secwatch.observer — SEC 8-K summary
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Issuer:     Clipper Realty Inc. (CLPR)
CIK:        0001649096
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001437749-24-024286
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clipper Realty Q2 revenue $37.3M (+8.3% YoY); net loss narrows to $1.7M
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- Record quarterly revenue of $37.3M, up 8.3% YoY; net loss of $1.7M ($0.06/share) vs loss of $3.3M ($0.10/share) last year.
- AFFO of $7.1M ($0.17/share) vs $5.5M ($0.13/share) a year ago; residential revenue up 11.8%.
- Declared dividend of $0.095/share for Q2 2024, unchanged sequentially.
- New residential leases executed at ~11% premiums over prior rents; renewals at ~7% premiums.
- Flatbush Gardens Article 11 recovery underway; preliminary marketing of properties including 10W 65th St commenced.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649096/000143774924024286/0001437749-24-024286-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649096/000143774924024286/clpr20240731_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-024286

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