realty Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1649096/000143774924015070/0001437749-24-015070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649096/000143774924015070/clpr20240506_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-015070
- JSON: https://secwatch.observer/filing/0001437749-24-015070.json
- Plain text: https://secwatch.observer/filing/0001437749-24-015070.txt

## Key facts
- Earnings Releases
  Clipper Realty Inc. reported the three months ended March 31, 2024 results: revenue $35.8 million, net income net loss of $2.7 million, EPS $0.09 per share.
  - Period: the three months ended March 31, 2024
  - Revenue: $35.8 million
  - Net income: net loss of $2.7 million
  - EPS: $0.09 per share
  - Result: reported results
  source text: today announced financial and operating results for the three months ended March 31, 2024. Highlights for the Three Months Ended March 31, 2024 ● Record quarterly revenues of $35.8 million for the first quarter of 2024 ● Quarterly income from operations of $9.1 million for the first quarter of 2024 ● Record net operating income (“NOI”) 1 of $20.2 million for the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1649096/000143774924015070/0001437749-24-015070-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.