secwatch.observer — SEC 8-K summary
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Issuer:     Clipper Realty Inc. (CLPR)
CIK:        0001649096
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001437749-24-015070
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649096/000143774924015070/0001437749-24-015070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649096/000143774924015070/clpr20240506_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-015070

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