secwatch.observer — SEC 8-K summary
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Issuer:     Clipper Realty Inc. (CLPR)
CIK:        0001649096
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001437749-24-032812
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clipper Realty reports Q3 2024 record revenue $37.6M, net loss narrows to $1.1M
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- Q3 2024 revenue $37.6M (+6.8% YoY); record NOI $21.8M; AFFO $7.8M ($0.18/share).
- Net loss $(1.1)M ($0.05/sh) vs $(2.3)M ($0.09/sh) in Q3 2023; lower loss on higher rental revenue.
- Residential revenue up 9.2% on higher rents; new leases exceeded prior rents by nearly 10%, renewals by ~6%.
- CEO notes Flatbush Gardens Article 11 rental recoveries; 250 Livingston NYC vacate notice in Aug 2025; 141 Livingston renewal discussions.
- Marketing properties including 10W 65th St for potential sale (may result in loss vs book value); Dean St development on schedule for 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649096/000143774924032812/0001437749-24-032812-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649096/000143774924032812/clpr20241030_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-032812

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